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 |
1
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 |
2
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 |
3
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. |
4
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.
5
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 |
6