Schedule of Investments (unaudited)	iShares^® MSCI Global Min Vol Factor ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value

Common Stocks

Belgium — 0.1%
Argenx SE^(a)		13,307	$	4,919,283

Brazil — 0.1%
Telefonica Brasil SA		482,566		3,979,338

Canada — 0.8%
CGI Inc.^(a)		191,938		18,953,693
Descartes Systems Group Inc. (The)^(a)		99,496		9,187,840
Thomson Reuters Corp.		22,155		3,812,490
				31,954,023
China — 7.1%
Agricultural Bank of China Ltd., Class A		5,966,199		3,604,008
Agricultural Bank of China Ltd., Class H		32,403,406		13,584,499
Anhui Gujing Distillery Co. Ltd., Class B		134,500		2,089,650
Bank of China Ltd., Class H		71,055,638		33,683,402
Bank of Communications Co. Ltd., Class A		2,750,800		2,668,533
Bank of Communications Co. Ltd., Class H		10,224,000		7,716,677
Beijing-Shanghai High Speed Railway Co. Ltd.,
Class A		3,604,300		2,512,952
Brilliance China Automotive Holdings Ltd.		3,758,000		2,966,128
BYD Co.Ltd., Class A		127,100		3,999,262
BYD Electronic International Co. Ltd.		721,000		3,131,992
CGN Power Co. Ltd., Class H^(b)		12,387,000		4,746,704
China CITIC Bank Corp. Ltd., Class H		10,430,000		6,379,106
China Coal Energy Co. Ltd., Class H		2,398,000		3,024,760
China Construction Bank Corp., Class H		20,877,000		14,816,909
China Merchants Port Holdings Co. Ltd.		1,472,000		2,096,571
China Minsheng Banking Corp. Ltd., Class H		7,774,500		2,945,037
China Power International Development Ltd.		4,696,370		2,209,943
China Resources Power Holdings Co. Ltd.		1,015,423		2,876,019
China Shenhua Energy Co. Ltd., Class A		512,800		2,987,109
China Shenhua Energy Co. Ltd., Class H		3,375,000		16,396,640
China Tower Corp. Ltd., Class H^(b)		51,923,642		6,131,211
China Yangtze Power Co. Ltd., Class A		1,714,800		6,280,999
Chow Tai Fook Jewellery Group Ltd.^(c)		2,339,688		3,014,475
CITIC Securities Co. Ltd., Class A		811,508		2,083,103
COSCO Shipping Holdings Co. Ltd., Class H		3,363,500		5,632,350
Fuyao Glass Industry Group Co. Ltd., Class H^(b)		674,316		3,815,959
Haitian International Holdings Ltd.		746,000		2,288,118
Industrial & Commercial Bank of China Ltd., Class A		4,408,751		3,294,159
Industrial & Commercial Bank of China Ltd., Class H		43,705,000		24,760,522
Industrial Bank Co. Ltd., Class A		1,455,900		3,584,599
Inner Mongolia Yitai Coal Co. Ltd., Class B		1,240,900		2,283,256
Kunlun Energy Co. Ltd.		4,552,000		4,747,486
Kweichow Moutai Co. Ltd., Class A		18,700		4,242,121
Legend Biotech Corp., ADR^(a)		70,327		2,813,783
Lenovo Group Ltd.		2,868,000		4,131,378
Luxshare Precision Industry Co. Ltd., Class A		542,500		2,376,266
Luzhou Laojiao Co. Ltd., Class A		69,300		1,662,755
Muyuan Foods Co. Ltd., Class A		403,220		2,614,584
Nongfu Spring Co. Ltd., Class H^(b)		1,282,400		6,828,236
People’s Insurance Co. Group of China Ltd. (The),
Class H		10,220,867		3,562,164
PetroChina Co. Ltd., Class H		21,994,000		22,551,730
PICC Property & Casualty Co. Ltd., Class H		8,058,000		10,500,935
Ping An Bank Co. Ltd., Class A		1,427,800		2,181,744
Pop Mart International Group Ltd.^(b)		469,035		2,225,103
Postal Savings Bank of China Co. Ltd., Class H^(b)		9,302,856		5,265,806
Shaanxi Coal Industry Co. Ltd., Class A		679,400		2,434,277
Shanghai Pudong Development Bank Co. Ltd.,
Class A		2,184,200		2,507,377

Security	Shares		Value

China (continued)
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.,
Class A		85,900	$	3,428,591
Sinopharm Group Co. Ltd., Class H		777,200		2,115,014
Wanhua Chemical Group Co. Ltd., Class A		230,300		2,773,380
Want Want China Holdings Ltd.		5,534,040		3,332,992
Xiaomi Corp., Class B^(a)(b)		3,997,400		8,950,767
ZTO Express Cayman Inc., ADR		103,029		2,348,031
				301,199,172
Finland — 0.3%
Elisa OYJ		166,134		7,741,115
Sampo OYJ, Class A		120,707		5,165,577
				12,906,692
France — 0.7%
Bollore SE		832,125		5,604,519
Orange SA		2,174,910		25,395,691
				31,000,210
Germany — 0.9%
Deutsche Telekom AG, Registered		1,453,124		35,331,691
SAP SE		24,392		4,448,084
				39,779,775
Greece — 0.1%
Hellenic Telecommunications Organization SA		186,359		2,723,267

Hong Kong — 1.3%
BOC Hong Kong Holdings Ltd.		1,419,500		4,462,051
CLP Holdings Ltd.		1,315,254		10,421,495
Hang Seng Bank Ltd.		680,600		9,483,065
HKT Trust & HKT Ltd., Class SS		4,427,000		5,159,217
Hong Kong & China Gas Co. Ltd.		9,477,579		7,373,923
Jardine Matheson Holdings Ltd.		184,100		6,784,900
MTR Corp. Ltd.		1,648,000		5,600,033
Power Assets Holdings Ltd.		1,157,500		6,426,830
				55,711,514
India — 5.6%
Adani Enterprises Ltd.		57,083		2,332,900
Adani Green Energy Ltd.^(a)		95,709		2,188,134
Adani Power Ltd.^(a)		820,454		7,428,895
Asian Paints Ltd.		376,507		13,021,155
Bajaj Auto Ltd.		59,431		6,472,689
Bajaj Holdings & Investment Ltd.		26,098		2,488,071
Bharat Petroleum Corp. Ltd.		332,422		2,501,839
Bharti Airtel Ltd.		1,310,180		21,574,537
Cipla Ltd.		165,724		2,878,785
Divi’s Laboratories Ltd.		108,058		5,582,179
Dr. Reddy’s Laboratories Ltd.		53,042		3,684,545
Eicher Motors Ltd.		157,912		8,963,095
Havells India Ltd.		137,854		3,149,594
HCL Technologies Ltd.		1,011,729		16,084,375
Indian Hotels Co. Ltd., Class A		858,225		5,744,100
Indian Oil Corp. Ltd.		1,333,930		2,598,120
Infosys Ltd.		229,408		3,888,721
JSW Steel Ltd.		377,852		3,986,014
LTIMindtree Ltd.^(b)		103,778		5,858,503
Maruti Suzuki India Ltd.		55,938		8,323,154
MRF Ltd.		2,218		3,336,275
Nestle India Ltd., NVS		269,010		7,591,821
Page Industries Ltd.		5,050		2,175,255
Petronet LNG Ltd.		982,766		3,507,437
PI Industries Ltd.		88,605		3,762,896
Pidilite Industries Ltd.		178,221		6,346,283
Shree Cement Ltd.		9,321		2,756,669

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value

India (continued)
Sona Blw Precision Forgings Ltd.^(b)		279,236	$	2,178,122
Sun Pharmaceutical Industries Ltd.		356,475		6,243,103
Tata Consultancy Services Ltd.		671,631		29,596,713
Tata Elxsi Ltd.		40,007		3,335,276
Tech Mahindra Ltd.		320,010		4,729,231
Titan Co. Ltd.		52,697		2,046,674
Torrent Pharmaceuticals Ltd.		118,594		3,835,365
Trent Ltd.		155,603		8,498,943
Tube Investments of India Ltd.		82,859		3,550,614
UltraTech Cement Ltd.		65,398		7,776,039
Wipro Ltd.		771,741		4,052,973
Wipro Ltd., ADR		616,601		3,175,495
				237,244,589
Indonesia — 0.5%
Adaro Energy Indonesia Tbk PT		11,862,862		2,022,162
Bank Central Asia Tbk PT		28,604,500		16,275,169
Telkom Indonesia Persero Tbk PT		12,927,667		2,305,899
				20,603,230
Ireland — 0.1%
AIB Group PLC		614,563		3,480,859

Israel — 0.5%
Bank Hapoalim BM		369,666		3,400,616
Check Point Software Technologies Ltd.^(a)(c)		105,502		15,878,051
				19,278,667
Italy — 0.1%
Infrastrutture Wireless Italiane SpA^(b)		392,538		4,303,754

Japan — 10.3%
Brother Industries Ltd.		250,800		4,827,024
Canon Inc.		1,114,000		32,419,760
Central Japan Railway Co.		894,800		19,957,847
Chiba Bank Ltd. (The)		374,600		3,580,221
Chubu Electric Power Co. Inc.		752,600		10,397,750
Dai Nippon Printing Co. Ltd.		74,900		2,326,084
East Japan Railway Co.		985,800		17,095,295
ENEOS Holdings Inc.		1,167,300		6,035,221
FUJIFILM Holdings Corp.		456,500		10,424,523
Fujitsu Ltd.		142,700		2,058,404
Hamamatsu Photonics KK		163,900		4,846,442
Hankyu Hanshin Holdings Inc.		82,500		2,165,143
Inpex Corp.		419,300		6,461,537
Japan Post Bank Co. Ltd.		568,500		5,631,460
KDDI Corp.		942,500		25,970,367
Keisei Electric Railway Co. Ltd.		55,000		1,975,409
Kintetsu Group Holdings Co. Ltd.		225,600		4,796,300
Kirin Holdings Co.Ltd.		150,600		2,079,777
Kyocera Corp.		691,600		7,839,894
McDonald’s Holdings Co. Japan Ltd.^(c)		109,700		4,493,570
MEIJI Holdings Co. Ltd.		131,900		2,954,191
Mizuho Financial Group Inc.		425,300		8,711,989
NEC Corp.		286,800		21,348,753
Nintendo Co. Ltd.		316,400		17,205,977
Nippon Telegraph & Telephone Corp.		30,740,100		30,187,021
Nissin Foods Holdings Co. Ltd.		91,500		2,309,515
Nomura Research Institute Ltd.		119,290		3,193,688
NTT Data Group Corp.		388,800		5,978,858
Obic Co. Ltd.		75,600		9,814,712
Ono Pharmaceutical Co. Ltd.		412,500		5,973,359
Oracle Corp./Japan^(a)		48,400		3,441,758
Osaka Gas Co. Ltd.		430,900		9,810,768
Otsuka Corp.		266,300		5,056,318

Security	Shares		Value

Japan (continued)
Otsuka Holdings Co. Ltd.		354,700	$	14,643,947
Pan Pacific International Holdings Corp.		322,600		8,344,707
Ricoh Co.Ltd.		640,700		5,717,880
SCSK Corp.		199,500		3,781,577
Secom Co. Ltd.		244,400		15,207,764
Seiko Epson Corp.		337,300		5,450,050
SG Holdings Co. Ltd.		208,200		2,100,949
Shimadzu Corp.		123,900		3,204,942
Shizuoka Financial Group Inc., NVS		512,600		5,294,275
SoftBank Corp.		3,333,200		39,965,778
Suntory Beverage & Food Ltd.		166,300		6,108,322
TIS Inc.		248,300		4,541,550
Toho Co. Ltd./Tokyo		131,200		4,151,764
Tokyo Gas Co. Ltd.		162,400		3,640,098
Tokyu Corp.		164,000		1,913,377
West Japan Railway Co.		184,300		3,676,890
Yokogawa Electric Corp.		248,800		6,385,126
				435,497,931
Kuwait — 0.2%
Mobile Telecommunications Co. KSCP		2,207,179		3,250,491
National Bank of Kuwait SAKP		2,297,062		6,420,874
				9,671,365
Malaysia — 0.4%
CELCOMDIGI Bhd		3,169,700		2,566,259
Hong Leong Bank Bhd		810,400		3,319,197
IHH Healthcare Bhd		2,571,700		3,381,946
Malayan Banking Bhd		2,537,000		5,353,502
Petronas Gas Bhd		997,700		3,870,406
				18,491,310
Netherlands — 0.5%
Koninklijke Ahold Delhaize NV		203,903		6,323,648
Koninklijke KPN NV		4,186,214		15,695,392
				22,019,040
New Zealand — 0.1%
Spark New Zealand Ltd.		1,485,320		3,811,884

Peru — 0.1%
Cia. de Minas Buenaventura SAA, ADR		192,625		3,447,988

Philippines — 0.2%
BDO Unibank Inc.		2,099,268		4,663,445
International Container Terminal Services Inc.		358,750		2,094,139
				6,757,584
Qatar — 0.2%
Industries Qatar QSC		730,044		2,316,677
Qatar National Bank QPSC		1,583,263		5,878,629
				8,195,306
Russia — 0.0%
PhosAgro PJSC^(a)(d)		41,863		5
PhosAgro PJSC, GDR^(d)(e)		2		—
PhosAgro PJSC, New^(a)(d)		809		8
Polyus PJSC^(a)(d)		53,523		6
				19
Saudi Arabia — 1.2%
Arabian Internet & Communications Services Co.		28,033		1,978,013
Bupa Arabia for Cooperative Insurance Co.		40,194		2,475,488
Co. for Cooperative Insurance (The)		55,021		1,934,506
Elm Co.		28,033		5,985,885
Jarir Marketing Co.		601,430		2,045,175
SABIC Agri-Nutrients Co.		212,262		6,012,587
Saudi Arabian Oil Co.^(b)		1,757,779		13,588,983

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value

Saudi Arabia (continued)
Saudi Telecom Co.		1,608,839	$	15,441,972
				49,462,609
Singapore — 0.9%
DBS Group Holdings Ltd.		252,440		6,731,518
Genting Singapore Ltd.		5,756,800		3,883,007
Singapore Exchange Ltd.		1,001,400		7,098,176
Singapore Technologies Engineering Ltd.		1,494,200		4,634,146
Singapore Telecommunications Ltd.		9,644,800		17,742,085
				40,088,932
Spain — 0.1%
CaixaBank SA		570,144		3,260,203

Switzerland — 2.3%
Banque Cantonale Vaudoise, Registered		35,183		3,712,699
BKW AG		26,386		4,157,963
Nestle SA, Registered		121,711		12,919,148
Novartis AG, Registered		341,453		35,339,684
Roche Holding AG, NVS		72,513		18,513,784
Swiss Re AG		48,565		6,173,220
Swisscom AG, Registered		30,253		16,783,144
				97,599,642
Taiwan — 5.4%
Accton Technology Corp.		138,000		2,160,851
Acer Inc.		3,382,000		5,547,981
Advantech Co. Ltd.		550,959		6,032,146
Asia Cement Corp.		2,845,000		3,651,957
Asustek Computer Inc.		774,000		12,322,356
Catcher Technology Co. Ltd.		740,000		5,141,558
Chang Hwa Commercial Bank Ltd.		6,594,250		3,712,299
Cheng Shin Rubber Industry Co. Ltd.		2,082,000		3,918,761
China Steel Corp.		6,407,000		4,702,437
Chunghwa Telecom Co. Ltd.		4,440,000		17,568,042
Compal Electronics Inc.		4,890,000		5,615,397
E.Sun Financial Holding Co. Ltd.		16,466,621		14,561,667
Far EasTone Telecommunications Co. Ltd.		2,003,000		5,167,072
First Financial Holding Co. Ltd.		12,726,798		10,826,194
Formosa Chemicals & Fibre Corp.		4,108,000		6,722,051
Formosa Petrochemical Corp.		1,335,000		2,784,971
Formosa Plastics Corp.		1,443,000		2,911,835
Hon Hai Precision Industry Co. Ltd.		1,622,000		8,637,954
Hua Nan Financial Holdings Co. Ltd.		10,357,905		8,014,555
Innolux Corp.		4,917,000		2,122,079
Mega Financial Holding Co. Ltd.		5,631,860		6,803,452
Nan Ya Plastics Corp.		4,375,000		7,203,948
Novatek Microelectronics Corp.		114,000		2,086,868
Pegatron Corp.		2,334,000		7,659,634
PharmaEssentia Corp.^(a)		116,000		1,493,240
President Chain Store Corp.		523,000		4,363,779
Quanta Computer Inc.		304,000		2,582,901
Realtek Semiconductor Corp.		232,000		3,888,868
SinoPac Financial Holdings Co. Ltd.		10,150,000		7,222,248
Synnex Technology International Corp.		1,461,250		3,809,029
Taishin Financial Holding Co. Ltd.		13,116,593		7,457,431
Taiwan Business Bank		7,203,000		3,765,813
Taiwan Cooperative Financial Holding Co. Ltd.		12,026,766		9,498,215
Taiwan High Speed Rail Corp.		2,502,000		2,319,466
Taiwan Mobile Co. Ltd.		2,165,000		7,065,156
Taiwan Semiconductor Manufacturing Co. Ltd.		528,000		13,520,988
WPG Holdings Ltd.		1,862,760		4,969,290
				227,832,489

Security	Shares		Value

Thailand — 0.4%
Advanced Info Service PCL, NVDR		1,389,600	$	7,675,346
Airports of Thailand PCL, NVDR		4,154,900		7,354,922
Bumrungrad Hospital PCL, NVDR		476,400		3,136,363
				18,166,631
Turkey — 0.2%
Aselsan Elektronik Sanayi Ve Ticaret A/S		1,250,859		2,276,706
Turkcell Iletisim Hizmetleri AS		1,012,684		3,130,141
Turkiye Petrol Rafinerileri AS		524,045		2,873,663
Turkiye Sise ve Cam Fabrikalari AS		1,449,326		2,238,205
				10,518,715
United Arab Emirates — 0.3%
Abu Dhabi National Oil Co. for Distribution PJSC		3,705,026		3,271,277
Americana Restaurants International PLC		2,406,630		2,122,890
Emirates Telecommunications Group Co. PJSC		1,500,262		6,576,066
Multiply Group PJSC^(a)		4,578,661		2,355,990
				14,326,223
United States — 58.6%
Abbott Laboratories		40,085		4,096,286
AbbVie Inc.		132,179		21,312,542
Accenture PLC, Class A		32,764		9,248,950
Akamai Technologies Inc.^(a)		138,150		12,742,956
Albertsons Companies Inc., Class A		112,656		2,325,220
Ameren Corp.		55,479		4,070,494
American Electric Power Co. Inc.		32,943		2,973,106
Amgen Inc.		52,620		16,093,827
Amphenol Corp., Class A		171,051		22,642,021
Aon PLC, Class A		43,135		12,148,541
Arch Capital Group Ltd.^(a)		262,095		26,898,810
Arista Networks Inc.^(a)		6,739		2,005,863
Arthur J Gallagher & Co.		51,021		12,925,150
Aspen Technology Inc.^(a)		19,820		4,175,083
Assurant Inc.		26,794		4,647,955
AT&T Inc.		527,588		9,612,654
AutoZone Inc.^(a)		11,180		30,967,929
Becton Dickinson and Co.		44,770		10,385,297
Berkshire Hathaway Inc., Class B^(a)		88,985		36,875,384
BioMarin Pharmaceutical Inc.^(a)		131,536		9,874,408
Booz Allen Hamilton Holding Corp., Class A		110,544		16,825,902
Bristol-Myers Squibb Co.		191,527		7,869,844
Brown & Brown Inc.		123,179		11,025,752
Campbell Soup Co.		226,324		10,044,259
Cardinal Health Inc.		68,535		6,803,469
Cboe Global Markets Inc.		123,240		21,319,288
Cencora Inc.		196,825		44,594,640
CF Industries Holdings Inc.		134,866		10,752,866
CH Robinson Worldwide Inc.		25,860		2,233,528
Cheniere Energy Inc.		34,033		5,370,067
Chubb Ltd.		140,168		37,960,298
Church & Dwight Co. Inc.		194,524		20,816,013
Cigna Group (The)		33,609		11,582,334
Cisco Systems Inc.		1,240,207		57,669,625
CME Group Inc.		47,746		9,691,483
CMS Energy Corp.		110,821		6,973,966
Coca-Cola Co. (The)		35,991		2,264,914
Cognizant Technology Solutions Corp., Class A		117,939		7,801,665
Colgate-Palmolive Co.		174,412		16,213,339
Conagra Brands Inc.		73,589		2,198,839
Consolidated Edison Inc.		403,565		38,157,071
Corteva Inc.		94,382		5,279,729
Diamondback Energy Inc.		15,098		3,008,427
Domino’s Pizza Inc.		20,093		10,218,898

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value

United States (continued)
Duke Energy Corp.		331,574	$	34,341,119
Electronic Arts Inc.		174,599		23,200,715
Elevance Health Inc.		47,491		25,572,954
Eli Lilly & Co.		30,241		24,807,902
Erie Indemnity Co., Class A, NVS		29,673		10,754,385
Everest Group Ltd.		12,340		4,824,076
Exxon Mobil Corp.		36,032		4,225,112
F5 Inc.^(a)(c)		68,687		11,606,042
Fair Isaac Corp.^(a)		2,432		3,137,110
First Citizens BancShares Inc./NC, Class A		4,877		8,283,243
Fiserv Inc.^(a)		103,874		15,556,170
Gartner Inc.^(a)		6,282		2,636,367
Gen Digital Inc.		455,208		11,302,815
General Dynamics Corp.		28,819		8,639,072
General Mills Inc.		432,629		29,743,244
Genuine Parts Co.		16,424		2,367,355
Gilead Sciences Inc.		234,684		15,083,141
GoDaddy Inc., Class A^(a)		158,098		22,075,224
Henry Schein Inc.^(a)		37,567		2,604,896
Hershey Co. (The)		112,187		22,193,954
HF Sinclair Corp.		63,042		3,481,810
Hologic Inc.^(a)		28,653		2,114,018
Hormel Foods Corp.		351,842		10,900,065
Humana Inc.		50,782		18,186,050
Incyte Corp.^(a)		222,914		12,882,200
International Business Machines Corp.		159,243		26,569,695
J M Smucker Co. (The)		110,643		12,352,184
Jack Henry & Associates Inc.		51,776		8,526,472
Johnson & Johnson		314,383		46,110,555
Juniper Networks Inc.		378,886		13,514,864
Kellanova		319,347		19,269,398
Keurig Dr Pepper Inc.		486,374		16,658,309
Keysight Technologies Inc.^(a)		120,784		16,726,168
Kimberly-Clark Corp.		104,491		13,928,650
Knight-Swift Transportation Holdings Inc.		45,966		2,217,859
Kraft Heinz Co. (The)		467,771		16,545,060
Kroger Co. (The)		645,032		33,780,326
Liberty Media Corp.-Liberty Formula One, NVS^(a)		118,331		8,773,060
Lockheed Martin Corp.		19,666		9,249,706
Loews Corp.		220,606		16,942,541
Marathon Petroleum Corp.		43,096		7,611,185
Markel Group Inc.^(a)		11,609		19,057,218
Marsh & McLennan Companies Inc.		181,476		37,670,788
Mastercard Inc., Class A		16,384		7,324,795
McDonald’s Corp.		155,926		40,367,682
McKesson Corp.		105,822		60,275,153
Merck & Co. Inc.		490,070		61,523,388
Microsoft Corp.		81,124		33,677,006
Molina Healthcare Inc.^(a)		18,029		5,671,563
Mondelez International Inc., Class A		170,054		11,653,801
Monster Beverage Corp.^(a)		101,854		5,288,260
Motorola Solutions Inc.		173,315		63,244,377
Neurocrine Biosciences Inc.^(a)		116,227		15,738,298
Newmont Corp.		102,024		4,278,887
Northrop Grumman Corp.		69,652		31,397,032
Oracle Corp.		132,602		15,539,628
O’Reilly Automotive Inc.^(a)		22,977		22,132,825
PepsiCo Inc.		298,374		51,588,865
PG&E Corp.		223,795		4,149,159
Procter & Gamble Co. (The)		223,516		36,777,323
Progressive Corp. (The)		149,397		31,549,658

Security	Shares		Value

United States (continued)
PTC Inc.^(a)		51,548	$	9,084,820
Quest Diagnostics Inc.		43,845		6,224,675
Regeneron Pharmaceuticals Inc.^(a)		35,631		34,924,081
Republic Services Inc., Class A		257,529		47,691,795
Rollins Inc.		192,168		8,780,156
Roper Technologies Inc.		109,418		58,293,534
Southern Co. (The)		421,566		33,784,299
Targa Resources Corp.		18,072		2,136,653
Teledyne Technologies Inc.^(a)		10,366		4,114,784
Texas Pacific Land Corp.		3,455		2,122,441
TJX Companies Inc. (The)		139,710		14,404,101
T-Mobile U.S. Inc.		389,886		68,214,455
Travelers Companies Inc. (The)		56,164		12,114,575
Tyson Foods Inc., Class A		223,941		12,820,622
Ulta Beauty Inc.^(a)		19,418		7,671,858
United Therapeutics Corp.^(a)		47,451		13,055,194
UnitedHealth Group Inc.		63,398		31,405,467
VeriSign Inc.^(a)		87,113		15,185,538
Verizon Communications Inc.		841,600		34,631,840
Vertex Pharmaceuticals Inc.^(a)		106,270		48,388,982
Visa Inc., Class A^(c)		87,597		23,866,679
W R Berkley Corp.		207,148		16,785,202
Walmart Inc.		983,601		64,681,602
Waste Connections Inc.		97,130		15,960,402
Waste Management Inc.		307,597		64,819,916
WEC Energy Group Inc.		320,345		25,957,555
Willis Towers Watson PLC		14,493		3,699,918
Workday Inc., Class A^(a)		17,218		3,640,746
Xcel Energy Inc.		74,356		4,123,040
Yum! Brands Inc.		78,932		10,847,625
				2,480,332,024

Total Long-Term Investments — 99.6%
(Cost: $3,628,797,153)				4,218,564,268

Short-Term Securities

Money Market Funds — 1.0%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 5.49%^(f)(g)(h)		41,085,968		41,098,294

Total Short-Term Securities — 1.0%
(Cost: $41,095,867)				41,098,294

Total Investments — 100.6%
(Cost: $3,669,893,020)				4,259,662,562

Liabilities in Excess of Other Assets — (0.6)%				(27,003,575	)

Net Assets — 100.0%			$	4,232,658,987

^(a)	Non-income producing security.

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

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

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

^(e)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f)	Affiliate of the Fund.

^(g)	Annualized 7-day yield as of period end.

^(h)	All or a portion of this security was purchased with the cash collateral from loaned securities.

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
May 31, 2024

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2024 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 Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 05/31/24		Shares Held at 05/31/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	51,597,548	$	—	$	(10,492,834	)^(a)	$	1,765	$	(8,185	)	$	41,098,294		41,085,968	$	74,007	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares^(c)		7,270,000		—		(7,270,000	)^(a)		—		—			—		—		330,764			—
								$	1,765	$	(8,185	)	$	41,098,294			$	404,771		$	—

^(a)	Represents net amount purchased (sold).

^(b)	All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

^(c)	As of period end, the entity is no longer held.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
MSCI EAFE Index		20	06/21/24	$	2,370	$	(4,032	)
MSCI Emerging Markets Index		23	06/21/24		1,215		(37,923	)
S&P 500 E-Mini Index		17	06/21/24		4,501		(9,339	)
2-Year U.S. Treasury Note		6	09/30/24		1,223		1,070
						$	(50,224	)

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.

Schedule of Investments (unaudited) (continued)	iShares^® MSCI Global Min Vol Factor ETF
May 31, 2024

Fair Value Hierarchy as of Period End (continued)

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1			Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Common Stocks	$	2,608,516,732		$	1,610,047,517	$	19	$	4,218,564,268
Short-Term Securities
Money Market Funds		41,098,294			—		—		41,098,294
	$	2,649,615,026		$	1,610,047,517	$	19	$	4,259,662,562
Derivative Financial Instruments^(a)
Assets
Interest Rate Contracts	$	1,070		$	—	$	—	$	1,070
Liabilities
Equity Contracts		(51,294	)		—		—		(51,294	)
	$	(50,224	)	$	—	$	—	$	(50,224	)

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

Portfolio Abbreviation

ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company
S&P	Standard & Poor’s