Schedule of Investments (unaudited) | iShares® MSCI Emerging Markets Multifactor ETF |
May 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Brazil — 1.6% | ||||||||
BB Seguridade Participacoes SA | 906,287 | $ | 5,125,878 | |||||
Telefonica Brasil SA | 656,793 | 7,055,009 | ||||||
Tim SA | 767,880 | 2,326,640 | ||||||
14,507,527 | ||||||||
Chile — 0.3% | ||||||||
Cencosud SA | 1,281,538 | 2,054,245 | ||||||
Cia. Cervecerias Unidas SA | 117,206 | 836,648 | ||||||
2,890,893 | ||||||||
China — 34.7% | ||||||||
360 DigiTech Inc. | 79,321 | 1,247,719 | ||||||
3SBio Inc.(a)(b) | 1,325,000 | 984,396 | ||||||
Alibaba Group Holding Ltd.(b) | 356,148 | 4,277,418 | ||||||
Aluminum Corp. of China Ltd., Class H(b) | 4,846,000 | 2,160,588 | ||||||
Anhui Conch Cement Co. Ltd., Class H | 307,500 | 1,557,508 | ||||||
Autohome Inc., ADR | 68,578 | 2,492,124 | ||||||
AviChina Industry & Technology Co. Ltd., Class H | 606,000 | 349,057 | ||||||
Bank of Communications Co. Ltd., Class H | 11,332,000 | 7,717,841 | ||||||
Baoshan Iron & Steel Co. Ltd., Class A | 1,730,700 | 1,653,682 | ||||||
Beijing Enterprises Holdings Ltd. | 457,500 | 1,601,655 | ||||||
Beijing Enterprises Water Group Ltd. | 1,870,000 | 619,584 | ||||||
Bosideng International Holdings Ltd. | 2,960,000 | 1,575,189 | ||||||
BYD Electronic International Co. Ltd. | 612,500 | 1,359,689 | ||||||
China Cinda Asset Management Co. Ltd., Class H | 10,756,000 | 1,822,907 | ||||||
China CITIC Bank Corp. Ltd., Class H | 10,986,000 | 5,317,471 | ||||||
China Coal Energy Co. Ltd., Class H | 2,532,000 | 2,317,081 | ||||||
China Communications Services Corp. Ltd., Class H | 2,168,000 | 1,015,248 | ||||||
China Construction Bank Corp., Class H | 32,721,000 | 24,256,593 | ||||||
China Everbright Bank Co. Ltd., Class H | 4,027,000 | 1,322,603 | ||||||
China Hongqiao Group Ltd. | 2,952,500 | 3,659,390 | ||||||
China Lesso Group Holdings Ltd. | 984,000 | 1,263,446 | ||||||
China Longyuan Power Group Corp. Ltd., Class H | 4,099,000 | 8,728,472 | ||||||
China Medical System Holdings Ltd. | 1,225,000 | 1,810,145 | ||||||
China Meheco Co. Ltd., Class A | 58,100 | 178,682 | ||||||
China Meidong Auto Holdings Ltd. | 518,000 | 1,858,696 | ||||||
China Merchants Port Holdings Co. Ltd. | 1,200,000 | 2,277,066 | ||||||
China National Building Material Co. Ltd., Class H | 5,016,000 | 6,327,047 | ||||||
China Power International Development Ltd. | 4,829,000 | 2,451,275 | ||||||
China Railway Group Ltd., Class H | 4,927,000 | 3,405,337 | ||||||
China Resources Cement Holdings Ltd. | 3,166,000 | 2,502,585 | ||||||
China Resources Power Holdings Co. Ltd. | 2,492,000 | 5,124,828 | ||||||
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 53,200 | 349,699 | ||||||
China Shenhua Energy Co. Ltd., Class H | 4,144,500 | 13,841,066 | ||||||
China State Construction International Holdings Ltd. | 1,826,000 | 2,146,082 | ||||||
China Taiping Insurance Holdings Co. Ltd. | 1,302,800 | 1,496,085 | ||||||
China Tower Corp. Ltd., Class H(a) | 24,028,000 | 2,815,344 | ||||||
China Traditional Chinese Medicine Holdings Co. Ltd. | 2,510,000 | 1,325,019 | ||||||
Chinasoft International Ltd. | 2,524,000 | 2,319,564 | ||||||
COSCO SHIPPING Holdings Co. Ltd., Class H(b) | 4,119,000 | 7,288,209 | ||||||
COSCO SHIPPING Ports Ltd. | 1,652,000 | 1,245,663 | ||||||
Dali Foods Group Co. Ltd.(a) | 2,659,500 | 1,339,407 | ||||||
Daqo New Energy Corp., ADR(b) | 53,300 | 2,606,370 | ||||||
Dongfeng Motor Group Co. Ltd., Class H | 3,698,000 | 2,904,216 | ||||||
Dongyue Group Ltd. | 1,328,000 | 1,685,158 | ||||||
Far East Horizon Ltd. | 1,368,000 | 1,211,881 | ||||||
Fosun International Ltd. | 3,228,500 | 3,273,523 | ||||||
GF Securities Co. Ltd., Class H | 1,369,400 | 1,808,913 | ||||||
Greentown Service Group Co. Ltd. | 374,000 | 376,993 |
Security | Shares | Value | ||||||
China (continued) | ||||||||
Haitian International Holdings Ltd. | 579,000 | $ | 1,485,222 | |||||
Hengan International Group Co. Ltd. | 579,500 | 2,869,355 | ||||||
Hesteel Co. Ltd., Class A | 694,000 | 243,950 | ||||||
Hopson Development Holdings Ltd.(c) | 645,650 | 1,051,787 | ||||||
Huabao International Holdings Ltd. | 50,000 | 26,889 | ||||||
Huaxin Cement Co. Ltd., Class A | 88,200 | 261,538 | ||||||
Hunan Valin Steel Co. Ltd., Class A | 375,720 | 300,613 | ||||||
Inner Mongolia ERDOS Resources Co. Ltd. | 56,200 | 230,676 | ||||||
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A | 626,300 | 405,273 | ||||||
Inner Mongolia Yitai Coal Co. Ltd., Class B | 962,800 | 1,603,062 | ||||||
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A | 199,700 | 298,466 | ||||||
Jiangsu Expressway Co. Ltd., Class H | 1,544,000 | 1,593,514 | ||||||
Jiangxi Copper Co. Ltd., Class H | 1,372,000 | 2,220,410 | ||||||
JOYY Inc., ADR | 50,270 | 2,130,945 | ||||||
Kingboard Holdings Ltd. | 603,000 | 2,884,992 | ||||||
Kunlun Energy Co. Ltd. | 5,044,000 | 4,323,121 | ||||||
Lenovo Group Ltd. | 8,866,000 | 8,735,743 | ||||||
Li Ning Co. Ltd. | 1,945,000 | 15,175,227 | ||||||
Lufax Holding Ltd., ADR. | 1,090,722 | 6,860,641 | ||||||
Luxi Chemical Group Co. Ltd., Class A | 103,600 | 298,534 | ||||||
Metallurgical Corp. of China Ltd., Class A | 1,328,600 | 701,378 | ||||||
Minth Group Ltd. | 684,000 | 1,773,805 | ||||||
MMG Ltd.(b) | 2,740,000 | 1,166,225 | ||||||
North Industries Group Red Arrow Co. Ltd., Class A(b) | 75,700 | 281,409 | ||||||
Northeast Securities Co. Ltd., Class A | 127,400 | 122,559 | ||||||
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(b) | 467,801 | 233,738 | ||||||
PetroChina Co. Ltd., Class H | 12,930,000 | 6,808,908 | ||||||
PICC Property & Casualty Co. Ltd., Class H | 8,933,000 | 8,650,334 | ||||||
Sailun Group Co. Ltd., Class A | 166,600 | 279,091 | ||||||
Sany Heavy Equipment International Holdings Co. Ltd. | 1,000,000 | 1,006,399 | ||||||
Shaanxi Coal Industry Co. Ltd., Class A | 714,300 | 2,029,851 | ||||||
Shandong Buchang Pharmaceuticals Co. Ltd., Class A | 62,029 | 180,837 | ||||||
Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 2,254,000 | 2,500,474 | ||||||
Shanghai International Port Group Co. Ltd., Class A | 700,700 | 654,474 | ||||||
Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 960,500 | 1,563,863 | ||||||
Shanxi Coking Coal Energy Group Co. Ltd., Class A | 222,800 | 476,272 | ||||||
Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A | 162,700 | 388,257 | ||||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A | 309,700 | 267,145 | ||||||
Shenzhen International Holdings Ltd. | 1,130,000 | 1,088,098 | ||||||
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 90,860 | 296,855 | ||||||
Sichuan Hebang Biotechnology Co. Ltd., Class A | 480,200 | 244,151 | ||||||
Sinopharm Group Co. Ltd., Class H | 1,650,000 | 4,081,164 | ||||||
Sinotrans Ltd., Class A | 311,500 | 184,451 | ||||||
Sinotruk Hong Kong Ltd. | 625,500 | 887,128 | ||||||
Tencent Holdings Ltd. | 415,700 | 19,005,124 | ||||||
Tingyi Cayman Islands Holding Corp. | 2,426,000 | 4,288,675 | ||||||
Tongcheng Travel Holdings Ltd.(b) | 1,105,600 | 2,121,819 | ||||||
Topsports International Holdings Ltd.(a) | 1,686,000 | 1,250,449 | ||||||
TravelSky Technology Ltd., Class H | 845,000 | 1,374,019 | ||||||
Uni-President China Holdings Ltd. | 1,174,000 | 946,382 | ||||||
Vipshop Holdings Ltd., ADR(b)(c) | 408,621 | 3,800,175 | ||||||
Want Want China Holdings Ltd.(c) | 5,882,000 | 5,853,525 | ||||||
Westone Information Industry Inc., Class A | 46,000 | 245,396 | ||||||
Wharf Holdings Ltd. (The) | 1,583,000 | 5,293,131 | ||||||
Wuchan Zhongda Group Co. Ltd., Class A | 282,800 | 214,797 | ||||||
Xiamen Faratronic Co. Ltd. | 12,200 | 319,001 |
1
Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
May 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
China (continued) | ||||||||
Xinjiang Zhongtai Chemical Co. Ltd., Class A | 140,200 | $ | 163,823 | |||||
Xtep International Holdings Ltd. | 1,192,000 | 1,716,485 | ||||||
Yadea Group Holdings Ltd.(a) | 1,086,000 | 1,763,096 | ||||||
Yankuang Energy Group Co. Ltd., Class H | 1,864,000 | 6,123,385 | ||||||
YongXing Special Materials Technology Co. Ltd., Class A | 21,800 | 390,479 | ||||||
Youngor Group Co. Ltd., Class A | 251,800 | 265,103 | ||||||
Yuexiu Property Co. Ltd. | 1,263,400 | 1,372,096 | ||||||
Yum China Holdings Inc. | 155,360 | 7,062,666 | ||||||
Zhejiang Expressway Co. Ltd., Class H | 1,234,000 | 1,089,084 | ||||||
Zhejiang Semir Garment Co. Ltd., Class A | 194,900 | 168,418 | ||||||
Zhejiang Weixing New Building Materials Co. Ltd., Class A | 86,600 | 237,531 | ||||||
Zhongsheng Group Holdings Ltd. | 705,000 | 4,999,783 | ||||||
Zhuzhou CRRC Times Electric Co. Ltd. | 672,300 | 2,875,735 | ||||||
Zhuzhou Kibing Group Co. Ltd., Class A | 146,100 | 240,190 | ||||||
313,315,705 | ||||||||
Egypt — 0.1% | ||||||||
Eastern Co. SAE | 966,825 | 550,228 | ||||||
Greece — 0.2% | ||||||||
JUMBO SA | 104,813 | 1,738,465 | ||||||
Hong Kong — 1.0% | ||||||||
Kingboard Laminates Holdings Ltd. | 848,500 | 1,423,118 | ||||||
Nine Dragons Paper Holdings Ltd. | 1,488,000 | 1,335,681 | ||||||
Orient Overseas International Ltd. | 171,000 | 5,251,682 | ||||||
Vinda International Holdings Ltd.(c) | 346,000 | 866,852 | ||||||
8,877,333 | ||||||||
Hungary — 0.5% | ||||||||
MOL Hungarian Oil & Gas PLC. | 294,474 | 2,112,790 | ||||||
Richter Gedeon Nyrt | 126,682 | 2,478,341 | ||||||
4,591,131 | ||||||||
India — 17.5% | ||||||||
ACC Ltd. | 68,076 | 1,917,787 | ||||||
Adani Enterprises Ltd. | 355,979 | 9,882,294 | ||||||
Adani Total Gas Ltd. | 355,979 | 10,997,254 | ||||||
Ambuja Cements Ltd. | 539,869 | 2,557,297 | ||||||
Apollo Hospitals Enterprise Ltd. | 91,217 | 4,656,722 | ||||||
Aurobindo Pharma Ltd. | 238,963 | 1,630,824 | ||||||
Balkrishna Industries Ltd. | 70,080 | 2,097,389 | ||||||
Cipla Ltd. | 593,914 | 7,581,608 | ||||||
Colgate-Palmolive India Ltd. | 110,924 | 2,318,066 | ||||||
Container Corp. of India Ltd. | 248,488 | 2,076,119 | ||||||
Dr. Reddy's Laboratories Ltd. | 142,910 | 8,007,756 | ||||||
GAIL India Ltd. | 2,012,132 | 3,815,046 | ||||||
HCL Technologies Ltd. | 1,331,995 | 17,762,964 | ||||||
Hero MotoCorp Ltd. | 99,598 | 3,535,888 | ||||||
Hindalco Industries Ltd. | 1,745,643 | 9,500,993 | ||||||
Hindustan Petroleum Corp. Ltd. | 579,724 | 1,698,372 | ||||||
Jubilant Foodworks Ltd. | 358,806 | 2,535,488 | ||||||
Larsen & Toubro Infotech Ltd.(a) | 47,650 | 2,597,923 | ||||||
Marico Ltd. | 468,598 | 3,208,396 | ||||||
Mindtree Ltd. | 59,753 | 2,336,620 | ||||||
Mphasis Ltd. | 76,571 | 2,548,435 | ||||||
MRF Ltd. | 1,730 | 1,727,796 | ||||||
NTPC Ltd. | 3,951,556 | 7,926,364 | ||||||
Page Industries Ltd. | 5,560 | 3,225,009 | ||||||
SRF Ltd. | 134,321 | 4,235,052 | ||||||
Sun Pharmaceutical Industries Ltd. | 589,551 | 6,535,189 | ||||||
Tata Elxsi Ltd. | 28,535 | 3,080,451 |
Security | Shares | Value | ||||||
India (continued) | ||||||||
Tata Steel Ltd. | 679,382 | $ | 9,227,556 | |||||
Tech Mahindra Ltd. | 754,468 | 11,406,960 | ||||||
Vedanta Ltd. | 960,098 | 3,975,353 | ||||||
Wipro Ltd. | 506,842 | 3,080,217 | ||||||
157,683,188 | ||||||||
Indonesia — 1.8% | ||||||||
Adaro Energy Indonesia Tbk PT | 13,044,800 | 2,927,729 | ||||||
Astra International Tbk PT | 7,511,900 | 3,786,603 | ||||||
Gudang Garam Tbk PT | 435,900 | 941,695 | ||||||
Indah Kiat Pulp & Paper Tbk PT | 2,479,100 | 1,402,687 | ||||||
Indofood Sukses Makmur Tbk PT | 3,978,800 | 1,798,181 | ||||||
Sumber Alfaria Trijaya Tbk PT | 14,619,500 | 1,824,805 | ||||||
United Tractors Tbk PT | 1,521,300 | 3,273,478 | ||||||
15,955,178 | ||||||||
Kuwait — 0.8% | ||||||||
Mabanee Co. KPSC | 562,661 | 1,539,875 | ||||||
Mobile Telecommunications Co. KSCP | 2,651,584 | 5,453,136 | ||||||
6,993,011 | ||||||||
Malaysia — 0.1% | ||||||||
Sime Darby Bhd | 2,468,700 | 1,234,299 | ||||||
Mexico — 0.7% | ||||||||
Grupo Carso SAB de CV, Series A1 | 583,700 | 2,405,032 | ||||||
Grupo Financiero Inbursa SAB de CV, Class O(b) | 610,100 | 1,242,799 | ||||||
Grupo Televisa SAB, CPO | 1,480,124 | 3,029,363 | ||||||
6,677,194 | ||||||||
Philippines — 0.0% | ||||||||
Globe Telecom Inc. | 1,050 | 48,557 | ||||||
Poland — 1.1% | ||||||||
Cyfrowy Polsat SA | 231,845 | 1,218,791 | ||||||
KGHM Polska Miedz SA | 181,257 | 6,179,529 | ||||||
Orange Polska SA(b) | 594,686 | 874,733 | ||||||
PGE Polska Grupa Energetyczna SA(b) | 813,379 | 1,923,333 | ||||||
10,196,386 | ||||||||
Qatar — 0.3% | ||||||||
Barwa Real Estate Co. | 1,160,483 | 1,073,769 | ||||||
Qatar Electricity & Water Co. QSC | 326,592 | 1,502,292 | ||||||
2,576,061 | ||||||||
Russia — 0.0% | ||||||||
Inter RAO UES PJSC(d) | 41,455,000 | 6,606 | ||||||
PhosAgro PJSC(d) | 986 | — | ||||||
PhosAgro PJSC, GDR(d) | 153,000 | 1,520 | ||||||
TCS Group Holding PLC, GDR(b)(d) | 135,475 | 22 | ||||||
United Co. RUSAL International PJSC(b)(d) | 3,441,260 | 549 | ||||||
8,697 | ||||||||
Saudi Arabia — 8.8% | ||||||||
Abdullah Al Othaim Markets Co. | 43,391 | 1,279,575 | ||||||
Advanced Petrochemical Co. | 115,461 | 1,800,733 | ||||||
Arab National Bank | 782,742 | 6,530,750 | ||||||
Bank AlBilad(b) | 448,078 | 5,973,577 | ||||||
Banque Saudi Fransi | 766,675 | 10,983,225 | ||||||
Bupa Arabia for Cooperative Insurance Co. | 57,376 | 2,410,845 | ||||||
Co. for Cooperative Insurance (The) | 3,317 | 52,766 | ||||||
Dr Sulaiman Al Habib Medical Services Group Co. | 109,480 | 6,240,744 | ||||||
Jarir Marketing Co. | 53,290 | 2,302,275 | ||||||
Mouwasat Medical Services Co. | 44,408 | 2,585,990 | ||||||
Riyad Bank. | 1,752,144 | 17,916,204 | ||||||
SABIC Agri-Nutrients Co. | 252,124 | 9,874,571 |
2
Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
May 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Saudi Arabia (continued) | ||||||||
Saudi Industrial Investment Group | 335,192 | $ | 2,724,799 | |||||
Saudi Research & Media Group(b) | 32,626 | 2,157,378 | ||||||
Saudi Tadawul Group Holding Co. | 32,626 | 2,028,632 | ||||||
Yanbu National Petrochemical Co. | 310,388 | 4,499,466 | ||||||
79,361,530 | ||||||||
Singapore — 0.2% | ||||||||
BOC Aviation Ltd.(a) | 188,700 | 1,558,232 | ||||||
South Africa — 2.7% | ||||||||
Aspen Pharmacare Holdings Ltd. | 351,625 | 3,626,989 | ||||||
Exxaro Resources Ltd. | 221,600 | 3,142,891 | ||||||
Kumba Iron Ore Ltd. | 83,401 | 3,140,677 | ||||||
Mr. Price Group Ltd. | 232,772 | 3,082,125 | ||||||
Nedbank Group Ltd. | 418,377 | 6,349,034 | ||||||
Pepkor Holdings Ltd.(a) | 1,511,939 | 2,111,761 | ||||||
Reinet Investments SCA | 124,305 | 2,522,691 | ||||||
23,976,168 | ||||||||
South Korea — 12.6% | ||||||||
AMOREPACIFIC Group. | 26,156 | 973,556 | ||||||
BGF retail Co. Ltd. | 7,049 | 1,041,465 | ||||||
Coway Co. Ltd. | 50,163 | 2,886,367 | ||||||
DB Insurance Co. Ltd. | 41,707 | 2,181,249 | ||||||
Doosan Bobcat Inc. | 45,427 | 1,395,268 | ||||||
E-MART Inc. | 18,948 | 1,768,714 | ||||||
F&F Co. Ltd./New. | 15,623 | 1,831,979 | ||||||
GS Holdings Corp. | 42,104 | 1,539,064 | ||||||
Hana Financial Group Inc. | 197,783 | 7,909,994 | ||||||
Hankook Tire & Technology Co. Ltd. | 67,360 | 1,932,491 | ||||||
Hyundai Engineering & Construction Co. Ltd. | 70,644 | 2,472,426 | ||||||
Hyundai Glovis Co. Ltd. | 15,754 | 2,699,522 | ||||||
Hyundai Mobis Co. Ltd. | 79,588 | 14,055,915 | ||||||
Kia Corp. | 300,165 | 20,707,205 | ||||||
Kumho Petrochemical Co. Ltd. | 16,474 | 2,123,136 | ||||||
LG Innotek Co. Ltd. | 12,870 | 3,977,184 | ||||||
LG Uplus Corp. | 193,891 | 2,167,643 | ||||||
Meritz Financial Group Inc. | 30,363 | 802,514 | ||||||
Meritz Fire & Marine Insurance Co. Ltd. | 32,796 | 1,024,544 | ||||||
POSCO Holdings Inc. | 86,801 | 20,175,976 | ||||||
S-1 Corp. | 15,497 | 898,217 | ||||||
Samsung Electronics Co. Ltd. | 294,727 | 16,026,647 | ||||||
SD Biosensor Inc. | 32,758 | 1,320,143 | ||||||
SK Telecom Co. Ltd. | 32,441 | 1,493,764 | ||||||
113,404,983 | ||||||||
Taiwan — 12.1% | ||||||||
AU Optronics Corp. | 7,414,000 | 4,553,231 | ||||||
Compal Electronics Inc. | 3,794,000 | 2,996,783 | ||||||
E Ink Holdings Inc. | 775,000 | 5,420,327 | ||||||
eMemory Technology Inc. | 59,000 | 3,097,113 | ||||||
Innolux Corp. | 9,092,000 | 4,335,723 | ||||||
Lite-On Technology Corp. | 1,810,718 | 3,917,208 | ||||||
momo.com Inc. | 51,000 | 1,455,591 | ||||||
Nanya Technology Corp. | 1,123,000 | 2,584,544 | ||||||
Nien Made Enterprise Co. Ltd. | 159,000 | 1,719,136 | ||||||
Pegatron Corp. | 1,814,000 | 4,329,067 | ||||||
Pou Chen Corp. | 2,003,000 | 2,149,654 | ||||||
Synnex Technology International Corp. | 1,209,000 | 2,908,944 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,215,000 | 41,887,699 | ||||||
United Microelectronics Corp. | 10,223,000 | 18,014,075 |
Security | Shares | Value | ||||||
Taiwan (continued) | ||||||||
Wan Hai Lines Ltd. | 750,100 | $ | 4,014,960 | |||||
Winbond Electronics Corp. | 2,705,000 | 2,730,629 | ||||||
WPG Holdings Ltd. | 297,000 | 538,634 | ||||||
Zhen Ding Technology Holding Ltd. | 601,000 | 2,505,461 | ||||||
109,158,779 | ||||||||
Thailand — 0.9% | ||||||||
JMT Network Services PCL, NVDR | 585,600 | 1,326,242 | ||||||
Krung Thai Bank PCL, NVDR | 3,172,800 | 1,399,032 | ||||||
SCB X PCL, NVS | 1,096,800 | 3,621,812 | ||||||
Srisawad Corp. PCL, NVDR(c) | 467,400 | 756,803 | ||||||
Thai Union Group PCL, NVDR(c) | 2,598,500 | 1,304,577 | ||||||
8,408,466 | ||||||||
Turkey — 0.5% | ||||||||
Ford Otomotiv Sanayi AS | 65,481 | 1,235,909 | ||||||
Haci Omer Sabanci Holding AS | 924,596 | 1,196,100 | ||||||
Turk Hava Yollari AO(b) | 500,271 | 1,521,864 | ||||||
Turkiye Is Bankasi AS, Class C | 1,427,393 | 942,415 | ||||||
4,896,288 | ||||||||
United Arab Emirates — 0.9% | ||||||||
Abu Dhabi Islamic Bank PJSC | 1,317,883 | 2,988,946 | ||||||
Aldar Properties PJSC | 3,491,642 | 5,027,259 | ||||||
8,016,205 | ||||||||
Total Common Stocks — 99.4% | ||||||||
(Cost: $839,932,934) | 896,624,504 | |||||||
Preferred Stocks | ||||||||
Brazil — 0.8% | ||||||||
Itausa SA, Preference Shares, NVS | 3,274,835 | 6,608,172 | ||||||
Total Preferred Stocks — 0.8% | ||||||||
(Cost: $6,260,906) | 6,608,172 | |||||||
Short-Term Securities | ||||||||
Money Market Funds — 0.2% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.87%(e)(f)(g) | 2,188,545 | 2,188,545 | ||||||
Total Short-Term Securities — 0.2% | ||||||||
(Cost: $2,188,042) | 2,188,545 | |||||||
Total Investments in Securities — 100.4% | ||||||||
(Cost: $848,381,882) | 905,421,221 | |||||||
Liabilities in Excess of Other Assets — (0.4)% | (3,589,520 | ) | ||||||
Net Assets — 100.0% | $ | 901,831,701 |
(a) | 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. |
(b) | Non-income producing security. |
(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) | 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. |
3
Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
May 31, 2022 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 08/31/21 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 05/31/22 | Shares Held at 05/31/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 8,548,912 | $ | — | $ | (6,358,593 | )(a) | $ | (813 | ) | $ | (961 | ) | $ | 2,188,545 | 2,188,545 | $ | 40,223 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares(c) | 2,300,000 | — | (2,300,000 | )(a) | — | — | — | — | 1,697 | — | ||||||||||||||||||||||||||
$ | (813 | ) | $ | (961 | ) | $ | 2,188,545 | $ | 41,920 | $ | — | |||||||||||||||||||||||||
(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 Emerging Markets Index | 57 | 06/17/22 | $ | 3,030 | $ | 150,769 |
Fair Value Measurements
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 BlackRock Global Valuation Methodologies Committee’s (the “Global 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 Global 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.
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Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Multifactor ETF |
May 31, 2022 |
Fair Value Measurements (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 | |||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 74,629,021 | $ | 821,986,786 | $ | 8,697 | $ | 896,624,504 | ||||||||
Preferred Stocks | 6,608,172 | — | — | 6,608,172 | ||||||||||||
Money Market Funds | 2,188,545 | — | — | 2,188,545 | ||||||||||||
$ | 83,425,738 | $ | 821,986,786 | $ | 8,697 | $ | 905,421,221 | |||||||||
Derivative financial instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Futures Contracts | $ | 150,769 | $ | — | $ | — | $ | 150,769 |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviations - Equity | |||
ADR | American Depositary Receipt | NVS | Non-Voting Shares |
CPO | Certificates of Participation (Ordinary) | PJSC | Public Joint Stock Company |
GDR | Global Depositary Receipt | ||
NVDR | Non-Voting Depositary Receipt |
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