Schedule of Investments (unaudited)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
(Percentages shown are based on Net Assets)
 
Security
Shares
Value
Common Stocks
Brazil — 2.8%
Ambev SA
201,836
$423,008
B3 SA - Brasil Bolsa Balcao
1,195,437
1,825,898
Banco do Brasil SA
302,131
1,234,776
Cia Energetica de Minas Gerais
100,991
247,744
Cia. Siderurgica Nacional SA
176,128
323,463
CPFL Energia SA
136,843
744,622
CSN Mineracao SA
1,044,937
916,977
Hypera SA
78,074
251,086
JBS SA
448,336
2,755,529
Neoenergia SA
51,297
163,181
Petroleo Brasileiro SA
420,256
2,996,440
Raia Drogasil SA
46,774
185,718
Suzano SA
143,035
1,477,467
TIM SA/Brazil
419,277
1,080,108
Vale SA
373,982
3,674,059
Vibra Energia SA
142,379
483,920
WEG SA
139,286
1,244,749
 
20,028,745
Chile — 0.5%
Banco de Chile
4,113,918
469,271
Cencosud SA
491,641
1,034,816
Colbun SA
7,756,967
974,190
Empresas CMPC SA
345,533
539,664
Enel Chile SA
7,952,688
437,049
Quinenco SA
88,887
287,453
 
3,742,443
China — 26.1%
37 Interactive Entertainment Network Technology
Group Co. Ltd., Class A
229,000
535,931
3SBio Inc.(a)
1,242,500
914,818
Agricultural Bank of China Ltd., Class A
1,718,900
1,141,849
Agricultural Bank of China Ltd., Class H
1,141,000
571,580
AIMA Technology Group Co. Ltd., Class A
84,900
434,232
Alibaba Group Holding Ltd.
1,301,848
14,217,793
Anhui Guangxin Agrochemical Co. Ltd., Class A
102,460
165,100
Anhui Jinhe Industrial Co. Ltd., Class A
21,200
72,472
Anker Innovations Technology Co. Ltd., Class A
10,300
117,275
ANTA Sports Products Ltd.
69,800
697,163
Atour Lifestyle Holdings Ltd., ADR
37,210
935,831
Avary Holding Shenzhen Co. Ltd., Class A
23,400
108,783
AVIC Industry-Finance Holdings Co. Ltd., Class A
752,800
429,665
Baidu Inc., Class A(b)
147,100
1,561,626
Bank of China Ltd., Class A
900,000
622,814
Bank of China Ltd., Class H
9,886,000
4,609,508
Bank of Communications Co. Ltd., Class A
62,400
63,217
Bank of Communications Co. Ltd., Class H
1,279,000
926,520
Beijing Compass Technology Development Co. Ltd.,
Class A(b)
41,500
574,185
Beijing Kingsoft Office Software Inc., Class A
2,430
99,646
Beijing Ultrapower Software Co. Ltd., Class A
202,000
339,541
Biem.L.Fdlkk Garment Co. Ltd., Class A
62,000
166,266
Bosideng International Holdings Ltd.
2,954,000
1,542,453
BYD Co. Ltd., Class A
61,400
2,346,753
BYD Co. Ltd., Class H
14,000
461,790
Capital Securities Co. Ltd., Class A
26,900
89,987
China CITIC Bank Corp. Ltd., Class A
625,300
588,038
China Coal Energy Co. Ltd., Class H
330,000
392,479
China Construction Bank Corp., Class H
10,747,000
8,125,366
China International Capital Corp. Ltd., Class H(a)
558,400
977,641
China Medical System Holdings Ltd.
636,000
642,896
Security
Shares
Value
China (continued)
China Merchants Bank Co. Ltd., Class H
391,000
$1,792,190
China Merchants Securities Co. Ltd., Class A
46,800
124,257
China Merchants Securities Co. Ltd., Class H(a)(c)
681,800
1,306,326
China National Software & Service Co. Ltd., Class A(b)
29,120
224,403
China Nonferrous Mining Corp Ltd.(c)
817,000
534,943
China Pacific Insurance Group Co. Ltd., Class H
42,000
132,968
China Petroleum & Chemical Corp., Class A
621,700
547,575
China Petroleum & Chemical Corp., Class H
2,544,000
1,367,104
China Railway Group Ltd., Class H
249,000
120,360
China Resources Mixc Lifestyle Services Ltd.(a)
47,800
181,263
China Resources Pharmaceutical Group Ltd.(a)
1,070,000
723,424
China Resources Power Holdings Co. Ltd.
156,000
357,423
China Resources Sanjiu Medical & Pharmaceutical Co.
Ltd., Class A
64,030
399,679
China Shenhua Energy Co. Ltd., Class A
64,900
358,446
China Shenhua Energy Co. Ltd., Class H
250,500
1,041,624
China Tower Corp. Ltd., Class H(a)
4,670,000
614,502
China World Trade Center Co. Ltd., Class A
54,500
169,481
China-Singapore Suzhou Industrial Park Development
Group Co. Ltd., Class A
121,900
137,059
Chinese Universe Publishing and Media Group Co.
Ltd., Class A
146,900
256,267
Chongqing Changan Automobile Co. Ltd., Class A
201,300
385,856
Chongqing Rural Commercial Bank Co. Ltd., Class H
1,608,000
884,309
Chongqing Water Group Co. Ltd., Class A
238,000
163,176
Chow Tai Fook Jewellery Group Ltd.
591,800
546,047
CITIC Ltd.
71,000
79,369
CITIC Securities Co. Ltd., Class A
65,300
278,015
CMOC Group Ltd., Class H
522,000
391,149
CNPC Capital Co. Ltd., Class A, NVS
153,900
160,280
COFCO Capital Holdings Co. Ltd., Class A
152,200
333,849
COFCO Sugar Holding Co. Ltd., Class A
208,400
283,527
Cosco Shipping Holdings Co. Ltd., Class H
546,500
767,086
CSC Financial Co. Ltd., Class A
96,800
365,984
CSC Financial Co. Ltd., Class H(a)
1,395,500
1,879,922
Dong-E-E-Jiao Co. Ltd., Class A
65,500
526,371
East Buy Holding Ltd.(a)(b)(c)
107,000
203,831
Ecovacs Robotics Co. Ltd., Class A
58,900
419,114
Focus Media Information Technology Co. Ltd., Class A
405,900
388,357
G-Bits Network Technology Xiamen Co. Ltd., Class A
7,400
212,898
GD Power Development Co. Ltd., Class A
962,300
607,644
Giant Biogene Holding Co. Ltd.(a)
149,400
965,205
Goneo Group Co. Ltd., Class A
64,465
634,796
Great Wall Motor Co. Ltd., Class H
174,500
282,639
Gree Electric Appliances Inc. of Zhuhai, Class A
50,400
293,713
Gree Real Estate Co. Ltd., Class A(b)
116,600
123,806
Greenland Holdings Corp. Ltd., Class A(b)
863,200
279,372
Greentown China Holdings Ltd.(c)
295,000
363,419
Guangdong Provincial Expressway Development Co.
Ltd., Class A
194,200
316,537
Guangdong Provincial Expressway Development Co.
Ltd., Class B
400,135
379,373
Guosen Securities Co. Ltd., Class A
455,300
724,117
Guosheng Financial Holding Inc., Class A(b)
98,800
175,551
H World Group Ltd.
294,600
942,400
Hainan Haide Capital Management Co. Ltd., Class A
170,775
185,158
Hangzhou Binjiang Real Estate Group Co. Ltd.,
Class A
268,500
352,934
Hangzhou Robam Appliances Co. Ltd., Class A
33,600
105,609
Hengdian Group DMEGC Magnetics Co. Ltd., Class A
158,500
295,550
Hisense Home Appliances Group Co. Ltd., Class A
91,300
342,339
Hisense Home Appliances Group Co. Ltd., Class H
207,000
587,017
 
1
Schedule of Investments (unaudited)(continued)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
(Percentages shown are based on Net Assets)
Security
Shares
Value
China (continued)
Huatai Securities Co. Ltd., Class H(a)
962,400
$1,664,564
Hubei Jumpcan Pharmaceutical Co. Ltd., Class A
93,000
384,306
Hundsun Technologies Inc., Class A
58,100
247,899
Industrial & Commercial Bank of China Ltd., Class A
86,800
73,740
Industrial & Commercial Bank of China Ltd., Class H
8,775,000
5,173,748
Inner Mongolia ERDOS Resources Co. Ltd., Class B
171,420
150,935
Jafron Biomedical Co. Ltd., Class A
80,600
340,771
JD Health International Inc.(a)(b)
46,750
172,448
JD.com Inc., Class A
152,850
2,857,222
Jiangsu Phoenix Publishing & Media Corp. Ltd.,
Class A
223,300
323,674
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd.,
Class A
27,000
128,863
Jiangxi Copper Co. Ltd., Class H
120,000
193,695
Jinneng Holding Shanxi Coal Industry Co. Ltd., Class A
59,300
115,472
Jizhong Energy Resources Co. Ltd., Class A 
290,600
250,863
Joincare Pharmaceutical Group Industry Co. Ltd.,
Class A
201,700
322,238
Jointown Pharmaceutical Group Co. Ltd., Class A
292,918
217,565
Joyoung Co. Ltd., Class A
72,100
111,230
Kingboard Holdings Ltd.
232,000
559,300
Kingboard Laminates Holdings Ltd.
116,500
111,317
Kingnet Network Co. Ltd., Class A
223,200
422,238
Kuaishou Technology(a)(b)
413,900
2,594,987
Kunlun Energy Co. Ltd.
710,000
671,932
Kweichow Moutai Co. Ltd., Class A
4,600
974,307
Lao Feng Xiang Co. Ltd., Class A
7,500
53,697
Lao Feng Xiang Co. Ltd., Class B
121,920
425,484
Legend Holdings Corp., Class H(a)(b)
175,500
164,344
Lenovo Group Ltd.
1,226,000
1,450,754
Li Auto Inc., Class A(b)
212,300
2,514,366
Livzon Pharmaceutical Group Inc., Class A
10,100
53,397
Meihua Holdings Group Co. Ltd., Class A
293,700
434,736
Meituan, Class B(a)(b)
519,620
10,960,484
Metallurgical Corp. of China Ltd., Class H(c)
3,142,000
664,936
Midea Group Co. Ltd., Class A
186,900
1,816,560
MINISO Group Holding Ltd.
58,200
291,088
NetEase Inc.
201,700
3,511,451
New Oriental Education & Technology Group Inc.
189,000
1,113,065
Newland Digital Technology Co. Ltd., Class A
101,900
301,903
Nongfu Spring Co. Ltd., Class H(a)
910,800
3,906,850
Northeast Securities Co. Ltd., Class A
248,300
289,130
Opple Lighting Co. Ltd., Class A
55,300
132,383
Orient Overseas International Ltd.
75,000
961,636
Orient Securities Co. Ltd., Class H(a)
1,468,000
981,035
PDD Holdings Inc., ADR(b)
81,373
7,857,377
People's Insurance Co. Group of China Ltd. (The),
Class H
1,408,000
673,957
Perfect World Co. Ltd., Class A
203,100
364,301
PetroChina Co. Ltd., Class A
2,176,500
2,417,900
PetroChina Co. Ltd., Class H
1,034,000
736,209
PICC Property & Casualty Co. Ltd., Class H
433,000
657,426
Ping An Healthcare and Technology Co. Ltd.(a)(b)(c)
242,700
465,791
Ping An Insurance Group Co. of China Ltd., Class H
567,500
3,300,457
Postal Savings Bank of China Co. Ltd., Class H(a)
2,776,000
1,580,994
Quzhou Xin'an Development Co. Ltd., Class A(b)
245,600
101,207
Radiance Holdings Group Co. Ltd.(b)(c)
686,000
274,224
Sangfor Technologies Inc., Class A
41,200
373,871
Sealand Securities Co. Ltd., Class A
482,100
307,805
Shaanxi Coal Industry Co. Ltd., Class A
133,300
431,339
Shaanxi Energy Investment Co. Ltd., Class A, NVS
205,800
273,448
Shandong Buchang Pharmaceuticals Co. Ltd., Class A
128,429
299,581
Security
Shares
Value
China (continued)
Shandong Publishing & Media Co. Ltd., Class A
119,000
$175,303
Shanghai Bairun Investment Holding Group Co. Ltd.,
Class A(b)
30,500
108,372
Shanghai Construction Group Co. Ltd., Class A
943,700
341,232
Shanghai International Port Group Co. Ltd., Class A
159,681
127,967
Shanghai M&G Stationery Inc., Class A
18,300
84,465
Shanghai Stonehill Technology Co.Ltd., Class A
349,100
178,112
Shanghai Wanye Enterprises Co. Ltd., Class A
86,500
223,311
Shanxi Coal International Energy Group Co. Ltd.,
Class A
200,400
341,614
Shanxi Lu'an Environmental Energy Development Co.
Ltd., Class A
308,100
623,506
Shanxi Xinghuacun Fen Wine Factory Co. Ltd.,
Class A
6,000
169,888
Shenwan Hongyuan Group Co. Ltd., Class A
749,000
555,968
Shenzhen Transsion Holdings Co. Ltd., Class A
34,784
457,751
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A
138,360
329,629
Sichuan Biokin Pharmaceutical Co. Ltd., Class A(b)
24,432
733,939
Sichuan Changhong Electric Co. Ltd., Class A
468,100
702,911
Simcere Pharmaceutical Group Ltd.(a)(c)
433,000
390,692
Sino Biopharmaceutical Ltd.
592,000
249,418
Sinocelltech Group Ltd., Class A(b)
22,200
120,202
Sinosoft Co. Ltd., Class A
87,040
285,695
Sinotrans Ltd., Class H
2,769,000
1,162,088
Sinotruk Hong Kong Ltd.
407,000
1,127,359
TAL Education Group, ADR(b)
8,463
84,038
Tencent Holdings Ltd.
518,900
26,797,689
Tingyi Cayman Islands Holding Corp.
784,000
985,579
Topsports International Holdings Ltd.(a)(c)
374,000
117,942
Trip.com Group Ltd.(b)
42,000
2,730,152
Tsingtao Brewery Co. Ltd., Class H
88,000
550,848
Uni-President China Holdings Ltd.
492,000
435,085
Vipshop Holdings Ltd., ADR
61,441
848,500
Want Want China Holdings Ltd.
1,734,000
976,211
Weichai Power Co. Ltd., Class H
282,000
391,038
Xiamen Xiangyu Co. Ltd., Class A
213,000
177,337
Yadea Group Holdings Ltd.(a)
416,000
661,381
Yankuang Energy Group Co. Ltd., Class H
675,700
778,897
Yixintang Pharmaceutical Group Co. Ltd., Class A
70,900
137,693
YongXing Special Materials Technology Co. Ltd.,
Class A
16,400
99,922
Yutong Bus Co. Ltd., Class A
224,500
678,731
Zangge Mining Co. Ltd., Class A
21,200
84,773
Zhejiang Publishing & Media Co. Ltd., Class A
177,300
194,552
Zhejiang Semir Garment Co. Ltd., Class A
288,600
267,272
Zhongshan Broad Ocean Motor Co. Ltd., Class A
245,400
187,095
ZTE Corp., Class H
118,400
289,317
 
185,258,805
Colombia — 0.2%
Bancolombia SA
40,176
351,629
Interconexion Electrica SA ESP
194,162
735,800
 
1,087,429
Czech Republic — 0.5%
CEZ AS
29,013
1,167,394
Komercni Banka AS
62,768
2,141,388
 
3,308,782
Egypt — 0.3%
Abou Kir Fertilizers & Chemical Industries
485,194
516,503
Eastern Co. SAE
1,541,672
843,428
Talaat Moustafa Group
377,758
441,746
 
1,801,677
2 
Schedule of Investments (unaudited)(continued)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
(Percentages shown are based on Net Assets)
Security
Shares
Value
Greece — 0.7%
Hellenic Telecommunications Organization SA
112,825
$1,782,925
Jumbo SA
27,543
719,346
Motor Oil Hellas Corinth Refineries SA
2,255
46,769
National Bank of Greece SA
101,990
719,993
OPAP SA
67,859
1,113,308
Piraeus Financial Holdings SA
146,046
537,024
 
4,919,365
Hong Kong — 0.2%
BOC Hong Kong Holdings Ltd.
514,000
1,585,948
Hungary — 0.2%
MOL Hungarian Oil & Gas PLC
80,124
549,168
OTP Bank Nyrt
15,069
816,799
Richter Gedeon Nyrt
3,685
98,019
 
1,463,986
India — 21.5%
3M India Ltd.
2,686
1,027,442
ABB India Ltd.
30,452
2,681,143
ACC Ltd.
25,146
663,345
Adani Enterprises Ltd.
33,439
977,861
AIA Engineering Ltd.
34,967
1,448,091
Ajanta Pharma Ltd.
6,877
246,675
Ambuja Cements Ltd.
68,119
429,950
Apollo Hospitals Enterprise Ltd.
9,410
761,532
Asian Paints Ltd.
34,613
1,016,828
Axis Bank Ltd.
95,095
1,282,698
Bajaj Auto Ltd.
16,747
1,793,376
Bajaj Finance Ltd.
15,823
1,234,496
Bharat Electronics Ltd.
641,498
2,346,838
Bharat Petroleum Corp. Ltd.
107,644
373,895
Bharti Airtel Ltd.
167,779
3,239,781
Britannia Industries Ltd.
18,947
1,108,230
CG Power & Industrial Solutions Ltd.
77,773
675,773
Cholamandalam Investment and Finance Co. Ltd.
14,548
212,959
Cipla Ltd.
17,387
316,150
Coal India Ltd.
354,196
1,752,015
Cochin Shipyard Ltd., NVS(a)
36,370
681,501
Coforge Ltd.
4,402
454,246
Colgate-Palmolive India Ltd.
42,987
1,472,280
CRISIL Ltd.
33,152
2,104,559
Cummins India Ltd.
44,549
1,840,682
Dr Reddy's Laboratories Ltd.
122,860
1,750,590
Emami Ltd.
129,826
1,053,691
GAIL India Ltd.
310,248
735,478
GE T&D India Ltd.
56,599
1,179,624
General Insurance Corp. of India(a)
155,309
736,041
GlaxoSmithKline Pharmaceuticals Ltd.
35,941
1,041,738
Glenmark Pharmaceuticals Ltd.
31,634
573,215
Global Health Ltd., NVS(b)
43,732
557,356
Go Digit General Insurance Ltd.(b)
238,043
965,737
Godrej Properties Ltd.(b)
26,159
862,376
Havells India Ltd.
24,483
498,639
HCL Technologies Ltd.
147,502
3,236,161
HDFC Bank Ltd.
329,203
7,025,107
Hero MotoCorp Ltd.
17,436
984,796
Hindalco Industries Ltd.
207,417
1,615,554
Hindustan Aeronautics Ltd., NVS
48,593
2,583,716
Hindustan Petroleum Corp. Ltd.
118,353
538,723
Hindustan Unilever Ltd.
46,522
1,375,672
Hindustan Zinc Ltd.
127,127
761,267
Hitachi Energy India Ltd.
529
75,247
ICICI Bank Ltd.
456,543
7,024,225
Security
Shares
Value
India (continued)
Indian Hotels Co. Ltd., Class A
71,638
$674,508
Indian Oil Corp. Ltd.
522,226
860,377
Indian Railway Finance Corp. Ltd.(a)
333,235
591,032
Indian Renewable Energy Development Agency
Ltd., NVS(b)
61,251
149,559
Indraprastha Gas Ltd.
106,737
414,474
Info Edge India Ltd.
8,696
851,336
Infosys Ltd.
391,227
8,628,374
InterGlobe Aviation Ltd.(a)(b)
25,754
1,337,910
IRCON International Ltd.(a)
108,158
269,474
Jindal Steel & Power Ltd.
15,347
165,233
Jio Financial Services Ltd., NVS(b)
56,882
221,789
JSW Steel Ltd.
9,996
114,685
Kotak Mahindra Bank Ltd.
63,154
1,323,117
KPIT Technologies Ltd.
6,760
109,801
L&T Technology Services Ltd.(a)
30,737
1,928,754
Larsen & Toubro Ltd.
68,040
3,006,072
LIC Housing Finance Ltd.
75,066
569,228
Mahindra & Mahindra Ltd.
100,550
3,542,036
Mangalore Refinery & Petrochemicals Ltd.
314,784
577,863
Marico Ltd.
72,069
551,065
Maruti Suzuki India Ltd.
4,879
640,990
Max Healthcare Institute Ltd.
9,097
105,714
Mazagon Dock Shipbuilders Ltd.
17,668
962,209
Motilal Oswal Financial Services Ltd.
122,772
1,340,165
Mphasis Ltd.
23,491
830,584
Muthoot Finance Ltd.
17,459
397,204
Narayana Hrudayalaya Ltd.
5,518
82,929
NBCC India Ltd.
541,105
638,911
Nestle India Ltd., NVS
74,525
1,972,782
NHPC Ltd., NVS
1,011,265
979,564
NLC India Ltd.
398,132
1,225,451
NMDC Ltd.
642,531
1,757,142
NTPC Ltd.
462,181
1,995,723
Oil & Natural Gas Corp. Ltd.
437,357
1,332,688
Oil India Ltd.
269,512
1,569,752
Oracle Financial Services Software Ltd.
915
127,137
Page Industries Ltd.
2,595
1,373,000
Pidilite Industries Ltd.
7,503
272,269
Polycab India Ltd.
3,067
265,554
Poonawalla Fincorp Ltd.
102,890
432,685
Power Finance Corp. Ltd.
526,604
3,092,761
Power Grid Corp. of India Ltd.
505,526
1,973,688
Prestige Estates Projects Ltd.
21,971
430,837
Procter & Gamble Hygiene & Health Care Ltd.
4,247
799,328
REC Ltd.
390,702
2,469,295
Reliance Industries Ltd.
408,081
6,261,927
SBI Life Insurance Co. Ltd.(a)
36,192
617,469
Siemens Ltd.
13,836
1,242,030
Solar Industries India Ltd.
2,326
294,970
State Bank of India
30,962
308,157
Sun Pharmaceutical Industries Ltd.
49,492
1,044,638
Sundaram Finance Ltd.
12,391
583,522
Supreme Industries Ltd.
12,651
697,212
Tata Consultancy Services Ltd.
168,247
8,522,039
Tata Investment Corp. Ltd.
11,120
875,848
Tata Motors Ltd.
140,241
1,310,866
Tata Steel Ltd.
840,600
1,442,476
Tech Mahindra Ltd.
67,168
1,364,760
Titan Co. Ltd.
22,055
850,790
Trent Ltd.
11,207
903,298
Tube Investments of India Ltd.
12,752
542,729
 
3
Schedule of Investments (unaudited)(continued)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
(Percentages shown are based on Net Assets)
Security
Shares
Value
India (continued)
TVS Motor Co. Ltd.
18,959
$547,764
United Spirits Ltd.
24,139
437,734
Varun Beverages Ltd.
216,811
1,593,952
Vedanta Ltd.
75,620
406,922
Wipro Ltd.
545,202
3,741,361
Zomato Ltd.(b)
35,877
119,395
Zydus Lifesciences Ltd.
14,611
167,405
 
152,149,612
Indonesia — 1.5%
Adaro Energy Indonesia Tbk PT
6,970,700
915,056
Aneka Tambang Tbk
735,000
66,476
Avia Avian Tbk PT
2,371,800
62,869
Bank Central Asia Tbk PT
5,881,200
3,711,707
Bank CIMB Niaga Tbk PT
3,348,000
370,826
Bank Mandiri Persero Tbk PT
2,643,900
1,027,994
Bank Negara Indonesia Persero Tbk PT
772,700
243,180
Bank Rakyat Indonesia Persero Tbk PT
2,791,600
752,042
Barito Renewables Energy Tbk PT
428,200
179,036
GoTo Gojek Tokopedia Tbk PT(b)
91,124,100
408,589
Kalbe Farma Tbk PT
780,900
73,926
Pertamina Geothermal Energy PT(a)
7,396,900
462,193
Sumber Alfaria Trijaya Tbk PT
8,326,000
1,497,577
Telkom Indonesia Persero Tbk PT
2,949,300
505,705
Unilever Indonesia Tbk PT
3,038,600
357,890
United Tractors Tbk PT
151,700
256,260
 
10,891,326
Kuwait — 0.2%
National Bank of Kuwait SAKP
486,202
1,375,572
Malaysia — 1.1%
Fraser & Neave Holdings Bhd
65,400
406,333
Genting Bhd
336,400
283,284
Hong Leong Bank Bhd
181,400
844,430
Hong Leong Financial Group Bhd
115,600
480,563
IJM Corp. Bhd
146,800
98,620
Malaysia Airports Holdings Bhd
54,700
130,443
Nestle Malaysia Bhd
31,300
680,925
Petronas Dagangan Bhd
47,700
210,331
Petronas Gas Bhd
101,100
405,765
Public Bank Bhd
981,500
987,485
Sime Darby Bhd
425,600
218,516
Telekom Malaysia Bhd
140,600
201,234
Westports Holdings Bhd
265,700
255,837
YTL Corp. Bhd
2,705,800
1,269,317
YTL Power International Bhd
1,273,500
976,588
 
7,449,671
Mexico — 1.6%
America Movil SAB de CV, Series B
2,004,099
1,490,297
Cemex SAB de CV
94,428
525,964
Coca-Cola Femsa SAB de CV
252,642
2,017,028
Fomento Economico Mexicano SAB de CV
209,339
1,871,955
Gruma SAB de CV, Class B
64,796
1,109,698
Grupo Aeroportuario del Pacifico SAB de CV, Class B
63,170
1,186,977
Grupo Comercial Chedraui SA de CV
65,264
416,268
Grupo Financiero Banorte SAB de CV, Class O
152,726
1,024,621
Grupo Mexico SAB de CV, Series B
97,220
476,746
Wal-Mart de Mexico SAB de CV
446,325
1,187,707
 
11,307,261
Philippines — 0.6%
Bank of the Philippine Islands
738,398
1,619,476
DMCI Holdings Inc.
1,891,700
344,113
Security
Shares
Value
Philippines (continued)
International Container Terminal Services Inc.
133,480
$842,289
Manila Electric Co.
119,570
976,789
Metropolitan Bank & Trust Co.
61,410
79,922
Semirara Mining & Power Corp., Class A
855,800
468,754
 
4,331,343
Poland — 0.8%
Budimex SA
14,598
1,696,348
LPP SA
423
1,635,057
mBank SA(b)
4,124
540,237
Orange Polska SA
554,600
1,050,319
PGE Polska Grupa Energetyczna SA(b)
321,553
533,912
 
5,455,873
Qatar — 0.8%
Industries Qatar QSC
222,384
792,242
Mesaieed Petrochemical Holding Co.
1,463,841
615,086
Ooredoo QPSC
791,869
2,571,511
Qatar National Bank QPSC
359,250
1,684,584
 
5,663,423
Russia — 0.0%
PhosAgro PJSC, New(b)(d)
986
10
TCS Group Holding PLC, GDR(b)(d)(e)
135,475
13
United Co. RUSAL International PJSC(b)(d)
3,441,260
323
 
346
Saudi Arabia — 2.7%
Al Rajhi Bank
61,098
1,482,222
Alinma Bank
92,131
681,379
Arab National Bank
104,201
530,058
Arabian Internet & Communications Services Co.
11,905
873,881
Astra Industrial Group
4,781
210,232
Banque Saudi Fransi
46,373
379,214
Dar Al Arkan Real Estate Development Co.(b)
88,953
374,372
Dr Sulaiman Al Habib Medical Services Group Co.
8,317
593,739
Elm Co.
10,960
3,160,602
Etihad Etisalat Co.
66,217
972,924
Nahdi Medical Co.
56,678
1,775,270
Riyad Bank
155,111
1,084,188
Riyadh Cables Group Co.
25,480
874,111
SABIC Agri-Nutrients Co.
45,051
1,329,036
SAL Saudi Logistics Services
30,995
2,127,956
Saudi Arabian Oil Co.(a)
50,315
367,772
Saudi Aramco Base Oil Co.
40,785
1,197,771
Saudi Electricity Co.
114,203
505,643
Saudi Telecom Co.
86,902
920,708
 
19,441,078
South Africa — 2.2%
African Rainbow Minerals Ltd.
73,349
647,263
Anglo American Platinum Ltd.
40,860
1,362,006
Bid Corp. Ltd.
16,970
413,854
Bidvest Group Ltd. (The)
39,439
609,509
Clicks Group Ltd.
47,158
1,028,426
Exxaro Resources Ltd.
284,209
2,634,652
FirstRand Ltd.
23,556
101,070
Foschini Group Ltd. (The)
59,732
565,152
Gold Fields Ltd.
39,665
568,582
Impala Platinum Holdings Ltd.(b)
24,545
139,778
MTN Group Ltd.
274,179
1,230,295
Naspers Ltd., Class N
1,387
313,179
Nedbank Group Ltd.
14,130
227,421
NEPI Rockcastle NV
77,996
605,049
Northam Platinum Holdings Ltd.(c)
107,148
668,952
Sasol Ltd.
159,401
782,646
4 
Schedule of Investments (unaudited)(continued)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
(Percentages shown are based on Net Assets)
Security
Shares
Value
South Africa (continued)
Sibanye Stillwater Ltd.(b)
286,560
$287,568
Standard Bank Group Ltd.
82,065
1,079,001
Woolworths Holdings Ltd./South Africa
638,750
2,227,936
 
15,492,339
South Korea — 10.8%
BGF retail Co. Ltd.
1,069
83,115
CJ CheilJedang Corp.
268
50,818
CJ Corp.
12,350
853,227
CJ Logistics Corp.
3,444
202,586
Coway Co. Ltd.
30,613
1,450,690
DB HiTek Co. Ltd.
10,725
243,788
DB Insurance Co. Ltd.
20,687
1,623,008
Doosan Bobcat Inc.
30,433
852,396
E-MART Inc.
11,008
508,793
F&F Co. Ltd./New
7,662
294,883
GS Holdings Corp.
22,753
684,847
Hana Financial Group Inc.
77,814
3,489,411
Hankook Tire & Technology Co. Ltd.
26,670
722,860
Hanmi Science Co. Ltd.
37,101
878,307
Hanmi Semiconductor Co. Ltd.
5,598
304,174
HD Hyundai Electric Co. Ltd.
1,602
407,044
HD Hyundai Marine Solution Co. Ltd.
5,196
499,269
Hyosung TNC Corp.
2,889
402,143
Hyundai Glovis Co. Ltd.
9,740
861,180
Hyundai Marine & Fire Insurance Co. Ltd.
18,902
361,020
Hyundai Mobis Co. Ltd.
9,727
1,675,021
Hyundai Motor Co.
22,562
3,556,090
Hyundai Rotem Co. Ltd.
9,443
344,723
KB Financial Group Inc.
64,794
4,474,997
KCC Corp.
8,375
1,457,183
KEPCO Engineering & Construction Co. Inc.
1,827
89,495
Kia Corp.
46,392
3,106,541
Korea Aerospace Industries Ltd.
2,314
97,230
Korea Investment Holdings Co. Ltd.
14,144
759,958
Krafton Inc.(b)
811
182,267
KT&G Corp.
15,934
1,394,670
Kumho Petrochemical Co. Ltd.
4,019
285,741
LG Corp.
4,935
266,023
LG Electronics Inc.
18,755
1,212,257
LG Innotek Co. Ltd.
3,951
462,563
LG Uplus Corp.
101,517
844,811
LS Corp.
4,995
319,004
LS Electric Co. Ltd.
2,907
302,882
Meritz Financial Group Inc.
7,603
557,935
Mirae Asset Securities Co. Ltd.
118,581
729,901
NAVER Corp.
4,815
716,740
NCSoft Corp.
2,842
485,565
Orion Corp./Republic of Korea
7,318
540,040
POSCO Holdings Inc.
5,294
1,080,802
Samsung Biologics Co. Ltd.(a)(b)
2,652
1,861,900
Samsung C&T Corp.
11,434
980,711
Samsung Card Co. Ltd.
29,555
903,418
Samsung E&A Co. Ltd.(b)
24,023
310,075
Samsung Electro-Mechanics Co. Ltd.
9,685
756,144
Samsung Electronics Co. Ltd.
474,575
18,661,806
Samsung Fire & Marine Insurance Co. Ltd.
8,528
2,412,719
Samsung Life Insurance Co. Ltd.
12,194
939,424
Samsung SDI Co. Ltd.
2,805
513,347
Samsung SDS Co. Ltd.
4,797
506,674
Samsung Securities Co. Ltd.
21,958
752,927
Seegene Inc.
9,067
154,978
Shinhan Financial Group Co. Ltd.
84,336
3,231,510
Security
Shares
Value
South Korea (continued)
SK Hynix Inc.
24,958
$2,913,929
SK Inc.
2,517
247,265
SK Telecom Co. Ltd.
13,742
604,968
Woori Financial Group Inc.
119,113
1,430,175
 
76,897,968
Taiwan — 18.7%
Accton Technology Corp.
85,000
1,735,600
Acer Inc.
778,000
911,667
Advantech Co. Ltd.
63,291
659,080
ASE Technology Holding Co. Ltd.
303,000
1,439,523
Asia Vital Components Co. Ltd.
36,000
722,918
Asustek Computer Inc.
16,000
291,874
AUO Corp.
1,761,800
849,343
Cathay Financial Holding Co. Ltd.
1,062,000
2,160,497
Chicony Electronics Co. Ltd.
239,000
1,162,387
China Airlines Ltd.
201,000
154,927
Chunghwa Telecom Co. Ltd.
110,000
417,260
Compal Electronics Inc.
312,000
355,874
CTBC Financial Holding Co. Ltd.
2,198,000
2,538,993
Delta Electronics Inc.
191,000
2,264,479
Far EasTone Telecommunications Co. Ltd.
333,000
924,205
Formosa Sumco Technology Corp.
108,000
378,436
Fortune Electric Co. Ltd.
60,300
1,028,421
Fubon Financial Holding Co. Ltd.
1,348,947
3,675,864
Gigabyte Technology Co. Ltd.
103,000
869,381
Global Unichip Corp.
43,000
1,600,158
Hon Hai Precision Industry Co. Ltd.
926,000
5,639,047
Inventec Corp.
303,000
461,829
King Slide Works Co. Ltd.
24,000
1,092,091
Largan Precision Co. Ltd.
2,000
150,909
Lite-On Technology Corp.
505,718
1,631,525
MediaTek Inc.
161,000
6,321,542
Mega Financial Holding Co. Ltd.
201,688
247,405
Micro-Star International Co. Ltd.
113,000
598,973
Nan Ya Plastics Corp.
232,000
277,574
Nien Made Enterprise Co. Ltd.
11,000
136,400
Novatek Microelectronics Corp.
232,000
3,480,365
Pou Chen Corp.
484,000
610,290
Powertech Technology Inc.
19,000
72,278
President Chain Store Corp.
118,000
983,478
Quanta Computer Inc.
204,000
1,854,553
Realtek Semiconductor Corp.
168,000
2,482,213
Ruentex Industries Ltd.
575,000
1,376,146
Shanghai Commercial & Savings Bank Ltd. (The)
821,000
995,129
SinoPac Financial Holdings Co. Ltd.
2,513,236
1,806,671
Synnex Technology International Corp.
224,000
524,068
Taiwan Cooperative Financial Holding Co. Ltd.
2,282,689
1,753,806
Taiwan Semiconductor Manufacturing Co. Ltd.
2,060,000
64,190,723
Uni-President Enterprises Corp.
960,000
2,506,796
United Microelectronics Corp.
1,713,000
2,323,988
Voltronic Power Technology Corp.
21,000
1,196,716
Wistron Corp.
306,000
1,080,250
Wiwynn Corp.
18,000
1,086,173
Yang Ming Marine Transport Corp.
120,000
271,954
Yuanta Financial Holding Co. Ltd.
3,027,768
3,111,435
 
132,405,214
Thailand — 0.9%
Advanced Info Service PCL, NVDR
160,200
1,333,058
Bumrungrad Hospital PCL, NVDR
88,800
539,802
Central Retail Corp. PCL, NVDR(c)
113,500
111,357
Delta Electronics Thailand PCL, NVDR
161,300
711,857
 
5
Schedule of Investments (unaudited)(continued)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
(Percentages shown are based on Net Assets)
Security
Shares
Value
Thailand (continued)
Krung Thai Bank PCL, NVDR
2,049,100
$1,197,500
Krungthai Card PCL, NVDR(c)
355,800
486,471
Land & Houses PCL, NVDR
1,618,900
255,384
MK Restaurants Group PCL, NVDR
403,500
291,765
PTT Exploration & Production PCL, NVDR(c)
311,000
1,158,614
TMBThanachart Bank PCL, NVDR
1,538,300
79,095
TOA Paint Thailand PCL, NVDR
124,700
52,034
 
6,216,937
Turkey — 1.4%
Akbank TAS
551,770
967,704
Anadolu Efes Biracilik Ve Malt Sanayii A/S
203,562
1,171,315
BIM Birlesik Magazalar A/S
45,993
627,676
Ford Otomotiv Sanayi AS
16,443
458,280
KOC Holding AS
320,699
1,853,257
Tofas Turk Otomobil Fabrikasi AS
160,451
915,654
Turk Traktor ve Ziraat Makineleri AS(c)
31,287
701,564
Turkcell Iletisim Hizmetleri AS
338,250
884,268
Turkiye Garanti Bankasi AS
419,378
1,456,520
Yapi ve Kredi Bankasi A/S
770,751
659,543
 
9,695,781
United Arab Emirates — 2.0%
Abu Dhabi Islamic Bank PJSC
1,023,570
3,639,434
Abu Dhabi National Oil Co. for Distribution PJSC
1,444,190
1,357,070
Aldar Properties PJSC
95,032
195,025
Dubai Electricity & Water Authority PJSC
2,606,440
1,873,376
Emaar Properties PJSC
715,773
1,862,075
Emirates NBD Bank PJSC
311,799
1,698,841
Emirates Telecommunications Group Co. PJSC
215,130
969,917
First Abu Dhabi Bank PJSC
188,260
656,056
International Holding Co. PJSC(b)
19,797
2,166,699
 
14,418,493
Total Common Stocks — 98.3%
(Cost: $601,844,086)
696,389,417
Preferred Stocks
Brazil — 1.2%
Cia Energetica de Minas Gerais, Preference
Shares, NVS
884,388
1,724,151
Gerdau SA, Preference Shares, NVS
590,361
1,989,848
Itau Unibanco Holding SA, Preference Shares, NVS
370,584
1,994,950
Petroleo Brasileiro SA, Preference Shares, NVS
374,490
2,438,592
 
8,147,541
Chile — 0.1%
Sociedad Quimica y Minera de Chile SA, Class B,
Preference Shares
25,123
963,008
Security
Shares
Value
South Korea — 0.1%
Samsung C&T Corp., Preference Shares, NVS
2,886
$189,589
Samsung Electronics Co. Ltd., Preference
Shares, NVS
24,095
805,373
 
994,962
Total Preferred Stocks — 1.4%
(Cost: $10,460,413)
10,105,511
Rights
Indonesia — 0.0%
Alamtri Resources Indonesia Tbk PT,
(Expires 12/17/24)(d)
1,588,221
—
Total Rights — 0.0%
(Cost: $—)
—
Total Long-Term Investments — 99.7%
(Cost: $612,304,499)
706,494,928
Short-Term Securities
Money Market Funds — 1.5%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 4.79%(f)(g)(h)
4,828,470
4,830,884
BlackRock Cash Funds: Treasury, SL Agency Shares,
4.62%(f)(g)
6,200,000
6,200,000
Total Short-Term Securities — 1.5%
(Cost: $11,029,612)
11,030,884
Total Investments — 101.2%
(Cost: $623,334,111)
717,525,812
Liabilities in Excess of Other Assets — (1.2)%
(8,830,416
)
Net Assets — 100.0%
$708,695,396
 
(a)
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.
(b)
Non-income producing security.
(c)
All or a portion of this security is on loan.
(d)
Security is valued using significant unobservable inputs and is classified as Level 3 in the
fair value hierarchy.
(e)
This security may be resold to qualified foreign investors and foreign institutional buyers
under Regulation S of the Securities Act of 1933.
(f)
Affiliate of the Fund.
(g)
Annualized 7-day yield as of period end.
(h)
All or a portion of this security was purchased with the cash collateral from loaned
securities.
6 
Schedule of Investments (unaudited)(continued)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
 
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 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
08/31/24
Purchases
at Cost
Proceeds
from Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
11/30/24
Shares
Held at
11/30/24
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL Agency
Shares
$5,013,728
$—
$(181,342
)(a)
$(1,146
)
$(356
)
$4,830,884
4,828,470
$50,222
(b)
$—
BlackRock Cash Funds: Treasury, SL Agency
Shares
6,970,000
—
(770,000
)(a)
—
—
6,200,000
6,200,000
72,041
—
 
$(1,146
)
$(356
)
$11,030,884
$122,263
$—
 
(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 Emerging Markets Index
38
12/20/24
$2,072
$7,476
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (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.  
 
Level 1
Level 2
Level 3
Total
Assets 
Investments 
Long-Term Investments 
Common Stocks
$103,972,849
$592,416,222
$346
$696,389,417
Preferred Stocks
9,110,549
994,962
—
10,105,511
Rights
—
—
—
—
 
7
Schedule of Investments (unaudited)(continued)
November 30, 2024
iShares® Emerging Markets Equity Factor ETF
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Short-Term Securities 
Money Market Funds
$11,030,884
$—
$—
$11,030,884
 
$124,114,282
$593,411,184
$346
$717,525,812
Derivative Financial Instruments(a) 
Assets 
Equity Contracts
$7,476
$—
$—
$7,476
 
(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
GDR
Global Depositary Receipt
NVDR
Non-Voting Depositary Receipt
NVS
Non-Voting Shares
PJSC
Public Joint Stock Company
8