| Schedule of Investments (unaudited) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Australia — 1.5% | ||||||||
| ANZ Group Holdings Ltd. | 34,643 | $ | 625,096 | |||||
| Aristocrat Leisure Ltd. | 16,330 | 416,741 | ||||||
| Brambles Ltd. | 96,350 | 906,427 | ||||||
| CAR Group Ltd. | 9,461 | 205,148 | ||||||
| Cochlear Ltd. | 1,495 | 311,869 | ||||||
| Commonwealth Bank of Australia | 21,645 | 1,585,919 | ||||||
| Computershare Ltd. | 33,646 | 591,105 | ||||||
| CSL Ltd. | 7,485 | 1,329,905 | ||||||
| Endeavour Group Ltd./Australia | 35,774 | 123,023 | ||||||
| Goodman Group | 34,710 | 701,129 | ||||||
| GPT Group (The) | 27,843 | 74,882 | ||||||
| IDP Education Ltd. | 6,250 | 65,168 | ||||||
| Insurance Australia Group Ltd. | 24,189 | 100,214 | ||||||
| James Hardie Industries PLC(a) | 1,335 | 45,895 | ||||||
| Lottery Corp. Ltd. (The) | 49,159 | 153,351 | ||||||
| Macquarie Group Ltd. | 3,775 | 452,013 | ||||||
| National Australia Bank Ltd. | 14,973 | 324,578 | ||||||
| Pilbara Minerals Ltd.(b) | 300,572 | 765,227 | ||||||
| QBE Insurance Group Ltd. | 18,506 | 211,690 | ||||||
| Ramsay Health Care Ltd. | 4,784 | 160,361 | ||||||
| REA Group Ltd. | 2,039 | 233,727 | ||||||
| Scentre Group | 143,552 | 290,700 | ||||||
| SEEK Ltd. | 14,597 | 225,492 | ||||||
| Sonic Healthcare Ltd. | 11,393 | 195,796 | ||||||
| Stockland | 48,207 | 136,576 | ||||||
| Suncorp Group Ltd. | 31,632 | 337,843 | ||||||
| Telstra Group Ltd. | 260,182 | 614,709 | ||||||
| Transurban Group | 121,578 | 976,084 | ||||||
| Vicinity Ltd. | 101,952 | 124,847 | ||||||
| Westpac Banking Corp. | 39,662 | 658,641 | ||||||
| WiseTech Global Ltd. | 5,517 | 325,020 | ||||||
| Woolworths Group Ltd. | 8,358 | 171,482 | ||||||
| Xero Ltd.(a) | 3,522 | 273,442 | ||||||
| 13,714,100 | ||||||||
| Austria — 0.1% | ||||||||
| Erste Group Bank AG | 3,992 | 186,167 | ||||||
| Verbund AG | 5,498 | 419,999 | ||||||
| 606,166 | ||||||||
| Belgium — 0.2% | ||||||||
| Ageas SA/NV | 7,030 | 322,688 | ||||||
| Anheuser-Busch InBev SA/NV | 18,585 | 1,110,896 | ||||||
| Argenx SE(a) | 448 | 167,357 | ||||||
| Elia Group SA/NV | 3,478 | 334,867 | ||||||
| KBC Group NV | 2,923 | 217,132 | ||||||
| 2,152,940 | ||||||||
| Brazil — 0.3% | ||||||||
| Ambev SA | 20,116 | 47,069 | ||||||
| Atacadao SA | 15,019 | 32,308 | ||||||
| B3 SA - Brasil Bolsa Balcao | 96,466 | 200,452 | ||||||
| Banco BTG Pactual SA | 35,662 | 229,386 | ||||||
| Banco do Brasil SA | 132,706 | 700,766 | ||||||
| BB Seguridade Participacoes SA | 38,935 | 241,441 | ||||||
| CCR SA | 64,064 | 152,122 | ||||||
| Cia. de Saneamento Basico do Estado de Sao | ||||||||
| Paulo SABESP | 7,697 | 119,800 | ||||||
| Equatorial Energia SA | 5,128 | 30,210 | ||||||
| Hapvida Participacoes e Investimentos SA(a)(c) | 118,656 | 84,320 | ||||||
| Hypera SA | 30,242 | 171,926 | ||||||
| Localiza Rent a Car SA | 9,879 | 93,280 | ||||||
| Lojas Renner SA | 71,214 | 210,244 | ||||||
| Security | Shares | Value | ||||||
| Brazil (continued) | ||||||||
| Raia Drogasil SA | 40,459 | $ | 199,311 | |||||
| Sendas Distribuidora SA | 57,338 | 144,875 | ||||||
| Suzano SA | 8,773 | 98,769 | ||||||
| Telefonica Brasil SA | 7,971 | 72,670 | ||||||
| TIM SA/Brazil | 24,870 | 84,343 | ||||||
| 2,913,292 | ||||||||
| Canada — 3.6% | ||||||||
| Agnico Eagle Mines Ltd. | 2,488 | 157,559 | ||||||
| Bank of Montreal | 3,291 | 293,970 | ||||||
| Bank of Nova Scotia (The) | 14,057 | 644,928 | ||||||
| BCE Inc. | 18,720 | 615,048 | ||||||
| Brookfield Renewable Corp., Class A | 16,127 | 374,635 | ||||||
| CAE Inc.(a) | 48,415 | 934,081 | ||||||
| Canadian Imperial Bank of Commerce | 3,580 | 167,109 | ||||||
| Canadian National Railway Co. | 9,035 | 1,096,617 | ||||||
| Canadian Pacific Kansas City Ltd. | 11,440 | 897,483 | ||||||
| CGI Inc.(a) | 1,753 | 177,624 | ||||||
| Constellation Software Inc./Canada | 463 | 1,192,025 | ||||||
| Dollarama Inc. | 9,672 | 806,837 | ||||||
| Element Fleet Management Corp. | 23,110 | 368,813 | ||||||
| Enbridge Inc. | 58,596 | 2,083,517 | ||||||
| Fairfax Financial Holdings Ltd. | 941 | 1,023,066 | ||||||
| First Quantum Minerals Ltd. | 31,094 | 394,816 | ||||||
| Franco-Nevada Corp. | 11,159 | 1,343,311 | ||||||
| George Weston Ltd. | 1,606 | 211,353 | ||||||
| Hydro One Ltd.(c) | 48,803 | 1,366,973 | ||||||
| Intact Financial Corp. | 1,623 | 266,761 | ||||||
| Loblaw Companies Ltd. | 5,365 | 588,313 | ||||||
| Lundin Mining Corp. | 9,288 | 106,060 | ||||||
| Manulife Financial Corp. | 75,400 | 1,758,685 | ||||||
| Metro Inc./CN | 2,696 | 137,909 | ||||||
| Northland Power Inc. | 10,702 | 163,331 | ||||||
| Open Text Corp. | 6,953 | 245,513 | ||||||
| Pembina Pipeline Corp. | 141,043 | 4,962,861 | ||||||
| Power Corp. of Canada | 5,824 | 155,177 | ||||||
| Quebecor Inc., Class B | 16,016 | 331,454 | ||||||
| RB Global Inc. | 5,231 | 374,281 | ||||||
| Restaurant Brands International Inc. | 5,200 | 394,500 | ||||||
| Rogers Communications Inc., Class B, NVS | 6,448 | 241,545 | ||||||
| Royal Bank of Canada | 19,961 | 1,931,214 | ||||||
| Shopify Inc., Class A(a) | 15,053 | 1,056,821 | ||||||
| Stantec Inc. | 8,669 | 690,233 | ||||||
| Sun Life Financial Inc. | 8,918 | 455,342 | ||||||
| TELUS Corp. | 9,568 | 153,669 | ||||||
| Thomson Reuters Corp. | 7,840 | 1,184,158 | ||||||
| TMX Group Ltd. | 5,436 | 143,931 | ||||||
| Toronto-Dominion Bank (The) | 18,982 | 1,126,110 | ||||||
| Wheaton Precious Metals Corp. | 23,490 | 1,223,770 | ||||||
| WSP Global Inc.(b) | 3,262 | 494,969 | ||||||
| 32,336,372 | ||||||||
| Chile — 0.1% | ||||||||
| Banco de Chile | 2,462,678 | 273,189 | ||||||
| Banco de Credito e Inversiones SA | 14,279 | 416,464 | ||||||
| Banco Santander Chile | 3,053,358 | 138,348 | ||||||
| Cia. Sud Americana de Vapores SA | 4,153,240 | 324,022 | ||||||
| Falabella SA(a) | 14,568 | 38,998 | ||||||
| 1,191,021 | ||||||||
| China — 3.3% | ||||||||
| Agricultural Bank of China Ltd., Class H | 1,135,000 | 506,109 | ||||||
| Alibaba Group Holding Ltd. | 214,968 | 2,012,758 | ||||||
| Alibaba Health Information Technology Ltd.(a)(b) | 124,000 | 46,287 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Anhui Gujing Distillery Co. Ltd., Class B | 6,100 | $ | 99,986 | |||||
| ANTA Sports Products Ltd. | 17,000 | 192,457 | ||||||
| Asia - Potash International Investment Guangzhou | ||||||||
| Co. Ltd.(a) | 20,800 | 50,875 | ||||||
| BAIC BluePark New Energy Technology Co. Ltd.(a) | 40,000 | 37,375 | ||||||
| Baidu Inc.(a) | 27,790 | 360,036 | ||||||
| Bank of Beijing Co. Ltd., Class A | 312,000 | 239,766 | ||||||
| Bank of Changsha Co. Ltd., Class A | 60,200 | 67,615 | ||||||
| Bank of Chengdu Co. Ltd., Class A | 57,200 | 116,497 | ||||||
| Bank of China Ltd., Class H | 1,368,000 | 613,534 | ||||||
| Bank of Communications Co. Ltd., Class A | 73,500 | 69,596 | ||||||
| Bank of Communications Co. Ltd., Class H | 528,000 | 380,191 | ||||||
| Bank of Hangzhou Co. Ltd., Class A | 86,000 | 152,862 | ||||||
| Bank of Jiangsu Co. Ltd., Class A | 276,400 | 307,610 | ||||||
| Bank of Nanjing Co. Ltd., Class A | 105,400 | 135,343 | ||||||
| Bank of Ningbo Co. Ltd., Class A | 30,400 | 95,824 | ||||||
| Bank of Shanghai Co. Ltd., Class A | 218,400 | 219,657 | ||||||
| Beijing Enterprises Water Group Ltd. | 236,000 | 59,522 | ||||||
| Beijing-Shanghai High Speed Railway Co. Ltd., | ||||||||
| Class A | 65,400 | 45,762 | ||||||
| BOC Aviation Ltd.(c) | 53,200 | 423,139 | ||||||
| BYD Co. Ltd., Class H | 24,500 | 671,608 | ||||||
| CGN Power Co. Ltd., Class H(c) | 1,664,000 | 557,953 | ||||||
| Changzhou Xingyu Automotive Lighting Systems Co. | ||||||||
| Ltd., Class A | 4,600 | 84,565 | ||||||
| China Cinda Asset Management Co. Ltd., Class H | 2,510,000 | 226,193 | ||||||
| China CITIC Bank Corp. Ltd., Class H | 1,472,000 | 861,169 | ||||||
| China Construction Bank Corp., Class H | 1,517,000 | 981,485 | ||||||
| China Everbright Bank Co. Ltd., Class A | 433,300 | 188,089 | ||||||
| China Everbright Bank Co. Ltd., Class H | 810,000 | 245,394 | ||||||
| China Galaxy Securities Co. Ltd., Class H | 436,000 | 236,167 | ||||||
| China Life Insurance Co. Ltd., Class H | 280,000 | 368,738 | ||||||
| China Merchants Bank Co. Ltd., Class H | 61,500 | 266,348 | ||||||
| China Merchants Energy Shipping Co. Ltd., Class A | 156,000 | 183,448 | ||||||
| China Merchants Port Holdings Co. Ltd. | 208,000 | 274,688 | ||||||
| China Minsheng Banking Corp. Ltd., Class H | 959,500 | 351,063 | ||||||
| China National Nuclear Power Co. Ltd., Class A | 216,698 | 275,794 | ||||||
| China Oilfield Services Ltd., Class H | 460,000 | 491,881 | ||||||
| China Pacific Insurance Group Co. Ltd., Class H | 58,000 | 127,082 | ||||||
| China Ruyi Holdings Ltd.(a)(b) | 200,000 | 50,094 | ||||||
| China Three Gorges Renewables Group Co. Ltd., | ||||||||
| Class A | 82,500 | 53,255 | ||||||
| China Tourism Group Duty Free Corp. Ltd.(b)(c) | 4,800 | 42,270 | ||||||
| China Tower Corp. Ltd., Class H(c) | 2,080,000 | 243,483 | ||||||
| China Vanke Co. Ltd., Class H(b) | 82,900 | 48,620 | ||||||
| China Yangtze Power Co. Ltd., Class A | 151,600 | 539,003 | ||||||
| China Zheshang Bank Co. Ltd., Class A | 338,350 | 139,647 | ||||||
| Chongqing Rural Commercial Bank Co. Ltd., Class A | 135,200 | 86,484 | ||||||
| CITIC Ltd. | 1,233,000 | 1,166,914 | ||||||
| CITIC Securities Co. Ltd., Class H | 17,000 | 27,066 | ||||||
| COSCO Shipping Energy Transportation Co. Ltd., | ||||||||
| Class A | 72,200 | 158,560 | ||||||
| COSCO Shipping Energy Transportation Co. Ltd., | ||||||||
| Class H | 310,000 | 363,557 | ||||||
| East Buy Holding Ltd.(a)(b)(c) | 20,500 | 43,341 | ||||||
| Far East Horizon Ltd. | 323,000 | 240,308 | ||||||
| Focus Media Information Technology Co. Ltd., | ||||||||
| Class A | 173,200 | 154,767 | ||||||
| Ganfeng Lithium Group Co. Ltd., Class H(c) | 18,080 | 53,019 | ||||||
| Ginlong Technologies Co. Ltd., Class A | 3,900 | 28,667 | ||||||
| H World Group Ltd., ADR | 820 | 30,102 | ||||||
| Hoymiles Power Electronics Inc., NVS | 1,400 | 43,639 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Huaxia Bank Co. Ltd., Class A | 114,400 | $ | 105,697 | |||||
| Industrial & Commercial Bank of China Ltd., Class H | 786,000 | 421,475 | ||||||
| Industrial Bank Co. Ltd., Class A | 176,498 | 409,254 | ||||||
| JD Health International Inc.(a)(c) | 41,800 | 142,572 | ||||||
| Jiangsu Expressway Co. Ltd., Class H | 308,000 | 302,061 | ||||||
| Jiangsu Hengli Hydraulic Co. Ltd., Class A | 8,900 | 62,547 | ||||||
| Jiangsu Pacific Quartz Co. Ltd., NVS | 6,100 | 65,725 | ||||||
| Kuaishou Technology(a)(c) | 27,600 | 193,495 | ||||||
| Kuang-Chi Technologies Co. Ltd., Class A(a) | 35,200 | 94,675 | ||||||
| Kweichow Moutai Co. Ltd., Class A | 1,300 | 304,277 | ||||||
| Li Auto Inc.(a) | 31,680 | 415,068 | ||||||
| Li Ning Co. Ltd. | 52,000 | 136,129 | ||||||
| Luzhou Laojiao Co. Ltd., Class A | 2,300 | 58,771 | ||||||
| Meituan, Class B(a)(c) | 54,800 | 748,268 | ||||||
| MINISO Group Holding Ltd. | 15,800 | 89,129 | ||||||
| NARI Technology Co. Ltd., Class A | 41,600 | 134,317 | ||||||
| NetEase Inc. | 32,600 | 611,075 | ||||||
| New China Life Insurance Co. Ltd., Class H | 52,200 | 100,107 | ||||||
| New Oriental Education & Technology Group Inc.(a) | 23,800 | 189,114 | ||||||
| Ningbo Deye Technology Co. Ltd., NVS | 5,700 | 73,222 | ||||||
| NIO Inc., ADR(a)(b) | 27,989 | 132,108 | ||||||
| Nongfu Spring Co. Ltd., Class H(c) | 25,200 | 148,048 | ||||||
| Offshore Oil Engineering Co. Ltd., Class A | 66,700 | 58,351 | ||||||
| PDD Holdings Inc., ADR(a) | 8,722 | 1,091,820 | ||||||
| People.cn Co. Ltd. | 13,200 | 44,906 | ||||||
| People’s Insurance Co. Group of China Ltd. (The), | ||||||||
| Class H | 936,000 | 307,218 | ||||||
| Ping An Bank Co. Ltd., Class A | 86,000 | 127,603 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class H | 159,000 | 720,601 | ||||||
| Qifu Technology Inc. | 5,151 | 94,212 | ||||||
| Shanghai Baosight Software Co. Ltd., Class B | 38,200 | 81,606 | ||||||
| Shanghai Pudong Development Bank Co. Ltd., | ||||||||
| Class A | 96,900 | 102,547 | ||||||
| Shanghai Putailai New Energy Technology Co. Ltd., | ||||||||
| Class A | 31,110 | 78,996 | ||||||
| Shanghai Rural Commercial Bank Co. Ltd. | 134,500 | 125,242 | ||||||
| Shanxi Xinghuacun Fen Wine Factory Co. Ltd., | ||||||||
| Class A | 4,100 | 147,413 | ||||||
| Shenzhou International Group Holdings Ltd. | 2,700 | 26,539 | ||||||
| Sichuan Chuantou Energy Co. Ltd., Class A | 62,400 | 144,092 | ||||||
| Sunny Optical Technology Group Co. Ltd. | 4,600 | 22,253 | ||||||
| TAL Education Group, ADR(a)(b) | 7,991 | 96,212 | ||||||
| Tencent Holdings Ltd. | 87,900 | 3,857,332 | ||||||
| Tencent Music Entertainment Group, ADR(a) | 3,928 | 49,296 | ||||||
| TravelSky Technology Ltd., Class H | 69,000 | 89,633 | ||||||
| Trip.com Group Ltd.(a) | 3,710 | 180,704 | ||||||
| Wuliangye Yibin Co. Ltd., Class A | 5,900 | 121,807 | ||||||
| WuXi AppTec Co. Ltd., Class H(c) | 4,200 | 18,905 | ||||||
| Wuxi Biologics Cayman Inc.(a)(c) | 43,000 | 74,490 | ||||||
| XPeng Inc.(a)(b) | 20,300 | 82,299 | ||||||
| Yantai Jereh Oilfield Services Group Co. Ltd., | ||||||||
| Class A | 20,800 | 91,076 | ||||||
| Yintai Gold Co. Ltd., Class A | 41,600 | 105,352 | ||||||
| Zangge Mining Co. Ltd. | 26,800 | 106,016 | ||||||
| Zhejiang Expressway Co. Ltd., Class H | 434,720 | 284,233 | ||||||
| ZTO Express Cayman Inc., ADR | 1,772 | 37,194 | ||||||
| 29,442,344 | ||||||||
| Colombia — 0.1% | ||||||||
| Bancolombia SA | 9,931 | 85,564 | ||||||
| Interconexion Electrica SA ESP | 109,202 | 503,838 | ||||||
| 589,402 | ||||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Czech Republic — 0.0% | ||||||||
| Komercni Banka AS | 3,849 | $ | 141,816 | |||||
| Denmark — 0.8% | ||||||||
| Coloplast A/S, Class B(b) | 1,124 | 135,515 | ||||||
| Danske Bank A/S | 9,853 | 283,638 | ||||||
| DSV A/S | 1,694 | 240,666 | ||||||
| Genmab A/S(a) | 295 | 81,901 | ||||||
| Novo Nordisk A/S | 45,242 | 5,801,933 | ||||||
| Novonesis (Novozymes) B, Class B | 9,013 | 499,110 | ||||||
| Vestas Wind Systems A/S(a) | 17,368 | 465,439 | ||||||
| 7,508,202 | ||||||||
| Egypt — 0.0% | ||||||||
| Commercial International Bank - Egypt (CIB) | 80,520 | 120,990 | ||||||
| Eastern Co. SAE | 225,240 | 103,569 | ||||||
| EFG Holding S.A.E.(a) | 283,950 | 87,821 | ||||||
| 312,380 | ||||||||
| Finland — 0.1% | ||||||||
| Kone OYJ, Class B | 3,641 | 177,488 | ||||||
| Sampo OYJ, Class A | 6,445 | 261,560 | ||||||
| 439,048 | ||||||||
| France — 2.4% | ||||||||
| Aeroports de Paris SA | 1,456 | 184,934 | ||||||
| AXA SA | 37,911 | 1,309,885 | ||||||
| BioMerieux | 520 | 55,278 | ||||||
| BNP Paribas SA | 15,496 | 1,115,121 | ||||||
| Bureau Veritas SA | 6,864 | 200,193 | ||||||
| Capgemini SE | 872 | 183,278 | ||||||
| Credit Agricole SA | 6,448 | 99,771 | ||||||
| Dassault Systemes SE | 5,720 | 224,521 | ||||||
| Edenred SE | 2,245 | 106,529 | ||||||
| EssilorLuxottica SA | 5,261 | 1,121,812 | ||||||
| Eurazeo SE | 1,524 | 137,278 | ||||||
| Getlink SE | 17,329 | 295,004 | ||||||
| Hermes International SCA | 704 | 1,685,369 | ||||||
| Kering SA | 1,647 | 577,223 | ||||||
| Klepierre SA | 16,980 | 455,954 | ||||||
| Legrand SA | 8,525 | 876,085 | ||||||
| L’OrealSA | 2,224 | 1,042,729 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE | 4,166 | 3,422,102 | ||||||
| Orange SA | 13,638 | 151,795 | ||||||
| Pernod Ricard SA | 4,244 | 641,872 | ||||||
| Publicis Groupe SA | 4,778 | 527,237 | ||||||
| Remy Cointreau SA | 552 | 52,368 | ||||||
| Sanofi SA | 18,196 | 1,797,638 | ||||||
| Schneider Electric SE | 12,644 | 2,883,001 | ||||||
| Societe Generale SA | 17,362 | 467,820 | ||||||
| STMicroelectronics NV | 9,558 | 378,352 | ||||||
| Teleperformance SE | 2,288 | 207,258 | ||||||
| Thales SA | 531 | 89,244 | ||||||
| Unibail-Rodamco-Westfield, New(a) | 8,475 | 706,247 | ||||||
| Vinci SA | 4,599 | 538,893 | ||||||
| Worldline SA/France(a)(c) | 21,946 | 227,635 | ||||||
| 21,762,426 | ||||||||
| Germany — 1.5% | ||||||||
| Allianz SE, Registered | 7,807 | 2,215,510 | ||||||
| Bayer AG, Registered | 6,552 | 191,126 | ||||||
| Delivery Hero SE, Class A(a)(c) | 1,561 | 43,673 | ||||||
| Deutsche Bank AG, Registered | 53,479 | 854,194 | ||||||
| Deutsche Boerse AG | 3,438 | 662,819 | ||||||
| Deutsche Telekom AG, Registered | 59,590 | 1,364,942 | ||||||
| Fresenius Medical Care AG & Co. KGaA | 3,667 | 154,391 | ||||||
| Security | Shares | Value | ||||||
| Germany (continued) | ||||||||
| Fresenius SE & Co. KGaA | 5,202 | $ | 155,230 | |||||
| Infineon Technologies AG | 18,408 | 638,813 | ||||||
| LEG Immobilien SE(a) | 893 | 75,805 | ||||||
| Mercedes-Benz Group AG | 7,801 | 590,074 | ||||||
| Merck KGaA | 1,417 | 225,164 | ||||||
| Muenchener Rueckversicherungs-Gesellschaft AG in | ||||||||
| Muenchen, Registered | 1,657 | 728,763 | ||||||
| SAP SE | 15,642 | 2,824,431 | ||||||
| Scout24 SE(c) | 2,405 | 176,666 | ||||||
| Siemens AG, Registered | 8,514 | 1,594,957 | ||||||
| Symrise AG, Class A | 1,976 | 211,811 | ||||||
| Vonovia SE | 12,937 | 373,828 | ||||||
| 13,082,197 | ||||||||
| Greece — 0.0% | ||||||||
| Hellenic Telecommunications Organization SA | 5,005 | 76,034 | ||||||
| JUMBO SA | 3,513 | 109,398 | ||||||
| OPAP SA | 2,172 | 36,184 | ||||||
| 221,616 | ||||||||
| Hong Kong — 0.5% | ||||||||
| AIA Group Ltd. | 139,000 | 1,018,085 | ||||||
| CK Asset Holdings Ltd. | 81,000 | 345,512 | ||||||
| Futu Holdings Ltd., ADR(a) | 563 | 36,207 | ||||||
| Galaxy Entertainment Group Ltd. | 24,000 | 107,685 | ||||||
| Henderson Land Development Co. Ltd. | 15,000 | 45,222 | ||||||
| Hong Kong Exchanges & Clearing Ltd. | 11,200 | 355,873 | ||||||
| Hongkong Land Holdings Ltd. | 38,200 | 122,056 | ||||||
| Link REIT | 91,000 | 389,916 | ||||||
| MTR Corp. Ltd. | 115,000 | 377,940 | ||||||
| Power Assets Holdings Ltd. | 58,000 | 332,697 | ||||||
| Sands China Ltd.(a) | 41,600 | 98,120 | ||||||
| Sun Hung Kai Properties Ltd. | 64,000 | 590,397 | ||||||
| Techtronic Industries Co. Ltd. | 15,500 | 214,199 | ||||||
| 4,033,909 | ||||||||
| India — 1.8% | ||||||||
| ABB India Ltd. | 2,795 | 218,857 | ||||||
| Adani Green Energy Ltd.(a) | 16,853 | 362,148 | ||||||
| Adani Ports & Special Economic Zone Ltd. | 28,008 | 443,704 | ||||||
| Apollo Hospitals Enterprise Ltd. | 1,445 | 102,776 | ||||||
| Asian Paints Ltd. | 12,150 | 417,935 | ||||||
| Astral Ltd. | 6,957 | 176,076 | ||||||
| Avenue Supermarts Ltd.(a)(c) | 8,671 | 478,466 | ||||||
| Axis Bank Ltd. | 6,055 | 84,516 | ||||||
| Bandhan Bank Ltd.(c) | 21,680 | 48,808 | ||||||
| Bharat Electronics Ltd. | 559,808 | 1,565,431 | ||||||
| Bharti Airtel Ltd. | 68,665 | 1,086,876 | ||||||
| Colgate-Palmolive India Ltd. | 6,923 | 234,285 | ||||||
| Divi’s Laboratories Ltd. | 1,465 | 70,148 | ||||||
| DLF Ltd. | 37,204 | 396,394 | ||||||
| Godrej Consumer Products Ltd. | 7,696 | 112,319 | ||||||
| HCL Technologies Ltd. | 20,592 | 335,958 | ||||||
| HDFC Bank Ltd. | 20,671 | 375,397 | ||||||
| Hindustan Unilever Ltd. | 16,120 | 430,519 | ||||||
| ICICI Bank Ltd. | 36,690 | 505,550 | ||||||
| Indian Hotels Co. Ltd., Class A | 43,492 | 299,699 | ||||||
| Info Edge India Ltd. | 1,067 | 77,169 | ||||||
| Infosys Ltd. | 47,736 | 805,999 | ||||||
| ITC Ltd. | 135,096 | 704,422 | ||||||
| Jio Financial Services Ltd., NVS(a) | 57,425 | 258,593 | ||||||
| Jubilant Foodworks Ltd. | 7,063 | 39,130 | ||||||
| Kotak Mahindra Bank Ltd. | 3,177 | 61,746 | ||||||
| Max Healthcare Institute Ltd. | 29,211 | 293,540 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Nestle India Ltd., NVS | 2,820 | $ | 84,649 | |||||
| PI Industries Ltd. | 9,044 | 395,269 | ||||||
| Pidilite Industries Ltd. | 6,018 | 219,502 | ||||||
| Power Finance Corp. Ltd. | 115,338 | 607,975 | ||||||
| Power Grid Corp. of India Ltd. | 362,721 | 1,308,254 | ||||||
| Shriram Finance Ltd. | 2,126 | 64,864 | ||||||
| Siemens Ltd. | 1,471 | 102,777 | ||||||
| Sun Pharmaceutical Industries Ltd. | 15,288 | 274,651 | ||||||
| Supreme Industries Ltd. | 2,279 | 138,027 | ||||||
| Suzlon Energy Ltd.(a) | 98,779 | 48,949 | ||||||
| Tata Communications Ltd. | 10,001 | 206,992 | ||||||
| Tata Consultancy Services Ltd. | 18,469 | 842,927 | ||||||
| Tech Mahindra Ltd. | 7,938 | 119,576 | ||||||
| Titan Co. Ltd. | 5,286 | 226,808 | ||||||
| Trent Ltd. | 8,739 | 461,287 | ||||||
| United Spirits Ltd. | 12,584 | 177,028 | ||||||
| Varun Beverages Ltd. | 11,188 | 197,913 | ||||||
| Wipro Ltd. | 56,748 | 312,518 | ||||||
| Zomato Ltd.(a) | 130,371 | 300,887 | ||||||
| 16,077,314 | ||||||||
| Indonesia — 0.1% | ||||||||
| Bank Mandiri Persero Tbk PT | 394,400 | 166,704 | ||||||
| Bank Rakyat Indonesia Persero Tbk PT | 627,837 | 190,048 | ||||||
| Sarana Menara Nusantara Tbk PT | 1,800,900 | 88,978 | ||||||
| Sumber Alfaria Trijaya Tbk PT | 667,500 | 120,281 | ||||||
| Telkom Indonesia Persero Tbk PT | 2,109,900 | 409,022 | ||||||
| Unilever Indonesia Tbk PT | 488,900 | 78,736 | ||||||
| 1,053,769 | ||||||||
| Ireland — 0.1% | ||||||||
| AIB Group PLC | 65,908 | 341,151 | ||||||
| Bank of Ireland Group PLC | 24,856 | 265,200 | ||||||
| 606,351 | ||||||||
| Israel — 0.2% | ||||||||
| Bank Hapoalim BM | 8,990 | 80,986 | ||||||
| Bank Leumi Le-Israel BM | 33,438 | 260,552 | ||||||
| Check Point Software Technologies Ltd.(a)(b) | 3,352 | 500,856 | ||||||
| Elbit Systems Ltd. | 670 | 136,383 | ||||||
| Isracard Ltd. | 0 | (d) | 1 | |||||
| Israel Discount Bank Ltd., Class A | 35,311 | 181,118 | ||||||
| Mizrahi Tefahot Bank Ltd. | 2,450 | 89,215 | ||||||
| Nice Ltd.(a) | 936 | 209,299 | ||||||
| Teva Pharmaceutical Industries Ltd., ADR(a) | 28,099 | 394,791 | ||||||
| 1,853,201 | ||||||||
| Italy — 0.9% | ||||||||
| Davide Campari-Milano NV | 4,480 | 44,929 | ||||||
| Ferrari NV | 5,230 | 2,150,966 | ||||||
| Intesa Sanpaolo SpA | 214,271 | 802,018 | ||||||
| Mediobanca Banca di Credito Finanziario SpA | 4,312 | 61,265 | ||||||
| Moncler SpA | 5,050 | 343,815 | ||||||
| Nexi SpA(a)(c) | 5,010 | 29,149 | ||||||
| Poste Italiane SpA(c) | 39,725 | 504,631 | ||||||
| Snam SpA | 167,543 | 766,555 | ||||||
| Tenaris SA, NVS | 102,578 | 1,703,534 | ||||||
| Terna - Rete Elettrica Nazionale | 75,683 | 606,365 | ||||||
| UniCredit SpA | 29,331 | 1,076,576 | ||||||
| 8,089,803 | ||||||||
| Japan — 5.4% | ||||||||
| Advantest Corp. | 21,400 | 669,834 | ||||||
| Asahi Intecc Co. Ltd. | 4,900 | 71,798 | ||||||
| Astellas Pharma Inc. | 31,800 | 305,213 | ||||||
| Bandai Namco Holdings Inc. | 4,500 | 84,083 | ||||||
| Security | Shares | Value | ||||||
| Japan (continued) | ||||||||
| Capcom Co. Ltd. | 9,200 | $ | 151,454 | |||||
| Central Japan Railway Co. | 50,200 | 1,147,972 | ||||||
| Chiba Bank Ltd. (The) | 17,900 | 151,203 | ||||||
| Chugai Pharmaceutical Co. Ltd. | 19,200 | 610,634 | ||||||
| Concordia Financial Group Ltd. | 69,100 | 372,320 | ||||||
| Dai-ichi Life Holdings Inc. | 11,900 | 275,616 | ||||||
| Daiichi Sankyo Co. Ltd. | 29,200 | 982,804 | ||||||
| Daiwa House Industry Co. Ltd. | 900 | 25,325 | ||||||
| Daiwa Securities Group Inc. | 71,400 | 524,723 | ||||||
| Dentsu Group Inc. | 5,900 | 159,614 | ||||||
| Disco Corp. | 4,200 | 1,196,352 | ||||||
| East Japan Railway Co. | 36,900 | 676,339 | ||||||
| FANUC Corp. | 21,100 | 624,967 | ||||||
| Fast Retailing Co. Ltd. | 3,700 | 967,435 | ||||||
| Fujitsu Ltd. | 19,000 | 293,515 | ||||||
| Hamamatsu Photonics KK | 3,100 | 113,589 | ||||||
| Hikari Tsushin Inc. | 2,100 | 341,296 | ||||||
| Hirose Electric Co. Ltd. | 2,600 | 275,979 | ||||||
| Hoya Corp. | 9,600 | 1,113,022 | ||||||
| Hulic Co. Ltd. | 86,700 | 798,911 | ||||||
| Ibiden Co. Ltd. | 4,000 | 152,054 | ||||||
| Japan Exchange Group Inc. | 14,300 | 334,913 | ||||||
| Japan Post Bank Co. Ltd. | 27,700 | 281,164 | ||||||
| Japan Post Holdings Co. Ltd. | 70,700 | 678,953 | ||||||
| Japan Tobacco Inc. | 47,700 | 1,283,207 | ||||||
| KDDI Corp. | 27,200 | 754,767 | ||||||
| Keisei Electric Railway Co. Ltd. | 9,400 | 350,178 | ||||||
| Keyence Corp. | 3,700 | 1,627,148 | ||||||
| Konami Group Corp. | 4,000 | 241,349 | ||||||
| Lasertec Corp. | 2,500 | 539,263 | ||||||
| LY Corp. | 52,000 | 124,937 | ||||||
| M3 Inc. | 17,400 | 184,060 | ||||||
| MatsukiyoCocokara & Co. | 5,500 | 77,994 | ||||||
| Mitsubishi Estate Co. Ltd. | 49,600 | 908,905 | ||||||
| Mitsubishi HC Capital Inc. | 154,400 | 999,901 | ||||||
| Mitsubishi UFJ Financial Group Inc. | 194,700 | 1,939,475 | ||||||
| Mitsui Fudosan Co. Ltd. | 111,300 | 1,132,707 | ||||||
| Mizuho Financial Group Inc. | 39,700 | 767,366 | ||||||
| MS&AD Insurance Group Holdings Inc. | 36,300 | 652,639 | ||||||
| Murata Manufacturing Co. Ltd. | 30,000 | 548,165 | ||||||
| Nexon Co. Ltd. | 16,500 | 257,257 | ||||||
| Nintendo Co. Ltd. | 16,600 | 809,565 | ||||||
| Nippon Paint Holdings Co. Ltd. | 19,700 | 126,100 | ||||||
| Nippon Telegraph & Telephone Corp. | 483,500 | 522,017 | ||||||
| Nomura Holdings Inc. | 142,200 | 809,115 | ||||||
| Nomura Real Estate Holdings Inc. | 10,400 | 291,170 | ||||||
| Nomura Research Institute Ltd. | 10,400 | 251,658 | ||||||
| NTT Data Group Corp. | 28,000 | 437,859 | ||||||
| Obic Co. Ltd. | 2,800 | 359,706 | ||||||
| Odakyu Electric Railway Co. Ltd. | 19,400 | 218,108 | ||||||
| Olympus Corp. | 13,500 | 188,051 | ||||||
| Omron Corp. | 2,700 | 92,670 | ||||||
| Ono Pharmaceutical Co. Ltd. | 8,600 | 123,869 | ||||||
| Oracle Corp./Japan | 1,700 | 127,576 | ||||||
| Oriental Land Co. Ltd./Japan | 28,400 | 783,605 | ||||||
| ORIX Corp. | 55,700 | 1,139,923 | ||||||
| Pan Pacific International Holdings Corp. | 7,700 | 180,842 | ||||||
| Rakuten Group Inc.(a)(b) | 11,000 | 52,904 | ||||||
| Recruit Holdings Co. Ltd. | 26,200 | 1,128,365 | ||||||
| Renesas Electronics Corp. | 28,500 | 462,719 | ||||||
| Resona Holdings Inc. | 73,000 | 461,633 | ||||||
| SBI Holdings Inc. | 4,700 | 114,436 | ||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Japan (continued) | ||||||||
| Secom Co. Ltd. | 10,400 | $ | 722,410 | |||||
| Shimano Inc. | 600 | 97,508 | ||||||
| Shin-Etsu Chemical Co. Ltd. | 34,600 | 1,339,329 | ||||||
| Shionogi & Co. Ltd. | 8,500 | 396,956 | ||||||
| Shiseido Co. Ltd. | 8,500 | 227,530 | ||||||
| SMC Corp. | 2,500 | 1,313,416 | ||||||
| SoftBank Corp. | 41,600 | 501,766 | ||||||
| SoftBank Group Corp. | 26,500 | 1,303,286 | ||||||
| Sompo Holdings Inc. | 11,100 | 219,670 | ||||||
| Sony Group Corp. | 22,800 | 1,884,451 | ||||||
| Sumitomo Mitsui Financial Group Inc. | 22,300 | 1,266,724 | ||||||
| Sumitomo Mitsui Trust Holdings Inc. | 5,600 | 117,739 | ||||||
| Sumitomo Realty & Development Co. Ltd. | 25,900 | 896,241 | ||||||
| Sysmex Corp. | 12,900 | 206,276 | ||||||
| T&D Holdings Inc. | 3,400 | 55,479 | ||||||
| Takeda Pharmaceutical Co. Ltd. | 28,775 | 756,267 | ||||||
| Tobu Railway Co. Ltd. | 4,200 | 83,330 | ||||||
| Tokio Marine Holdings Inc. | 36,700 | 1,159,954 | ||||||
| Tokyo Electron Ltd. | 4,000 | 877,383 | ||||||
| Tokyu Corp. | 4,000 | 47,350 | ||||||
| Trend Micro Inc./Japan | 3,800 | 187,257 | ||||||
| USS Co. Ltd. | 39,400 | 300,988 | ||||||
| West Japan Railway Co. | 5,200 | 98,704 | ||||||
| ZOZO Inc. | 1,700 | 36,615 | ||||||
| 48,548,920 | ||||||||
| Kuwait — 0.0% | ||||||||
| Mabanee Co. KPSC | 22,416 | 57,349 | ||||||
| Mobile Telecommunications Co. KSCP | 127,790 | 201,959 | ||||||
| National Bank of Kuwait SAKP | 58,783 | 164,741 | ||||||
| 424,049 | ||||||||
| Malaysia — 0.1% | ||||||||
| Gamuda Bhd | 116,000 | 129,064 | ||||||
| IHH Healthcare Bhd | 60,500 | 80,244 | ||||||
| Malaysia Airports Holdings Bhd | 23,300 | 48,765 | ||||||
| Telekom Malaysia Bhd | 201,100 | 260,830 | ||||||
| 518,903 | ||||||||
| Mexico — 0.3% | ||||||||
| America Movil SAB de CV | 158,090 | 150,516 | ||||||
| Fibra Uno Administracion SA de CV | 197,600 | 283,641 | ||||||
| Grupo Aeroportuario del Centro Norte SAB de CV, | ||||||||
| Class B | 20,800 | 230,283 | ||||||
| Grupo Aeroportuario del Pacifico SAB de CV, | ||||||||
| Class B | 19,600 | 356,995 | ||||||
| Grupo Aeroportuario del Sureste SAB de CV, | ||||||||
| Class B | 10,298 | 353,742 | ||||||
| Grupo Financiero Banorte SAB de CV, Class O | 13,101 | 129,666 | ||||||
| Grupo Mexico SAB de CV, Series B | 83,034 | 513,063 | ||||||
| Prologis Property Mexico SA de CV | 26,293 | 103,694 | ||||||
| Promotora y Operadora de Infraestructura SAB | ||||||||
| de CV | 5,565 | 55,904 | ||||||
| Wal-Mart de Mexico SAB de CV | 87,900 | 327,981 | ||||||
| 2,505,485 | ||||||||
| Netherlands — 1.1% | ||||||||
| Adyen NV(a)(c) | 264 | 316,272 | ||||||
| AerCap Holdings NV(a) | 12,985 | 1,097,103 | ||||||
| ASM International NV | 227 | 142,792 | ||||||
| ASML Holding NV | 5,185 | 4,516,201 | ||||||
| BE Semiconductor Industries NV | 339 | 44,977 | ||||||
| DSM-Firmenich AG | 2,650 | 297,209 | ||||||
| EXOR NV, NVS | 12,532 | 1,368,187 | ||||||
| NN Group NV | 6,894 | 318,026 | ||||||
| Security | Shares | Value | ||||||
| Netherlands (continued) | ||||||||
| Prosus NV | 26,467 | $ | 885,585 | |||||
| Universal Music Group NV | 2,508 | 73,773 | ||||||
| Wolters Kluwer NV | 4,806 | 719,489 | ||||||
| 9,779,614 | ||||||||
| Norway — 0.5% | ||||||||
| Adevinta ASA(a) | 17,160 | 175,176 | ||||||
| DNB Bank ASA | 78,163 | 1,362,314 | ||||||
| Gjensidige Forsikring ASA | 47,902 | 768,027 | ||||||
| Mowi ASA | 39,259 | 689,266 | ||||||
| Salmar ASA | 7,738 | 486,806 | ||||||
| Telenor ASA | 52,003 | 598,747 | ||||||
| 4,080,336 | ||||||||
| Peru — 0.2% | ||||||||
| Southern Copper Corp. | 12,379 | 1,444,258 | ||||||
| Philippines — 0.1% | ||||||||
| Ayala Land Inc. | 135,900 | 67,368 | ||||||
| International Container Terminal Services Inc. | 57,200 | 327,743 | ||||||
| PLDT Inc. | 4,080 | 95,016 | ||||||
| SM Investments Corp. | 13,310 | 218,882 | ||||||
| SM Prime Holdings Inc. | 155,100 | 75,042 | ||||||
| 784,051 | ||||||||
| Poland — 0.1% | ||||||||
| Allegro.eu SA (a)(c) | 16,790 | 139,963 | ||||||
| CD Projekt SA | 2,880 | 83,786 | ||||||
| Dino Polska SA(a)(c) | 1,846 | 176,852 | ||||||
| Pepco Group NV(a) | 20,310 | 95,757 | ||||||
| Powszechny Zaklad Ubezpieczen SA | 42,466 | 534,472 | ||||||
| 1,030,830 | ||||||||
| Portugal — 0.1% | ||||||||
| EDP Renovaveis SA | 80,079 | 1,096,296 | ||||||
| Qatar — 0.2% | ||||||||
| Barwa Real Estate Co. | 548,392 | 421,892 | ||||||
| Commercial Bank PSQC (The) | 18,824 | 21,436 | ||||||
| Mesaieed Petrochemical Holding Co. | 1,126,736 | 592,931 | ||||||
| Ooredoo QPSC | 163,835 | 448,783 | ||||||
| Qatar Islamic Bank SAQ | 16,744 | 83,949 | ||||||
| Qatar National Bank QPSC | 62,064 | 235,906 | ||||||
| 1,804,897 | ||||||||
| Russia — 0.0% | ||||||||
| Alrosa PJSC(a)(e) | 184,910 | 20 | ||||||
| Mobile TeleSystems PJSC(a)(e) | 73,304 | 8 | ||||||
| Moscow Exchange MICEX-RTS PJSC(a)(e) | 152,460 | 16 | ||||||
| Ozon Holdings PLC, ADR(a)(e) | 5,270 | 1 | ||||||
| Polyus PJSC(a)(e) | 1,430 | — | ||||||
| Sberbank of Russia PJSC(a)(e) | 292,860 | 31 | ||||||
| TCS Group Holding PLC, GDR(a)(e)(f) | 4,185 | — | ||||||
| United Co. RUSAL International PJSC(a)(e) | 509,950 | 55 | ||||||
| VK Co. Ltd.(a)(e) | 22,940 | 3 | ||||||
| VTB Bank PJSC(a)(e) | 22,490,000 | 2 | ||||||
| Yandex NV(a)(e) | 9,920 | 1 | ||||||
| 137 | ||||||||
| Saudi Arabia — 0.8% | ||||||||
| Al Rajhi Bank | 38,786 | 824,949 | ||||||
| Alinma Bank | 36,841 | 326,799 | ||||||
| Arab National Bank | 12,793 | 105,150 | ||||||
| Arabian Internet & Communications Services Co. | 4,014 | 371,211 | ||||||
| Bank AlBilad | 11,246 | 106,897 | ||||||
| Banque Saudi Fransi | 3,887 | 37,929 | ||||||
| Bupa Arabia for Cooperative Insurance Co. | 2,287 | 147,076 | ||||||
5
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Saudi Arabia (continued) | ||||||||
| Co. for Cooperative Insurance (The) | 4,790 | $ | 190,103 | |||||
| Dallah Healthcare Co. | 3,848 | 167,961 | ||||||
| Dar Al Arkan Real Estate Development Co.(a) | 73,366 | 259,745 | ||||||
| Dr Sulaiman Al Habib Medical Services Group Co. | 7,016 | 580,137 | ||||||
| Elm Co. | 2,457 | 598,069 | ||||||
| Etihad Etisalat Co. | 28,188 | 390,811 | ||||||
| Jarir Marketing Co. | 40,847 | 147,235 | ||||||
| Mouwasat Medical Services Co. | 8,851 | 317,169 | ||||||
| Nahdi Medical Co. | 9,683 | 356,478 | ||||||
| Riyad Bank | 40,456 | 298,299 | ||||||
| Saudi Awwal Bank | 6,370 | 69,127 | ||||||
| Saudi Investment Bank (The) | 14,040 | 63,067 | ||||||
| Saudi National Bank (The) | 38,343 | 383,831 | ||||||
| Saudi Research & Media Group(a) | 6,449 | 412,246 | ||||||
| Saudi Tadawul Group Holding Co. | 2,877 | 203,055 | ||||||
| Saudi Telecom Co. | 94,241 | 945,640 | ||||||
| 7,302,984 | ||||||||
| Singapore — 0.3% | ||||||||
| CapitaLand Ascendas REIT | 163,302 | 309,330 | ||||||
| CapitaLand Integrated Commercial Trust | 49,100 | 69,992 | ||||||
| CapitaLand Investment Ltd/Singapore | 104,000 | 201,120 | ||||||
| City Developments Ltd. | 89,400 | 400,685 | ||||||
| DBS Group Holdings Ltd. | 5,170 | 131,615 | ||||||
| Genting Singapore Ltd. | 707,200 | 471,964 | ||||||
| Grab Holdings Ltd., Class A(a) | 32,154 | 112,539 | ||||||
| Keppel Ltd. | 32,000 | 160,061 | ||||||
| Sea Ltd., ADR(a)(b) | 2,704 | 170,866 | ||||||
| Seatrium Ltd.(a)(b) | 349,822 | 24,990 | ||||||
| Singapore Telecommunications Ltd. | 314,000 | 544,562 | ||||||
| United Overseas Bank Ltd. | 2,300 | 51,039 | ||||||
| 2,648,763 | ||||||||
| South Africa — 0.3% | ||||||||
| Capitec Bank Holdings Ltd. | 936 | 115,842 | ||||||
| FirstRand Ltd. | 99,197 | 342,443 | ||||||
| MTN Group Ltd. | 61,599 | 296,454 | ||||||
| Naspers Ltd., Class N | 3,931 | 753,434 | ||||||
| NEPI Rockcastle NV | 60,138 | 405,793 | ||||||
| Reinet Investments SCA | 8,973 | 210,875 | ||||||
| Sanlam Ltd. | 61,984 | 224,220 | ||||||
| 2,349,061 | ||||||||
| South Korea — 1.4% | ||||||||
| Amorepacific Corp. | 935 | 113,963 | ||||||
| Celltrion Inc. | 3,178 | 431,523 | ||||||
| DB Insurance Co. Ltd. | 1,664 | 116,721 | ||||||
| Ecopro BM Co. Ltd.(a) | 832 | 141,427 | ||||||
| Ecopro Co. Ltd.(a) | 1,550 | 117,163 | ||||||
| Hana Financial Group Inc. | 15,189 | 640,624 | ||||||
| HLB Inc.(a) | 2,617 | 209,098 | ||||||
| HYBE Co. Ltd. | 700 | 101,539 | ||||||
| Industrial Bank of Korea | 66,808 | 671,656 | ||||||
| Kakao Corp. | 9,321 | 323,708 | ||||||
| KakaoBank Corp. | 2,214 | 39,710 | ||||||
| Kangwon Land Inc. | 13,000 | 143,652 | ||||||
| KB Financial Group Inc. | 13,238 | 717,988 | ||||||
| Korea Investment Holdings Co. Ltd. | 10,668 | 515,622 | ||||||
| Krafton Inc.(a) | 312 | 53,697 | ||||||
| KT&G Corp. | 5,255 | 338,610 | ||||||
| Kum Yang Co. Ltd.(a) | 2,458 | 164,927 | ||||||
| LG Energy Solution Ltd.(a) | 1,146 | 318,839 | ||||||
| LG H&H Co. Ltd. | 208 | 62,672 | ||||||
| Meritz Financial Group Inc. | 6,542 | 374,055 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Mirae Asset Securities Co. Ltd. | 55,640 | $ | 303,243 | |||||
| NAVER Corp. | 3,120 | 411,526 | ||||||
| NCSoft Corp. | 694 | 87,687 | ||||||
| NH Investment & Securities Co. Ltd. | 10,946 | 98,389 | ||||||
| Posco DX Co. Ltd. | 2,777 | 80,701 | ||||||
| POSCO Future M Co. Ltd. | 289 | 58,140 | ||||||
| Samsung Biologics Co. Ltd.(a)(c) | 377 | 211,896 | ||||||
| Samsung Electronics Co. Ltd. | 55,208 | 3,068,827 | ||||||
| Samsung Life Insurance Co. Ltd. | 2,184 | 137,620 | ||||||
| Samsung SDI Co. Ltd. | 88 | 27,233 | ||||||
| Samsung Securities Co. Ltd. | 15,088 | 412,746 | ||||||
| Shinhan Financial Group Co. Ltd. | 18,971 | 637,374 | ||||||
| SK Hynix Inc. | 2,954 | 364,540 | ||||||
| SK IE Technology Co. Ltd.(a)(c) | 5,013 | 212,175 | ||||||
| SK Square Co. Ltd.(a) | 5,014 | 275,481 | ||||||
| Woori Financial Group Inc. | 62,608 | 641,590 | ||||||
| 12,626,362 | ||||||||
| Spain — 0.6% | ||||||||
| Aena SME SA(c) | 4,536 | 826,639 | ||||||
| Amadeus IT Group SA | 16,302 | 1,034,752 | ||||||
| Banco Bilbao Vizcaya Argentaria SA | 114,068 | 1,233,528 | ||||||
| Banco Santander SA | 263,936 | 1,284,215 | ||||||
| Cellnex Telecom SA(c) | 3,432 | 113,444 | ||||||
| Ferrovial SE | 3,688 | 132,640 | ||||||
| Grifols SA(a)(b) | 3,012 | 27,567 | ||||||
| Iberdrola SA | 13,574 | 166,439 | ||||||
| Redeia Corp. SA | 9,559 | 159,574 | ||||||
| Telefonica SA | 98,856 | 442,835 | ||||||
| 5,421,633 | ||||||||
| Sweden — 0.7% | ||||||||
| Alfa Laval AB | 7,050 | 300,152 | ||||||
| Assa Abloy AB, Class B | 1,028 | 27,161 | ||||||
| Atlas Copco AB, Class A | 27,805 | 487,035 | ||||||
| Atlas Copco AB, Class B | 72,539 | 1,087,666 | ||||||
| Epiroc AB | 3,681 | 68,052 | ||||||
| Evolution AB(c) | 3,436 | 379,627 | ||||||
| Getinge AB, Class B | 2,808 | 59,115 | ||||||
| Hexagon AB, Class B | 76,777 | 803,162 | ||||||
| Industrivarden AB, Class C | 21,313 | 685,209 | ||||||
| Investment AB Latour, Class B | 2,062 | 49,685 | ||||||
| Investor AB, Class B | 53,747 | 1,316,411 | ||||||
| Nibe Industrier AB, Class B | 32,272 | 148,910 | ||||||
| Svenska Handelsbanken AB, Class A | 23,524 | 201,726 | ||||||
| Swedbank AB, Class A | 12,888 | 246,448 | ||||||
| Tele2 AB, Class B | 16,120 | 150,352 | ||||||
| 6,010,711 | ||||||||
| Switzerland — 2.0% | ||||||||
| ABB Ltd., Registered | 33,785 | 1,641,560 | ||||||
| Alcon Inc. | 7,142 | 547,625 | ||||||
| Avolta AG, Registered(a) | 8,945 | 338,272 | ||||||
| Chocoladefabriken Lindt & Spruengli AG, | ||||||||
| Participation Certificates, NVS | 9 | 103,671 | ||||||
| Cie. Financiere Richemont SA, Class A, Registered | 9,338 | 1,290,764 | ||||||
| Geberit AG, Registered | 518 | 276,499 | ||||||
| Givaudan SA, Registered | 260 | 1,111,960 | ||||||
| Julius Baer Group Ltd. | 1,867 | 100,180 | ||||||
| Lonza Group AG, Registered | 743 | 410,131 | ||||||
| Nestle SA, Registered | 21,699 | 2,178,583 | ||||||
| Novartis AG, Registered | 27,719 | 2,690,336 | ||||||
| Roche Holding AG, NVS | 8,216 | 1,968,670 | ||||||
| Sandoz Group AG(a) | 8,231 | 279,746 | ||||||
6
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Switzerland (continued) | ||||||||
| SGS SA | 2,600 | $ | 228,945 | |||||
| Sika AG, Registered | 2,897 | 824,085 | ||||||
| Sonova Holding AG, Registered | 685 | 189,356 | ||||||
| Straumann Holding AG | 1,872 | 248,859 | ||||||
| Swatch Group AG (The), Registered | 1,439 | 59,660 | ||||||
| Swiss Life Holding AG, Registered | 204 | 137,650 | ||||||
| Swiss Re AG | 4,135 | 449,497 | ||||||
| Swisscom AG, Registered | 51 | 27,979 | ||||||
| Temenos AG, Registered | 1,560 | 97,043 | ||||||
| UBS Group AG, Registered | 55,116 | 1,447,526 | ||||||
| VAT Group AG(c) | 832 | 414,220 | ||||||
| Zurich Insurance Group AG | 2,043 | 988,907 | ||||||
| 18,051,724 | ||||||||
| Taiwan — 1.7% | ||||||||
| Accton Technology Corp. | 9,000 | 126,085 | ||||||
| Advantech Co. Ltd. | 14,000 | 162,840 | ||||||
| Airtac International Group | 12,000 | 424,870 | ||||||
| Alchip Technologies Ltd. | 1,000 | 94,315 | ||||||
| Catcher Technology Co. Ltd. | 70,000 | 467,577 | ||||||
| Cathay Financial Holding Co. Ltd. | 520,103 | 804,263 | ||||||
| Chailease Holding Co. Ltd. | 49,720 | 262,236 | ||||||
| China Development Financial Holding Corp.(a) | 1,292,542 | 540,339 | ||||||
| Chunghwa Telecom Co. Ltd. | 81,000 | 307,868 | ||||||
| CTBC Financial Holding Co. Ltd. | 313,400 | 327,101 | ||||||
| Delta Electronics Inc. | 30,000 | 293,799 | ||||||
| E Ink Holdings Inc. | 46,000 | 294,088 | ||||||
| Eclat Textile Co. Ltd. | 5,000 | 78,671 | ||||||
| eMemory Technology Inc. | 2,000 | 134,425 | ||||||
| Fubon Financial Holding Co. Ltd. | 196,538 | 415,780 | ||||||
| Global Unichip Corp. | 2,000 | 83,063 | ||||||
| Globalwafers Co. Ltd. | 10,000 | 158,891 | ||||||
| Largan Precision Co. Ltd. | 4,000 | 266,632 | ||||||
| MediaTek Inc. | 20,000 | 603,023 | ||||||
| Nan Ya Printed Circuit Board Corp. | 10,000 | 56,940 | ||||||
| Novatek Microelectronics Corp. | 4,000 | 75,581 | ||||||
| PharmaEssentia Corp.(a) | 5,000 | 45,068 | ||||||
| Silergy Corp. | 11,000 | 146,092 | ||||||
| Taiwan High Speed Rail Corp. | 390,000 | 357,559 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 349,000 | 8,356,370 | ||||||
| Unimicron Technology Corp. | 10,000 | 55,300 | ||||||
| United Microelectronics Corp. | 77,000 | 118,305 | ||||||
| Voltronic Power Technology Corp. | 2,000 | 94,634 | ||||||
| Yageo Corp. | 14,000 | 267,043 | ||||||
| 15,418,758 | ||||||||
| Thailand — 0.1% | ||||||||
| Airports of Thailand PCL, NVDR | 393,200 | 690,346 | ||||||
| Bangkok Dusit Medical Services PCL, NVDR | 105,100 | 82,071 | ||||||
| Bumrungrad Hospital PCL, NVDR | 24,700 | 163,026 | ||||||
| Delta Electronics Thailand PCL, NVDR(b) | 95,000 | 177,190 | ||||||
| Minor International PCL, NVDR | 136,800 | 121,284 | ||||||
| 1,233,917 | ||||||||
| Turkey — 0.1% | ||||||||
| Aselsan Elektronik Sanayi Ve Ticaret A/S | 255,904 | 480,023 | ||||||
| Turkcell Iletisim Hizmetleri AS | 19,982 | 49,853 | ||||||
| Yapi ve Kredi Bankasi A/S | 19,476 | 19,503 | ||||||
| 549,379 | ||||||||
| United Arab Emirates — 0.1% | ||||||||
| Agility Global PLC | 575,880 | 203,802 | ||||||
| Aldar Properties PJSC | 47,196 | 70,160 | ||||||
| Emaar Properties PJSC | 253,391 | 566,402 | ||||||
| Emirates NBD Bank PJSC | 25,488 | 117,971 | ||||||
| Security | Shares | Value | ||||||
| United Arab Emirates (continued) | ||||||||
| Emirates Telecommunications Group Co. PJSC | 14,243 | $ | 65,924 | |||||
| Multiply Group PJSC(a) | 429,417 | 268,655 | ||||||
| 1,292,914 | ||||||||
| United Kingdom — 3.3% | ||||||||
| 3i Group PLC | 51,400 | 1,836,390 | ||||||
| Admiral Group PLC | 2,056 | 69,980 | ||||||
| Antofagasta PLC | 50,673 | 1,390,050 | ||||||
| Ashtead Group PLC | 18,785 | 1,364,015 | ||||||
| AstraZeneca PLC | 20,939 | 3,167,000 | ||||||
| Auto Trader Group PLC(c) | 5,879 | 50,968 | ||||||
| Barclays PLC | 414,517 | 1,045,119 | ||||||
| British American Tobacco PLC | 66,914 | 1,964,346 | ||||||
| BT Group PLC | 197,690 | 252,807 | ||||||
| Burberry Group PLC | 7,488 | 107,143 | ||||||
| Compass Group PLC | 14,977 | 416,566 | ||||||
| Croda International PLC | 7,591 | 434,786 | ||||||
| Diageo PLC | 44,785 | 1,547,755 | ||||||
| Entain PLC | 1,667 | 16,264 | ||||||
| Experian PLC | 17,439 | 703,384 | ||||||
| Flutter Entertainment PLC(a) | 3,744 | 693,609 | ||||||
| GSK PLC | 64,724 | 1,342,823 | ||||||
| Haleon PLC | 109,830 | 463,849 | ||||||
| HSBC Holdings PLC | 281,521 | 2,440,210 | ||||||
| Imperial Brands PLC | 23,921 | 546,598 | ||||||
| Informa PLC | 28,299 | 280,157 | ||||||
| Intertek Group PLC | 1,891 | 116,385 | ||||||
| Legal & General Group PLC | 162,520 | 477,077 | ||||||
| Lloyds Banking Group PLC | 1,005,264 | 648,780 | ||||||
| London Stock Exchange Group PLC | 4,368 | 481,529 | ||||||
| National Grid PLC | 53,144 | 697,098 | ||||||
| NatWest Group PLC, NVS | 181,427 | 684,775 | ||||||
| Ocado Group PLC(a) | 11,674 | 51,111 | ||||||
| Pearson PLC | 14,872 | 180,454 | ||||||
| Prudential PLC | 44,393 | 386,101 | ||||||
| Reckitt Benckiser Group PLC | 8,842 | 494,330 | ||||||
| RELX PLC | 38,107 | 1,565,697 | ||||||
| Rentokil Initial PLC | 46,674 | 235,609 | ||||||
| Severn Trent PLC | 16,015 | 493,651 | ||||||
| Smiths Group PLC | 17,774 | 358,323 | ||||||
| Spirax-Sarco Engineering PLC | 876 | 96,393 | ||||||
| Standard Chartered PLC | 17,483 | 150,206 | ||||||
| Unilever PLC | 25,794 | 1,334,344 | ||||||
| United Utilities Group PLC | 53,432 | 696,495 | ||||||
| Vodafone Group PLC | 416,936 | 351,603 | ||||||
| Whitbread PLC | 6,371 | 251,099 | ||||||
| WPP PLC | 15,784 | 158,206 | ||||||
| 30,043,085 | ||||||||
| United States — 62.4% | ||||||||
| Abbott Laboratories | 21,931 | 2,324,028 | ||||||
| AbbVie Inc. | 25,011 | 4,067,789 | ||||||
| Accenture PLC, Class A | 8,359 | 2,515,307 | ||||||
| Adobe Inc.(a) | 5,905 | 2,733,011 | ||||||
| Advanced Micro Devices Inc.(a) | 21,892 | 3,467,255 | ||||||
| AECOM | 2,456 | 226,836 | ||||||
| Aflac Inc. | 13,002 | 1,087,617 | ||||||
| Agilent Technologies Inc. | 3,495 | 478,955 | ||||||
| Airbnb Inc.(a) | 7,978 | 1,265,071 | ||||||
| Akamai Technologies Inc.(a) | 4,305 | 434,504 | ||||||
| Albemarle Corp. | 6,566 | 789,955 | ||||||
| Alexandria Real Estate Equities Inc. | 1,177 | 136,379 | ||||||
| Align Technology Inc.(a) | 1,265 | 357,211 | ||||||
7
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| Allegion PLC | 4,914 | $ | 597,346 | |||||
| Allstate Corp. (The) | 1,299 | 220,908 | ||||||
| Alnylam Pharmaceuticals Inc.(a) | 360 | 51,822 | ||||||
| Alphabet Inc., Class A(a) | 79,594 | 12,956,311 | ||||||
| Alphabet Inc., Class C, NVS(a) | 64,636 | 10,641,671 | ||||||
| Altria Group Inc. | 55,686 | 2,439,604 | ||||||
| Amazon.com Inc.(a) | 120,090 | 21,015,750 | ||||||
| American Express Co. | 8,684 | 2,032,317 | ||||||
| American Financial Group Inc./OH | 885 | 113,059 | ||||||
| American International Group Inc. | 14,808 | 1,115,190 | ||||||
| American Tower Corp. | 6,755 | 1,158,888 | ||||||
| American Water Works Co. Inc. | 10,745 | 1,314,328 | ||||||
| Ameriprise Financial Inc. | 996 | 410,143 | ||||||
| AMETEK Inc. | 10,956 | 1,913,575 | ||||||
| Amgen Inc. | 8,427 | 2,308,492 | ||||||
| Amphenol Corp., Class A | 12,616 | 1,523,634 | ||||||
| Analog Devices Inc. | 8,175 | 1,639,987 | ||||||
| Annaly Capital Management Inc. | 11,071 | 207,471 | ||||||
| Ansys Inc.(a) | 631 | 204,999 | ||||||
| Aon PLC, Class A | 2,405 | 678,234 | ||||||
| Apollo Global Management Inc. | 5,390 | 584,168 | ||||||
| Apple Inc. | 204,580 | 34,846,111 | ||||||
| Applied Materials Inc. | 4,482 | 890,349 | ||||||
| Arch Capital Group Ltd.(a) | 7,084 | 662,637 | ||||||
| Arista Networks Inc.(a) | 3,596 | 922,590 | ||||||
| Arthur J Gallagher & Co. | 2,290 | 537,440 | ||||||
| Aspen Technology Inc.(a) | 600 | 118,122 | ||||||
| AT&T Inc. | 104,710 | 1,768,552 | ||||||
| Atlassian Corp., NVS(a) | 1,481 | 255,176 | ||||||
| Autodesk Inc.(a) | 2,767 | 588,956 | ||||||
| Automatic Data Processing Inc. | 8,328 | 2,014,460 | ||||||
| AvalonBay Communities Inc. | 1,645 | 311,843 | ||||||
| Avery Dennison Corp. | 57 | 12,385 | ||||||
| Axon Enterprise Inc.(a) | 4,424 | 1,387,632 | ||||||
| Baker Hughes Co., Class A | 69,495 | 2,266,927 | ||||||
| Bank of America Corp. | 88,263 | 3,266,614 | ||||||
| Bank of New York Mellon Corp. (The) | 12,600 | 711,774 | ||||||
| Bath & Body Works Inc. | 6,295 | 285,919 | ||||||
| Baxter International Inc. | 2,548 | 102,863 | ||||||
| Becton Dickinson and Co. | 5,114 | 1,199,744 | ||||||
| Berkshire Hathaway Inc., Class B(a) | 14,180 | 5,625,631 | ||||||
| Biogen Inc.(a) | 1,860 | 399,565 | ||||||
| BlackRock Inc.(g) | 1,585 | 1,196,104 | ||||||
| Blackstone Inc., NVS | 9,464 | 1,103,597 | ||||||
| Block Inc.(a) | 4,869 | 355,437 | ||||||
| Booking Holdings Inc. | 492 | 1,698,399 | ||||||
| Booz Allen Hamilton Holding Corp., Class A | 2,762 | 407,865 | ||||||
| Boston Properties Inc. | 3,843 | 237,843 | ||||||
| Boston Scientific Corp.(a) | 20,912 | 1,502,945 | ||||||
| Bristol-Myers Squibb Co. | 42,687 | 1,875,667 | ||||||
| Broadcom Inc. | 6,467 | 8,408,846 | ||||||
| Broadridge Financial Solutions Inc. | 3,433 | 663,977 | ||||||
| Brown & Brown Inc. | 2,209 | 180,122 | ||||||
| Brown-Forman Corp., Class B | 9,197 | 440,076 | ||||||
| Burlington Stores Inc.(a) | 296 | 53,262 | ||||||
| Cadence Design Systems Inc.(a) | 3,212 | 885,324 | ||||||
| Caesars Entertainment Inc.(a) | 2,188 | 78,374 | ||||||
| Capital One Financial Corp. | 4,576 | 656,336 | ||||||
| Cardinal Health Inc. | 4,034 | 415,663 | ||||||
| Carlyle Group Inc. (The) | 3,178 | 142,374 | ||||||
| Carnival Corp.(a) | 10,934 | 162,042 | ||||||
| Catalent Inc.(a) | 1,518 | 84,780 | ||||||
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| Cboe Global Markets Inc. | 385 | $ | 69,743 | |||||
| CDW Corp./DE | 986 | 238,474 | ||||||
| Celsius Holdings Inc.(a) | 5,108 | 364,047 | ||||||
| Centene Corp.(a) | 2,751 | 200,988 | ||||||
| Charles River Laboratories International Inc.(a) | 253 | 57,937 | ||||||
| Charles Schwab Corp. (The) | 19,248 | 1,423,390 | ||||||
| Charter Communications Inc., Class A(a) | 1,974 | 505,226 | ||||||
| Chipotle Mexican Grill Inc., Class A(a) | 441 | 1,393,384 | ||||||
| Chubb Ltd. | 7,304 | 1,816,067 | ||||||
| Church & Dwight Co. Inc. | 4,804 | 518,304 | ||||||
| Cigna Group (The) | 3,180 | 1,135,387 | ||||||
| Cintas Corp. | 1,875 | 1,234,388 | ||||||
| Cisco Systems Inc. | 72,563 | 3,409,010 | ||||||
| Citigroup Inc. | 34,265 | 2,101,472 | ||||||
| Citizens Financial Group Inc. | 23,914 | 815,707 | ||||||
| Cloudflare Inc., Class A(a) | 1,249 | 109,163 | ||||||
| CME Group Inc. | 4,647 | 974,197 | ||||||
| Coca-Cola Co. (The) | 66,456 | 4,104,987 | ||||||
| Cognizant Technology Solutions Corp., Class A | 8,231 | 540,612 | ||||||
| Coinbase Global Inc., Class A(a) | 2,275 | 463,941 | ||||||
| Colgate-Palmolive Co. | 13,523 | 1,243,034 | ||||||
| Comcast Corp., Class A | 61,132 | 2,329,741 | ||||||
| Constellation Brands Inc., Class A | 4,470 | 1,132,966 | ||||||
| Constellation Energy Corp. | 5,006 | 930,816 | ||||||
| Cooper Companies Inc. (The) | 3,888 | 346,265 | ||||||
| Corpay Inc.(a) | 1,271 | 384,020 | ||||||
| Corteva Inc. | 35,092 | 1,899,530 | ||||||
| CoStar Group Inc.(a) | 5,480 | 501,584 | ||||||
| Costco Wholesale Corp. | 4,285 | 3,097,627 | ||||||
| Crowdstrike Holdings Inc., Class A(a) | 1,949 | 570,160 | ||||||
| Crown Castle Inc. | 7,543 | 707,383 | ||||||
| CSX Corp. | 32,498 | 1,079,584 | ||||||
| CVS Health Corp. | 11,926 | 807,509 | ||||||
| Danaher Corp. | 9,422 | 2,323,654 | ||||||
| Darden Restaurants Inc. | 299 | 45,870 | ||||||
| Darling Ingredients Inc.(a) | 2,126 | 90,079 | ||||||
| Datadog Inc., Class A(a) | 2,288 | 287,144 | ||||||
| DaVita Inc.(a) | 2,313 | 321,530 | ||||||
| Dayforce Inc.(a) | 3,493 | 214,365 | ||||||
| Deckers Outdoor Corp.(a) | 547 | 447,703 | ||||||
| Deere & Co. | 3,395 | 1,328,837 | ||||||
| Dexcom Inc.(a) | 5,287 | 673,511 | ||||||
| Digital Realty Trust Inc. | 3,568 | 495,167 | ||||||
| Discover Financial Services | 5,044 | 639,226 | ||||||
| Dollar General Corp. | 4,589 | 638,743 | ||||||
| Dollar Tree Inc.(a) | 4,640 | 548,680 | ||||||
| Domino’s Pizza Inc. | 85 | 44,988 | ||||||
| DoorDash Inc., Class A(a) | 3,889 | 502,692 | ||||||
| DraftKings Inc., Class A (a) | 7,035 | 292,375 | ||||||
| Dropbox Inc., Class A(a) | 4,540 | 105,146 | ||||||
| Eaton Corp. PLC | 3,637 | 1,157,512 | ||||||
| eBay Inc. | 22,880 | 1,179,235 | ||||||
| Ecolab Inc. | 6,212 | 1,404,844 | ||||||
| Edison International | 21,579 | 1,533,404 | ||||||
| Edwards Lifesciences Corp.(a) | 9,336 | 790,479 | ||||||
| Electronic Arts Inc. | 4,201 | 532,771 | ||||||
| Elevance Health Inc. | 2,653 | 1,402,323 | ||||||
| Eli Lilly & Co. | 10,588 | 8,270,287 | ||||||
| Emerson Electric Co. | 8,129 | 876,144 | ||||||
| Enphase Energy Inc.(a) | 3,165 | 344,225 | ||||||
| Entegris Inc. | 1,163 | 154,586 | ||||||
| EPAM Systems Inc.(a) | 708 | 166,564 | ||||||
8
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| Equifax Inc. | 2,810 | $ | 618,734 | |||||
| Equinix Inc. | 1,242 | 883,199 | ||||||
| Equitable Holdings Inc. | 22,859 | 843,726 | ||||||
| Equity Residential | 3,116 | 200,670 | ||||||
| Erie Indemnity Co., Class A, NVS | 270 | 103,318 | ||||||
| Essential Utilities Inc. | 8,716 | 318,831 | ||||||
| Essex Property Trust Inc. | 323 | 79,539 | ||||||
| Estee Lauder Companies Inc. (The), Class A | 5,488 | 805,144 | ||||||
| Etsy Inc.(a) | 2,992 | 205,461 | ||||||
| Everest Group Ltd. | 577 | 211,419 | ||||||
| Eversource Energy | 6,665 | 404,032 | ||||||
| Exact Sciences Corp.(a)(b) | 1,377 | 81,725 | ||||||
| Exelon Corp. | 3,409 | 128,110 | ||||||
| Extra Space Storage Inc. | 3,382 | 454,135 | ||||||
| F5 Inc.(a) | 2,227 | 368,145 | ||||||
| Fair Isaac Corp.(a) | 312 | 353,599 | ||||||
| Fastenal Co. | 12,109 | 822,685 | ||||||
| FedEx Corp. | 958 | 250,785 | ||||||
| Fidelity National Financial Inc. | 3,777 | 186,962 | ||||||
| Fidelity National Information Services Inc. | 8,566 | 581,803 | ||||||
| Fifth Third Bancorp | 7,904 | 288,180 | ||||||
| First Citizens BancShares Inc./NC, Class A | 179 | 301,930 | ||||||
| First Solar Inc.(a) | 2,397 | 422,591 | ||||||
| Fiserv Inc.(a) | 9,177 | 1,401,053 | ||||||
| FMC Corp. | 13,821 | 815,577 | ||||||
| Fortinet Inc.(a) | 6,838 | 432,025 | ||||||
| Fortive Corp. | 18,483 | 1,391,215 | ||||||
| Fox Corp., Class A, NVS | 1,810 | 56,128 | ||||||
| Freeport-McMoRan Inc. | 60,148 | 3,003,791 | ||||||
| Gaming and Leisure Properties Inc. | 1,643 | 70,205 | ||||||
| Garmin Ltd. | 5,042 | 728,418 | ||||||
| Gartner Inc.(a) | 1,356 | 559,472 | ||||||
| Gen Digital Inc. | 25,736 | 518,323 | ||||||
| General Mills Inc. | 2,735 | 192,708 | ||||||
| Gilead Sciences Inc. | 21,524 | 1,403,365 | ||||||
| Global Payments Inc. | 4,472 | 549,027 | ||||||
| Goldman Sachs Group Inc. (The) | 4,669 | 1,992,309 | ||||||
| Graco Inc. | 8,022 | 643,364 | ||||||
| Halliburton Co. | 128,754 | 4,824,412 | ||||||
| Hartford Financial Services Group Inc. (The) | 4,580 | 443,756 | ||||||
| HCA Healthcare Inc. | 3,432 | 1,063,302 | ||||||
| HEICO Corp., Class A | 6,450 | 1,069,733 | ||||||
| Hershey Co. (The) | 3,224 | 625,198 | ||||||
| Hilton Worldwide Holdings Inc. | 2,987 | 589,275 | ||||||
| Hologic Inc.(a) | 5,201 | 394,080 | ||||||
| Home Depot Inc. (The) | 13,567 | 4,534,363 | ||||||
| Honeywell International Inc. | 5,536 | 1,066,953 | ||||||
| Host Hotels & Resorts Inc. | 21,944 | 414,083 | ||||||
| Hubbell Inc., Class B | 1,798 | 666,195 | ||||||
| HubSpot Inc.(a) | 199 | 120,369 | ||||||
| Humana Inc. | 1,282 | 387,279 | ||||||
| Huntington Bancshares Inc./Ohio | 13,624 | 183,515 | ||||||
| IDEX Corp. | 4,365 | 962,308 | ||||||
| IDEXX Laboratories Inc.(a) | 1,337 | 658,820 | ||||||
| Illinois Tool Works Inc. | 4,810 | 1,174,169 | ||||||
| Illumina Inc.(a) | 1,007 | 123,911 | ||||||
| Incyte Corp.(a) | 1,561 | 81,250 | ||||||
| Ingersoll Rand Inc. | 15,611 | 1,456,819 | ||||||
| Insulet Corp.(a) | 544 | 93,535 | ||||||
| Intel Corp. | 57,405 | 1,749,130 | ||||||
| Intercontinental Exchange Inc. | 7,148 | 920,376 | ||||||
| International Business Machines Corp. | 15,320 | 2,546,184 | ||||||
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| International Flavors & Fragrances Inc. | 3,096 | $ | 262,076 | |||||
| Interpublic Group of Companies Inc. (The) | 6,291 | 191,498 | ||||||
| Intuit Inc. | 3,678 | 2,301,030 | ||||||
| Intuitive Surgical Inc.(a) | 4,772 | 1,768,599 | ||||||
| Invitation Homes Inc. | 5,668 | 193,846 | ||||||
| IQVIA Holdings Inc.(a) | 3,120 | 723,122 | ||||||
| Iron Mountain Inc. | 4,992 | 386,980 | ||||||
| Jack Henry & Associates Inc. | 206 | 33,514 | ||||||
| Jacobs Solutions Inc., NVS | 3,795 | 544,696 | ||||||
| Jazz Pharmaceuticals PLC(a) | 1,932 | 213,969 | ||||||
| Johnson & Johnson | 35,027 | 5,064,554 | ||||||
| JPMorgan Chase & Co. | 37,545 | 7,198,878 | ||||||
| Kenvue Inc. | 17,203 | 323,760 | ||||||
| Keurig Dr Pepper Inc. | 15,630 | 526,731 | ||||||
| KeyCorp | 16,750 | 242,708 | ||||||
| Keysight Technologies Inc.(a) | 3,609 | 533,915 | ||||||
| Kimco Realty Corp. | 3,676 | 68,484 | ||||||
| Kinder Morgan Inc. | 110,243 | 2,015,242 | ||||||
| KKR & Co. Inc. | 6,465 | 601,698 | ||||||
| KLA Corp. | 3,142 | 2,165,749 | ||||||
| Laboratory Corp.of America Holdings | 1,590 | 320,178 | ||||||
| Lam Research Corp. | 1,828 | 1,634,981 | ||||||
| Las Vegas Sands Corp. | 9,418 | 417,782 | ||||||
| Lattice Semiconductor Corp.(a)(b) | 1,931 | 132,467 | ||||||
| Leidos Holdings Inc. | 2,916 | 408,882 | ||||||
| Liberty Broadband Corp., Class C (a) | 2,441 | 121,391 | ||||||
| Liberty Media Corp.-Liberty Formula One, NVS(a) | 4,680 | 327,460 | ||||||
| Liberty Media Corp.-Liberty SiriusXM, NVS(a) | 12,767 | 307,174 | ||||||
| Linde PLC | 5,444 | 2,400,586 | ||||||
| Live Nation Entertainment Inc.(a) | 788 | 70,061 | ||||||
| Loews Corp. | 24,961 | 1,875,819 | ||||||
| Lowe’s Companies Inc. | 8,463 | 1,929,479 | ||||||
| LPL Financial Holdings Inc. | 651 | 175,204 | ||||||
| Lululemon Athletica Inc.(a) | 1,781 | 642,229 | ||||||
| M&T Bank Corp. | 3,036 | 438,368 | ||||||
| MarketAxess Holdings Inc. | 520 | 104,047 | ||||||
| Marriott International Inc./MD, Class A | 2,322 | 548,294 | ||||||
| Marsh & McLennan Companies Inc. | 7,990 | 1,593,446 | ||||||
| Marvell Technology Inc. | 13,878 | 914,699 | ||||||
| Masco Corp. | 3,506 | 239,986 | ||||||
| Mastercard Inc., Class A | 11,249 | 5,075,549 | ||||||
| Match Group Inc.(a) | 2,123 | 65,431 | ||||||
| McCormick & Co. Inc./MD, NVS | 755 | 57,425 | ||||||
| McDonald’s Corp. | 12,086 | 3,299,961 | ||||||
| Medtronic PLC | 14,733 | 1,182,176 | ||||||
| MercadoLibre Inc.(a)(b) | 728 | 1,061,934 | ||||||
| Merck & Co. Inc. | 34,689 | 4,482,513 | ||||||
| Meta Platforms Inc., Class A | 28,918 | 12,439,656 | ||||||
| MetLife Inc. | 13,245 | 941,455 | ||||||
| Mettler-Toledo International Inc.(a) | 283 | 348,005 | ||||||
| MGM Resorts International(a) | 8,042 | 317,176 | ||||||
| Microchip Technology Inc. | 10,511 | 966,802 | ||||||
| Micron Technology Inc. | 9,881 | 1,116,158 | ||||||
| Microsoft Corp. | 90,993 | 35,426,305 | ||||||
| Mid-America Apartment Communities Inc. | 418 | 54,340 | ||||||
| Moderna Inc.(a)(b) | 2,175 | 239,924 | ||||||
| Mondelez International Inc., Class A | 16,218 | 1,166,723 | ||||||
| MongoDB Inc., Class A(a)(b) | 609 | 222,395 | ||||||
| Monolithic Power Systems Inc. | 498 | 333,326 | ||||||
| Monster Beverage Corp.(a) | 14,189 | 758,402 | ||||||
| Moody’s Corp. | 1,452 | 537,719 | ||||||
| Morgan Stanley | 15,171 | 1,378,134 | ||||||
9
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| Motorola Solutions Inc. | 3,581 | $ | 1,214,496 | |||||
| NetApp Inc. | 7,004 | 715,879 | ||||||
| Netflix Inc.(a) | 6,083 | 3,349,543 | ||||||
| Newmont Corp. | 8,905 | 361,899 | ||||||
| NextEra Energy Inc. | 27,933 | 1,870,673 | ||||||
| Nike Inc., Class B | 16,983 | 1,566,852 | ||||||
| Nordson Corp. | 861 | 222,302 | ||||||
| Norfolk Southern Corp. | 3,079 | 709,155 | ||||||
| Northern Trust Corp. | 2,409 | 198,478 | ||||||
| Nvidia Corp. | 32,481 | 28,064,234 | ||||||
| NXP Semiconductors NV | 4,502 | 1,153,367 | ||||||
| Okta Inc.(a) | 656 | 60,995 | ||||||
| Old Dominion Freight Line Inc. | 2,866 | 520,781 | ||||||
| Omnicom Group Inc. | 2,519 | 233,864 | ||||||
| ON Semiconductor Corp.(a) | 4,877 | 342,170 | ||||||
| Oracle Corp. | 24,370 | 2,772,088 | ||||||
| O’Reilly Automotive Inc.(a) | 289 | 292,832 | ||||||
| Otis Worldwide Corp. | 8,932 | 814,598 | ||||||
| Palantir Technologies Inc.(a) | 24,819 | 545,273 | ||||||
| Palo Alto Networks Inc.(a) | 3,731 | 1,085,311 | ||||||
| Parker-Hannifin Corp. | 6,014 | 3,277,089 | ||||||
| Paychex Inc. | 10,510 | 1,248,693 | ||||||
| Paycom Software Inc. | 1,985 | 373,140 | ||||||
| Paylocity Holding Corp.(a) | 984 | 152,677 | ||||||
| PayPal Holdings Inc.(a) | 14,737 | 1,000,937 | ||||||
| PepsiCo Inc. | 16,422 | 2,888,794 | ||||||
| Pfizer Inc. | 82,120 | 2,103,914 | ||||||
| PG&E Corp. | 38,080 | 651,549 | ||||||
| Philip Morris International Inc. | 31,073 | 2,950,071 | ||||||
| Pinterest Inc., Class A(a) | 6,150 | 205,718 | ||||||
| PNC Financial Services Group Inc. (The) | 5,690 | 872,049 | ||||||
| Pool Corp. | 47 | 17,039 | ||||||
| PPG Industries Inc. | 794 | 102,426 | ||||||
| Principal Financial Group Inc. | 4,955 | 392,139 | ||||||
| Procter & Gamble Co. (The) | 36,400 | 5,940,480 | ||||||
| Progressive Corp. (The) | 7,280 | 1,516,060 | ||||||
| Prologis Inc. | 13,033 | 1,330,018 | ||||||
| Prudential Financial Inc. | 1,100 | 121,528 | ||||||
| PTC Inc.(a) | 1,875 | 332,700 | ||||||
| Public Storage | 3,018 | 783,020 | ||||||
| Qualcomm Inc. | 15,522 | 2,574,324 | ||||||
| Quanta Services Inc. | 197 | 50,936 | ||||||
| Quest Diagnostics Inc. | 2,646 | 365,624 | ||||||
| Realty Income Corp. | 2,198 | 117,681 | ||||||
| Regency Centers Corp. | 551 | 32,630 | ||||||
| Regeneron Pharmaceuticals Inc.(a) | 1,456 | 1,296,801 | ||||||
| Regions Financial Corp. | 15,767 | 303,830 | ||||||
| Reliance Inc. | 5,767 | 1,641,980 | ||||||
| ResMed Inc. | 1,059 | 226,615 | ||||||
| Revvity Inc. | 972 | 99,601 | ||||||
| Rivian Automotive Inc., Class A(a)(b) | 20,719 | 184,399 | ||||||
| Robert Half Inc. | 1,884 | 130,260 | ||||||
| ROBLOX Corp., Class A(a) | 3,229 | 114,823 | ||||||
| Rockwell Automation Inc. | 1,144 | 309,978 | ||||||
| Roku Inc.(a)(b) | 728 | 41,976 | ||||||
| Rollins Inc. | 5,616 | 250,249 | ||||||
| Roper Technologies Inc. | 3,008 | 1,538,472 | ||||||
| Ross Stores Inc. | 4,051 | 524,807 | ||||||
| Royal Caribbean Cruises Ltd.(a) | 3,714 | 518,586 | ||||||
| Royalty Pharma PLC, Class A | 16,071 | 445,167 | ||||||
| S&P Global Inc. | 3,392 | 1,410,495 | ||||||
| Salesforce Inc. | 12,197 | 3,280,261 | ||||||
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| SBA Communications Corp., Class A | 2,199 | $ | 409,278 | |||||
| Schlumberger NV | 43,818 | 2,080,479 | ||||||
| Sempra Energy | 3,779 | 270,690 | ||||||
| ServiceNow Inc.(a) | 2,288 | 1,586,339 | ||||||
| Sherwin-Williams Co. (The) | 3,475 | 1,041,145 | ||||||
| Simon Property Group Inc. | 6,760 | 949,983 | ||||||
| Sirius XM Holdings Inc.(b) | 50,760 | 149,234 | ||||||
| Skyworks Solutions Inc. | 1,352 | 144,110 | ||||||
| Snap Inc., Class A, NVS(a) | 11,441 | 172,187 | ||||||
| Snap-on Inc. | 926 | 248,131 | ||||||
| Snowflake Inc., Class A(a) | 2,936 | 455,667 | ||||||
| SS&C Technologies Holdings Inc. | 16,618 | 1,028,488 | ||||||
| Starbucks Corp. | 17,587 | 1,556,274 | ||||||
| State Street Corp. | 4,368 | 316,636 | ||||||
| Steel Dynamics Inc. | 1,413 | 183,860 | ||||||
| STERIS PLC | 1,648 | 337,115 | ||||||
| Stryker Corp. | 3,956 | 1,331,194 | ||||||
| Sun Communities Inc. | 707 | 78,703 | ||||||
| Super Micro Computer Inc.(a) | 903 | 775,496 | ||||||
| Synchrony Financial | 12,161 | 534,841 | ||||||
| Synopsys Inc.(a) | 1,707 | 905,717 | ||||||
| T Rowe Price Group Inc. | 2,325 | 254,750 | ||||||
| Take-Two Interactive Software Inc.(a) | 1,866 | 266,483 | ||||||
| Targa Resources Corp. | 51,013 | 5,818,543 | ||||||
| Target Corp. | 5,681 | 914,527 | ||||||
| TE Connectivity Ltd. | 6,638 | 939,144 | ||||||
| Teleflex Inc. | 520 | 108,550 | ||||||
| Teradyne Inc. | 4,571 | 531,699 | ||||||
| Tesla Inc.(a) | 38,959 | 7,140,406 | ||||||
| Texas Instruments Inc. | 14,256 | 2,515,044 | ||||||
| Texas Pacific Land Corp. | 3,035 | 1,749,071 | ||||||
| Thermo Fisher Scientific Inc. | 4,928 | 2,802,652 | ||||||
| TJX Companies Inc. (The) | 12,339 | 1,160,977 | ||||||
| T-Mobile U.S. Inc. | 6,369 | 1,045,599 | ||||||
| Trade Desk Inc. (The), Class A(a) | 6,304 | 522,286 | ||||||
| Tradeweb Markets Inc., Class A | 975 | 99,167 | ||||||
| TransDigm Group Inc. | 766 | 955,991 | ||||||
| TransUnion | 7,228 | 527,644 | ||||||
| Travelers Companies Inc. (The) | 3,127 | 663,424 | ||||||
| Trimble Inc.(a) | 10,989 | 660,109 | ||||||
| Truist Financial Corp. | 22,829 | 857,229 | ||||||
| U.S. Bancorp | 18,868 | 766,607 | ||||||
| Uber Technologies Inc.(a) | 19,659 | 1,302,802 | ||||||
| U-Haul Holding Co.(b) | 204 | 12,509 | ||||||
| Ulta Beauty Inc.(a) | 1,346 | 544,915 | ||||||
| Union Pacific Corp. | 8,712 | 2,066,138 | ||||||
| United Parcel Service Inc., Class B | 7,720 | 1,138,546 | ||||||
| United Rentals Inc. | 3,121 | 2,084,797 | ||||||
| United Therapeutics Corp.(a) | 824 | 193,088 | ||||||
| UnitedHealth Group Inc. | 12,321 | 5,959,668 | ||||||
| Vail Resorts Inc. | 1,104 | 209,064 | ||||||
| Veeva Systems Inc., Class A(a) | 3,605 | 715,809 | ||||||
| VeriSign Inc.(a) | 1,136 | 192,529 | ||||||
| Verisk Analytics Inc., Class A | 3,700 | 806,452 | ||||||
| Verizon Communications Inc. | 64,155 | 2,533,481 | ||||||
| Vertex Pharmaceuticals Inc.(a) | 3,432 | 1,348,124 | ||||||
| Vertiv Holdings Co., Class A | 5,285 | 491,505 | ||||||
| Viatris Inc. | 51,128 | 591,551 | ||||||
| VICI Properties Inc., Class A | 13,624 | 388,965 | ||||||
| Visa Inc., Class A(b) | 22,000 | 5,909,420 | ||||||
| Vulcan Materials Co. | 3,572 | 920,254 | ||||||
| W R Berkley Corp. | 2,090 | 160,867 | ||||||
10
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| Walgreens Boots Alliance Inc. | 3,901 | $ | 69,165 | |||||
| Walmart Inc. | 46,281 | 2,746,777 | ||||||
| Walt Disney Co. (The) | 23,362 | 2,595,518 | ||||||
| Warner Bros Discovery Inc.(a) | 16,330 | 120,189 | ||||||
| Waters Corp.(a) | 481 | 148,648 | ||||||
| Wells Fargo & Co. | 46,408 | 2,752,923 | ||||||
| Welltower Inc. | 5,488 | 522,897 | ||||||
| West Pharmaceutical Services Inc. | 936 | 334,601 | ||||||
| Westinghouse Air Brake Technologies Corp. | 2,263 | 364,524 | ||||||
| Williams Companies Inc. (The) | 1,285 | 49,293 | ||||||
| Willis Towers Watson PLC | 1,796 | 451,047 | ||||||
| Workday Inc., Class A(a) | 1,560 | 381,779 | ||||||
| WW Grainger Inc. | 244 | 224,809 | ||||||
| Wynn Resorts Ltd. | 2,286 | 209,512 | ||||||
| Xylem Inc./New York | 7,241 | 946,399 | ||||||
| Yum! Brands Inc. | 2,919 | 412,309 | ||||||
| Zillow Group Inc., Class C (a)(b) | 4,472 | 190,373 | ||||||
| Zimmer Biomet Holdings Inc. | 4,253 | 511,551 | ||||||
| Zoetis Inc. | 6,139 | 977,574 | ||||||
| Zoom Video Communications Inc., Class A(a) | 2,392 | 146,151 | ||||||
| Zscaler Inc.(a) | 176 | 30,437 | ||||||
| 559,737,429 | ||||||||
| Total Common Stocks — 99.5% | ||||||||
| (Cost: $761,842,219) | 892,832,165 | |||||||
| Preferred Stocks | ||||||||
| Brazil — 0.1% | ||||||||
| Banco Bradesco SA, Preference Shares, NVS | 113,347 | 305,600 | ||||||
| Itau Unibanco Holding SA, Preference Shares, NVS | 64,290 | 388,271 | ||||||
| 693,871 | ||||||||
| Colombia — 0.0% | ||||||||
| Bancolombia SA, Preference Shares, NVS | 26,918 | 220,257 | ||||||
| Germany — 0.1% | ||||||||
| Dr Ing hc F Porsche AG, Preference Shares, NVS(c) | 5,848 | 520,626 | ||||||
| Sartorius AG, Preference Shares, NVS(b) | 116 | 34,679 | ||||||
| 555,305 | ||||||||
| Total Preferred Stocks — 0.2% | ||||||||
| (Cost: $1,491,995) | 1,469,433 | |||||||
| Security | Shares | Value | ||||||
| Warrants | ||||||||
| Canada — 0.0% | ||||||||
| Constellation Software Inc., (Issued 08/29/23, | ||||||||
| 1 Share for 1 Warrant, Expires 03/31/40, Strike | ||||||||
| Price CAD 11.50)(e) | 555 | $ | — | |||||
| Total Warrants — 0.0% | ||||||||
| (Cost: $—) | — | |||||||
| Total Long-Term Investments — 99.7% | ||||||||
| (Cost: $763,334,214) | 894,301,598 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 1.3% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency | ||||||||
| Shares, 5.49%(g)(h)(i) | 11,168,948 | 11,172,298 | ||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, | ||||||||
| 5.28%(g)(h) | 660,000 | 660,000 | ||||||
| Total Short-Term Securities — 1.3% | ||||||||
| (Cost: $11,831,810) | 11,832,298 | |||||||
| Total Investments — 101.0% | ||||||||
| (Cost: $775,166,024) | 906,133,896 | |||||||
| Liabilities in Excess of Other Assets — (1.0)% | (8,866,437 | ) | ||||||
| Net Assets — 100.0% | $ | 897,267,459 | ||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of this security is on loan. |
| (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) | Rounds to less than 1. |
| (e) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (f) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (g) | Affiliate of the Fund. |
| (h) | Annualized 7-day yield as of period end. |
| (i) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
11
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 2024 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 07/31/23 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 04/30/24 | Shares Held at 04/30/24 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 7,598,918 | $ | 3,578,087 | (a) | $ | — | $ | (2,687 | ) | $ | (2,020 | ) | $ | 11,172,298 | 11,168,948 | $ | 69,038 | (b) | $ | — | |||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 1,170,000 | — | (510,000 | )(a) | — | — | 660,000 | 660,000 | 50,168 | — | ||||||||||||||||||||||||||
| BlackRock Inc. | 1,248,656 | — | (79,896 | ) | 33,499 | (6,155 | ) | 1,196,104 | 1,585 | 24,534 | — | |||||||||||||||||||||||||
| $ | 30,812 | $ | (8,175 | ) | $ | 13,028,402 | $ | 143,740 | $ | — | ||||||||||||||||||||||||||
| (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. |
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 | 5 | 06/21/24 | $ | 567 | $ | (11,039 | ) | |||||||
| MSCI Emerging Markets Index | 8 | 06/21/24 | 417 | 2,897 | ||||||||||
| S&P 500 E-Mini Index | 5 | 06/21/24 | 1,266 | (37,452 | ) | |||||||||
| $ | (45,594 | ) | ||||||||||||
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.
12
| Schedule of Investments (unaudited) (continued) | iShares® MSCI ACWI Low Carbon Target ETF |
| April 30, 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 | $ | 612,840,640 | $ | 279,991,388 | $ | 137 | $ | 892,832,165 | ||||||||
| Preferred Stocks | 914,128 | 555,305 | — | 1,469,433 | ||||||||||||
| Warrants | — | — | — | — | ||||||||||||
| Short-Term Securities | ||||||||||||||||
| Money Market Funds | 11,832,298 | — | — | 11,832,298 | ||||||||||||
| $ | 625,587,066 | $ | 280,546,693 | $ | 137 | $ | 906,133,896 | |||||||||
| Derivative Financial Instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Equity Contracts | $ | 2,897 | $ | — | $ | — | $ | 2,897 | ||||||||
| Liabilities | ||||||||||||||||
| Equity Contracts | (48,491 | ) | — | — | (48,491 | ) | ||||||||||
| $ | (45,594 | ) | $ | — | $ | — | (45,594 | ) | ||||||||
| (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 | PJSC | Public Joint Stock Company |
| GDR | Global Depositary Receipt | REIT | Real Estate Investment Trust |
| NVDR | Non-Voting Depositary Receipt | S&P | Standard & Poor’s |
| NVS | Non-Voting Shares | ||
13