Schedule of Investments (unaudited)	iShares® MSCI Global Energy Producers ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Australia — 2.3%
Beach Energy Ltd.		62,833	$	70,450
Boss Energy Ltd. (a)		15,374		48,143
Deep Yellow Ltd.(a)		32,845		36,466
Karoon Energy Ltd.(a)		30,408		36,725
New Hope Corp. Ltd.		19,885		65,948
Paladin Energy Ltd.(a)		11,048		118,109
Santos Ltd.		126,948		645,037
Strike Energy Ltd.(a)(b)		89,895		12,001
Whitehaven Coal Ltd.		30,854		165,589
Woodside Energy Group Ltd.		74,439		1,377,384
Yancoal Australia Ltd., NVS		15,530		66,932
				2,642,784
Austria — 0.3%
OMV AG		5,767		291,455
Brazil — 1.3%
3R Petroleum Oleo E Gas SA		9,074		48,732
Enauta Participacoes SA		5,862		24,717
Petroleo Brasileiro SA		145,889		1,130,793
Petroreconcavo SA		5,721		22,597
PRIO SA		31,417		248,959
				1,475,798
Canada — 10.0%
Advantage Energy Ltd.(a)		6,094		51,821
Africa Oil Corp.		14,285		27,355
ARC Resources Ltd.		23,454		443,801
Athabasca Oil Corp.(a)		21,684		79,707
Baytex Energy Corp.		5,666		20,851
Baytex Energy Corp.		24,199		88,952
Birchcliff Energy Ltd.		10,104		46,037
Cameco Corp.		17,022		944,550
Canadian Natural Resources Ltd.		42,033		3,228,919
Cardinal Energy Ltd.		5,040		26,070
Cenovus Energy Inc.		54,832		1,142,945
Crew Energy Inc.(a)		5,040		16,455
Denison Mines Corp.(a)		34,545		83,388
Energy Fuels Inc./Canada(a)		6,301		43,734
Enerplus Corp.		7,520		152,888
Fission Uranium Corp.(a)		26,142		22,249
Freehold Royalties Ltd.		4,971		52,776
Frontera Energy Corp.		1,517		9,917
Headwater Exploration Inc.		9,242		51,738
Imperial Oil Ltd.		7,353		519,530
International Petroleum Corp.(a)(b)		3,553		47,471
Kelt Exploration Ltd.(a)		6,847		31,649
MEG Energy Corp.(a)		10,727		232,886
NexGen Energy Ltd.(a)		20,095		156,579
NuVista Energy Ltd.(a)		6,544		65,586
Obsidian Energy Ltd.(a)		3,180		24,335
Paramount Resources Ltd., Class A.		3,121		75,085
Parex Resources Inc.		4,032		66,177
PetroTal Corp., NVS		24,868		14,232
Peyto Exploration & Development Corp.		7,439		83,453
PrairieSky Royalty Ltd.		8,296		168,665
Spartan Delta Corp.		6,441		20,274
Suncor Energy Inc.		50,466		2,058,703
Surge Energy Inc.		3,900		20,860
Tamarack Valley Energy Ltd.		21,382		60,242
Topaz Energy Corp.		3,613		60,758
Tourmaline Oil Corp.		13,126		651,124

Security	Shares		Value
Canada (continued)
Veren Inc.		22,861	$	198,930
Vermilion Energy Inc.		6,251		77,326
Whitecap Resources Inc.		23,737		185,828
				11,353,846
China — 2.1%
CGN Mining Co. Ltd.(a)		115,000		43,793
China Coal Energy Co. Ltd., Class H		80,000		100,909
China Shenhua Energy Co. Ltd., Class A		15,600		90,872
China Shenhua Energy Co. Ltd., Class H		132,500		643,720
Guanghui Energy Co. Ltd., Class A		16,800		18,544
Inner Mongolia Dian Tou Energy Corp. Ltd.		5,800		18,132
Inner Mongolia Yitai Coal Co. Ltd., Class B		42,100		77,417
Jizhong Energy Resources Co. Ltd.		8,700		9,737
Kinetic Development Group Ltd.		110,000		14,066
PetroChina Co. Ltd., Class A		48,600		68,023
PetroChina Co. Ltd., Class H		826,000		846,946
Pingdingshan Tianan Coal Mining Co. Ltd.		5,800		10,363
Shaanxi Coal Industry Co. Ltd., Class A		21,900		78,472
Shan Xi Hua Yang Group New Energy Co. Ltd.		9,950		15,036
Shanxi Coking Coal Energy Group Co. Ltd., Class A		13,410		20,363
Shanxi Lu'an Environmental Energy Development Co.
Ltd., Class A		6,100		19,043
Yankuang Energy Group Co. Ltd., Class A		9,350		32,417
Yankuang Energy Group Co. Ltd., Class H		90,000		224,946
				2,332,799
Finland — 0.3%
Neste OYJ		16,659		349,743
France — 5.5%
Esso SA Francaise		101		21,852
Etablissements Maurel et Prom SA		2,184		15,946
TotalEnergies SE		84,217		6,170,112
				6,207,910
Greece — 0.1%
HELLENiQ ENERGY Holdings SA		3,243		29,495
Motor Oil Hellas Corinth Refineries SA		2,606		73,688
				103,183
Hong Kong — 0.0%
United Energy Group Ltd.(b)		336,000		27,510
Hungary — 0.1%
MOL Hungarian Oil & Gas PLC		17,563		136,443
India — 4.8%
Bharat Petroleum Corp. Ltd.		29,558		222,456
Chennai Petroleum Corp. Ltd.		2,086		22,974
Coal India Ltd.		60,186		354,470
Gujarat Mineral Development Corp. Ltd.		3,276		15,437
Hindustan Petroleum Corp. Ltd.		21,996		141,638
Indian Oil Corp. Ltd.		111,011		216,218
Oil & Natural Gas Corp. Ltd.		123,915		393,501
Reliance Industries Ltd.		97,595		3,348,083
Reliance Industries Ltd., GDR(c)		10,783		749,419
				5,464,196
Indonesia — 0.3%
Adaro Energy Indonesia Tbk PT		572,600		97,606
Bukit Asam Tbk PT		154,000		23,675
Bumi Resources Tbk PT(a)		4,291,600		24,095
Harum Energy Tbk PT(a)		92,500		7,969
Indika Energy Tbk PT		58,800		5,174
Indo Tambangraya Megah Tbk PT		14,600		22,439
Medco Energi Internasional Tbk PT		252,012		21,783

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Indonesia (continued)
Sugih Energy Tbk PT(a)(d)		206,700	$	—
United Tractors Tbk PT		58,900		80,013
				282,754
Israel — 0.1%
Delek Group Ltd.		368		42,256
Equital Ltd.(a)		834		23,942
Naphtha Israel Petroleum Corp. Ltd.(a)		1,177		6,298
Oil Refineries Ltd.		96,873		26,356
Paz Oil Co. Ltd.		395		40,123
				138,975
Italy — 1.2%
Eni SpA		83,698		1,321,957
Saras SpA		15,794		28,001
				1,349,958
Japan — 1.4%
Cosmo Energy Holdings Co. Ltd.		2,436		121,634
ENEOS Holdings Inc.		113,000		584,237
Idemitsu Kosan Co. Ltd.		35,440		242,678
Inpex Corp.		37,300		575,530
Japan Petroleum Exploration Co. Ltd.		1,200		50,524
				1,574,603
Malaysia — 0.0%
Hibiscus Petroleum Bhd		20,560		10,953
Norway — 1.3%
Aker BP ASA		12,357		319,025
BlueNord ASA(a)		897		47,002
BW Energy Ltd.(a)		2,482		7,945
DNO ASA		18,679		20,908
Equinor ASA		35,363		1,026,508
				1,421,388
Philippines — 0.0%
Semirara Mining & Power Corp., Class A		33,800		19,603
Poland — 0.3%
ORLEN SA		22,634		366,637
Portugal — 0.3%
Galp Energia SGPS SA		18,120		381,047
Russia — 0.0%
LUKOIL PJSC(a)(d)		17,021		2
Rosneft Oil Co. PJSC(a)(d)		47,821		5
Surgutneftegas PJSC(a)(d)		285,010		32
Tatneft PJSC(a)(d)		57,983		6
				45
Saudi Arabia — 0.7%
Saudi Arabian Oil Co.(c)		103,660		801,372
South Africa — 0.1%
Exxaro Resources Ltd.		9,696		93,933
Thungela Resources Ltd.		5,247		37,568
				131,501
South Korea — 0.3%
HD Hyundai Co. Ltd.		1,680		83,724
SK Innovation Co. Ltd.(a)		2,440		177,364
S-Oil Corp.		1,753		86,784
				347,872
Spain — 0.7%
Repsol SA		47,727		779,129

Security	Shares		Value
Thailand — 0.4%
Bangchak Corp. PCL, NVDR		38,700	$	40,391
Bangchak Sriracha PCL, NVDR		32,800		7,986
Banpu PCL, NVDR		349,600		51,415
IRPC PCL, NVDR		411,600		21,294
PTT Exploration & Production PCL, NVDR		53,631		225,518
Star Petroleum Refining PCL, NVDR(a)		76,200		17,546
Thai Oil PCL, NVDR		46,300		65,369
				429,519
Turkey — 0.2%
Turkiye Petrol Rafinerileri AS		37,284		204,451
United Arab Emirates — 0.0%
Dana Gas PJSC		213,277		35,768
United Kingdom — 11.8%
BP PLC		659,567		4,125,911
Diversified Energy Co. PLC		1,848		27,951
Energean PLC		6,241		94,874
Harbour Energy PLC		23,475		99,880
Serica Energy PLC		9,360		20,969
Shell PLC		251,039		9,061,190
Tullow Oil PLC(a)		49,212		24,735
				13,455,510
United States — 52.3%
Antero Resources Corp.(a)		11,306		402,833
APA Corp.		14,602		445,799
Berry Corp.		3,085		21,502
California Resources Corp.		2,157		102,134
Centrus Energy Corp., Class A(a)		585		29,034
Chesapeake Energy Corp.		4,371		397,455
Chevron Corp.		68,802		11,166,565
Chord Energy Corp.		1,608		298,139
Civitas Resources Inc.		2,549		187,504
CNX Resources Corp.(a)(b)		6,004		157,905
Comstock Resources Inc.		4,160		48,714
ConocoPhillips.		46,120		5,372,058
CONSOL Energy Inc.		1,202		124,611
Coterra Energy Inc.		29,303		835,722
Crescent Energy Co., Class A		3,599		45,347
CVR Energy Inc.		1,364		38,001
Delek U.S. Holdings Inc.		2,625		66,833
Devon Energy Corp.		24,958		1,224,939
Diamondback Energy Inc.		6,618		1,318,703
EOG Resources Inc.		22,739		2,832,142
EQT Corp.		16,414		674,451
Exxon Mobil Corp.		175,868		20,622,282
Granite Ridge Resources Inc.		2,303		15,085
Gulfport Energy Corp.(a)		508		82,199
Hess Corp.		10,838		1,670,136
HF Sinclair Corp.		6,403		353,638
HighPeak Energy Inc.(b)		1,001		15,796
Kimbell Royalty Partners LP		2,733		45,860
Kosmos Energy Ltd.(a)		18,425		112,393
Magnolia Oil & Gas Corp., Class A		6,893		178,873
Marathon Oil Corp.		22,629		655,336
Marathon Petroleum Corp.		14,127		2,494,969
Matador Resources Co.		4,647		294,852
Murphy Oil Corp.		5,723		244,887
Northern Oil and Gas Inc.		3,595		147,143
Occidental Petroleum Corp.		26,065		1,629,063
Ovintiv Inc.		10,544		544,809
Par Pacific Holdings Inc.(a)		2,330		63,236

2

Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
United States (continued)
PBF Energy Inc., Class A		4,294	$	198,941
Peabody Energy Corp.		4,755		117,829
Permian Resources Corp., Class A, NVS		18,430		302,068
Range Resources Corp.		9,428		347,988
Riley Exploration Permian Inc.		206		6,015
Sable Offshore Corp.(a)		708		10,896
SandRidge Energy Inc.		1,313		18,329
SilverBow Resources Inc.(a)		770		30,184
Sitio Royalties Corp.		3,214		75,304
SM Energy Co.		4,589		231,423
Southwestern Energy Co.(a)		43,182		325,160
Talos Energy Inc.(a)		5,616		67,448
Tellurian Inc.(a)(b)		26,164		13,451
Texas Pacific Land Corp.		767		471,176
Uranium Energy Corp.(a)		15,844		113,126
VAALCO Energy Inc.		4,393		28,027
Valero Energy Corp.		12,916		2,029,620
Viper Energy Inc., NVS		3,241		124,649
Vital Energy Inc.(a)(b)		884		43,183
Vitesse Energy Inc.		985		25,137
				59,540,902
Total Common Stocks — 98.2%
(Cost: $82,843,599)				111,657,654
Preferred Stocks
Brazil — 1.2%
Petroleo Brasileiro SA, Preference Shares, NVS		186,681		1,379,070
Russia — 0.0%
Surgutneftegas PJSC, Preference Shares, NVS(a)(d)		275,500		30
Total Preferred Stocks — 1.2%
(Cost: $906,514)				1,379,100
Total Long-Term Investments — 99.4%
(Cost: $83,750,113)				113,036,754

Security	Shares		Value
Short-Term Securities
Money Market Funds — 0.2%
BlackRock Cash Funds: Institutional, SL Agency Shares,
5.49%(e)(f)(g)		244,610	$	244,684
BlackRock Cash Funds: Treasury, SL Agency Shares,
5.28%(e)(f)		20,000		20,000
Total Short-Term Securities — 0.2%
(Cost: $264,526)				264,684
Total Investments — 99.6%
(Cost: $84,014,639)				113,301,438
Other Assets Less Liabilities — 0.4%				449,561
Net Assets — 100.0%			$	113,750,999

^(a) Non-income producing security.

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

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

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

^(e) Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended 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	$	839,216	$	—	$	(594,554	)(a)	$	22	$	—	$	244,684		244,610	$	4,073	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		30,000		—		(10,000	)(a)		—		—		20,000		20,000		8,196			—
								$	22	$	—	$	264,684			$	12,269		$	—

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

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

3

Schedule of Investments (unaudited) (continued)	iShares® MSCI Global Energy Producers ETF
May 31, 2024

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
E-Mini Energy Select Sector Index		6	06/21/24	$	586	$	(2,942	)
FTSE 100 Index		1	06/21/24		106		(1,651	)
						$	(4,593	)

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	$	74,032,164		$	37,625,445		$	45	$	111,657,654
Preferred Stocks		1,379,070			—			30		1,379,100
Short-Term Securities
Money Market Funds		264,684			—			—		264,684
	$	75,675,918		$	37,625,445		$	75	$	113,301,438
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	(2,942	)	$	(1,651	)	$	—	$	(4,593	)

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

Portfolio Abbreviation

GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company

4