iShares

®

Paris-Aligned

Climate

MSCI

USA

ETF

Schedule

of

Investments

(unaudited)

November

30,

2022

(Percentages

shown

are

based

on

Net

Assets)

1

Schedule

of

Investments

Security

Shares

Value

a

Common

Stocks

Aerospace

&

Defense

 — 

0

.8

%

HEICO

Corp.

...........................

15,789

$

2,562,712

HEICO

Corp.

,

Class

A

......................

3,028

383,890

Howmet

Aerospace,

Inc.

....................

26,673

1,004,772

L3Harris

Technologies,

Inc.

..................

6,722

1,526,432

TransDigm

Group,

Inc.

.....................

2,492

1,566,222

7,044,028

a

Automobiles

 — 

2

.6

%

Ford

Motor

Co.

..........................

142,322

1,978,276

Lucid

Group,

Inc.

(a)

(b)

.......................

160,681

1,629,305

Rivian

Automotive,

Inc.

,

Class

A

(a)

..............

31,911

1,022,429

Tesla,

Inc.

(a)

.............................

95,419

18,578,079

23,208,089

a

Banks

 — 

2

.3

%

Bank

of

America

Corp.

.....................

43,409

1,643,031

First

Republic

Bank

.......................

16,013

2,043,419

JPMorgan

Chase

&

Co.

....................

74,492

10,293,304

KeyCorp

...............................

56,149

1,056,163

M&T

Bank

Corp.

.........................

6,132

1,042,563

PNC

Financial

Services

Group,

Inc.

(The)

........

7,835

1,318,317

SVB

Financial

Group

(a)

.....................

5,172

1,198,766

U.S.

Bancorp

...........................

45,776

2,077,772

20,673,335

a

Beverages

 — 

1

.4

%

Brown-Forman

Corp.

,

Class

B

,

NVS

............

42,753

3,121,824

Coca-Cola

Co.

(The)

......................

110,306

7,016,565

Keurig

Dr

Pepper,

Inc.

.....................

30,936

1,196,295

Monster

Beverage

Corp.

(a)

...................

17,983

1,849,731

13,184,415

a

Biotechnology

 — 

2

.3

%

AbbVie,

Inc.

............................

45,897

7,397,679

Alnylam

Pharmaceuticals,

Inc.

(a)

...............

5,243

1,156,553

Amgen,

Inc.

............................

9,316

2,668,102

Biogen,

Inc.

(a)

...........................

4,629

1,412,632

BioMarin

Pharmaceutical,

Inc.

(a)

...............

10,672

1,077,659

Exact

Sciences

Corp.

(a)

.....................

5,459

245,382

Horizon

Therapeutics

PLC

(a)

.................

1,715

171,997

Moderna,

Inc.

(a)

..........................

7,835

1,378,255

Neurocrine

Biosciences,

Inc.

(a)

................

4,060

515,864

Regeneron

Pharmaceuticals,

Inc.

(a)

.............

3,343

2,512,933

Seagen,

Inc.

(a)

...........................

2,472

300,076

Vertex

Pharmaceuticals,

Inc.

(a)

................

7,692

2,433,749

21,270,881

a

Building

Products

 — 

0

.2

%

A

O

Smith

Corp.

.........................

6,467

392,806

Allegion

PLC

............................

7,131

810,438

Fortune

Brands

Home

&

Security,

Inc.

...........

5,768

376,881

Masco

Corp.

............................

8,560

434,677

2,014,802

a

Capital

Markets

 — 

4

.5

%

Ameriprise

Financial,

Inc.

...................

1,192

395,684

Bank

of

New

York

Mellon

Corp.

(The)

...........

38,969

1,788,677

BlackRock,

Inc.

(c)

.........................

6,674

4,778,584

Blackstone,

Inc.

,

NVS

......................

19,802

1,812,477

Cboe

Global

Markets,

Inc.

...................

7,118

902,847

Charles

Schwab

Corp.

(The)

.................

68,674

5,668,352

CME

Group,

Inc.

,

Class

A

...................

17,529

3,093,869

FactSet

Research

Systems,

Inc.

...............

2,747

1,267,164

Intercontinental

Exchange,

Inc.

...............

23,428

2,537,487

Security

Shares

Value

a

Capital

Markets

(continued)

Invesco

Ltd.

............................

17,557

$

335,514

KKR

&

Co.,

Inc.

..........................

14,485

752,061

MarketAxess

Holdings,

Inc.

..................

2,150

576,028

Moody's

Corp.

...........................

13,431

4,006,064

Nasdaq,

Inc.

............................

20,848

1,427,254

Northern

Trust

Corp.

.......................

11,973

1,114,806

Raymond

James

Financial,

Inc.

...............

1,771

207,030

S&P

Global,

Inc.

.........................

20,602

7,268,386

SEI

Investments

Co.

.......................

18,282

1,138,603

T

Rowe

Price

Group,

Inc.

...................

11,720

1,463,945

Tradeweb

Markets,

Inc.

,

Class

A

...............

1,958

120,339

40,655,171

a

Chemicals

 — 

2

.0

%

Albemarle

Corp.

.........................

3,006

835,638

International

Flavors

&

Fragrances,

Inc.

..........

1,282

135,661

PPG

Industries,

Inc.

.......................

750

101,415

Sherwin-Williams

Co.

(The)

..................

68,461

17,059,112

18,131,826

a

Commercial

Services

&

Supplies

 — 

0

.6

%

Cintas

Corp.

............................

5,122

2,365,237

Copart,

Inc.

(a)

...........................

17,192

1,144,299

Rollins,

Inc.

.............................

45,333

1,833,267

5,342,803

a

Communications

Equipment

 — 

1

.7

%

Cisco

Systems,

Inc.

.......................

153,261

7,620,137

Juniper

Networks,

Inc.

.....................

118,755

3,947,416

Motorola

Solutions,

Inc.

....................

14,049

3,824,138

15,391,691

a

Consumer

Finance

 — 

0

.4

%

American

Express

Co.

.....................

18,864

2,972,778

Discover

Financial

Services

..................

9,210

997,995

3,970,773

a

Distributors

 — 

0

.0

%

Pool

Corp.

.............................

539

177,552

a

Diversified

Financial

Services

 — 

0

.6

%

Berkshire

Hathaway,

Inc.

,

Class

B

(a)

............

15,371

4,897,201

Equitable

Holdings,

Inc.

....................

17,245

547,356

5,444,557

a

Electric

Utilities

 — 

1

.2

%

Edison

International

.......................

164,859

10,989,501

a

Electrical

Equipment

 — 

1

.1

%

AMETEK,

Inc.

...........................

12,207

1,738,521

Eaton

Corp.

PLC

.........................

29,761

4,864,435

Generac

Holdings,

Inc.

(a)

....................

3,955

417,332

Plug

Power,

Inc.

(a)

(b)

.......................

91,828

1,465,575

Rockwell

Automation,

Inc.

...................

7,486

1,977,951

10,463,814

a

Electronic

Equipment,

Instruments

&

Components

 — 

1

.2

%

Amphenol

Corp.

,

Class

A

...................

14,417

1,159,559

CDW

Corp.

.............................

13,048

2,461,375

Cognex

Corp.

...........................

6,592

328,150

Keysight

Technologies,

Inc.

(a)

.................

12,031

2,176,287

TE

Connectivity

Ltd.

.......................

4,230

533,488

Teledyne

Technologies,

Inc.

(a)

.................

5,513

2,316,011

Trimble,

Inc.

(a)

...........................

25,261

1,509,345

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

iShares

®

Paris-Aligned

Climate

MSCI

USA

ETF

(Percentages

shown

are

based

on

Net

Assets)

2

Security

Shares

Value

a

Electronic

Equipment,

Instruments

&

Components

(continued)

Zebra

Technologies

Corp.

,

Class

A

(a)

............

1,300

$

351,364

10,835,579

a

Entertainment

 — 

1

.3

%

Activision

Blizzard,

Inc.

.....................

22,592

1,670,679

Liberty

Media

Corp.-Liberty

Formula

One

,

Series

C

,

NVS

(a)

...............................

10,845

660,894

Live

Nation

Entertainment,

Inc.

(a)

..............

7,857

571,675

Netflix,

Inc.

(a)

............................

12,824

3,918,117

Roku,

Inc.

,

Class

A

(a)

(b)

.....................

1,584

94,042

Take-Two

Interactive

Software,

Inc.

(a)

............

1,800

190,242

Walt

Disney

Co.

(The)

(a)

....................

52,760

5,163,621

12,269,270

a

Equity

Real

Estate

Investment

Trusts

(REITs)

 — 

6

.7

%

American

Tower

Corp.

.....................

14,849

3,285,341

AvalonBay

Communities,

Inc.

................

28,580

4,998,642

Boston

Properties,

Inc.

.....................

58,076

4,186,118

Crown

Castle,

Inc.

........................

19,364

2,738,651

Digital

Realty

Trust,

Inc.

....................

63,712

7,165,051

Equinix,

Inc.

............................

8,420

5,815,273

Equity

Residential

........................

19,917

1,291,817

Essex

Property

Trust,

Inc.

...................

5,233

1,153,249

Extra

Space

Storage,

Inc.

...................

7,787

1,251,293

Healthpeak

Properties,

Inc.

..................

126,486

3,321,522

Medical

Properties

Trust,

Inc.

.................

90,165

1,182,965

Prologis,

Inc.

............................

95,220

11,215,964

Public

Storage

...........................

10,374

3,091,037

Realty

Income

Corp.

.......................

59,177

3,732,293

Regency

Centers

Corp.

....................

19,512

1,296,182

SBA

Communications

Corp.

,

Class

A

............

3,779

1,131,055

Simon

Property

Group,

Inc.

..................

11,624

1,388,371

Sun

Communities,

Inc.

.....................

1,077

158,211

Ventas,

Inc.

............................

17,211

800,828

Welltower,

Inc.

...........................

21,332

1,515,212

WP

Carey,

Inc.

..........................

5,873

462,792

61,181,867

a

Food

Products

 — 

0

.2

%

Darling

Ingredients,

Inc.

(a)

...................

16,777

1,205,092

Hershey

Co.

(The)

........................

3,742

880,006

2,085,098

a

Health

Care

Equipment

&

Supplies

 — 

3

.7

%

ABIOMED,

Inc.

(a)

.........................

3,006

1,135,637

Align

Technology,

Inc.

(a)

.....................

1,685

331,372

Baxter

International,

Inc.

....................

1,648

93,162

Becton

Dickinson

and

Co.

...................

6,054

1,509,504

Boston

Scientific

Corp.

(a)

....................

48,256

2,184,549

Cooper

Companies,

Inc.

(The)

................

3,326

1,052,180

Dexcom,

Inc.

(a)

..........................

12,336

1,434,430

Edwards

Lifesciences

Corp.

(a)

................

85,847

6,631,681

Hologic,

Inc.

(a)

...........................

14,037

1,069,058

IDEXX

Laboratories,

Inc.

(a)

...................

11,162

4,753,561

Insulet

Corp.

(a)

...........................

2,227

666,697

Intuitive

Surgical,

Inc.

(a)

.....................

9,246

2,500,026

Masimo

Corp.

(a)

..........................

1,482

214,801

Medtronic

PLC

..........................

46,881

3,705,474

Novocure

Ltd.

(a)

(b)

.........................

2,308

177,347

ResMed,

Inc.

...........................

7,853

1,807,761

Stryker

Corp.

...........................

11,842

2,769,725

Teleflex,

Inc.

............................

2,510

587,641

Zimmer

Biomet

Holdings,

Inc.

................

8,782

1,054,718

33,679,324

a

Security

Shares

Value

a

Health

Care

Providers

&

Services

 — 

2

.3

%

Elevance

Health,

Inc.

......................

7,377

$

3,931,351

Humana,

Inc.

...........................

4,266

2,345,873

Laboratory

Corp.

of

America

Holdings

...........

1,049

252,494

Molina

Healthcare,

Inc.

(a)

....................

539

181,519

Quest

Diagnostics,

Inc.

.....................

2,571

390,355

UnitedHealth

Group,

Inc.

....................

24,422

13,377,395

20,478,987

a

Health

Care

Technology

 — 

0

.1

%

Veeva

Systems,

Inc.

,

Class

A

(a)

...............

4,427

842,724

a

Hotels,

Restaurants

&

Leisure

 — 

2

.7

%

Airbnb,

Inc.

,

Class

A

(a)

......................

892

91,109

Booking

Holdings,

Inc.

(a)

....................

735

1,528,396

Caesars

Entertainment,

Inc.

(a)

................

5,125

260,401

Chipotle

Mexican

Grill,

Inc.

(a)

.................

559

909,471

Hilton

Worldwide

Holdings,

Inc.

...............

5,127

731,213

Marriott

International,

Inc.

,

Class

A

.............

4,255

703,564

McDonald's

Corp.

........................

48,972

13,359,072

Starbucks

Corp.

..........................

39,938

4,081,663

Vail

Resorts,

Inc.

.........................

391

100,698

Wynn

Resorts

Ltd.

(a)

.......................

2,884

241,275

Yum!

Brands,

Inc.

........................

17,133

2,204,332

24,211,194

a

Household

Durables

 — 

0

.4

%

DR

Horton,

Inc.

..........................

5,131

441,266

Garmin

Ltd.

.............................

16,117

1,498,720

NVR,

Inc.

(a)

.............................

260

1,206,142

PulteGroup,

Inc.

.........................

2,050

91,799

3,237,927

a

Household

Products

 — 

0

.7

%

Church

&

Dwight

Co.,

Inc.

...................

7,933

649,475

Clorox

Co.

(The)

.........................

1,746

259,543

Colgate-Palmolive

Co.

.....................

27,670

2,143,872

Procter

&

Gamble

Co.

(The)

.................

22,002

3,281,818

6,334,708

a

Industrial

Conglomerates

 — 

0

.2

%

General

Electric

Co.

.......................

18,301

1,573,337

a

Insurance

 — 

3

.7

%

Aflac,

Inc.

..............................

70,418

5,065,167

Allstate

Corp.

(The)

.......................

11,054

1,480,131

American

Financial

Group,

Inc.

...............

17,704

2,517,863

Arch

Capital

Group

Ltd.

(a)

...................

34,680

2,077,679

Arthur

J

Gallagher

&

Co.

....................

2,626

522,863

Assurant,

Inc.

...........................

5,722

733,675

Brown

&

Brown,

Inc.

.......................

25,967

1,547,373

Chubb

Ltd.

.............................

18,462

4,054,071

Cincinnati

Financial

Corp.

...................

12,711

1,410,412

Erie

Indemnity

Co.

,

Class

A

,

NVS

..............

3,173

896,023

Globe

Life,

Inc.

..........................

6,091

730,676

Hartford

Financial

Services

Group,

Inc.

(The)

......

21,135

1,614,080

Markel

Corp.

(a)

...........................

1,295

1,715,668

Marsh

&

McLennan

Companies,

Inc.

............

19,662

3,405,065

MetLife,

Inc.

............................

25,842

1,982,081

Progressive

Corp.

(The)

....................

19,444

2,569,525

Willis

Towers

Watson

PLC

...................

5,949

1,464,406

33,786,758

a

Interactive

Media

&

Services

 — 

3

.8

%

Alphabet,

Inc.

,

Class

A

(a)

....................

70,510

7,120,805

Alphabet,

Inc.

,

Class

C

,

NVS

(a)

................

180,685

18,330,493

Match

Group,

Inc.

(a)

.......................

8,169

413,025

iShares

®

Paris-Aligned

Climate

MSCI

USA

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

(Percentages

shown

are

based

on

Net

Assets)

3

Schedule

of

Investments

Security

Shares

Value

a

Interactive

Media

&

Services

(continued)

Meta

Platforms,

Inc.

,

Class

A

(a)

................

67,134

$

7,928,525

Pinterest,

Inc.

,

Class

A

(a)

....................

9,483

241,058

Snap,

Inc.

,

Class

A

,

NVS

(a)

..................

20,984

216,345

34,250,251

a

Internet

&

Direct

Marketing

Retail

 — 

3

.1

%

Amazon.com,

Inc.

(a)

.......................

238,194

22,995,249

eBay,

Inc.

..............................

36,539

1,660,332

Etsy,

Inc.

(a)

.............................

9,552

1,261,724

MercadoLibre,

Inc.

(a)

.......................

2,007

1,868,487

27,785,792

a

IT

Services

 — 

4

.2

%

Accenture

PLC

,

Class

A

....................

14,539

4,375,221

Automatic

Data

Processing,

Inc.

...............

13,319

3,518,081

Fidelity

National

Information

Services,

Inc.

........

7,769

563,874

Fiserv,

Inc.

(a)

............................

20,606

2,150,442

FleetCor

Technologies,

Inc.

(a)

.................

3,607

707,693

Gartner,

Inc.

(a)

...........................

581

203,565

Global

Payments,

Inc.

.....................

7,854

815,088

International

Business

Machines

Corp.

..........

950

141,455

Jack

Henry

&

Associates,

Inc.

................

909

172,119

Mastercard,

Inc.

,

Class

A

....................

21,536

7,675,431

Okta,

Inc.

,

Class

A

(a)

.......................

2,130

113,572

Paychex,

Inc.

...........................

23,074

2,861,868

PayPal

Holdings,

Inc.

(a)

.....................

25,727

2,017,254

Snowflake,

Inc.

,

Class

A

(a)

...................

573

81,882

SS&C

Technologies

Holdings,

Inc.

.............

1,542

82,898

VeriSign,

Inc.

(a)

..........................

6,264

1,251,610

Visa,

Inc.

,

Class

A

........................

53,789

11,672,213

38,404,266

a

Leisure

Products

 — 

0

.0

%

Hasbro,

Inc.

............................

7,270

456,701

a

Life

Sciences

Tools

&

Services

 — 

2

.8

%

Avantor,

Inc.

(a)

...........................

4,532

100,973

Bio-Rad

Laboratories,

Inc.

,

Class

A

(a)

............

1,420

588,888

Bio-Techne

Corp.

.........................

38,828

3,299,992

Danaher

Corp.

..........................

18,459

5,046,875

Illumina,

Inc.

(a)

...........................

8,063

1,758,379

IQVIA

Holdings,

Inc.

(a)

......................

1,097

239,168

Mettler-Toledo

International,

Inc.

(a)

.............

2,084

3,062,563

PerkinElmer,

Inc.

.........................

15,504

2,166,374

Thermo

Fisher

Scientific,

Inc.

.................

13,237

7,415,632

Waters

Corp.

(a)

..........................

961

333,083

West

Pharmaceutical

Services,

Inc.

............

7,518

1,764,174

25,776,101

a

Machinery

 — 

2

.6

%

Deere

&

Co.

............................

958

422,478

Fortive

Corp.

............................

41,073

2,774,481

IDEX

Corp.

.............................

15,322

3,638,822

Illinois

Tool

Works,

Inc.

.....................

15,598

3,548,077

Ingersoll

Rand,

Inc.

.......................

17,068

921,160

Pentair

PLC

............................

29,848

1,366,143

Stanley

Black

&

Decker,

Inc.

.................

4,480

366,106

Westinghouse

Air

Brake

Technologies

Corp.

.......

2,060

208,245

Xylem,

Inc.

.............................

90,107

10,123,521

23,369,033

a

Media

 — 

1

.2

%

Charter

Communications,

Inc.

,

Class

A

(a)

.........

4,431

1,733,806

Comcast

Corp.

,

Class

A

....................

72,125

2,642,660

Fox

Corp.

,

Class

A

,

NVS

....................

8,240

267,388

Fox

Corp.

,

Class

B

........................

13,184

402,376

Security

Shares

Value

a

Media

(continued)

Liberty

Broadband

Corp.

,

Class

C

,

NVS

(a)

........

25,253

$

2,294,487

Liberty

Media

Corp.-Liberty

SiriusXM

,

Series

C

,

NVS

(a)

25,626

1,123,188

Paramount

Global

,

Class

B

,

NVS

..............

14,008

281,281

Sirius

XM

Holdings,

Inc.

(b)

...................

233,369

1,514,565

Trade

Desk,

Inc.

(The)

,

Class

A

(a)

..............

8,482

442,251

10,702,002

a

Mortgage

Real

Estate

Investment

Trusts

(REITs)

 — 

0

.1

%

Annaly

Capital

Management,

Inc.

..............

25,945

562,228

a

Multiline

Retail

 — 

0

.3

%

Dollar

General

Corp.

......................

9,099

2,326,432

a

Oil,

Gas

&

Consumable

Fuels

 — 

0

.0

%

Texas

Pacific

Land

Corp.

....................

134

347,400

a

Personal

Products

 — 

0

.1

%

Estee

Lauder

Companies,

Inc.

(The)

,

Class

A

......

3,012

710,199

a

Pharmaceuticals

 — 

7

.0

%

Bristol-Myers

Squibb

Co.

....................

68,291

5,482,401

Catalent,

Inc.

(a)

..........................

8,802

441,244

Elanco

Animal

Health,

Inc.

(a)

..................

34,026

437,915

Eli

Lilly

&

Co.

...........................

32,276

11,976,978

Jazz

Pharmaceuticals

PLC

(a)

.................

6,891

1,081,267

Johnson

&

Johnson

.......................

63,748

11,347,144

Merck

&

Co.,

Inc.

.........................

89,888

9,898,467

Pfizer,

Inc.

.............................

187,573

9,403,034

Royalty

Pharma

PLC

,

Class

A

................

71,374

3,138,315

Zoetis,

Inc.

,

Class

A

.......................

70,020

10,792,883

63,999,648

a

Professional

Services

 — 

0

.5

%

Booz

Allen

Hamilton

Holding

Corp.

,

Class

A

.......

4,615

491,036

CoStar

Group,

Inc.

(a)

.......................

14,650

1,187,236

Equifax,

Inc.

............................

5,018

990,403

Robert

Half

International,

Inc.

.................

4,824

380,035

Verisk

Analytics,

Inc.

.......................

6,985

1,283,214

4,331,924

a

Real

Estate

Management

&

Development

 — 

0

.2

%

CBRE

Group,

Inc.

,

Class

A

(a)

.................

27,563

2,194,015

Zillow

Group,

Inc.

,

Class

C

,

NVS

(a)

.............

2,761

104,863

2,298,878

a

Road

&

Rail

 — 

0

.8

%

AMERCO

,

Series

N

,

NVS

(a)

..................

25,706

1,623,848

Old

Dominion

Freight

Line,

Inc.

...............

6,225

1,883,747

Uber

Technologies,

Inc.

(a)

...................

37,374

1,089,078

Union

Pacific

Corp.

.......................

10,408

2,263,012

6,859,685

a

Semiconductors

&

Semiconductor

Equipment

 — 

6

.6

%

Advanced

Micro

Devices,

Inc.

(a)

...............

43,193

3,353,072

Analog

Devices,

Inc.

.......................

38,615

6,638,305

Applied

Materials,

Inc.

.....................

11,152

1,222,259

Broadcom,

Inc.

..........................

2,745

1,512,577

Enphase

Energy,

Inc.

(a)

.....................

20,008

6,414,365

First

Solar,

Inc.

(a)

.........................

11,591

1,999,795

Intel

Corp.

.............................

105,997

3,187,330

KLA

Corp.

..............................

3,985

1,566,703

Marvell

Technology,

Inc.

....................

53,634

2,495,054

NVIDIA

Corp.

...........................

81,665

13,820,168

QUALCOMM,

Inc.

........................

37,751

4,775,124

Skyworks

Solutions,

Inc.

....................

3,877

370,719

SolarEdge

Technologies,

Inc.

(a)

................

15,089

4,509,498

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

iShares

®

Paris-Aligned

Climate

MSCI

USA

ETF

(Percentages

shown

are

based

on

Net

Assets)

4

Security

Shares

Value

a

Semiconductors

&

Semiconductor

Equipment

(continued)

Texas

Instruments,

Inc.

.....................

42,483

$

7,666,482

59,531,451

a

Software

 — 

10

.1

%

Adobe,

Inc.

(a)

............................

20,837

7,187,306

ANSYS,

Inc.

(a)

...........................

2,179

554,120

Autodesk,

Inc.

(a)

(b)

.........................

5,804

1,172,118

Fortinet,

Inc.

(a)

...........................

19,094

1,015,037

Intuit,

Inc.

..............................

14,644

5,968,748

Microsoft

Corp.

..........................

215,977

55,104,372

Oracle

Corp.

............................

52,993

4,400,009

Palo

Alto

Networks,

Inc.

(a)

...................

8,876

1,508,032

Paycom

Software,

Inc.

(a)

....................

412

139,709

Roper

Technologies,

Inc.

....................

3,783

1,660,321

Salesforce,

Inc.

(a)

.........................

28,287

4,532,992

ServiceNow,

Inc.

(a)

........................

15,879

6,610,428

Splunk,

Inc.

(a)

...........................

5,705

443,164

Tyler

Technologies,

Inc.

(a)

...................

976

334,514

Workday,

Inc.

,

Class

A

(a)

....................

3,794

637,012

Zoom

Video

Communications,

Inc.

,

Class

A

(a)

......

6,690

504,627

91,772,509

a

Specialty

Retail

 — 

2

.5

%

Burlington

Stores,

Inc.

(a)

....................

3,193

624,806

Home

Depot,

Inc.

(The)

....................

30,214

9,789,034

Lowe's

Companies,

Inc.

....................

25,306

5,378,790

O'Reilly

Automotive,

Inc.

(a)

...................

584

504,891

Ross

Stores,

Inc.

.........................

13,774

1,620,787

TJX

Companies,

Inc.

(The)

..................

45,437

3,637,232

Ulta

Beauty,

Inc.

(a)

........................

2,505

1,164,424

22,719,964

a

Technology

Hardware,

Storage

&

Peripherals

 — 

7

.8

%

Apple,

Inc.

.............................

479,284

70,948,411

a

Security

Shares

Value

a

Textiles,

Apparel

&

Luxury

Goods

 — 

0

.6

%

Lululemon

Athletica,

Inc.

(a)

...................

9,730

$

3,700,416

Nike,

Inc.

,

Class

B

........................

12,446

1,365,202

VF

Corp.

..............................

12,321

404,375

5,469,993

a

Trading

Companies

&

Distributors

 — 

0

.3

%

Fastenal

Co.

(b)

...........................

40,246

2,073,071

WW

Grainger,

Inc.

........................

895

539,739

2,612,810

a

Wireless

Telecommunication

Services

 — 

0

.1

%

T-Mobile

U.S.,

Inc.

(a)

.......................

6,339

960,105

a

Total

Long-Term

Investments — 99.6%

(Cost:

$

962,660,200

)

................................

904,675,794

a

Short-Term

Securities

Money

Market

Funds

 — 

0

.6

%

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

,

4.06

%

(c)

(d)

(e)

......................

3,944,524

3,944,919

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

,

3.64

%

(c)

(d)

............................

1,386,440

1,386,440

a

Total

Short-Term

Securities — 0.6%

(Cost:

$

5,330,294

)

..................................

5,331,359

Total

Investments

—

100.2%

(Cost:

$

967,990,494

)

................................

910,007,153

Liabilities

in

Excess

of

Other

Assets

—

(

0

.2

)

%

...............

(

1,623,642

)

Net

Assets

—

100.0%

.................................

$

908,383,511

(a)

Non-income

producing

security.

(b)

All

or

a

portion

of

this

security

is

on

loan.

(c)

Affiliate

of

the

Fund.

(d)

Annualized

7-day

yield

as

of

period

end.

(e)

All

or

a

portion

of

this

security

was

purchased

with

the

cash

collateral

from

loaned

securities.

Affiliates

Investments

in

issuers

considered

to

be

affiliate(s)

of

the

Fund

during

the

period

ended

November

30,

2022

for

purposes

of

Section

2(a)(3)

of

the

Investment

Company

Act

of

1940,

as

amended,

were

as

follows:

Affiliated

Issuer

Value

at

08/31/22

Purchases

at

Cost

Proceeds

from

Sale

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

11/30/22

  Shares

Held

at

11/30/22

Income

  Capital

Gain

Distributions

from

Underlying

Funds

BlackRock

Cash

Funds:

Institutional,

SL

Agency

Shares

$

3,189,711

$

755,824

(a)

$

—

$

(

605

)

$

(

11

)

$

3,944,919

3,944,524

$

25,626

(b)

$

—

BlackRock

Cash

Funds:

Treasury,

SL

Agency

Shares

1,301,375

85,072

(a)

—

(

7

)

—

1,386,440

1,386,440

8,883

—

BlackRock,

Inc.

...

3,725,120

767,575

(

34,790

)

(

1,118

)

321,797

4,778,584

6,674

27,338

—

$

(

1,730

)

$

321,786

$

10,109,943

$

61,847

$

—

(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.

iShares

®

Paris-Aligned

Climate

MSCI

USA

ETF

Schedule

of

Investments

(unaudited)

(continued)

November

30,

2022

5

Schedule

of

Investments

Derivative

Financial

Instruments

Outstanding

as

of

Period

End

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

the

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.

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. 

Futures

Contracts

Description

Number

of

Contracts

Expiration

Date

Notional

Amount

(000)

Value/

Unrealized

Appreciation

(Depreciation)

Long

Contracts

E-Mini

Health

Care

Sector

Index

............................................................

8

12/16/22

$

1,123

$

57,770

NASDAQ

100

E-Mini

Index

...............................................................

8

12/16/22

1,927

75,744

$

133,514

Level

1

Level

2

Level

3

Total

Assets

Investments

Long-Term

Investments

Common

Stocks

.........................................

$

904,675,794

$

—

$

—

$

904,675,794

Short-Term

Securities

Money

Market

Funds

......................................

5,331,359

—

—

5,331,359

$

910,007,153

$

—

$

—

$

910,007,153

Derivative

Financial

Instruments

(a)

Assets

Equity

Contracts

...........................................

$

133,514

$

—

$

—

$

133,514

a

(a)

Derivative

financial

instruments

are

futures

contracts.

Futures

contracts

are

valued

at

the

unrealized

appreciation

(depreciation)

on

the

instrument.

Portfolio

Abbreviation

NVS

Non-Voting

Shares