Schedule of Investments  (unaudited) May 31, 2019 iShares^® Adaptive Currency Hedged MSCI Eurozone ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Investment Companies
Exchange-Traded Funds — 100.1%
iShares MSCI Eurozone ETF(a)		70,125	$	2,659,140
Total Investment Companies — 100.1% (Cost: $2,414,638)				2,659,140
Short-Term Investments
Money Market Funds — 0.1%
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.33%(a)(b)		1,253		1,253
Total Short-Term Investments — 0.1% (Cost: $1,253)				1,253
Total Investments in Securities — 100.2% (Cost: $2,415,891)				2,660,393
Other Assets, Less Liabilities — (0.2)%				(4,173	)
Net Assets — 100.0%			$	2,656,220

^(a) Affiliate of the Fund.

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

Affiliates

Investments in issuers considered to be affiliates of the Fund during the nine months ended May 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 08/31/18		Shares Purchased		Shares Sold			Shares Held at 05/31/19		Value at 05/31/19		Income			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		1,025,692		—		(1,025,692	)(a)		—	$	—	$	967	(b)	$	14		$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,518		—		(265	)(a)		1,253		1,253		34			—			—
iShares MSCI Eurozone ETF		67,550		4,488		(1,913	)		70,125		2,659,140		13,259			(10,504	)		(213,049	)
										$	2,660,393	$	14,260		$	(10,490	)	$	(213,049	)

^(a) Net of purchases and sales.

^(b) Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold		Counterparty	Settlement Date		Unrealized Appreciation (Depreciation)
EUR	2,518,000	USD	2,805,092	MS		06/04/19	$	7,892
USD	1,408,746	EUR	1,259,000	MS		06/04/19		2,254
EUR	54,000	USD	60,389	MS		07/02/19		80
								10,226
USD	1,402,967	EUR	1,259,000	MS		06/04/19		(3,525	)
USD	1,405,481	EUR	1,259,000	MS		07/02/19		(4,360	)
								(7,885	)
	Net unrealized appreciation						$	2,341

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Schedule of Investments  (unaudited) (continued) May 31, 2019 iShares^® Adaptive Currency Hedged MSCI Eurozone ETF

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2019. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2			Level 3		Total
Investments
Assets
Investment Companies	$	2,659,140	$	—		$	—	$	2,659,140
Money Market Funds		1,253		—			—		1,253
	$	2,660,393	$	—		$	—	$	2,660,393
Derivative financial instruments(a)
Assets
Forward Foreign Currency Exchange Contracts	$	—	$	10,226		$	—	$	10,226
Liabilities
Forward Foreign Currency Exchange Contracts		—		(7,885	)		—		(7,885	)
	$	—	$	2,341		$	—	$	2,341

^(a) Shown at the unrealized appreciation (depreciation) on the contracts.

Counterparty Abbreviations
MS	Morgan Stanley & Co. International PLC
Currency Abbreviations
EUR	Euro
USD	United States Dollar

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