Schedule of Investments (unaudited) | iShares® MSCI Global Sustainable Development Goals ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Australia — 1.3% | ||||||||
CSL Ltd. | 16,597 | $ | 3,106,764 | |||||
Vicinity Ltd. | 451,483 | 590,169 | ||||||
3,696,933 | ||||||||
Austria — 0.4% | ||||||||
Verbund AG | 14,416 | 1,183,654 | ||||||
Belgium — 4.3% | ||||||||
Argenx SE(a) | 1,002 | 370,587 | ||||||
Elia Group SA/NV | 9,879 | 1,006,211 | ||||||
Umicore SA | 546,836 | 10,830,768 | ||||||
12,207,566 | ||||||||
Brazil — 0.8% | ||||||||
BRF SA(a) | 611,792 | 2,164,790 | ||||||
Canada — 2.9% | ||||||||
Northland Power Inc. | 51,427 | 879,159 | ||||||
RioCan REIT | 22,105 | 280,418 | ||||||
Saputo Inc. | 197,805 | 4,002,687 | ||||||
West Fraser Timber Co. Ltd. | 37,365 | 2,989,035 | ||||||
8,151,299 | ||||||||
Chile — 0.8% | ||||||||
Empresas CMPC SA | 1,041,934 | 2,180,433 | ||||||
China — 11.8% | ||||||||
Akeso Inc.(a)(b) | 24,000 | 135,512 | ||||||
Anjoy Foods Group Co. Ltd., Class A | 6,600 | 82,533 | ||||||
BeiGene Ltd.(a) | 27,421 | 313,414 | ||||||
Beijing Enterprises Water Group Ltd. | 3,528,000 | 1,126,926 | ||||||
China Longyuan Power Group Corp. Ltd., Class H | 1,438,000 | 1,313,958 | ||||||
China Medical System Holdings Ltd. | 5,140 | 4,352 | ||||||
China Mengniu Dairy Co. Ltd. | 2,113,000 | 3,896,441 | ||||||
China Railway Signal & Communication Corp. Ltd., | ||||||||
Class A | 124,429 | 94,012 | ||||||
China Three Gorges Renewables Group Co. Ltd., | ||||||||
Class A | 298,500 | 191,943 | ||||||
Chongqing Zhifei Biological Products Co. Ltd., Class A | 24,500 | 110,652 | ||||||
Contemporary Amperex Technology Co. Ltd., Class A | 112,420 | 3,052,439 | ||||||
CSPC Pharmaceutical Group Ltd. | 497,520 | 422,977 | ||||||
Flat Glass Group Co. Ltd., Class A | 34,600 | 117,616 | ||||||
Flat Glass Group Co. Ltd., Class H | 33,000 | 67,038 | ||||||
Hansoh Pharmaceutical Group Co. Ltd.(b) | 30,000 | 61,701 | ||||||
Hebei Yangyuan Zhihui Beverage Co. Ltd., Class A | 7,100 | 24,987 | ||||||
Henan Shuanghui Investment & Development Co. Ltd., | ||||||||
Class A | 98,600 | 343,651 | ||||||
Hengan International Group Co. Ltd. | 362,500 | 1,265,423 | ||||||
Hengdian Group DMEGC Magnetics Co.Ltd. | 38,100 | 72,774 | ||||||
Innovent Biologics Inc.(a)(b) | 38,000 | 171,983 | ||||||
Kingdee International Software Group Co. Ltd.(a) | 277,000 | 285,217 | ||||||
Li Auto Inc.(a) | 922,844 | 9,339,502 | ||||||
New Oriental Education & Technology Group Inc.(a) | 334,900 | 2,669,905 | ||||||
Nongfu Spring Co. Ltd., Class H(b) | 81,600 | 434,485 | ||||||
Seres Group Co. Ltd., NVS(a) | 12,300 | 150,565 | ||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 7,100 | 17,745 | ||||||
Sungrow Power Supply Co. Ltd., Class A | 24,000 | 326,042 | ||||||
Tingyi Cayman Islands Holding Corp. | 1,114,000 | 1,360,877 | ||||||
Xinyi Solar Holdings Ltd. | 2,384,000 | 1,577,577 | ||||||
XPeng Inc., Class A(a)(c) | 605,432 | 2,511,984 | ||||||
Yadea Group Holdings Ltd.(b) | 526,000 | 841,585 | ||||||
Yihai Kerry Arawana Holdings Co. Ltd., Class A | 61,000 | 252,402 |
Security | Shares | Value | ||||||
China (continued) | ||||||||
Zhejiang Leapmotor Technology Co. Ltd.(a)(b) | 188,700 | $ | 689,919 | |||||
33,328,137 | ||||||||
Denmark — 8.5% | ||||||||
Genmab A/S(a) | 2,006 | 566,211 | ||||||
Novo Nordisk A/S, Class B | 53,669 | 7,271,509 | ||||||
Orsted A/S(a)(b) | 55,363 | 3,395,786 | ||||||
Rockwool A/S, Class B | 3,736 | 1,571,887 | ||||||
Vestas Wind Systems A/S(a) | 403,926 | 11,333,504 | ||||||
24,138,897 | ||||||||
France — 4.5% | ||||||||
Alstom SA(c) | 397,874 | 7,831,654 | ||||||
Covivio SA/France | 14,484 | 753,841 | ||||||
Gecina SA | 3,362 | 362,885 | ||||||
Ipsen SA | 2,242 | 294,118 | ||||||
Klepierre SA | 50,269 | 1,459,103 | ||||||
Unibail-Rodamco-Westfield, New | 21,970 | 1,935,772 | ||||||
12,637,373 | ||||||||
Germany — 2.6% | ||||||||
LEG Immobilien SE | 17,139 | 1,524,242 | ||||||
Vonovia SE | 186,710 | 5,869,342 | ||||||
7,393,584 | ||||||||
Hong Kong — 5.1% | ||||||||
Henderson Land Development Co. Ltd. | 239,000 | 747,822 | ||||||
Link REIT | 248,520 | 1,047,863 | ||||||
MTR Corp. Ltd. | 432,000 | 1,467,970 | ||||||
Swire Properties Ltd. | 197,600 | 363,442 | ||||||
WH Group Ltd.(b) | 15,689,000 | 10,691,358 | ||||||
14,318,455 | ||||||||
India — 0.8% | ||||||||
Adani Green Energy Ltd.(a) | 6,674 | 153,008 | ||||||
Colgate-Palmolive India Ltd. | 4,985 | 158,815 | ||||||
Hindustan Unilever Ltd. | 41,721 | 1,164,424 | ||||||
Macrotech Developers Ltd. | 16,514 | 273,004 | ||||||
Marico Ltd. | 28,671 | 204,424 | ||||||
Nestle India Ltd., NVS | 12,759 | 360,076 | ||||||
2,313,751 | ||||||||
Indonesia — 0.1% | ||||||||
Unilever Indonesia Tbk PT | 868,100 | 166,994 | ||||||
Japan — 13.5% | ||||||||
Central Japan Railway Co. | 255,600 | 5,700,968 | ||||||
Chugai Pharmaceutical Co. Ltd. | 15,300 | 465,514 | ||||||
Daiichi Sankyo Co. Ltd. | 46,600 | 1,644,937 | ||||||
Daiwa House Industry Co. Ltd. | 426,900 | 11,358,375 | ||||||
East Japan Railway Co. | 474,200 | 8,223,361 | ||||||
Eisai Co. Ltd. | 16,700 | 716,922 | ||||||
Japan Real Estate Investment Corp. | 92 | 303,374 | ||||||
Kyowa Kirin Co. Ltd. | 17,400 | 294,206 | ||||||
Nippon Building Fund Inc. | 114 | 425,728 | ||||||
Nippon Prologis REIT Inc. | 199 | 328,479 | ||||||
Nissin Foods Holdings Co. Ltd. | 63,200 | 1,595,206 | ||||||
Nomura Real Estate Master Fund Inc. | 346 | 325,119 | ||||||
Ono Pharmaceutical Co. Ltd. | 43,900 | 635,710 | ||||||
Shionogi & Co. Ltd. | 9,900 | 446,026 | ||||||
Sysmex Corp. | 24,100 | 412,639 | ||||||
Terumo Corp. | 47,300 | 805,707 | ||||||
TOTO Ltd. | 78,800 | 1,977,185 | ||||||
Unicharm Corp. | 76,100 | 2,455,860 | ||||||
38,115,316 |
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Schedule of Investments (unaudited) (continued) | iShares® MSCI Global Sustainable Development Goals ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Malaysia — 0.2% | ||||||||
PPB Group Bhd | 60,800 | $ | 190,654 | |||||
QL Resources Bhd | 207,329 | 277,654 | ||||||
468,308 | ||||||||
Mexico — 0.8% | ||||||||
Gruma SAB de CV, Class B | 67,568 | 1,311,416 | ||||||
Kimberly-Clark de Mexico SAB de CV, Class A | 456,362 | 957,294 | ||||||
2,268,710 | ||||||||
Netherlands — 0.5% | ||||||||
JDE Peet's NV | 62,397 | 1,372,699 | ||||||
Norway — 1.3% | ||||||||
Mowi ASA | 147,021 | 2,643,815 | ||||||
Salmar ASA | 16,090 | 982,517 | ||||||
3,626,332 | ||||||||
Portugal — 0.2% | ||||||||
EDP Renovaveis SA | 40,470 | 650,369 | ||||||
Saudi Arabia — 0.2% | ||||||||
ACWA Power Co. | 1,308 | 140,594 | ||||||
Almarai Co. JSC | 32,940 | 459,317 | ||||||
599,911 | ||||||||
Singapore — 0.6% | ||||||||
CapitaLand Ascendas REIT | 341,500 | 661,755 | ||||||
CapitaLand Integrated Commercial Trust | 711,140 | 1,035,819 | ||||||
1,697,574 | ||||||||
South Africa — 0.2% | ||||||||
NEPI Rockcastle NV | 79,081 | 546,516 | ||||||
South Korea — 3.9% | ||||||||
LG Energy Solution Ltd.(a) | 17,599 | 4,239,153 | ||||||
Samsung SDI Co. Ltd. | 24,727 | 6,755,774 | ||||||
10,994,927 | ||||||||
Sweden — 2.7% | ||||||||
Essity AB, Class B | 252,097 | 6,476,965 | ||||||
Svenska Cellulosa AB SCA, Class B | 60,396 | 926,775 | ||||||
Swedish Orphan Biovitrum AB(a) | 13,529 | 363,038 | ||||||
7,766,778 | ||||||||
Switzerland — 3.4% | ||||||||
Geberit AG, Registered | 2,584 | 1,589,338 | ||||||
Novartis AG, Registered | 76,359 | 7,903,000 | ||||||
9,492,338 | ||||||||
Taiwan — 2.4% | ||||||||
Taiwan High Speed Rail Corp. | 558,000 | 517,291 | ||||||
Uni-President Enterprises Corp. | 2,531,000 | 6,257,447 | ||||||
6,774,738 | ||||||||
Thailand — 0.1% | ||||||||
BTS Group Holdings PCL, NVDR | 1,212,300 | 158,686 | ||||||
United Kingdom — 5.9% | ||||||||
AstraZeneca PLC | 72,412 | 11,247,839 | ||||||
Berkeley Group Holdings PLC | 22,145 | 1,494,356 | ||||||
Land Securities Group PLC | 58,662 | 492,443 | ||||||
Pearson PLC | 286,150 | 3,479,085 | ||||||
16,713,723 | ||||||||
United States — 18.0% | ||||||||
Alexandria Real Estate Equities Inc. | 16,398 | 1,951,362 |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Alnylam Pharmaceuticals Inc.(a)(c) | 3,174 | $ | 471,117 | |||||
Amgen Inc. | 19,462 | 5,952,453 | ||||||
BioMarin Pharmaceutical Inc.(a) | 9,927 | 745,220 | ||||||
Boston Properties Inc. | 35,357 | 2,145,109 | ||||||
Dexcom Inc.(a) | 9,118 | 1,082,945 | ||||||
Digital Realty Trust Inc. | 50,384 | 7,322,810 | ||||||
Edwards Lifesciences Corp.(a)(c) | 18,313 | 1,591,217 | ||||||
Enphase Energy Inc.(a)(c) | 18,669 | 2,387,765 | ||||||
First Solar Inc.(a) | 13,495 | 3,667,401 | ||||||
Hormel Foods Corp. | 97,271 | 3,013,456 | ||||||
Incyte Corp.(a) | 17,362 | 1,003,350 | ||||||
Insulet Corp.(a) | 2,923 | 517,926 | ||||||
Regeneron Pharmaceuticals Inc.(a) | 3,284 | 3,218,845 | ||||||
Sun Communities Inc. | 15,406 | 1,817,754 | ||||||
United Therapeutics Corp.(a) | 2,655 | 730,470 | ||||||
Vertex Pharmaceuticals Inc.(a) | 7,347 | 3,345,383 | ||||||
Weyerhaeuser Co. | 207,065 | 6,218,162 | ||||||
Xylem Inc./New York | 27,047 | 3,814,168 | ||||||
50,996,913 | ||||||||
Total Common Stocks — 97.8% | ||||||||
(Cost: $293,231,265) | 276,125,704 | |||||||
Rights | ||||||||
France — 0.3% | ||||||||
Alstom SA, (Expires 06/17/24, Strike Price | ||||||||
EUR 13.00)(a) | 900,795 | 966,069 | ||||||
Total Rights — 0.3% | ||||||||
(Cost: $—) | 966,069 | |||||||
Total Long-Term Investments — 98.1% | ||||||||
(Cost: $293,231,265) | 277,091,773 | |||||||
Short-Term Securities | ||||||||
Money Market Funds — 6.5% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency | ||||||||
Shares, 5.49%(d)(e)(f) | 17,900,514 | 17,905,885 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, | ||||||||
5.28%(d)(e) | 430,000 | 430,000 | ||||||
Total Short-Term Securities — 6.5% | ||||||||
(Cost: $18,337,211) | 18,335,885 | |||||||
Total Investments — 104.6% | ||||||||
(Cost: $311,568,476) | 295,427,658 | |||||||
Liabilities in Excess of Other Assets — (4.6)% | (12,969,022 | ) | ||||||
Net Assets — 100.0% | $ | 282,458,636 |
(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) | Affiliate of the Fund. |
(e) | Annualized 7-day yield as of period end. |
(f) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
2
Schedule of Investments (unaudited) (continued) | iShares® MSCI Global Sustainable Development Goals 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 | $ | 8,698,366 | $ | 9,209,577 | (a) | $ | — | $ | (927 | ) | $ | (1,131 | ) | $ | 17,905,885 | 17,900,514 | $ | 57,111 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 310,000 | 120,000 | (a) | — | — | — | 430,000 | 430,000 | 16,556 | — | ||||||||||||||||||||||||||
$ | (927 | ) | $ | (1,131 | ) | $ | 18,335,885 | $ | 73,667 | $ | — |
(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. |
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 | 12 | 06/21/24 | $ | 1,422 | $ | 15,132 | ||||||||
MSCI Emerging Markets Index | 16 | 06/21/24 | 845 | (5,777 | ) | |||||||||
S&P 500 E-Mini Index | 1 | 06/21/24 | 265 | 615 | ||||||||||
$ | 9,970 |
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.
3
Schedule of Investments (unaudited) (continued) | iShares® MSCI Global Sustainable Development Goals 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 | $ | 67,321,670 | $ | 208,804,034 | $ | — | $ | 276,125,704 | ||||||||
Rights | 966,069 | — | — | 966,069 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 18,335,885 | — | — | 18,335,885 | ||||||||||||
$ | 86,623,624 | $ | 208,804,034 | $ | — | $ | 295,427,658 | |||||||||
Derivative Financial Instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Equity Contracts | $ | 15,747 | $ | — | $ | — | $ | 15,747 | ||||||||
Liabilities | ||||||||||||||||
Equity Contracts | (5,777 | ) | — | — | (5,777 | ) | ||||||||||
$ | 9,970 | $ | — | $ | — | $ | 9,970 |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation
JSC | Joint Stock Company |
NVDR | Non-Voting Depositary Receipt |
NVS | Non-Voting Shares |
REIT | Real Estate Investment Trust |
S&P | Standard & Poor's |
4