LOGO

  JANUARY 31, 2024

 

 

  

  

2024 Semi-Annual Report

(Unaudited)

 

 

 

iShares Trust

·  iShares Core MSCI EAFE ETF | IEFA | Cboe BZX

·  iShares Core MSCI Europe ETF | IEUR | NYSE Arca

·  iShares Core MSCI International Developed Markets ETF | IDEV | NYSE Arca

·  iShares Core MSCI Pacific ETF | IPAC | NYSE Arca

·  iShares Core MSCI Total International Stock ETF | IXUS | NASDAQ


The Markets in Review

Dear Shareholder,

The combination of continued economic growth and cooling inflation provided a supportive backdrop for investors during the 12-month reporting period ended January 31, 2024. Significantly tighter monetary policy helped to rein in inflation, and the Consumer Price Index decelerated substantially in the first half of the period before stalling between 3% and 4% in the second half. A moderating labor market helped ease inflationary pressure, although wages continued to grow. Wage and job growth powered robust consumer spending, backstopping the economy. On October 7, 2023, Hamas launched a horrific attack on Israel. The ensuing war will have a significant humanitarian impact and could lead to heightened economic and market volatility. We see geopolitics as a structural market risk going forward. See our geopolitical risk dashboard at blackrock.com for more details.

Equity returns were robust during the period, as interest rates stabilized and the economy proved to be more resilient than many investors expected. The U.S. economy continued to show strength, and growth further accelerated in the second half of 2023. Large-capitalization U.S. stocks posted particularly substantial gains, supported by the performance of a few notable technology companies, while small-capitalization U.S. stocks advanced at a significantly slower pace. Meanwhile, international developed market equities also gained, while emerging market stocks declined overall.

The 10-year U.S. Treasury yield rose during the reporting period, driving its price down, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. However, shorter-duration U.S. Treasuries gained, as higher yields boosted returns. The corporate bond market benefited from improving economic sentiment, although high-yield corporate bond prices fared significantly better than investment-grade bonds as demand from yield-seeking investors remained strong.

The U.S. Federal Reserve (the “Fed”), attempting to manage persistent inflation, raised interest rates four times during the 12-month period, but paused its tightening in the second half of the period. The Fed also wound down its bond-buying programs and incrementally reduced its balance sheet by not replacing securities that reach maturity.

Supply constraints appear to have become an embedded feature of the new macroeconomic environment, making it difficult for developed economies to increase production without sparking higher inflation. Geopolitical fragmentation and an aging population risk further exacerbating these constraints, keeping the labor market tight and wage growth high. Although the Fed has stopped tightening for now, we believe that the new economic regime means that the Fed will need to maintain high rates for an extended period despite the market’s hopes for interest rate cuts, as reflected in the recent rally. In this new regime, we anticipate greater volatility and dispersion of returns, creating more opportunities for selective portfolio management.

Looking at developed market stocks, we have an overweight stance on U.S. stocks overall, particularly given the promise of emerging AI technologies. We are also overweight Japanese stocks as shareholder-friendly policies generate increased investor interest, although we maintain an underweight stance on European stocks. In credit, there are selective opportunities in the near term despite tighter credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most attractive investments in short-term U.S. Treasuries and hard-currency emerging market bonds.

Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

LOGO

Rob Kapito

President, BlackRock Inc.

LOGO

Rob Kapito

President, BlackRock Inc.

 

Total Returns as of January 31, 2024

 

 
    

 

 6-Month 

 

   

 

 12-Month 

 

 
   

U.S. large cap equities
(S&P 500® Index)

    6.43%        20.82%   
   

U.S. small cap equities
(Russell 2000® Index)

    (2.02)         2.40     
   

International equities
(MSCI Europe, Australasia, Far East Index)

    3.15          10.01     
   

Emerging market equities
(MSCI Emerging Markets Index)

    (6.00)         (2.94)    
   

3-month Treasury bills
(ICE BofA 3-Month U.S. Treasury Bill Index)

    2.73          5.13     
   

U.S. Treasury securities
(ICE BofA 10-Year U.S. Treasury Index)

    1.74          (0.38)    
   

U.S. investment grade bonds
(Bloomberg U.S. Aggregate Bond Index)

    3.15          2.10     
   

Tax-exempt municipal bonds
(Bloomberg Municipal Bond Index)

    2.70          2.90     
   

U.S. high yield bonds

(Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)

    6.18          9.28     
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

 

 

 

2   T H I S  P A G E  I S  N O T  P A R T  O F  Y O U R  F U N D  R E P O R T


Table of Contents

 

     Page  

 

 

The Markets in Review

     2  

Semi-Annual Report:

  

Fund Summary

     4  

About Fund Performance

     9  

Disclosure of Expenses

     9  

Schedules of Investments

     10  

Financial Statements:

  

Statements of Assets and Liabilities

     124  

Statements of Operations

     126  

Statements of Changes in Net Assets

     128  

Financial Highlights

     131  

Notes to Financial Statements

     136  

Statement Regarding Liquidity Risk Management Program

     146  

Supplemental Information

     147  

General Information

     148  

Glossary of Terms Used in this Report

     149  

 

 

  3


Fund Summaryas of January 31, 2024     iShares® Core MSCI EAFE ETF

 

Investment Objective

The iShares Core MSCI EAFE ETF (the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization developed market equities, excluding the U.S. and Canada, as represented by the MSCI EAFE IMI (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

 

            Average Annual Total Returns          Cumulative Total Returns  
     

6-Month

Total Returns

     1 Year      5 Years      10 Years           1 Year      5 Years      10 Years  

Fund NAV

     1.91      7.60      6.57      4.84        7.60      37.47      60.43

Fund Market

     1.88        7.70        6.63        4.89          7.70        37.85        61.22  

Index

     2.86        9.09        6.57        4.76            9.09        37.48        59.17  

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

 

    Actual        Hypothetical 5% Return           
 

 

 

      

 

 

      
     

Beginning

Account Value

(08/01/23

 

 

      

Ending

Account Value

(01/31/24

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

      

Beginning

Account Value

(08/01/23

 

 

   

Ending

Account Value

(01/31/24

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

      

Annualized

Expense

Ratio

 

 

 

      $  1,000.00          $   1,019.10          $   0.36          $  1,000.00       $  1,024.80          $  0.36          0.07

 

  (a) 

Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

 

Portfolio Information

 

SECTOR ALLOCATION

 

 

 
Sector   

Percent of  

Total Investments(a)

 

 

 

Financials

     18.0%  

Industrials

     17.3    

Consumer Discretionary

     12.2    

Health Care

     12.1    

Information Technology

     9.2    

Consumer Staples

     8.8    

Materials

     7.6    

Communication Services

     4.2    

Energy

     4.0    

Real Estate

     3.4    

Utilities

     3.2    

 

 

 

  (a) 

Excludes money market funds.

GEOGRAPHIC ALLOCATION

 

 

 
Country/Geographic Region   

Percent of  

Total Investments(a)

 

 

 

Japan

     24.7%  

United Kingdom

     14.3    

France

     10.7    

Switzerland

     9.5    

Germany

     7.8    

Australia

     7.7    

Netherlands

     4.5    

Sweden

     3.4    

Denmark

     3.4    

Italy

     2.7    

 

 

 

 

4  

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Fund Summaryas of January 31, 2024     iShares® Core MSCI Europe ETF

 

Investment Objective

The iShares Core MSCI Europe ETF(the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization European equities, as represented by the MSCI Europe IMI (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

 

            Average Annual Total Returns          Cumulative Total Returns  
     

6-Month

Total Returns

     1 Year      5 Years     

Since

Inception

          1 Year      5 Years     

Since

Inception

 

Fund NAV

     1.61      8.45      7.44      3.77        8.45      43.15      42.92

Fund Market

     1.86        8.34        7.52        3.79          8.34        43.67        43.16  

Index

     2.12        9.48        7.36        3.63            9.48        42.66        40.97  

The inception date of the Fund was June 10, 2014. The first day of secondary market trading was June 12, 2014.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

 

   

Actual

      

Hypothetical 5% Return

          
 

 

 

      

 

 

      
     

Beginning

Account Value

(08/01/23

 

 

      

Ending

Account Value

(01/31/24

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

      

Beginning

Account Value

(08/01/23

 

 

   

Ending

Account Value

(01/31/24

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

      

Annualized

Expense

Ratio

 

 

 

      $  1,000.00          $  1,016.10          $   0.46          $  1,000.00       $  1,024.70          $  0.46          0.09

 

  (a) 

Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

 

Portfolio Information

 

SECTOR ALLOCATION

 

 

 
Sector   

Percent of  

Total Investments(a)

 

 

 

Financials

     17.6%  

Industrials

     16.8    

Health Care

     14.8    

Consumer Staples

     10.8    

Consumer Discretionary

     10.7    

Information Technology

     8.0    

Materials

     6.9    

Energy

     5.3    

Utilities

     3.9    

Communication Services

     3.4    

Real Estate

     1.8    

 

 

 

  (a) 

Excludes money market funds.

GEOGRAPHIC ALLOCATION

 

 

 
Country/Geographic Region   

Percent of  

Total Investments(a)

 

 

 

United Kingdom

     22.7%  

France

     17.0    

Switzerland

     15.1    

Germany

     12.4    

Netherlands

     7.1    

Sweden

     5.4    

Denmark

     5.3    

Italy

     4.2    

Spain

     3.9    

Finland

     1.8    

 

 

 

 

F U N D  S U M M A R Y

  5


Fund Summaryas of January 31, 2024     iShares® Core MSCI International Developed Markets ETF

 

Investment Objective

The iShares Core MSCI International Developed Markets ETF (the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization developed market equities, excluding the United States, as represented by the MSCI World ex USA IMI (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

 

            Average Annual Total Returns         Cumulative Total Returns  
     

6-Month

Total Returns

    1 Year     5 Years    

Since

Inception

   

  1 Year     5 Years    

Since

Inception

 

Fund NAV

     1.87     7.13     6.80     6.07       7.13     38.94     49.86

Fund Market

     1.84       7.05       6.89       6.09         7.05       39.50       50.08  

Index

     2.72       8.53       6.75       5.94           8.53       38.64       48.58  

The inception date of the Fund was March 21, 2017. The first day of secondary market trading was March 23, 2017.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

 

   

Actual

        

Hypothetical 5% Return

        
   

Beginning

Account Value

(08/01/23)

      

Ending

Account Value

(01/31/24)

 

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

      

Beginning

Account Value

(08/01/23)

      

Ending

Account Value

(01/31/24)

 

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

    

Annualized

Expense

Ratio

 

 

 

    $   1,000.00        $   1,018.70          $   0.20          $   1,000.00        $   1,024.90          $   0.20        0.04

 

  (a) 

Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

 

Portfolio Information

 

SECTOR ALLOCATION

 

   
Sector     

Percent of

Total Investments

 

(a) 

Financials

     19.5

Industrials

     16.8  

Consumer Discretionary

     11.3  

Health Care

     10.9  

Information Technology

     9.2  

Consumer Staples

     8.4  

Materials

     8.0  

Energy

     5.5  

Communication Services

     3.9  

Real Estate

     3.3  

Utilities

     3.2  

GEOGRAPHIC ALLOCATION

 

   
Country/Geographic Region    

Percent of

Total Investments

 

(a) 

Japan

    22.2

United Kingdom

    12.9  

Canada

    10.4  

France

    9.6  

Switzerland

    8.5  

Germany

    7.0  

Australia

    6.8  

Netherlands

    4.1  

Sweden

    3.0  

Denmark

    3.0  

 

  (a) 

Excludes money market funds.

 

 

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Fund Summaryas of January 31, 2024     iShares® Core MSCI Pacific ETF

 

Investment Objective

The iShares Core MSCI Pacific ETF (the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization Pacific region equities, as represented by the MSCI Pacific IMI (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

 

            Average Annual Total Returns         Cumulative Total Returns  
     

6-Month

Total Returns

    1 Year     5 Years    

Since

Inception

      1 Year     5 Years    

Since

Inception

 

Fund NAV

     2.49     6.37     5.05     4.75       6.37     27.93     56.51

Fund Market

     2.33       6.02       5.01       4.75         6.02       27.71       56.42  

Index

     4.14       8.54       5.28       4.84           8.54       29.31       57.72  

The inception date of the Fund was June 10, 2014. The first day of secondary market trading was June 12, 2014.

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

 

   

Actual

        

Hypothetical 5% Return

        
   

Beginning

Account Value

(08/01/23)

      

Ending

Account Value

(01/31/24)

 

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

      

Beginning

Account Value

(08/01/23)

      

Ending
Account Value

(01/31/24)

 
 

 

      

Expenses

Paid During

the Period

 

 

(a) 

    

Annualized

Expense

Ratio

 

 

 

    $   1,000.00        $   1,024.90          $   0.46          $   1,000.00        $   1,024.70          $   0.46        0.09

 

  (a) 

Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

 

Portfolio Information

 

SECTOR ALLOCATION

 

   
Sector     

Percent of

Total Investments

 

(a) 

Industrials

     18.5

Financials

     18.5  

Consumer Discretionary

     14.9  

Information Technology

     10.4  

Materials

     9.1  

Health Care

     7.5  

Real Estate

     6.2  

Consumer Staples

     5.6  

Communication Services

     5.6  

Utilities

     1.9  

Energy

     1.8  

GEOGRAPHIC ALLOCATION

 

   
Country/Geographic Region     

Percent of

Total Investments

 

(a) 

Japan

     68.8

Australia

     21.3  

Hong Kong

     5.3  

Singapore

     3.9  

New Zealand

     0.7  

 

  (a) 

Excludes money market funds.

 

 

F U N D  S U M M A R Y

  7


Fund Summaryas of January 31, 2024     iShares® Core MSCI Total International Stock ETF

 

Investment Objective

The iShares Core MSCI Total International Stock ETF (the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization non-U.S. equities, as represented by the MSCI ACWI ex USA IMI (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Performance

 

            Average Annual Total Returns       Cumulative Total Returns  
     

6-Month

Total Returns

    1 Year     5 Years     10 Years          1 Year     5 Years     10 Years  

Fund NAV

     (0.27 )%      4.61     5.33     4.35       4.61     29.66     53.02

Fund Market

     (0.33     4.70       5.31       4.37         4.70       29.55       53.43  

Index

     0.59       5.90       5.39       4.30           5.90       30.05       52.37  

Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.

Expense Example

 

   

Actual

        

Hypothetical 5% Return

        
   

Beginning

Account Value

(08/01/23)

      

Ending

Account Value

(01/31/24)

 

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

      

Beginning

Account Value

(08/01/23)

      

Ending

Account Value

(01/31/24)

 

 

 

      

Expenses

Paid During

the Period

 

 

(a) 

    

Annualized
Expense
Ratio
 
 
 
    $   1,000.00        $    997.30          $   0.35          $   1,000.00        $   1,024.80          $   0.36        0.07

 

  (a) 

Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information.

 

Portfolio Information

 

SECTOR ALLOCATION

 

   
Sector     

Percent of

Total Investments

 

(a) 

Financials

     20.0

Industrials

     14.6  

Information Technology

     12.6  

Consumer Discretionary

     11.5  

Health Care

     9.1  

Materials

     8.0  

Consumer Staples

     7.7  

Energy

     5.4  

Communication Services

     5.0  

Utilities

     3.1  

Real Estate

     3.0  

Unknown GS

     0.0  

GEOGRAPHIC ALLOCATION

 

   
Country/Geographic Region     

Percent of

Total Investments

 

(a) 

Japan

     16.0

United Kingdom

     9.3  

Canada

     7.6  

France

     7.0  

Switzerland

     6.2  

China

     6.1  

India

     5.3  

Germany

     5.1  

Australia

     5.0  

Taiwan

     4.8  

 

  (a) 

Excludes money market funds.

 

 

8  

2 0 2 4I S H A R E S  S E M I - A N N U A L  R E P O R T  T O  S H A R E H O L D E R S


About Fund Performance

 

Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.

Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not trade in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.

An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, index returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, index returns would be lower.

Disclosure of Expenses

Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.

The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During the Period.”

The expense examples also provide information about hypothetical account values and hypothetical expenses based on a fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in the Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.

 

A B O U T  F U N D  P E R F O R M A N C E / D I S C L O S U R E  O F  E X P E N S E S

  9


Schedule of Investments (unaudited) 

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

   

Australia — 7.6%

   

Abacus Group

    3,130,012     $ 2,227,293  

Abacus Storage King

    3,129,936       2,330,603  

Accent Group Ltd.

    1,731,954       2,275,441  

Adbri Ltd.(a)

    2,794,995       5,559,546  

AGL Energy Ltd.

    3,700,998       20,903,031  

ALS Ltd.

    2,617,134       21,502,457  

Altium Ltd.

    679,984       21,845,036  

Alumina Ltd.(a)

    13,830,863       10,405,146  

AMP Ltd.

    16,107,886       9,768,945  

Ampol Ltd.

    1,370,795       32,422,695  

Ansell Ltd.

    707,952       11,134,543  

ANZ Group Holdings Ltd.

    16,971,254       299,447,258  

APA Group

    7,151,920       39,557,933  

APM Human Services International Ltd.

    1,515,359       731,481  

ARB Corp. Ltd.

    514,727       11,252,110  

Arena REIT

    1,988,293       4,508,264  

Aristocrat Leisure Ltd.

    3,323,188       95,809,543  

ASX Ltd.

    1,094,980       46,812,973  

Atlas Arteria Ltd.

    6,518,651       22,980,850  

AUB Group Ltd.

    554,778       11,040,140  

Audinate Group Ltd.(a)

    134,782       1,451,030  

Aurizon Holdings Ltd.

    10,377,392       25,580,595  

Aussie Broadband Ltd.(a)

    1,091,120       2,731,733  

Austal Ltd.

    2,163,438       2,870,091  

Australian Agricultural Co. Ltd.(a)(b)

    2,570,872       2,462,466  

Australian Clinical Labs Ltd.(b)

    600,488       1,177,962  

AVZ Minerals Ltd.(a)(b)(c)

    12,873,189       3,952,473  

Bank of Queensland Ltd.

    3,610,697       14,175,450  

Bapcor Ltd.

    2,139,400       7,831,292  

Beach Energy Ltd.

    9,876,198       10,598,508  

Bega Cheese Ltd.

    1,743,411       4,248,843  

Bellevue Gold Ltd.(a)

    6,790,281       5,873,722  

Bendigo & Adelaide Bank Ltd.

    3,079,835       19,676,871  

BHP Group Ltd.

    28,768,096        880,131,360  

BlueScope Steel Ltd.

    2,573,605       39,294,594  

Boral Ltd.(a)

    2,117,267       7,297,002  

Boss Energy Ltd. (a)

    2,379,303       8,609,292  

Brambles Ltd.

    7,880,959       75,143,100  

Breville Group Ltd.(b)

    570,327       10,079,304  

Brickworks Ltd.

    395,275       7,545,042  

BWP Trust

    3,280,036       7,344,766  

Calix Ltd.(a)(b)

    773,589       849,791  

Capricorn Metals Ltd.(a)

    1,690,542       5,040,106  

CAR Group Ltd.

    2,143,980       46,034,060  

Centuria Capital Group

    3,533,947       3,942,174  

Centuria Industrial REIT

    3,152,592       6,678,614  

Centuria Office REIT

    1,142,615       989,307  

Cettire Ltd.(a)

    882,009       1,793,863  

Chalice Mining Ltd.(a)(b)

    1,911,148       1,374,070  

Challenger Ltd.

    3,132,880       13,290,242  

Champion Iron Ltd.

    2,212,195       12,136,170  

Charter Hall Group

    2,744,307       21,404,753  

Charter Hall Long Wale REIT

    3,944,569       9,604,647  

Charter Hall Retail REIT

    2,699,657       6,522,525  

Charter Hall Social Infrastructure REIT

    563,995       1,017,493  

Cleanaway Waste Management Ltd.

    11,860,924       20,079,697  

Clinuvel Pharmaceuticals Ltd.(b)

    217,137       2,221,324  

Cochlear Ltd.

    374,210       74,261,570  

Codan Ltd./Australia

    584,156       3,087,725  

Coles Group Ltd.

    7,613,662       79,009,811  
Security   Shares     Value  

Australia (continued)

   

Collins Foods Ltd.

    529,123     $ 4,148,270  

Commonwealth Bank of Australia

    9,473,310       722,381,487  

Computershare Ltd.

    3,175,614       52,598,480  

Core Lithium Ltd.(a)(b)

    10,966,411       1,377,325  

Coronado Global Resources Inc.(d)

    4,160,932       4,425,887  

Corporate Travel Management Ltd.

    760,640       10,061,836  

Costa Group Holdings Ltd.

    2,512,960       5,228,454  

Credit Corp. Group Ltd.

    389,056       4,325,203  

Cromwell Property Group

    12,697,431       3,425,099  

CSL Ltd.

    2,747,236       539,495,420  

CSR Ltd.

    3,041,360       13,695,147  

Data#3 Ltd.

    416,713       2,650,124  

De Grey Mining Ltd.(a)

    8,493,319       6,758,843  

Deep Yellow Ltd.(a)

    3,042,173       2,873,145  

Deterra Royalties Ltd.

    2,509,727       9,038,639  

Dexus

    6,133,542       31,039,805  

Dexus Industria REIT

    339,456       620,207  

Dicker Data Ltd.(b)

    294,438       2,166,119  

Domain Holdings Australia Ltd.

    2,131,885       4,626,072  

Domino’s Pizza Enterprises Ltd.

    379,569       9,763,059  

Downer EDI Ltd.

    3,852,354       10,491,691  

Eagers Automotive Ltd.

    823,042       7,589,266  

Elders Ltd.

    930,616       5,436,495  

Endeavour Group Ltd./Australia

    8,161,800       29,870,031  

Evolution Mining Ltd.

    10,936,095       22,908,321  

EVT Ltd.

    599,076       4,887,112  

Firefinch Ltd.(a)(b)(c)

    5,815,203       495,958  

FleetPartners Group Ltd., NVS(a)

    1,451,280       2,898,022  

Flight Centre Travel Group Ltd.

    1,012,345       13,986,443  

Fortescue Ltd.

    9,627,058       186,059,721  

G8 Education Ltd.

    4,390,430       3,039,645  

Genesis Minerals Ltd.(a)

    2,458,298       2,605,985  

Gold Road Resources Ltd.

    6,242,599       6,167,984  

Goodman Group

    9,753,872       161,906,178  

GPT Group (The)

    11,481,338       34,700,904  

GrainCorp Ltd., Class A

    1,274,706       6,697,167  

Growthpoint Properties Australia Ltd.

    772,930       1,209,657  

GUD Holdings Ltd.

    899,861       7,142,730  

Hansen Technologies Ltd.

    691,228       2,322,141  

Harvey Norman Holdings Ltd.

    3,585,318       10,303,516  

Healius Ltd.(a)

    3,789,247       3,409,003  

Helia Group Ltd.

    2,563,490       8,243,166  

HMC Capital Ltd.

    1,376,848       5,460,778  

HomeCo Daily Needs REIT

    8,978,991       7,391,586  

HUB24 Ltd.

    417,296       10,084,367  

IDP Education Ltd.

    1,476,178       18,903,572  

IGO Ltd.

    3,891,537       18,917,589  

Iluka Resources Ltd.

    2,495,788       11,656,781  

Imdex Ltd.

    1,831,153       2,020,375  

Incitec Pivot Ltd.

    10,669,590       18,633,161  

Ingenia Communities Group

    1,970,188       5,706,739  

Inghams Group Ltd.

    2,027,098       5,672,428  

Insignia Financial Ltd.

    3,392,454       4,710,557  

Insurance Australia Group Ltd.

    13,643,620       53,557,005  

Integral Diagnostics Ltd.(b)

    571,928       739,170  

IPH Ltd.

    1,458,235       6,489,199  

IRESS Ltd.

    1,101,193       5,846,669  

James Hardie Industries PLC(a)

    2,523,753        94,818,499  

JB Hi-Fi Ltd.

    629,035       23,401,650  

Johns Lyng Group Ltd.

    1,171,526       5,170,774  

Judo Capital Holdings Ltd.(a)(b)

    3,654,204       2,799,022  

Jumbo Interactive Ltd.

    194,723       1,996,783  

 

 

10  

2 0 2 4I S H A R E S  S E M I - A N N U A L  R E P O R T  T O  S H A R E H O L D E R S


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Australia (continued)            

Karoon Energy Ltd.(a)

    3,771,147     $ 4,744,740  

Kelsian Group Ltd.

    912,656       4,244,769  

Lendlease Corp. Ltd.

    3,819,561       18,335,732  

Leo Lithium Ltd.(a)(b)(c)

    5,416,655       1,615,110  

Lifestyle Communities Ltd.

    411,549       4,789,344  

Link Administration Holdings Ltd.

    3,002,248       4,253,779  

Liontown Resources Ltd.(a)(b)

    8,205,689       5,463,974  

Lottery Corp. Ltd. (The)

    12,531,679       41,133,778  

Lovisa Holdings Ltd.

    345,737       5,143,699  

Lynas Rare Earths Ltd.(a)(b)

    5,444,382       20,701,063  

MA Financial Group Ltd.

    281,198       1,071,489  

Maas Group Holdings Ltd.(b)

    234,778       623,806  

Macquarie Group Ltd.

    2,080,972       256,769,919  

Magellan Financial Group Ltd.

    971,234       5,692,777  

McMillan Shakespeare Ltd.

    487,732       5,492,070  

Medibank Pvt Ltd.

    15,529,622       38,880,589  

Megaport Ltd.(a)(b)

    897,294       7,327,489  

Metcash Ltd.

    5,575,781       13,226,660  

Mineral Resources Ltd.

    1,015,524       39,167,547  

Mirvac Group

    22,268,386       31,295,994  

Monadelphous Group Ltd.

    609,844       5,465,198  

Mount Gibson Iron Ltd.(a)

    3,253,439       1,123,680  

Nanosonics Ltd.(a)

    1,482,346       2,844,612  

National Australia Bank Ltd.

    17,737,935        374,100,093  

National Storage REIT

    7,016,880       10,523,304  

Netwealth Group Ltd.

    690,884       7,504,135  

Neuren Pharmaceuticals Ltd., NVS(a)

    652,944       10,003,562  

New Hope Corp. Ltd.

    3,287,764       11,499,411  

NEXTDC Ltd.(a)

    3,185,636       28,840,065  

nib holdings Ltd.

    2,641,363       13,969,793  

Nick Scali Ltd.

    380,398       3,075,525  

Nickel Industries Ltd.

    10,489,451       5,375,841  

Nine Entertainment Co. Holdings Ltd.

    8,903,879       11,423,644  

Northern Star Resources Ltd.

    6,860,443       58,847,546  

NRW Holdings Ltd.

    2,291,338       4,049,014  

Nufarm Ltd./Australia

    1,955,248       7,047,914  

Objective Corp. Ltd.

    40,761       327,046  

oOh!media Ltd.

    3,531,638       3,686,293  

Orica Ltd.

    2,521,486       26,593,850  

Origin Energy Ltd.

    9,868,139       55,076,064  

Orora Ltd.

    7,505,067       13,641,075  

Paladin Energy Ltd.(a)

    16,563,669       13,877,544  

Perenti Ltd.(a)

    3,334,101       1,773,071  

Perpetual Ltd.

    623,166       10,486,297  

Perseus Mining Ltd.

    8,568,367       10,089,237  

PEXA Group Ltd.(a)

    866,013       6,471,694  

Pilbara Minerals Ltd.(b)

    16,175,579       36,842,555  

Pinnacle Investment Management Group Ltd.

    750,249       4,949,097  

Platinum Asset Management Ltd.

    2,920,321       2,236,878  

PolyNovo Ltd.(a)

    3,808,912       4,680,701  

Premier Investments Ltd.

    654,849       11,922,944  

Pro Medicus Ltd.

    316,121       20,825,737  

PWR Holdings Ltd.

    448,061       3,071,782  

Qantas Airways Ltd.(a)

    5,105,830       18,408,364  

QBE Insurance Group Ltd.

    8,411,172       86,606,321  

Qube Holdings Ltd.

    9,404,058       19,993,536  

Ramelius Resources Ltd.

    6,354,801       6,600,551  

Ramsay Health Care Ltd.

    1,050,517       35,022,714  

REA Group Ltd.

    300,193       35,803,018  

Red 5 Ltd.(a)

    9,436,341       1,935,588  

Reece Ltd.

    1,264,269       18,623,101  

Region RE Ltd.

    6,774,262       9,973,810  
Security   Shares     Value  
Australia (continued)            

Regis Resources Ltd.(a)

    4,786,368     $ 6,527,973  

Reliance Worldwide Corp. Ltd.

    4,727,346       12,925,020  

Rio Tinto Ltd.

    2,148,731       184,892,611  

Rural Funds Group

    715,031       966,895  

Sandfire Resources Ltd.(a)(b)

    2,867,424       13,475,712  

Santos Ltd.

    18,811,352       95,071,440  

Sayona Mining Ltd.(a)(b)

    46,384,311       1,191,838  

Scentre Group

    28,668,148       56,993,638  

SEEK Ltd.

    2,022,594       33,343,026  

Select Harvests Ltd.(a)(b)

    417,303       1,018,431  

Seven Group Holdings Ltd.

    1,015,759       23,773,959  

Sigma Healthcare Ltd.

    2,110,603       1,425,755  

Silex Systems Ltd.(a)(b)

    850,329       2,834,053  

Silver Lake Resources Ltd.(a)

    5,904,686       4,646,753  

Sims Ltd.

    990,879       9,281,198  

SiteMinder Ltd.(a)

    1,195,995       4,088,875  

SmartGroup Corp. Ltd.

    659,848       4,159,203  

Sonic Healthcare Ltd.

    2,551,437       53,197,972  

South32 Ltd.

    25,762,699       55,781,817  

Stanmore Resources Ltd.

    871,169       2,235,552  

Star Entertainment Grp Ltd. (The)(a)

    13,431,925       4,874,110  

Steadfast Group Ltd.

    5,651,753       21,868,742  

Stockland

    13,365,141       39,468,733  

Strike Energy Ltd.(a)(b)

    12,103,115       3,391,431  

Suncorp Group Ltd.

    6,998,640       64,419,230  

Super Retail Group Ltd.

    951,961       9,824,411  

Tabcorp Holdings Ltd.

    12,866,336       6,684,227  

Technology One Ltd.

    1,684,632       17,212,194  

Telix Pharmaceuticals Ltd.(a)

    1,376,002       10,259,172  

Telstra Corp. Ltd.

    22,936,243       60,490,509  

Temple & Webster Group Ltd.(a)(b)

    566,054       3,353,130  

Transurban Group

    17,473,009       153,504,407  

Treasury Wine Estates Ltd.

    4,499,293       31,549,591  

Tyro Payments Ltd.(a)(b)

    2,342,638       1,661,914  

Ventia Services Group Pty Ltd.

    4,448,517       9,544,183  

Vicinity Ltd.

    21,824,791       28,970,366  

Viva Energy Group Ltd.(d)

    6,028,259       13,731,551  

Vulcan Steel Ltd.

    405,178       1,959,537  

Washington H Soul Pattinson & Co. Ltd.

    1,359,774       30,395,214  

Waypoint REIT Ltd.

    3,724,889       5,996,731  

Webjet Ltd.(a)(b)

    2,233,976       10,838,600  

Weebit Nano Ltd.(a)(b)

    1,157,459       2,603,418  

Wesfarmers Ltd.

    6,446,486       244,044,232  

West African Resources Ltd.(a)(b)

    5,692,564       3,608,123  

Westgold Resources Ltd.(a)

    1,299,905       1,875,304  

Westpac Banking Corp.

    19,866,916       311,664,612  

Whitehaven Coal Ltd.

    4,825,890       26,381,912  

WiseTech Global Ltd.

    956,974       45,055,389  

Woodside Energy Group Ltd.

    10,842,474       226,783,505  

Woolworths Group Ltd.

    6,916,366       162,430,534  

Worley Ltd.

    2,114,084       20,302,647  

Xero Ltd.(a)

    831,102       59,489,139  

Yancoal Australia Ltd., NVS

    1,015,577       3,961,839  
   

 

 

 
       8,118,192,078  
Austria — 0.3%            

ams-OSRAM AG(a)

    5,804,906       13,586,016  

ANDRITZ AG

    378,476       23,299,915  

AT&S Austria Technologie & Systemtechnik AG(b)

    145,982       3,526,705  

BAWAG Group AG(d)

    469,686       24,182,513  

CA Immobilien Anlagen AG

    295,970       9,716,119  

DO & CO AG(b)

    41,360       5,766,011  

Erste Group Bank AG

    1,911,882       82,360,818  

 

 

S C H E D U L E  O F  I N V E S T M E N T S

  11


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Austria (continued)

   

EVN AG

    200,702     $ 5,547,000  

Immofinanz AG(a)

    201,814       4,790,043  

Lenzing AG(a)(b)

    122,760       4,106,036  

Oesterreichische Post AG

    198,540       6,719,294  

OMV AG

    828,566       36,880,634  

Palfinger AG

    20,220       523,290  

Porr AG

    21,497       301,625  

Raiffeisen Bank International AG

    818,186       17,058,564  

Schoeller-Bleckmann Oilfield Equipment AG

    43,078       2,046,101  

Semperit AG Holding(b)

    69,508       1,089,201  

UNIQA Insurance Group AG

    813,276       6,823,732  

Verbund AG

    386,299       31,413,185  

Vienna Insurance Group AG Wiener Versicherung Gruppe

    248,117       7,012,698  

voestalpine AG

    641,308       19,080,012  

Wienerberger AG

    629,391       21,328,781  
   

 

 

 
      327,158,293  
Belgium — 1.0%            

Ackermans & van Haaren NV

    127,489       21,316,812  

Aedifica SA

    272,498       17,757,139  

Ageas SA/NV

    883,620       37,970,913  

Anheuser-Busch InBev SA/NV

    4,934,472       305,234,549  

Argenx SE(a)

    335,136       126,558,083  

Barco NV

    419,044       6,961,326  

Bekaert SA

    235,596       11,490,722  

bpost SA(b)

    540,575       2,209,443  

Cofinimmo SA

    195,750       14,226,579  

Colruyt Group NV

    298,152       13,621,970  

Deme Group NV

    45,002       5,647,707  

D’ieteren Group

    146,801       29,655,638  

Elia Group SA/NV

    189,167       22,776,714  

Euronav NV

    607,627       10,703,601  

Fagron

    458,832       8,261,908  

Galapagos NV(a)(b)

    254,813       9,558,725  

Groupe Bruxelles Lambert NV

    556,065       42,155,112  

Intervest Offices & Warehouses NV

    169,044       3,799,866  

KBC Ancora

    261,138       12,027,445  

KBC Group NV

    1,399,863       91,315,296  

Kinepolis Group NV(b)

    97,001       4,294,284  

Lotus Bakeries NV

    2,289       19,517,673  

Melexis NV

    123,297       10,564,493  

Montea NV

    69,101       5,931,259  

Ontex Group NV(a)(b)

    392,360       3,100,299  

Proximus SADP

    847,574       8,042,906  

Recticel SA(b)

    149,410       1,847,165  

Retail Estates NV

    56,274       3,686,525  

Shurgard Self Storage Ltd.

    146,935       6,815,120  

Sofina SA

    86,362       20,654,600  

Solvay SA

    409,442       11,197,617  

Syensqo SA(a)

    409,442       36,500,510  

Tessenderlo Group SA

    234,703       6,719,563  

UCB SA

    712,643       67,035,247  

Umicore SA

    1,177,919       26,793,488  

VGP NV

    78,147       9,165,778  

Warehouses De Pauw CVA

    960,636       28,105,469  

X-Fab Silicon Foundries SE(a)(b)(d)

    187,419       1,801,218  

Xior Student Housing NV

    160,701       4,813,172  
   

 

 

 
       1,069,835,934  
Denmark — 3.3%            

ALK-Abello A/S(a)

    834,533       13,466,758  

Alm Brand A/S

    5,155,282       9,358,743  
Security   Shares     Value  

Denmark (continued)

   

Ambu A/S, Class B(a)

    1,067,263     $ 17,702,736  

AP Moller - Maersk A/S, Class A

    16,467       29,859,122  

AP Moller - Maersk A/S, Class B, NVS

    28,015       51,654,029  

Bavarian Nordic A/S(a)(b)

    449,677       10,330,532  

Better Collective A/S(a)

    163,568       4,573,834  

Carlsberg A/S, Class B

    550,407       70,819,457  

cBrain A/S(b)

    54,526       1,976,711  

Chemometec A/S(b)

    92,378       4,996,437  

Coloplast A/S, Class B

    770,235       88,786,301  

D/S Norden A/S

    152,748       8,218,868  

Danske Bank A/S

    3,875,492       104,062,606  

Demant A/S(a)

    562,840       25,496,021  

Dfds A/S

    210,648       7,136,799  

DSV A/S

    1,056,134       188,952,634  

FLSmidth & Co. A/S(b)

    287,150       11,789,065  

Genmab A/S(a)

    374,859       103,656,765  

GN Store Nord A/S(a)

    775,935       18,298,500  

H Lundbeck A/S

    1,520,173       7,699,598  

H Lundbeck A/S, Class A

    380,538       1,679,057  

ISS A/S

    859,141       16,256,649  

Jyske Bank A/S, Registered

    270,898       20,749,868  

Matas A/S

    298,106       5,344,710  

Netcompany Group A/S(a)(b)(d)

    255,516       10,192,134  

Nilfisk Holding A/S(a)

    94,790       1,670,449  

NKT A/S(a)(b)

    314,698       21,941,976  

Novo Nordisk A/S

    18,535,688       2,118,710,413  

Novozymes A/S, Class B

    2,087,162       106,947,600  

NTG Nordic Transport Group A/S, Class A(a)

    34,685       1,556,708  

Orsted A/S(d)

    1,073,447       60,504,572  

Pandora A/S

    497,801       72,737,147  

Per Aarsleff Holding A/S

    137,468       6,327,624  

Ringkjoebing Landbobank A/S

    186,201       30,010,715  

Rockwool A/S, Class B

    50,283       13,708,496  

Royal Unibrew A/S

    280,952       18,403,908  

Scandinavian Tobacco Group A/S,
Class A(d)

    388,006       6,958,462  

Schouw & Co. A/S

    80,270       6,418,401  

Solar A/S, Class B

    5,238       341,113  

Spar Nord Bank A/S

    565,221       9,616,735  

Sydbank A/S

    367,662       16,316,535  

Topdanmark A/S

    240,323       10,657,910  

TORM PLC, Class A(b)

    199,388       7,005,327  

Tryg A/S

    1,981,362       42,349,854  

Vestas Wind Systems A/S(a)

    5,734,879       161,694,965  

Zealand Pharma A/S, Class A(a)

    283,139       19,341,687  
   

 

 

 
       3,566,278,531  
Finland — 1.1%            

Cargotec OYJ, Class B

    240,090       13,649,141  

Citycon OYJ

    568,283       2,971,853  

Elisa OYJ

    789,727       35,981,116  

Finnair OYJ(a)

    6,704,245       256,483  

Fortum OYJ

    2,537,238       34,684,412  

Huhtamaki OYJ

    556,296       21,833,459  

Kemira OYJ

    664,798       12,443,210  

Kempower OYJ(a)(b)

    94,743       3,031,756  

Kesko OYJ, Class B

    1,511,013       29,509,483  

Kojamo OYJ

    759,835       9,008,152  

Kone OYJ, Class B

    1,929,766       95,525,934  

Konecranes OYJ

    382,883       16,443,489  

Mandatum OYJ(a)

    2,565,094       11,581,572  

Marimekko OYJ

    58,631       875,670  

Metsa Board OYJ, Class B(b)

    1,143,696       9,211,569  

Metso OYJ

    3,742,973       37,409,655  

 

 

12  

2 0 2 4I S H A R E S  S E M I - A N N U A L  R E P O R T  T O  S H A R E H O L D E R S


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Finland (continued)

   

Musti Group OYJ

    110,163     $ 3,106,937  

Neste OYJ

    2,420,615       83,449,531  

Nokia OYJ

    30,387,146       109,856,314  

Nokian Renkaat OYJ

    726,840       6,550,516  

Nordea Bank Abp

    18,223,307       224,554,719  

Orion OYJ, Class B

    609,414       28,056,012  

Outokumpu OYJ

    2,065,187       8,815,704  

Puuilo OYJ

    122,871       1,183,541  

QT Group OYJ(a)(b)

    110,856       7,819,288  

Revenio Group OYJ

    117,360       3,222,145  

Sampo OYJ, Class A

    2,562,669       107,261,633  

Stora Enso OYJ, Class R

    3,277,533       41,705,841  

TietoEVRY OYJ

    574,113       13,322,574  

Tokmanni Group Corp.

    184,498       3,163,571  

UPM-Kymmene OYJ

    3,024,205       109,997,050  

Valmet OYJ

    910,330       25,765,708  

Wartsila OYJ Abp

    2,686,523       39,630,385  

YIT OYJ(b)

    1,045,186       2,226,460  
   

 

 

 
       1,154,104,883  
France — 10.7%            

ABC arbitrage

    516,263       2,468,820  

Accor SA

    1,080,787       42,684,053  

Aeroports de Paris SA

    181,718       24,315,648  

Air France-KLM, NVS(a)

    666,043       8,489,489  

Air Liquide SA

    2,970,424       555,865,242  

Airbus SE

    3,360,522       535,283,583  

Alstom SA(b)

    1,623,262       20,469,994  

Altarea SCA

    19,003       1,663,460  

Alten SA

    174,345       26,957,260  

Amundi SA(d)

    330,569       22,358,890  

Antin Infrastructure Partners SA

    189,262       3,480,100  

Aperam SA

    292,958       9,027,831  

ArcelorMittal SA

    2,882,243       79,377,019  

Arkema SA

    330,429       35,961,569  

Atos SE(a)(b)

    639,307       2,729,148  

Aubay

    3,120       138,536  

AXA SA

    10,384,310       348,552,584  

Believe SA(a)(b)

    23,531       277,187  

Beneteau SACA

    107,409       1,287,251  

BioMerieux

    230,806       24,841,241  

BNP Paribas SA

    5,941,393       399,167,536  

Boiron SA(b)

    58,245       2,519,189  

Bollore SE

    4,086,722       26,992,921  

Bonduelle SCA

    116,141       1,233,911  

Bouygues SA

    1,232,740       45,158,459  

Bureau Veritas SA

    1,658,226       44,106,956  

Capgemini SE

    926,853       206,059,248  

Carmila SA

    347,718       6,178,601  

Carrefour SA

    3,374,818       57,615,894  

CGG SA(a)(b)

    4,720,242       2,263,785  

Cie. de Saint-Gobain

    2,611,100       184,621,819  

Cie. des Alpes

    14,908       242,857  

Cie. Generale des Etablissements Michelin SCA

    3,819,249       126,809,232  

Cie. Plastic Omnium SA

    373,547       4,281,392  

Clariane SE(b)

    438,999       1,109,413  

Coface SA

    655,301       8,854,936  

Covivio SA/France

    256,381       12,414,966  

Credit Agricole SA

    6,372,449       91,284,382  

Danone SA

    3,665,596       244,215,256  

Dassault Aviation SA

    115,808       21,935,003  

Dassault Systemes SE

    3,795,197       196,736,430  

Derichebourg SA

    704,675       3,635,814  
Security   Shares     Value  

France (continued)

   

Edenred SE

    1,410,452     $ 84,244,153  

Eiffage SA

    415,221       43,444,641  

Elior Group SA(a)(b)(d)

    715,816       2,068,408  

Elis SA

    1,078,628       23,715,647  

Engie SA

    10,249,601       163,711,458  

Equasens

    28,590       1,645,185  

Eramet SA(b)

    53,276       3,669,497  

Esker SA(b)

    24,780       4,161,286  

EssilorLuxottica SA

    1,674,699       328,195,790  

Etablissements Maurel et Prom SA

    348,325       2,064,726  

Eurazeo SE

    259,226       22,080,933  

Euroapi SA(a)

    282,887       1,890,582  

Eurofins Scientific SE

    758,144       45,652,985  

Euronext NV(d)

    470,855       41,415,068  

Eutelsat Communications SACA(a)(b)

    917,205       3,345,385  

Fnac Darty SA

    106,732       2,851,344  

Forvia SE(a)

    876,845       15,070,540  

Gaztransport Et Technigaz SA

    201,525       28,253,310  

Gecina SA

    250,271       27,601,532  

Getlink SE

    1,981,817       34,148,851  

Hermes International SCA

    180,410       380,603,591  

ICADE

    182,832       6,189,999  

ID Logistics Group SACA(a)

    14,068       5,017,086  

Imerys SA

    210,591       7,003,461  

Interparfums SA

    114,512       6,058,861  

Ipsen SA

    206,558       23,815,955  

IPSOS SA

    241,322       15,838,139  

JCDecaux SE(a)

    343,261       7,129,642  

Kaufman & Broad SA

    57,781       1,710,439  

Kering SA

    423,979       174,159,293  

Klepierre SA

    1,189,104       30,786,702  

La Francaise des Jeux SAEM(d)

    568,374       23,038,243  

Legrand SA

    1,506,941       146,046,094  

LISI SA

    118,092       2,779,645  

L’Oreal SA

    1,364,902       653,179,334  

LVMH Moet Hennessy Louis Vuitton SE

    1,567,193        1,303,996,318  

Mercialys SA

    527,438       6,000,530  

Mersen SA

    166,404       6,036,446  

Metropole Television SA

    221,150       3,136,460  

Neoen SA(d)

    385,292       11,139,967  

Nexans SA

    177,947       16,196,430  

Nexity SA(b)

    270,839       4,514,416  

Orange SA

    10,514,690       125,039,878  

Pernod Ricard SA

    1,163,766       190,840,806  

Peugeot Invest

    36,702       3,961,206  

Pierre & Vacances SA, NVS(a)

    753,042       1,088,205  

Publicis Groupe SA

    1,293,458       129,596,124  

Quadient SA

    229,663       4,865,872  

Remy Cointreau SA

    127,525       12,921,350  

Renault SA

    1,093,286       41,172,800  

Rexel SA

    1,340,907       35,712,738  

Rubis SCA

    515,913       13,045,645  

Safran SA

    1,941,292       362,456,396  

Sanofi SA

    6,456,948       646,634,517  

Sartorius Stedim Biotech

    156,319       42,118,155  

Schneider Electric SE

    3,085,893       606,223,658  

SCOR SE

    835,112       24,912,357  

SEB SA

    136,011       16,608,348  

Seche Environnement SACA, NVS

    12,906       1,606,754  

SES SA, Class A

    2,032,712       12,471,764  

Societe BIC SA

    137,735       9,530,233  

Societe Generale SA

    4,109,211       105,627,349  

 

 

S C H E D U L E  O F  I N V E S T M E N T S

  13


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

France (continued)

   

Sodexo SA

    494,251     $ 55,755,932  

SOITEC(a)

    152,593       22,054,119  

Sopra Steria Group SACA

    92,077       21,597,038  

SPIE SA

    749,399       24,788,294  

Teleperformance SE

    336,605       52,568,959  

Television Francaise 1 SA

    392,341       3,459,864  

Thales SA

    590,179       86,316,069  

TotalEnergies SE

    12,967,136       841,250,526  

Trigano SA

    61,612       9,705,148  

Ubisoft Entertainment SA(a)

    527,092       11,626,638  

Unibail-Rodamco-Westfield, New(a)

    667,525       47,797,925  

Valeo SE

    1,141,665       14,901,637  

Vallourec SACA(a)

    944,303       13,509,383  

Valneva SE(a)(b)

    622,885       2,539,156  

Veolia Environnement SA

    3,855,827       125,637,653  

Verallia SA(d)

    408,928       14,420,577  

Vicat SACA

    88,044       3,425,401  

Vinci SA

    2,880,940       363,926,866  

Virbac SACA

    29,220       10,545,163  

Vivendi SE

    3,967,762       44,714,924  

Voltalia SA(a)(b)

    159,504       1,364,918  

VusionGroup(a)(b)

    43,306       6,430,119  

Waga Energy SA(a)(b)

    27,852       718,176  

Wavestone

    44,282       2,933,510  

Wendel SE

    141,465       12,825,576  

Worldline SA/France(a)(d)

    1,366,154       18,468,336  
   

 

 

 
       11,346,991,339  
Germany — 7.4%            

1&1 AG

    246,731       4,872,376  

About You Holding SE(a)

    135,401       595,819  

Adesso SE

    17,206       1,726,191  

adidas AG

    921,134       173,899,034  

Adtran Networks SE(a)(b)

    99,459       2,149,707  

AIXTRON SE

    654,442       24,357,168  

Allianz SE, Registered

    2,281,842       609,653,311  

Amadeus Fire AG

    20,682       2,498,470  

Aroundtown SA(a)(b)

    5,199,462       11,598,621  

Atoss Software AG

    12,029       3,295,963  

Aurubis AG

    179,464       12,909,436  

Auto1 Group SE(a)(b)(d)

    555,944       2,312,952  

BASF SE

    5,065,696       242,160,487  

Bayer AG, Registered

    5,579,135       173,603,790  

Bayerische Motoren Werke AG

    1,777,966       185,002,865  

BayWa AG(b)

    88,155       2,831,718  

Bechtle AG

    460,989       23,903,591  

Befesa SA(d)

    217,906       7,657,433  

Beiersdorf AG

    581,219       85,055,385  

Bertrandt AG

    41,648       2,225,695  

Bilfinger SE(b)

    198,169       8,400,904  

Borussia Dortmund GmbH & Co. KGaA(a)

    558,768       2,295,546  

Brenntag SE

    839,616       74,230,443  

CANCOM SE

    213,794       6,786,587  

Carl Zeiss Meditec AG, Bearer

    232,729       24,532,363  

Ceconomy AG(a)

    694,187       1,686,282  

Cewe Stiftung & Co. KGaA

    49,450       5,388,997  

Commerzbank AG

    6,004,794       68,956,603  

CompuGroup Medical SE & Co. KgaA

    151,003       6,474,205  

Continental AG

    624,842       51,043,745  

Covestro AG(a)(d)

    1,097,363       57,946,777  

CropEnergies AG(b)

    149,568       1,860,486  

CTS Eventim AG & Co. KGaA

    360,055       24,367,496  

CureVac NV(a)

    543,103       1,988,129  
Security   Shares     Value  

Germany (continued)

   

Daimler Truck Holding AG

    3,040,702     $ 108,666,050  

Datagroup SE

    2,288       131,297  

Delivery Hero SE(a)(b)(d)

    1,003,801       22,775,526  

Dermapharm Holding SE

    104,621       4,450,118  

Deutsche Bank AG, Registered

    10,925,829       141,136,857  

Deutsche Boerse AG

    1,081,787       215,426,684  

Deutsche Lufthansa AG, Registered(a)

    3,380,873       28,113,217  

Deutsche Pfandbriefbank AG(b)(d)

    750,616       4,517,270  

Deutsche Post AG, Registered

    5,639,947       270,120,460  

Deutsche Telekom AG, Registered

    18,403,351       451,761,947  

Deutz AG

    854,580       5,164,751  

Duerr AG

    311,771       7,128,157  

E.ON SE

    12,796,906       173,132,875  

Eckert & Ziegler Strahlen- und Medizintechnik AG

    84,607       4,208,037  

Elmos Semiconductor SE(b)

    45,125       3,151,697  

ElringKlinger AG

    74,463       410,465  

Encavis AG(a)

    691,747       9,630,720  

Energiekontor AG

    29,008       2,368,873  

Evonik Industries AG

    1,276,986       23,491,618  

Evotec SE(a)

    815,110       12,468,822  

Fielmann Group AG

    101,148       5,262,977  

flatexDEGIRO AG(a)

    407,527       4,456,333  

Fraport AG Frankfurt Airport Services Worldwide(a)

    212,684       12,482,846  

Freenet AG

    653,988       18,071,447  

Fresenius Medical Care AG & Co. KGaA

    1,160,790       44,864,070  

Fresenius SE & Co. KGaA

    2,383,027       66,898,318  

GEA Group AG

    925,382       37,060,659  

Gerresheimer AG

    192,404       19,615,385  

GFT Technologies SE

    83,056       2,936,909  

Grand City Properties SA(a)

    544,745       5,287,693  

GRENKE AG(b)

    153,112       3,707,958  

Hamborner REIT AG(b)

    596,518       4,216,419  

Hamburger Hafen und Logistik AG, NVS(b)

    153,206       2,735,737  

Hannover Rueck SE

    340,081       81,523,156  

Heidelberg Materials AG

    807,800       74,595,838  

Heidelberger Druckmaschinen AG(a)(b)

    1,161,988       1,371,809  

HelloFresh SE(a)

    904,057       11,955,931  

Henkel AG & Co. KGaA

    558,190       38,174,980  

Hensoldt AG

    320,353       9,617,282  

Hornbach Holding AG & Co. KGaA

    55,207       3,963,803  

Hugo Boss AG

    327,916       20,479,864  

Hypoport SE(a)(b)

    27,950       5,936,923  

Infineon Technologies AG

    7,420,774       270,538,589  

Jenoptik AG

    322,067       10,057,901  

JOST Werke SE(d)

    32,965       1,591,907  

K+S AG, Registered(b)

    1,066,646       14,961,023  

KION Group AG

    405,614       18,506,104  

Kloeckner & Co. SE

    390,501       2,824,152  

Knorr-Bremse AG

    411,388       25,409,838  

Kontron AG

    306,793       7,114,670  

Krones AG

    91,721       11,366,513  

LANXESS AG(b)

    455,933       12,171,731  

LEG Immobilien SE(a)

    420,398       34,884,480  

MBB SE(b)

    694       67,202  

Medios AG(a)

    75,998       1,237,676  

Mercedes-Benz Group AG

    4,552,749        307,368,729  

Merck KGaA

    734,794       120,561,687  

METRO AG(a)

    852,943       5,748,802  

MorphoSys AG(a)(b)

    193,343       8,097,543  

MTU Aero Engines AG

    307,454       70,692,949  

 

 

14  

2 0 2 4I S H A R E S  S E M I - A N N U A L  R E P O R T  T O  S H A R E H O L D E R S


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Germany (continued)

   

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered

    774,891     $ 329,885,764  

Nagarro SE(a)(b)

    48,141       4,705,196  

Nemetschek SE

    332,683       30,697,870  

Nordex SE(a)

    748,937       7,641,615  

Norma Group SE

    201,773       3,281,250  

Patrizia SE(b)

    322,728       2,753,511  

Pfeiffer Vacuum Technology AG

    39,187       6,575,305  

PNE AG

    148,079       2,134,143  

ProSiebenSat.1 Media SE(b)

    934,969       6,577,239  

Puma SE

    601,681       24,213,924  

PVA TePla AG(a)

    103,401       2,340,024  

Rational AG

    29,367       22,559,303  

Redcare Pharmacy NV(a)(d)

    86,193       11,997,662  

Rheinmetall AG

    247,468       86,656,056  

RWE AG

    3,597,347       132,834,271  

SAF-Holland SE

    102,496       1,654,977  

Salzgitter AG

    159,462       4,447,618  

SAP SE

    5,924,526       1,026,403,836  

Scout24 SE(d)

    445,081       32,771,442  

Secunet Security Networks AG

    8,788       1,574,118  

SGL Carbon SE(a)(b)

    427,444       2,705,841  

Siemens AG, Registered

    4,318,933       773,191,990  

Siemens Healthineers AG(d)

    1,609,540       89,572,875  

Siltronic AG(b)

    111,174       10,449,044  

Sixt SE(b)

    83,674       8,154,533  

SMA Solar Technology AG(a)

    103,851       5,326,511  

Stabilus SE

    146,146       10,240,946  

Steico SE(b)

    29,670       909,581  

Stratec SE(b)

    42,310       1,931,857  

Stroeer SE & Co. KGaA

    210,188       12,340,575  

Suedzucker AG

    423,171       5,972,612  

Symrise AG, Class A

    759,137       78,322,982  

Synlab AG

    23,172       296,497  

Synlab AG, NVS

    360,241       3,872,490  

TAG Immobilien AG(a)

    993,049       13,899,539  

Takkt AG

    203,811       2,977,896  

Talanx AG(a)

    355,970       24,975,207  

TeamViewer SE(a)(d)

    782,294       11,215,469  

thyssenkrupp AG

    2,793,878       17,242,936  

United Internet AG, Registered(e)

    539,595       14,181,975  

Varta AG(a)(b)

    110,283       2,071,946  

VERBIO Vereinigte BioEnergie AG(b)

    122,476       2,679,123  

Vib Vermoegen AG(a)

    45,862       713,708  

Vitesco Technologies Group AG(a)

    45,472       3,973,973  

Volkswagen AG

    168,387       23,773,060  

Vonovia SE

    4,158,477       129,546,343  

Vossloh AG

    69,938       3,102,316  

Wacker Chemie AG

    101,204       10,972,611  

Wacker Neuson SE

    206,959       3,834,964  

Zalando SE(a)(d)

    1,278,016       25,517,670  
   

 

 

 
       7,830,614,043  
Hong Kong — 1.9%            

AIA Group Ltd.

    65,363,800       512,610,110  

ASMPT Ltd.

    1,794,700       17,319,529  

Bank of East Asia Ltd. (The)

    6,723,200       7,645,349  

BOC Hong Kong Holdings Ltd.

    20,845,500       49,962,349  

Brightoil Petroleum Holdings Ltd.(c)

    6,240,000       8  

Budweiser Brewing Co. APAC Ltd.(b)(d)

    10,132,700       15,970,567  

Cafe de Coral Holdings Ltd.

    1,634,000       1,643,509  

Champion REIT

    15,408,000       3,668,923  

Chow Sang Sang Holdings International Ltd.

    2,093,000       2,280,958  
Security   Shares     Value  

Hong Kong (continued)

   

CITIC Telecom International Holdings Ltd.

    12,927,000     $ 4,609,419  

CK Asset Holdings Ltd.

    11,317,016       51,066,223  

CK Hutchison Holdings Ltd.

    15,022,516       77,588,592  

CK Infrastructure Holdings Ltd.

    3,665,000       21,765,852  

CK Life Sciences International Holdings Inc.

    15,120,000       1,027,644  

CLP Holdings Ltd.

    9,422,500       74,941,272  

C-Mer Eye Care Holdings Ltd.(a)(b)

    3,252,000       1,099,101  

Comba Telecom Systems Holdings Ltd.

    10,502,000       876,440  

Cowell e Holdings Inc.(a)(b)

    1,539,000       3,155,206  

Dah Sing Banking Group Ltd.

    3,238,400       1,946,775  

Dah Sing Financial Holdings Ltd.

    984,000       1,981,720  

EC Healthcare(b)

    2,263,000       333,446  

E-Commodities Holdings Ltd.

    8,050,000       1,527,305  

ESR Group Ltd.(d)

    12,124,600       15,498,547  

Far East Consortium International Ltd.

    8,724,600       1,407,846  

First Pacific Co. Ltd.

    14,550,250       5,526,720  

Fortune REIT

    7,979,000       4,568,758  

Fosun Tourism Group(a)(d)

    1,310,400       671,989  

Futu Holdings Ltd., ADR(a)(b)

    323,269       15,103,128  

Galaxy Entertainment Group Ltd.

    12,578,000       65,278,305  

Guotai Junan International Holdings Ltd.(b)

    25,512,000       1,603,076  

Hang Lung Group Ltd.

    5,609,000       6,752,245  

Hang Lung Properties Ltd.

    11,072,000       12,854,142  

Hang Seng Bank Ltd.

    4,331,700       45,093,726  

Health and Happiness H&H International Holdings Ltd.

    1,099,500       1,436,335  

Henderson Land Development Co. Ltd.

    8,122,570       21,164,338  

HKBN Ltd.

    5,070,000       2,106,897  

HKT Trust & HKT Ltd., Class SS

    21,472,200       25,793,691  

Hong Kong & China Gas Co. Ltd.

    64,548,864       45,934,712  

Hong Kong Exchanges & Clearing Ltd.

    6,408,400        194,294,986  

Hongkong Land Holdings Ltd.

    6,351,400       19,825,927  

Hsin Chong Group Holdings Ltd.(c)

    7,490,000       10  

Hutchison Telecommunications Hong Kong Holdings Ltd.(b)

    13,374,000       1,775,505  

Hysan Development Co. Ltd.

    3,219,000       5,555,969  

IGG Inc.(a)

    4,469,000       1,590,683  

Jardine Matheson Holdings Ltd.

    899,200       36,106,579  

Johnson Electric Holdings Ltd.

    2,223,750       2,916,197  

JS Global Lifestyle Co. Ltd.(b)(d)

    8,456,500       1,307,438  

Kerry Logistics Network Ltd.

    2,576,887       2,863,061  

Kerry Properties Ltd.

    3,242,500       5,149,033  

Link REIT

    14,836,819       74,416,760  

Luk Fook Holdings International Ltd.

    1,628,000       4,033,251  

Man Wah Holdings Ltd.

    9,658,800       6,020,851  

Melco International Development Ltd.(a)(b)

    5,112,000       3,315,538  

Melco Resorts & Entertainment Ltd., ADR(a)(b)

    1,246,684       9,736,602  

MTR Corp. Ltd.

    9,016,000       29,331,841  

New World Development Co. Ltd.(b)

    8,409,000       10,306,510  

Nissin Foods Co. Ltd.

    324,000       239,013  

NWS Holdings Ltd.

    8,615,166       7,485,894  

Pacific Basin Shipping Ltd.

    30,522,000       8,496,082  

PAX Global Technology Ltd.

    2,999,000       2,098,316  

PCCW Ltd.

    24,466,000       12,655,087  

Perfect Medical Health Management Ltd.

    1,640,000       630,507  

Power Assets Holdings Ltd.

    8,102,000       47,438,707  

Realord Group Holdings Ltd.(a)(b)

    2,558,000       1,740,681  

Sa Sa International Holdings Ltd.(a)

    9,642,000       1,010,936  

Sands China Ltd.(a)

    13,858,800       36,376,152  

Shangri-La Asia Ltd.(a)

    10,356,000       6,435,254  

Shun Tak Holdings Ltd.(a)(b)

    10,824,000       1,080,710  

Sino Land Co. Ltd.

    20,098,000       20,993,644  

 

 

S C H E D U L E  O F  I N V E S T M E N T S

  15


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Hong Kong (continued)

   

SITC International Holdings Co. Ltd.

    7,815,000     $ 11,858,036  

SJM Holdings Ltd.(a)(b)

    13,932,000       3,915,289  

SmarTone Telecommunications Holdings Ltd.

    2,326,000       1,163,305  

Stella International Holdings Ltd.

    750,500       989,777  

Sun Hung Kai Properties Ltd.

    8,229,000       76,804,432  

SUNeVision Holdings Ltd.(b)

    2,109,000       723,647  

Swire Pacific Ltd., Class A

    2,708,500       20,955,747  

Swire Properties Ltd.

    6,396,600       11,953,795  

Techtronic Industries Co. Ltd.

    7,829,500       83,157,938  

Texhong Textile Group Ltd.(a)

    1,281,500       606,495  

Theme International Holdings Ltd.(a)

    24,500,000       1,301,022  

United Energy Group Ltd.(b)

    46,454,000       4,936,675  

United Laboratories International Holdings Ltd. (The)

    5,528,000       4,778,680  

Value Partners Group Ltd.(b)

    8,405,000       1,935,375  

Vitasoy International Holdings Ltd.(b)

    4,456,000       3,420,332  

Viva Goods Co. Ltd.(a)(b)

    20,624,000       1,848,369  

Vobile Group Ltd.(a)(b)

    8,534,000       1,582,842  

VSTECS Holdings Ltd.

    2,788,000       1,502,290  

VTech Holdings Ltd.

    947,600       5,488,488  

WH Group Ltd.(d)

    47,877,000       28,247,170  

Wharf Holdings Ltd. (The)(b)

    4,614,407       13,481,857  

Wharf Real Estate Investment Co. Ltd.

    9,388,000       27,505,274  

Xinyi Glass Holdings Ltd.(b)

    10,397,000       8,619,364  

Yue Yuen Industrial Holdings Ltd.

    4,269,000       4,025,782  
   

 

 

 
       1,999,844,457  
Ireland — 0.8%            

AIB Group PLC

    8,405,504       36,920,536  

Bank of Ireland Group PLC

    5,690,333       52,328,186  

Cairn Homes PLC

    3,539,013       5,429,997  

CRH PLC

    4,098,501       290,754,287  

Dalata Hotel Group PLC

    1,289,806       6,697,659  

Flutter Entertainment PLC(a)

    995,331       204,297,763  

Glanbia PLC

    1,022,642       18,279,502  

Glenveagh Properties PLC(a)(d)

    1,544,989       2,047,015  

Greencore Group PLC(a)

    2,915,316       3,783,251  

Irish Residential Properties REIT PLC

    1,613,625       2,008,883  

Kerry Group PLC, Class A

    886,522       79,019,256  

Kingspan Group PLC

    856,749       69,582,234  

Origin Enterprises PLC

    644,010       2,366,338  

Smurfit Kappa Group PLC

    1,554,432       57,925,574  

Uniphar PLC(a)

    936,409       2,843,656  
   

 

 

 
      834,284,137  
Israel — 1.0%            

Africa Israel Residences Ltd.

    34,267       1,820,559  

Airport City Ltd.(a)

    510,234       8,513,744  

Alony Hetz Properties & Investments
Ltd.(b)

    1,000,946       7,575,771  

Amot Investments Ltd.

    1,176,982       6,114,982  

Ashtrom Group Ltd.(b)

    138,805       2,087,735  

Azorim-Investment Development & Construction Co. Ltd.(a)

    108,087       453,343  

Azrieli Group Ltd.

    246,927       16,638,593  

Bank Hapoalim BM

    7,221,607       61,440,789  

Bank Leumi Le-Israel BM

    8,665,378       65,814,980  

Bezeq The Israeli Telecommunication Corp. Ltd.

    11,858,821       15,686,417  

Big Shopping Centers Ltd.(a)

    71,165       7,236,303  

Blue Square Real Estate Ltd.(b)

    6,800       436,490  

Camtek Ltd./Israel(a)

    167,353       12,969,829  

Cellcom Israel Ltd.(a)(b)

    639,281       2,616,066  

Cellebrite DI Ltd.(a)

    188,642       1,705,324  

Check Point Software Technologies Ltd.(a)

    538,053       85,512,763  
Security   Shares     Value  

Israel (continued)

   

Clal Insurance Enterprises Holdings Ltd.(a)(b)

    392,355     $ 6,104,863  

CyberArk Software Ltd.(a)

    243,563       56,867,089  

Danel Adir Yeoshua Ltd.

    33,041       2,860,111  

Danya Cebus Ltd.

    42,576       1,044,047  

Delek Automotive Systems Ltd.

    317,980       1,902,499  

Delek Group Ltd.

    56,768       7,029,679  

Delta Galil Ltd.

    44,667       2,065,745  

Elbit Systems Ltd.

    153,789        31,724,102  

Elco Ltd.

    19,721       608,578  

Electra Consumer Products 1970 Ltd.(b)

    71,399       1,522,520  

Electra Ltd./Israel(b)

    10,386       3,958,473  

Electra Real Estate Ltd.(b)

    68,206       694,063  

Energix-Renewable Energies Ltd.(b)

    1,618,492       5,904,534  

Enlight Renewable Energy Ltd.(a)(b)

    680,249       12,287,583  

Equital Ltd.(a)(b)

    120,056       3,416,630  

Fattal Holdings 1998 Ltd.(a)(b)

    37,282       4,232,420  

FIBI Holdings Ltd.

    97,566       4,139,516  

First International Bank Of Israel Ltd. (The)

    434,942       17,442,533  

Fiverr International Ltd.(a)(b)

    196,439       5,288,138  

Formula Systems 1985 Ltd.

    47,041       3,151,100  

Fox Wizel Ltd.(b)

    47,825       3,388,901  

G City Ltd.

    821,704       2,628,792  

Gav-Yam Lands Corp. Ltd.

          2  

Global-e Online Ltd.(a)(b)

    525,690       19,855,311  

Harel Insurance Investments & Financial Services Ltd.(b)

    977,514       8,108,428  

Hilan Ltd.

    40,188       2,233,845  

ICL Group Ltd.

    4,373,064       19,889,963  

Inmode Ltd.(a)(b)

    467,445       11,073,772  

Isracard Ltd.

    773,024       2,774,506  

Israel Canada T.R Ltd.

    810,577       2,733,936  

Israel Corp Ltd.(a)(b)

    28,000       6,416,905  

Israel Discount Bank Ltd., Class A

    7,132,026       34,596,672  

Isras Holdings Ltd., NVS

    16,172       1,548,593  

Isras Investment Co. Ltd.(b)

    9,818       2,072,472  

Ituran Location and Control Ltd.

    155,242       3,862,421  

Kenon Holdings Ltd./Singapore(b)

    140,188       3,461,856  

Kornit Digital Ltd.(a)

    289,598       4,955,022  

M Yochananof & Sons Ltd.(b)

    4,573       205,473  

Magic Software Enterprises Ltd.

    141,854       1,440,415  

Matrix IT Ltd.

    186,195       3,505,452  

Maytronics Ltd.(b)

    238,698       2,618,909  

Mega Or Holdings Ltd.(b)

    108,166       2,471,865  

Melisron Ltd.

    173,048       12,690,222  

Menora Mivtachim Holdings Ltd.(b)

    28,483       715,522  

Migdal Insurance & Financial Holdings Ltd.(b)

    3,759,843       4,163,769  

Mivne Real Estate KD Ltd.

    3,592,285       9,720,248  

Mizrahi Tefahot Bank Ltd.

    892,386       33,212,204  

Monday.com Ltd.(a)

    151,816       31,887,433  

Nano Dimension Ltd., ADR(a)(b)

    1,372,062       3,292,949  

Nano-X Imaging Ltd.(a)(b)

    301,056       1,637,745  

Nayax Ltd.(a)

    15,710       383,653  

NEOGAMES SA(a)

    82,360       2,304,433  

Nice Ltd.(a)

    360,939       74,888,299  

Nova Ltd.(a)

    168,915       24,054,595  

Oddity Tech Ltd., NVS(b)

    60,686       2,506,332  

Oil Refineries Ltd.

    18,010,056       6,221,005  

One Software Technologies Ltd.

    209,467       2,633,422  

OPC Energy Ltd.(a)(b)

    576,361       4,083,870  

OY Nofar Energy Ltd.(a)(b)

    85,136       2,164,255  

Pagaya Technologies Ltd., NVS

    974,340       1,139,978  

Partner Communications Co. Ltd.(a)(b)

    801,409       3,705,511  

 

 

16  

2 0 2 4I S H A R E S  S E M I - A N N U A L  R E P O R T  T O  S H A R E H O L D E R S


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Israel (continued)

   

Paz Oil Co. Ltd.

    68,629     $ 5,641,298  

Perion Network Ltd.(a)

    244,886       7,265,267  

Phoenix Holdings Ltd. (The)(b)

    902,205       9,175,929  

Prashkovsky Investments and Construction Ltd.(b)

    14,245       319,255  

Radware Ltd.(a)(b)

    307,022       5,612,362  

Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.

    76,254       4,265,594  

Reit 1 Ltd.

    995,288       4,443,064  

Retailors Ltd.

    64,952       1,290,938  

Riskified Ltd.(a)

    392,448       1,801,336  

Sapiens International Corp. NV

    179,483       5,012,988  

Sella Capital Real Estate Ltd.

    1,204,889       2,714,922  

Shapir Engineering and Industry Ltd.

    746,167       4,206,343  

Shikun & Binui Ltd.(a)

    1,837,961       4,796,036  

Shufersal Ltd.(a)

    1,515,030       8,128,832  

Strauss Group Ltd.(a)(b)

    347,633       6,751,515  

Summit Real Estate Holdings Ltd.(b)

    104,457       1,382,411  

Tadiran Group Ltd.(b)

    20,635       1,370,185  

Taro Pharmaceutical Industries Ltd.(a)

    50,274       2,164,296  

Tel Aviv Stock Exchange Ltd.

    551,619       3,417,610  

Teva Pharmaceutical Industries Ltd., ADR(a)

    6,389,993       77,318,915  

Tower Semiconductor Ltd.(a)

    648,016       18,478,479  

Wix.com Ltd.(a)

    311,543       39,528,576  

YH Dimri Construction & Development Ltd.

    7,673       565,512  

ZIM Integrated Shipping Services Ltd.(b)

    681,887       10,228,305  
   

 

 

 
       1,055,996,835  
Italy — 2.6%            

A2A SpA

    8,764,668       17,377,387  

ACEA SpA

    334,718       5,282,054  

Amplifon SpA

    686,436       22,404,250  

Anima Holding SpA(d)

    1,825,466       8,239,144  

Ascopiave SpA

    320,448       777,462  

Assicurazioni Generali SpA

    5,668,498       126,446,719  

Azimut Holding SpA

    628,292       17,515,968  

Banca Generali SpA

    401,983       15,324,753  

Banca IFIS SpA

    179,253       3,102,651  

Banca Mediolanum SpA

    1,264,285       12,938,347  

Banca Monte dei Paschi di Siena SpA(a)

    4,528,765       15,894,765  

Banca Popolare di Sondrio SpA

    2,744,350       20,851,589  

Banco BPM SpA

    7,450,914       40,199,857  

BFF Bank SpA(d)

    974,126       10,527,033  

BPER Banca

    5,965,892       21,518,148  

Brembo SpA

    963,431       11,866,397  

Brunello Cucinelli SpA

    196,625       19,492,787  

Buzzi SpA

    557,836       18,960,840  

Carel Industries SpA(d)

    172,280       4,171,926  

CIR SpA-Compagnie Industriali(a)

    3,626,738       1,665,752  

Credito Emiliano SpA

    567,764       5,161,205  

d’Amico International Shipping SA, NVS

    239,889       1,601,444  

Danieli & C Officine Meccaniche SpA

    112,681       3,829,804  

Datalogic SpA

    69,149       451,664  

De’ Longhi SpA

    428,306       13,872,461  

DiaSorin SpA

    140,354       12,906,809  

Digital Value SpA

    6,509       456,205  

El.En. SpA

    176,492       1,741,911  

Enav SpA(d)

    1,484,863       5,495,357  

Enel SpA

    46,247,581       315,564,623  

Eni SpA

    13,339,727       212,653,118  

ERG SpA

    366,084       10,734,497  

Ferrari NV

    712,784       248,574,265  

Fila SpA

    59,028       557,538  
Security   Shares     Value  

Italy (continued)

   

Fincantieri SpA(a)(b)

    1,548,424     $ 820,794  

FinecoBank Banca Fineco SpA

    3,447,254       49,703,751  

GVS SpA(a)(d)

    370,670       2,364,079  

Hera SpA

    4,468,790       15,741,879  

Industrie De Nora SpA(b)

    182,551       2,871,496  

Infrastrutture Wireless Italiane SpA(d)

    1,854,913       22,429,658  

Interpump Group SpA

    402,079       19,875,340  

Intesa Sanpaolo SpA

    87,439,454       269,426,622  

Iren SpA

    4,204,246       8,823,748  

Italgas SpA

    2,761,239       15,742,926  

Juventus Football Club SpA, NVS(a)(b)

    625,264       1,520,377  

Leonardo SpA

    2,233,520       38,983,996  

LU-VE SpA, NVS

    48,968       1,235,676  

Maire Tecnimont SpA(b)

    1,180,376       6,134,437  

MARR SpA

    250,349       3,041,788  

Mediobanca Banca di Credito Finanziario SpA

    3,223,044       42,685,996  

Moncler SpA

    1,144,034       70,377,222  

Nexi SpA(a)(d)

    3,282,502       25,178,307  

OVS SpA(d)

    1,040,606       2,478,730  

Pharmanutra SpA

    21,154       1,415,359  

Piaggio & C SpA

    1,561,071       5,189,406  

Pirelli & C SpA(d)

    1,954,842       10,594,118  

Poste Italiane SpA(d)

    2,937,303       31,851,078  

Prysmian SpA

    1,482,509       65,244,972  

RAI Way SpA(d)

    242,299       1,324,974  

Recordati Industria Chimica e Farmaceutica SpA

    575,984       31,791,014  

Reply SpA

    162,806       22,322,394  

Safilo Group SpA(a)

    1,254,877       1,501,187  

Saipem SpA(a)

    6,954,269       9,975,334  

Salcef Group SpA

    81,249       2,063,437  

Salvatore Ferragamo SpA(b)

    403,369       5,144,834  

Sanlorenzo SpA/Ameglia

    29,866       1,424,723  

Saras SpA

    3,485,046       5,900,643  

Seco SpA(a)(b)

    137,007       459,611  

Sesa SpA

    25,539       3,465,332  

Snam SpA

    11,377,757       55,568,324  

SOL SpA

    199,609       5,744,852  

Spaxs SpA(b)

    162,660       897,201  

Stellantis NV

    12,579,847       277,091,806  

Tamburi Investment Partners SpA

    358,604       3,501,618  

Technogym SpA(d)

    750,553       7,432,543  

Technoprobe SpA(a)

    695,991       6,918,337  

Telecom Italia SpA/Milano(a)(b)

    54,453,896       16,412,801  

Tenaris SA, NVS

    2,645,335       41,781,179  

Terna - Rete Elettrica Nazionale

    7,942,783       66,973,934  

Tinexta SpA(b)

    69,900       1,478,188  

Tod’s SpA(a)

    65,496       2,401,065  

UniCredit SpA

    9,210,790       269,802,986  

Unipol Gruppo SpA

    2,391,062       14,847,556  

Webuild SpA

    2,196,457       4,619,986  

Wiit SpA(b)

    27,871       555,690  

Zignago Vetro SpA

    66,864       976,844  
   

 

 

 
       2,804,268,878  
Japan — 24.6%            

77 Bank Ltd. (The)

    447,900       10,773,475  

Abalance Corp.(b)

    42,900       786,301  

ABC-Mart Inc.

    560,400       9,712,014  

Activia Properties Inc.

    3,510       9,559,013  

Adastria Co. Ltd.

    153,100       3,568,927  

ADEKA Corp.

    593,700       11,616,746  

Advance Logistics Investment Corp.

    3,584       3,114,432  

Advance Residence Investment Corp.

    7,448       16,401,645  

 

 

S C H E D U L E  O F  I N V E S T M E N T S

  17


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

   

Advantest Corp.

    4,361,600     $ 173,582,169  

Aeon Co. Ltd.

    3,698,900       88,393,262  

Aeon Delight Co. Ltd.

    101,000       2,587,113  

AEON Financial Service Co. Ltd.

    675,200       6,149,476  

Aeon Hokkaido Corp.

    155,300       1,005,999  

Aeon Mall Co. Ltd.

    564,800       6,991,116  

AEON REIT Investment Corp.

    10,371       9,772,401  

AGC Inc.

    1,138,000       42,798,179  

Ai Holdings Corp.

    186,100       3,124,068  

Aica Kogyo Co. Ltd.

    252,400       5,848,354  

Aichi Financial Group Inc., NVS

    234,600       4,141,494  

Aida Engineering Ltd.

    469,300       2,668,322  

Aiful Corp.

    2,150,800       5,392,381  

Ain Holdings Inc.

    151,100       4,930,917  

Air Water Inc.

    997,500       13,176,195  

Airtrip Corp.(b)

    76,600       942,815  

Aisin Corp.

    825,900       30,835,049  

Ajinomoto Co. Inc.

    2,532,200        103,984,583  

Alfresa Holdings Corp.

    949,100       15,564,233  

Alpen Co. Ltd.

    59,400       817,959  

Alps Alpine Co. Ltd.

    1,056,076       7,837,696  

Amada Co. Ltd.

    1,834,400       19,796,175  

Amano Corp.

    444,000       10,231,812  

Amvis Holdings Inc.

    224,400       4,134,129  

ANA Holdings Inc.(a)

    934,000       20,639,683  

Anicom Holdings Inc.

    464,500       1,844,591  

Anritsu Corp.

    784,400       6,211,379  

Anycolor Inc.(a)(b)

    117,100       2,970,953  

AOKI Holdings Inc.

    174,700       1,390,373  

Aozora Bank Ltd.(b)

    651,100       14,313,046  

Appier Group Inc.(a)(b)

    364,600       4,265,998  

Arata Corp.

    38,200       847,896  

ARCLANDS Corp.

    152,100       1,741,777  

Arcs Co. Ltd.

    183,600       3,653,140  

Argo Graphics Inc.

    17,300       507,639  

Ariake Japan Co. Ltd.

    94,700       3,036,618  

Artience Co. Ltd.

    165,100       3,089,297  

As One Corp.

    149,200       5,632,549  

Asahi Group Holdings Ltd.

    2,738,700       101,791,841  

Asahi Holdings Inc.

    469,200       6,533,427  

Asahi Intecc Co. Ltd.

    1,241,200       23,583,903  

Asahi Kasei Corp.

    7,005,200       53,124,220  

Asics Corp.

    926,200       28,143,623  

ASKUL Corp.

    233,300       3,153,435  

Astellas Pharma Inc.

    10,282,800       119,717,216  

Atom Corp.(a)(b)

    782,400       4,971,288  

Autobacs Seven Co. Ltd.

    563,500       6,125,865  

Avex Inc.

    184,700       1,771,753  

Awa Bank Ltd. (The)

    170,700       2,863,136  

Axial Retailing Inc.

    21,700       600,298  

Azbil Corp.

    651,400       21,049,784  

AZ-COM MARUWA Holdings Inc.

    197,200       2,030,715  

Bandai Namco Holdings Inc.

    3,401,500       73,651,108  

BayCurrent Consulting Inc.

    768,400       17,864,531  

Belc Co. Ltd.

    40,500       1,730,365  

Bell System24 Holdings Inc.

    105,500       1,286,031  

Belluna Co. Ltd.

    160,500       690,650  

Benefit One Inc.(b)

    487,300       6,953,680  

Benesse Holdings Inc.

    421,200       7,448,680  

Bengo4.com Inc.(a)(b)

    49,700       1,341,819  

Bic Camera Inc.

    658,800       6,141,002  

BIPROGY Inc.

    474,000       13,877,980  
Security   Shares     Value  

Japan (continued)

   

BML Inc.

    126,900     $ 2,452,548  

Bridgestone Corp.

    3,252,800       140,952,548  

Brother Industries Ltd.

    1,305,500       21,870,480  

Bunka Shutter Co. Ltd.

    69,900       696,289  

C Uyemura & Co. Ltd.

    56,500       4,287,488  

Calbee Inc.

    494,600       10,396,591  

Canon Electronics Inc.

    97,100       1,380,574  

Canon Inc.

    5,705,500       157,170,118  

Canon Marketing Japan Inc.

    230,500       7,012,992  

Capcom Co. Ltd.

    982,500       37,471,339  

Casio Computer Co. Ltd.

    1,050,100       9,054,284  

Cawachi Ltd.

    90,000       1,649,348  

Central Glass Co. Ltd.

    124,900       2,336,892  

Central Japan Railway Co.

    4,070,800        101,740,027  

Change Holdings Inc.(b)

    257,400       2,367,101  

Chiba Bank Ltd. (The)

    3,207,800       23,770,637  

Chiyoda Corp.(a)

    852,300       1,954,719  

Chofu Seisakusho Co. Ltd.

    28,000       400,543  

Chubu Electric Power Co. Inc.

    3,586,900       46,531,728  

Chudenko Corp.

    18,400       346,939  

Chugai Pharmaceutical Co. Ltd.

    3,820,700       137,431,414  

Chugin Financial Group Inc., NVS

    912,600       6,462,168  

Chugoku Electric Power Co. Inc. (The)

    1,562,800       11,111,976  

Chugoku Marine Paints Ltd.

    86,200       1,096,534  

Citizen Watch Co. Ltd.

    1,476,900       9,366,944  

CKD Corp.

    388,700       6,853,978  

Coca-Cola Bottlers Japan Holdings Inc.

    709,750       9,632,740  

COLOPL Inc.(b)

    473,700       2,023,379  

Colowide Co. Ltd.

    445,800       7,127,189  

Comforia Residential REIT Inc.

    5,144       10,780,944  

COMSYS Holdings Corp.

    623,400       13,649,397  

Comture Corp.

    102,700       1,269,958  

Concordia Financial Group Ltd.

    5,904,200       28,136,137  

Cosmo Energy Holdings Co. Ltd.

    413,100       17,157,327  

Cosmos Pharmaceutical Corp.

    113,800       12,223,727  

Cover Corp.(a)(b)

    138,500       2,663,206  

CRE Logistics REIT Inc.

    2,930       3,065,276  

Create Restaurants Holdings Inc.

    657,700       4,936,180  

Create SD Holdings Co. Ltd.

    145,400       3,164,096  

Credit Saison Co. Ltd.

    795,300       14,761,944  

Curves Holdings Co. Ltd.

    127,000       588,365  

CyberAgent Inc.

    2,499,200       16,129,406  

CYBERDYNE Inc.(a)(b)

    600,000       834,176  

Cybozu Inc.

    172,700       2,592,688  

Dai Nippon Printing Co. Ltd.

    1,232,100       35,656,904  

Daicel Corp.

    1,371,800       13,439,754  

Daido Steel Co. Ltd.

    707,000       7,367,197  

Daifuku Co. Ltd.

    1,731,100       34,137,282  

Daihen Corp.

    108,400       5,136,494  

Daiho Corp.

    36,000       945,598  

Dai-ichi Life Holdings Inc.

    5,289,600       116,015,537  

Daiichi Sankyo Co. Ltd.

    10,508,400       314,611,345  

Daiichikosho Co. Ltd.

    423,900       5,807,368  

Daiki Aluminium Industry Co. Ltd.

    109,500       927,408  

Daikin Industries Ltd.

    1,501,300       240,556,591  

Daikokutenbussan Co. Ltd.

    21,200       1,200,075  

Daio Paper Corp.

    497,000       3,743,521  

Daiseki Co. Ltd.

    234,820       6,714,176  

Daishi Hokuetsu Financial Group Inc.

    178,200       4,938,747  

Daito Trust Construction Co. Ltd.

    340,400       38,720,674  

Daiwa House Industry Co. Ltd.

    3,338,100       103,220,535  

Daiwa House REIT Investment Corp.

    12,934       22,853,092  

 

 

18  

2 0 2 4I S H A R E S  S E M I - A N N U A L  R E P O R T  T O  S H A R E H O L D E R S


Schedule of Investments (unaudited) (continued)

January 31, 2024

  

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

   

Daiwa Office Investment Corp.

    1,575     $ 6,714,243  

Daiwa Securities Group Inc.

    7,539,100       54,031,689  

Daiwa Securities Living Investments Corp.

    12,970       9,331,378  

Daiwabo Holdings Co. Ltd.

    511,900       11,131,108  

DCM Holdings Co. Ltd.

    677,600       6,312,138  

Demae-Can Co. Ltd.(a)(b)

    300,000       853,689  

DeNA Co. Ltd.

    544,200       5,494,514  

Denka Co. Ltd.

    472,100       8,232,583  

Denso Corp.

    10,809,600        169,797,732  

Dentsu Group Inc.

    1,124,700       29,850,963  

Dentsu Soken Inc.

    131,400       4,905,923  

Descente Ltd.

    195,400       4,513,161  

Dexerials Corp.

    304,800       8,783,870  

DIC Corp.

    503,900       9,510,244  

Digital Arts Inc.

    62,000       2,125,188  

Digital Garage Inc.

    190,800       4,600,063