Schedule of Investments  (unaudited)  April 30, 2020 iShares^® Edge MSCI Multifactor Intl ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Australia — 13.0%
AGL Energy Ltd.		386,652	$	4,293,273
Aurizon Holdings Ltd.		1,173,880		3,604,449
Bendigo & Adelaide Bank Ltd.		301,166		1,289,514
BHP Group PLC		990,143		16,688,035
BlueScope Steel Ltd.		298,024		1,999,942
CIMIC Group Ltd.		56,459		910,786
Coca-Cola Amatil Ltd.		299,568		1,702,384
Cochlear Ltd.		33,944		4,100,169
Dexus		628,851		3,771,253
Flight Centre Travel Group Ltd.		32,164		231,425
Fortescue Metals Group Ltd.		816,319		6,391,951
GPT Group (The)		1,091,731		3,023,419
Harvey Norman Holdings Ltd.		333,396		606,803
Magellan Financial Group Ltd.		75,287		2,514,796
Medibank Pvt Ltd.		1,622,323		2,867,764
Mirvac Group		2,320,501		3,403,080
Newcrest Mining Ltd.(a)		265,845		4,793,302
Qantas Airways Ltd.		415,455		1,049,914
Rio Tinto Ltd.		220,168		12,614,042
Scentre Group		3,140,792		4,791,125
Sonic Healthcare Ltd.		248,725		4,427,627
Woolworths Group Ltd.		742,554		17,379,868
				102,454,921
Belgium — 2.3%
Ageas		104,199		3,749,142
Colruyt SA		32,737		1,958,500
Groupe Bruxelles Lambert SA		47,149		3,763,690
Proximus SADP		89,527		1,909,207
UCB SA		74,518		6,818,498
				18,199,037
Canada — 13.1%
Air Canada(b)		74,469		1,085,174
Atco Ltd., Class I, NVS		46,154		1,298,938
Canadian Apartment Properties REIT		46,590		1,606,725
CGI Inc.(b)		141,752		9,059,595
CI Financial Corp.		133,589		1,422,500
Constellation Software Inc.		11,877		11,445,855
Empire Co. Ltd., Class A, NVS		103,132		2,281,757
First Capital Real Estate Investment Trust		104,385		1,078,458
Gildan Activewear Inc.		120,383		1,683,169
H&R Real Estate Investment Trust		82,711		587,156
Husky Energy Inc.		240,614		774,358
Hydro One Ltd.(c)		193,677		3,519,499
iA Financial Corp. Inc.		61,678		2,006,717
IGM Financial Inc.		49,994		1,061,106
Intact Financial Corp.		82,014		7,822,020
Kinross Gold Corp.(b)		738,253		4,884,658
Kirkland Lake Gold Ltd.		117,623		4,872,765
Loblaw Companies Ltd.		107,851		5,318,977
Magna International Inc.		173,560		6,777,706
Metro Inc.		150,201		6,193,176
Open Text Corp.		158,488		6,001,994
Power Corp. of Canada		342,488		5,488,882
RioCan REIT		95,594		1,094,312
SmartCentres Real Estate Investment Trust		45,325		695,726
Teck Resources Ltd., Class B		287,863		2,542,985
Thomson Reuters Corp.		117,494		8,295,933

Security	Shares		Value
Canada (continued)
WSP Global Inc.		62,019	$	4,170,917
				103,071,058
Denmark — 0.2%
H Lundbeck A/S		42,068		1,532,463
Finland — 1.2%
Elisa OYJ		84,314		5,119,835
Nokian Renkaat OYJ		74,170		1,586,992
Orion OYJ, Class B		61,642		3,131,414
				9,838,241
France — 6.8%
Alstom SA		32,893		1,345,995
Atos SE		57,796		4,118,555
BioMerieux		24,403		3,028,351
Bouygues SA		133,229		4,101,971
Cie. Generale des Etablissements Michelin SCA		100,611		9,818,750
Eurazeo SE		23,314		1,114,894
Eutelsat Communications SA		103,213		1,157,624
Faurecia SE		43,639		1,580,195
Ipsen SA		22,248		1,650,948
Peugeot SA		346,624		4,964,018
SCOR SE		98,914		2,784,350
Societe Generale SA		476,944		7,449,377
STMicroelectronics NV		401,830		10,435,348
				53,550,376
Germany — 2.2%
Carl Zeiss Meditec AG, Bearer		23,815		2,346,307
Covestro AG(c)		102,857		3,456,386
Deutsche Lufthansa AG, Registered(b)(d)		140,743		1,257,603
Hannover Rueck SE		35,841		5,711,841
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered		7,439		1,636,106
Puma SE		48,986		3,078,687
				17,486,930
Hong Kong — 4.6%
Hang Lung Properties Ltd.		1,204,000		2,519,782
Hongkong Land Holdings Ltd.		688,300		2,897,743
Kerry Properties Ltd.		395,500		1,060,795
Link REIT		1,095,000		9,596,852
Sino Land Co. Ltd.		1,794,000		2,448,821
Swire Pacific Ltd., Class A		284,000		1,820,294
Swire Properties Ltd.(d)		685,600		1,877,740
Vitasoy International Holdings Ltd.		424,000		1,489,620
WH Group Ltd.(c)		5,604,000		5,278,435
Wharf Real Estate Investment Co. Ltd.		725,000		2,989,887
Wheelock & Co. Ltd.		498,000		3,558,776
Yue Yuen Industrial Holdings Ltd.		435,500		683,300
				36,222,045
Israel — 0.3%
Israel Discount Bank Ltd., Class A		709,648		2,324,670
Italy — 0.2%
Leonardo SpA		261,711		1,804,188
Japan — 18.3%
AGC Inc.		108,200		2,730,928
Alfresa Holdings Corp.		110,700		2,233,980
Amada Co. Ltd.		197,300		1,813,680
Astellas Pharma Inc.		1,113,700		18,605,929
Brother Industries Ltd.		129,400		2,221,709

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Schedule of Investments  (unaudited) (continued) April 30, 2020 iShares^® Edge MSCI Multifactor Intl ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Japan (continued)
Calbee Inc.		48,700	$	1,486,936
Chubu Electric Power Co. Inc.		378,900		5,167,865
Credit Saison Co. Ltd.		90,700		1,047,501
Daicel Corp.		146,700		1,201,751
Electric Power Development Co. Ltd.		87,900		1,775,509
Fujitsu Ltd.		116,600		11,487,174
Hino Motors Ltd.		167,500		1,011,876
Hitachi Ltd.		548,100		16,611,887
Japan Airlines Co. Ltd.		67,100		1,217,319
JTEKT Corp.		121,100		901,441
Kakaku.com Inc.		81,100		1,668,490
Kamigumi Co. Ltd.		62,100		1,105,123
Konica Minolta Inc.		262,800		1,034,636
Kurita Water Industries Ltd.		56,300		1,595,259
Marubeni Corp.		920,700		4,511,589
Medipal Holdings Corp.		106,600		2,087,440
Mitsubishi UFJ Lease & Finance Co. Ltd.		232,300		1,127,448
NEC Corp.		149,300		5,815,070
NH Foods Ltd.		50,100		1,806,102
Nippon Telegraph & Telephone Corp.		757,900		17,314,721
Obayashi Corp.		385,500		3,431,954
ORIX Corp.		126,200		1,521,221
Shimamura Co. Ltd.		14,700		934,774
Shinsei Bank Ltd.(b)		93,100		1,136,162
Sumitomo Dainippon Pharma Co. Ltd.		94,500		1,323,804
Sumitomo Heavy Industries Ltd.		64,100		1,375,091
Sumitomo Rubber Industries Ltd.		99,600		980,772
Sundrug Co. Ltd.		42,900		1,482,354
Suzuken Co. Ltd.		43,400		1,688,353
Toho Gas Co. Ltd.		45,800		2,252,845
Tohoku Electric Power Co. Inc.		251,200		2,379,629
Tokyo Electric Power Co. Holdings Inc.(b)		902,500		3,063,613
Tokyo Gas Co. Ltd.		223,500		4,928,349
Toppan Printing Co. Ltd.		162,500		2,449,619
Tosoh Corp.		153,400		1,906,472
Toyo Suisan Kaisha Ltd.		53,400		2,576,743
Toyoda Gosei Co. Ltd.		38,300		721,337
Yamazaki Baking Co. Ltd.		70,800		1,257,298
Yokohama Rubber Co. Ltd. (The)		64,400		837,709
				143,829,462
Netherlands — 8.7%
Aegon NV		1,049,644		2,701,736
AerCap Holdings NV(b)		70,904		1,993,821
EXOR NV		64,615		3,530,855
Koninklijke Ahold Delhaize NV		698,643		16,957,354
Koninklijke Philips NV		475,292		20,675,123
Koninklijke Vopak NV		42,554		2,452,586
NN Group NV		180,472		5,220,490
Randstad NV		70,826		2,841,598
Wolters Kluwer NV		164,701		12,108,245
				68,481,808
New Zealand — 0.5%
Mercury NZ Ltd.		389,159		1,096,019
Spark New Zealand Ltd.		1,095,100		2,999,761
				4,095,780
Singapore — 1.4%
ComfortDelGro Corp. Ltd.		1,251,400		1,466,797
Mapletree Commercial Trust.		1,166,500		1,624,167
Singapore Airlines Ltd.(d)		311,700		1,352,907

Security	Shares		Value
Singapore (continued)
Singapore Exchange Ltd.		495,400	$	3,396,043
Venture Corp. Ltd.		161,500		1,818,409
Yangzijiang Shipbuilding Holdings Ltd.		1,402,300		981,222
				10,639,545
Spain — 1.6%
Enagas SA		76,100		1,774,571
Mapfre SA		693,118		1,268,577
Red Electrica Corp. SA		264,663		4,654,109
Repsol SA		536,058		4,881,517
				12,578,774
Sweden — 1.4%
Boliden AB		161,144		3,304,647
ICA Gruppen AB		53,037		2,314,314
Kinnevik AB, Class B		144,635		2,991,264
L E Lundbergforetagen AB, Class B		44,757		1,888,856
Millicom International Cellular SA, SDR		21,053		553,958
				11,053,039
Switzerland — 9.8%
Adecco Group AG, Registered		91,511		4,011,636
Baloise Holding AG, Registered		28,525		4,270,696
Coca-Cola HBC AG		116,602		2,963,581
Pargesa Holding SA, Bearer		22,894		1,628,424
Roche Holding AG, NVS		104,235		36,228,183
SGS SA, Registered		3,114		7,049,775
Sonova Holding AG, Registered		32,754		5,915,166
Swiss Life Holding AG, Registered		19,835		7,026,458
Swisscom AG, Registered		15,364		7,988,038
				77,081,957
United Kingdom — 12.8%
3i Group PLC		576,331		5,699,331
Barratt Developments PLC		598,548		3,918,340
Berkeley Group Holdings PLC		70,185		3,703,122
Burberry Group PLC		242,255		4,247,402
Carnival PLC		94,103		1,300,324
Direct Line Insurance Group PLC		818,171		2,812,201
easyJet PLC		94,450		718,620
Evraz PLC		302,111		1,010,592
Ferguson PLC		135,286		9,788,087
Fiat Chrysler Automobiles NV		639,855		5,617,878
Halma PLC		67,305		1,774,310
Hargreaves Lansdown PLC		169,385		3,077,684
J Sainsbury PLC		1,038,023		2,593,745
JD Sports Fashion PLC		257,481		1,719,352
Kingfisher PLC		1,238,729		2,457,768
M&G PLC		1,526,206		2,545,919
Marks & Spencer Group PLC		1,175,741		1,365,863
Meggitt PLC		456,896		1,609,623
Pearson PLC		464,889		2,696,212
Persimmon PLC		187,294		5,209,167
Rio Tinto PLC		419,470		19,494,642
Smith & Nephew PLC		514,787		10,116,513
Taylor Wimpey PLC		1,949,559		3,616,073
Wm Morrison Supermarkets PLC		1,424,011		3,287,004
				100,379,772
Total Common Stocks — 98.4% (Cost: $950,849,748)				774,624,066

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Schedule of Investments  (unaudited) (continued) April 30, 2020 iShares^® Edge MSCI Multifactor Intl ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Preferred Stocks
Germany — 0.6%
Porsche Automobil Holding SE, Preference Shares, NVS		89,961	$	4,535,532
Total Preferred Stocks — 0.6% (Cost: $7,178,212)				4,535,532
Short-Term Investments
Money Market Funds — 0.2%
BlackRock Cash Funds: Institutional, SL Agency Shares,     0.89%(e)(f)(g)		1,611,130		1,612,902
BlackRock Cash Funds: Treasury, SL Agency Shares,     0.18%(e)(f)		198,000		198,000
				1,810,902
Total Short-Term Investments — 0.2% (Cost: $1,808,803)				1,810,902
Total Investments in Securities — 99.2% (Cost: $959,836,763)				780,970,500
Other Assets, Less Liabilities — 0.8%				6,270,852
Net Assets — 100.0%			$	787,241,352

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

^(b)  Non-income producing security.

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

^(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 cash collateral received from loaned securities.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the nine months ended April 30, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 07/31/19	Net Activity		Shares Held at 04/30/20		Value at 04/30/20		Income			Net Realized Gain (Loss)	(a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares	2,241,970	(630,840	)	1,611,130	$	1,612,902	$	25,668	(b)	$	(545	)	$	1,651
BlackRock Cash Funds: Treasury, SL Agency Shares	860,000	(662,000	)	198,000		198,000		4,619			—			—
					$	1,810,902	$	30,287		$	(545	)	$	1,651

^(a)  Includes realized capital gain distributions from an affiliated fund, if any.

^(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.

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
ASX SPI 200 Index		20		06/18/20	$	1,813	$	165,329
Euro STOXX 50 Index		72		06/19/20		2,277		223,729
FTSE 100 Index		29		06/19/20		2,153		195,569
TOPIX Index		13		06/11/20		1,768		143,725
							$	728,352

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 iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

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Schedule of Investments  (unaudited) (continued) April 30, 2020 iShares^® Edge MSCI Multifactor Intl ETF

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of April 30, 2020. 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
Common Stocks	$	736,506,462	$	33,324,302	$	4,793,302	$	774,624,066
Preferred Stocks		4,535,532		—		—		4,535,532
Money Market Funds		1,810,902		—		—		1,810,902
	$	742,852,896	$	33,324,302	$	4,793,302	$	780,970,500
Derivative financial instruments(a)
Assets
Futures Contracts	$	728,352	$	—	$	—	$	728,352

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

Portfolio Abbreviations — Equity
NVS	Non-Voting Shares
SDR	Swedish Depositary Receipt

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