| Schedule of Investments (unaudited) April 30, 2020 |
iShares Edge MSCI Min Vol EAFE Index Fund (Percentages shown are based on Net Assets) |
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| Schedule of Investments (unaudited) (continued) April 30, 2020 |
iShares Edge MSCI Min Vol EAFE Index Fund (Percentages shown are based on Net Assets) |
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| Schedule of Investments (unaudited) (continued) April 30, 2020 |
iShares Edge MSCI Min Vol EAFE Index Fund (Percentages shown are based on Net Assets) |
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| Schedule of Investments (unaudited) (continued) April 30, 2020 |
iShares Edge MSCI Min Vol EAFE Index Fund (Percentages shown are based on Net Assets) |
| (a) | Non-income producing security. |
| (b) | A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (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) | Annualized 7-day yield as of period end. |
| (e) | Investments in issuers considered to be an affiliate/affiliates of the Fund during the period ended April 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
| Affiliated Issuer | Shares Held at 07/31/19 |
Shares Purchased |
Shares Sold |
Shares Held at 04/30/20 |
Value at 04/30/20 |
Income | Net Realized Gain (Loss) (a) |
Change in Unrealized Appreciation (Depreciation) |
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| BlackRock Cash Funds: Institutional, |
637,956 | — | (637,956 | )(c) | — | $ | — | $ | 3,819 | (d) | $ | (813 | ) | $ | (201 | ) | ||||||||||||||||
| BlackRock Cash Funds: Treasury, |
156,274 | 368,755 | (c) | — | 525,029 | 525,029 | 4,096 | — | — | |||||||||||||||||||||||
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| $ | 525,029 | $ | 7,915 | $ | (813 | ) | $ | (201 | ) | |||||||||||||||||||||||
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| (a) | Includes net capital gain distributions, if applicable. |
| (b) | As of period end, the entity is no longer held by the Fund. |
| (c) | Represents net shares purchased (sold). |
| (d) | 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. |
| Portfolio Abbreviations | ||
| FTSE | Financial Times Stock Exchange | |
| REIT | Real Estate Investment Trust | |
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| Schedule of Investments (unaudited) (continued) April 30, 2020 |
iShares Edge MSCI Min Vol EAFE Index Fund
|
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| Description | Number of Contracts |
Expiration Date |
Notional Amount (000) |
Value/ Unrealized Appreciation |
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| Long Contracts |
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| Nikkei 225 Index |
26 | 06/11/20 | $ | 2,437 | $ | 266,024 | ||||||||||
| SPI 200 Index |
22 | 06/18/20 | 1,986 | 175,049 | ||||||||||||
| FTSE 100 Index |
29 | 06/19/20 | 2,150 | 128,850 | ||||||||||||
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| $ | 569,923 | |||||||||||||||
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Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative 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) |
| • | Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments and derivative 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 Global 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 investments and derivative financial instruments is based on the pricing transparency of the investments and derivative 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 investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.
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| Schedule of Investments (unaudited) (continued) April 30, 2020 |
iShares Edge MSCI Min Vol EAFE Index Fund
|
The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Assets: |
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| Investments: |
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| Common Stocks(a): |
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| Australia |
$ | — | $ | 8,619,477 | $ | — | $ | 8,619,477 | ||||||||
| Belgium |
— | 3,516,464 | — | 3,516,464 | ||||||||||||
| China |
— | 142,715 | — | 142,715 | ||||||||||||
| Denmark |
— | 4,161,845 | — | 4,161,845 | ||||||||||||
| Finland |
— | 2,199,675 | — | 2,199,675 | ||||||||||||
| France |
— | 8,871,678 | — | 8,871,678 | ||||||||||||
| Germany |
— | 5,853,883 | — | 5,853,883 | ||||||||||||
| Hong Kong |
— | 12,579,266 | — | 12,579,266 | ||||||||||||
| Ireland |
1,584,633 | 126,150 | — | 1,710,783 | ||||||||||||
| Israel |
245,528 | 2,048,246 | — | 2,293,774 | ||||||||||||
| Italy |
— | 1,562,928 | — | 1,562,928 | ||||||||||||
| Japan |
— | 40,275,633 | — | 40,275,633 | ||||||||||||
| Netherlands |
1,140,817 | 1,215,715 | — | 2,356,532 | ||||||||||||
| New Zealand |
— | 1,062,570 | — | 1,062,570 | ||||||||||||
| Norway |
— | 1,635,924 | — | 1,635,924 | ||||||||||||
| Singapore |
— | 4,934,030 | — | 4,934,030 | ||||||||||||
| Spain |
— | 1,683,312 | — | 1,683,312 | ||||||||||||
| Sweden |
— | 791,563 | — | 791,563 | ||||||||||||
| Switzerland |
— | 19,855,426 | — | 19,855,426 | ||||||||||||
| United Kingdom |
402,941 | 16,234,232 | — | 16,637,173 | ||||||||||||
| Short-Term Securities |
525,029 | — | — | 525,029 | ||||||||||||
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| $ | 3,898,948 | $ | 137,370,732 | $ | — | $ | 141,269,680 | |||||||||
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| Derivative Financial Instruments(b) |
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| Assets: |
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| Equity contracts |
569,923 | — | — | 569,923 | ||||||||||||
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| $ | 569,923 | $ | — | $ | — | $ | 569,923 | |||||||||
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| (a) | See above Schedule of Investments for values in each country. |
| (b) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation on the instrument. |
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