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 Summary as 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  

2 0 2 4  I 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

Fund Summary as 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 Summary as 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.

 

 

6  

2 0 2 4  I 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

Fund Summary as 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 Summary as 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 4  I 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 4  I 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 4  I 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 4  I 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 4  I 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 4  I 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  

Dip Corp.

     203,000       3,466,876  

Disco Corp.

     528,000       142,474,981  

DMG Mori Co. Ltd.

     699,100       13,998,475  

Doshisha Co. Ltd.

     83,500       1,257,329  

Doutor Nichires Holdings Co. Ltd.

     185,500       2,738,921  

Dowa Holdings Co. Ltd.

     280,800       9,792,992  

DTS Corp.

     207,400       5,101,094  

Duskin Co. Ltd.

     242,600       5,632,788  

DyDo Group Holdings Inc.

     37,000       743,026  

Earth Corp.

     78,600       2,406,152  

East Japan Railway Co.

     1,700,700       97,267,491  

Ebara Corp.

     559,400       35,033,599  

EDION Corp.

     546,300       6,015,492  

eGuarantee Inc.

     164,900       2,149,253  

Eiken Chemical Co. Ltd.

     150,300       1,873,346  

Eisai Co. Ltd.

     1,434,100       67,529,802  

Eizo Corp.

     95,900       3,311,392  

Elan Corp.

     92,400       662,570  

Elecom Co. Ltd.

     228,600       2,658,626  

Electric Power Development Co. Ltd.

     791,400       13,293,557  

en Japan Inc.

     175,600       3,245,340  

ENEOS Holdings Inc.

     16,412,050       66,280,934  

Enplas Corp.(b)

     29,800       2,421,243  

eRex Co. Ltd.(b)

     163,600       909,888  

ES-Con Japan Ltd.(a)

     73,400       505,003  

Euglena Co. Ltd.(a)(b)

     653,800       3,063,848  

Exedy Corp.

     170,500       3,271,122  

EXEO Group Inc.

     553,100       12,352,989  

Ezaki Glico Co. Ltd.

     235,800       6,899,153  

Fancl Corp.

     482,600       7,621,038  

FANUC Corp.

     5,421,400       149,968,735  

Fast Retailing Co. Ltd.

     993,100       265,134,626  

FCC Co. Ltd.

     183,200       2,386,706  

Ferrotec Holdings Corp.

     271,200       5,230,463  

Financial Partners Group Co. Ltd.

     320,200       3,672,306  

Food & Life Companies Ltd.

     634,900       12,704,610  

FP Corp.

     252,800       4,897,674  

Freee KK(a)(b)

     235,100       4,425,568  

Frontier Real Estate Investment Corp.

     2,559       7,564,090  

Fuji Co. Ltd./Ehime

     201,900       2,721,513  

Fuji Corp./Aichi

     497,700       8,432,768  

Fuji Electric Co. Ltd.

     716,900       35,902,355  

Fuji Kyuko Co. Ltd.

     115,400       3,411,070  

Fuji Media Holdings Inc.

     219,800       2,603,913  

Fuji Oil Holdings Inc.

     238,200       3,815,707  

Fuji Seal International Inc.

     229,000       2,700,550  
Security   Shares     Value  

Japan (continued)

    

Fuji Soft Inc.

     283,400     $ 12,422,097  

Fujicco Co. Ltd.

     9,800       134,509  

FUJIFILM Holdings Corp.

     2,113,800       133,982,998  

Fujikura Ltd.

     1,322,200       10,869,158  

Fujimi Inc.

     329,700       6,607,127  

Fujimori Kogyo Co. Ltd.

     13,900       383,903  

Fujitec Co. Ltd.

     444,800       11,349,270  

Fujitsu General Ltd.

     441,300       6,465,990  

Fujitsu Ltd.

     993,800        137,556,077  

Fujiya Co. Ltd.

     73,900       1,241,298  

Fukui Computer Holdings Inc.

     20,500       361,836  

Fukuoka Financial Group Inc.

     917,580       22,551,614  

Fukuoka REIT Corp.

     5,503       6,509,170  

Fukushima Galilei Co. Ltd.

     7,800       271,667  

Fukuyama Transporting Co. Ltd.

     97,800       2,704,869  

Fullcast Holdings Co. Ltd.

     54,200       654,355  

Funai Soken Holdings Inc.

     169,100       2,944,300  

Furukawa Co. Ltd.

     180,500       2,365,966  

Furukawa Electric Co. Ltd.

     415,900       7,565,403  

Fuso Chemical Co. Ltd.

     82,100       2,311,934  

Future Corp.

     234,800       2,786,759  

Fuyo General Lease Co. Ltd.

     82,800       7,404,493  

G-7 Holdings Inc.

     67,800       577,993  

Genky DrugStores Co. Ltd.

     27,200       1,237,540  

Geo Holdings Corp.

     114,400       1,869,082  

Giken Ltd.

     68,400       1,003,252  

Global One Real Estate Investment Corp.

     7,344       5,471,298  

GLOBERIDE Inc.

     73,500       1,034,483  

Glory Ltd.

     228,300       4,717,009  

GLP J-REIT

     27,426       24,486,851  

GMO Financial Gate Inc.(b)

     21,300       1,466,016  

GMO Financial Holdings Inc.

     110,300       563,690  

GMO internet group Inc.

     478,100       8,616,495  

GMO Payment Gateway Inc.

     243,700       14,704,437  

GNI Group Ltd.(a)

     291,600       5,226,459  

Goldcrest Co. Ltd.

     69,500       1,108,398  

Goldwin Inc.

     129,300       8,697,915  

Gree Inc.

     507,000       2,016,932  

GS Yuasa Corp.

     450,000       6,490,243  

GungHo Online Entertainment Inc.(a)

     244,730       4,114,494  

Gunma Bank Ltd. (The)

     2,376,200       11,717,522  

Gunze Ltd.

     80,700       2,949,671  

H.U. Group Holdings Inc.

     285,600       5,309,267  

H2O Retailing Corp.

     588,100       6,296,380  

Hachijuni Bank Ltd. (The)

     2,352,300       12,819,818  

Hakuhodo DY Holdings Inc.

     1,284,500       9,866,529  

Hakuto Co. Ltd.

     58,900       2,438,402  

Hamamatsu Photonics KK

     804,500       31,781,696  

Hankyu Hanshin Holdings Inc.

     1,278,100       39,104,136  

Hankyu Hanshin REIT Inc.(b)

     4,756       4,709,298  

Hanwa Co. Ltd.

     170,300       6,228,974  

Harmonic Drive Systems Inc.

     297,800       7,216,778  

Haseko Corp.

     1,339,200       17,414,803  

Hazama Ando Corp.

     1,139,600       9,203,056  

Heiwa Corp.

     433,800       6,445,333  

Heiwa Real Estate Co. Ltd.

     172,200       4,552,683  

Heiwa Real Estate REIT Inc.

     6,340       5,892,012  

Heiwado Co. Ltd.

     176,500       2,635,894  

Hiday Hidaka Corp.

     56,400       1,136,838  

Hikari Tsushin Inc.

     112,100       19,533,403  

Hino Motors Ltd.(a)

     1,582,900       5,389,131  

Hioki E.E. Corp.

     44,400       1,970,290  

 

 

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

   19

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)

    

Hirata Corp.

     47,800     $ 2,186,646  

Hirogin Holdings Inc.

     1,684,600       11,304,169  

Hirose Electric Co. Ltd.

     166,645       19,389,609  

HIS Co. Ltd.(a)

     279,600       3,396,698  

Hisamitsu Pharmaceutical Co. Inc.

     268,000       7,638,613  

Hitachi Construction Machinery Co. Ltd.

     590,100       16,742,555  

Hitachi Ltd.

     5,308,800       417,008,091  

Hitachi Zosen Corp.

     1,052,800       6,496,097  

Hogy Medical Co. Ltd.

     144,900       3,493,232  

Hokkaido Electric Power Co. Inc.

     1,024,500       4,570,871  

Hokkoku Financial Holdings Inc.

     112,200       3,338,318  

Hokuetsu Corp.(b)

     860,000       8,130,790  

Hokuhoku Financial Group Inc.

     784,200       8,307,856  

Hokuriku Electric Power Co.(a)

     913,500       4,466,786  

Hokuto Corp.

     125,000       1,524,840  

Honda Motor Co. Ltd.

     26,203,400        292,903,174  

Horiba Ltd.

     201,500       16,167,162  

Hoshino Resorts REIT Inc.

     1,364       4,760,367  

Hoshizaki Corp.

     617,200       22,454,571  

Hosiden Corp.

     391,900       4,810,807  

House Foods Group Inc.

     428,400       9,429,709  

Hoya Corp.

     2,015,700       256,052,496  

Hulic Co. Ltd.

     2,159,400       23,844,837  

Hulic REIT Inc.

     7,986       8,409,789  

Hyakugo Bank Ltd. (The)

     1,380,400       5,353,668  

Ibiden Co. Ltd.

     645,800       32,496,614  

Ichibanya Co. Ltd.

     89,100       3,927,171  

Ichigo Inc.

     1,784,200       4,756,287  

Ichigo Office REIT Investment Corp.

     8,835       4,964,657  

Idec Corp./Japan

     148,600       2,973,710  

Idemitsu Kosan Co. Ltd.

     5,784,140       32,119,210  

IDOM Inc.

     282,900       1,689,760  

IHI Corp.

     791,900       15,146,189  

Iida Group Holdings Co. Ltd.

     842,400       12,717,661  

Iino Kaiun Kaisha Ltd.

     717,300       6,264,378  

Inaba Denki Sangyo Co. Ltd.

     226,200       5,404,777  

Inabata & Co. Ltd.

     225,100       4,898,054  

Inageya Co. Ltd.

     119,000       1,022,636  

Industrial & Infrastructure Fund Investment Corp.

     11,921       10,787,820  

Infocom Corp.

     106,100       1,761,625  

Infomart Corp.

     1,221,800       3,279,166  

INFRONEER Holdings Inc.

     1,505,156       15,734,101  

Inpex Corp.

     5,640,300       76,665,527  

Insource Co. Ltd.

     260,800       1,474,214  

Internet Initiative Japan Inc.

     593,500       11,508,804  

Invincible Investment Corp.

     38,125       15,673,219  

Iriso Electronics Co. Ltd.

     107,200       2,506,902  

Isetan Mitsukoshi Holdings Ltd.

     1,891,800       22,119,505  

Isuzu Motors Ltd.

     3,300,100       45,029,670  

Ito En Ltd.

     294,800       8,557,911  

ITOCHU Corp.

     6,753,600       306,506,068  

Itochu Enex Co. Ltd.

     245,500       2,629,317  

Itoham Yonekyu Holdings Inc.

     175,480       4,916,864  

Iwatani Corp.

     230,500       10,300,235  

Iyogin Holdings Inc., NVS

     1,708,400       11,620,416  

Izumi Co. Ltd.

     152,900       3,599,385  

J Front Retailing Co. Ltd.

     1,341,900       12,427,785  

J Trust Co. Ltd.(b)

     411,300       1,330,918  

JAC Recruitment Co. Ltd.

     234,000       1,069,095  

Jaccs Co. Ltd.

     127,000       4,864,975  

JAFCO Group Co. Ltd.

     315,000       3,736,118  

Japan Airlines Co. Ltd.

     837,400       16,091,282  
Security   Shares     Value  

Japan (continued)

    

Japan Airport Terminal Co. Ltd.

     333,400     $ 13,240,286  

Japan Aviation Electronics Industry Ltd.

     232,400       3,995,558  

Japan Display Inc.(a)(b)

     4,861,500       656,495  

Japan Elevator Service Holdings Co. Ltd.

     362,000       5,470,359  

Japan Excellent Inc.

     7,716       6,379,524  

Japan Exchange Group Inc.

     2,818,900       62,387,052  

Japan Hotel REIT Investment Corp.

     26,307       13,519,125  

Japan Lifeline Co. Ltd.

     440,200       3,927,981  

Japan Logistics Fund Inc.

     5,960       11,020,169  

Japan Material Co. Ltd.

     338,000       5,711,454  

Japan Metropolitan Fund Invest

     40,312       27,365,522  

Japan Petroleum Exploration Co. Ltd.

     189,900       7,724,727  

Japan Post Bank Co. Ltd.

     8,202,800       85,307,858  

Japan Post Holdings Co. Ltd.

     12,138,200       116,195,122  

Japan Post Insurance Co. Ltd.

     1,116,500       20,902,979  

Japan Prime Realty Investment Corp.

     5,143       12,313,963  

Japan Real Estate Investment Corp.

     7,288       27,938,843  

Japan Securities Finance Co. Ltd.

     846,400       8,970,011  

Japan Steel Works Ltd. (The)

     413,200       6,800,440  

Japan Tobacco Inc.

     6,847,700        180,487,459  

Japan Wool Textile Co. Ltd. (The)

     72,800       734,326  

JCR Pharmaceuticals Co. Ltd.

     412,800       3,041,600  

JCU Corp.

     92,300       2,329,329  

JDC Corp.

     39,200       145,391  

Jeol Ltd.

     252,900       11,561,037  

JFE Holdings Inc.

     3,133,000       49,466,366  

JGC Holdings Corp.

     1,230,300       14,411,071  

JINS Holdings Inc.

     70,700       1,993,351  

JMDC Inc.

     178,300       4,718,254  

J-Oil Mills Inc.

     71,200       986,880  

Joshin Denki Co. Ltd.

     24,300       405,537  

Joyful Honda Co. Ltd.

     239,100       3,171,180  

JSR Corp.

     1,024,400       27,940,161  

JTEKT Corp.

     1,171,400       10,718,121  

JTOWER Inc.(a)(b)

     61,100       1,882,307  

Juroku Financial Group Inc.

     146,000       4,093,322  

Justsystems Corp.

     193,100       4,034,613  

JVCKenwood Corp.

     770,100       3,745,085  

Kadokawa Corp.

     573,900       12,142,237  

Kaga Electronics Co. Ltd.

     67,300       3,115,317  

Kagome Co. Ltd.

     533,900       13,144,670  

Kajima Corp.

     2,326,300       41,517,142  

Kakaku.com Inc.

     780,900       8,882,973  

Kaken Pharmaceutical Co. Ltd.

     172,200       4,066,797  

Kameda Seika Co. Ltd.

     25,800       732,734  

Kamigumi Co. Ltd.

     609,300       14,017,418  

Kanamoto Co. Ltd.

     147,400       2,815,482  

Kandenko Co. Ltd.

     675,300       6,944,811  

Kaneka Corp.

     236,500       5,751,071  

Kanematsu Corp.

     565,300       8,764,586  

Kansai Electric Power Co. Inc. (The)

     3,965,700       54,100,621  

Kansai Paint Co. Ltd.

     1,019,600       17,047,522  

Kanto Denka Kogyo Co. Ltd.

     481,900       2,884,159  

Kao Corp.

     2,640,900       104,493,974  

Kappa Create Co. Ltd.(a)(b)

     135,800       1,624,309  

Kasumigaseki Capital Co. Ltd.(b)

     31,300       2,652,627  

Katakura Industries Co. Ltd.

     39,600       456,100  

Katitas Co. Ltd.

     263,700       3,278,473  

Kato Sangyo Co. Ltd.

     109,100       3,557,481  

Kawasaki Heavy Industries Ltd.

     836,700       18,942,781  

Kawasaki Kisen Kaisha Ltd.

     783,200       38,160,466  

KDDI Corp.

     8,486,200       281,190,541  

 

 

20  

2 0 2 4  I 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)            

KDX Realty Investment Corp.

     26,524     $ 28,771,688  

KeePer Technical Laboratory Co. Ltd.(b)

     78,900       3,481,944  

Keihan Holdings Co. Ltd.

     569,100        13,879,842  

Keihanshin Building Co. Ltd.

     92,600       935,737  

Keikyu Corp.

     1,209,400       10,563,405  

Keio Corp.(b)

     577,800       16,906,609  

Keisei Electric Railway Co. Ltd.

     736,200       33,312,950  

Keiyo Bank Ltd. (The)

     601,600       2,944,984  

Kewpie Corp.

     567,200       10,094,119  

Keyence Corp.

     1,105,500       494,598,353  

KFC Holdings Japan Ltd.

     66,100       1,516,463  

KH Neochem Co. Ltd.

     168,300       2,622,730  

Kikkoman Corp.

     805,600       49,567,135  

Kinden Corp.

     787,500       13,123,328  

Kintetsu Group Holdings Co. Ltd.

     1,021,500       31,520,891  

Kirin Holdings Co. Ltd.

     4,483,500       64,445,633  

Kisoji Co. Ltd.

     150,200       2,723,948  

Kissei Pharmaceutical Co. Ltd.

     160,600       3,429,285  

Ki-Star Real Estate Co. Ltd.

     46,800       1,105,287  

Kitz Corp.

     537,400       4,393,737  

Kiyo Bank Ltd. (The)

     441,200       4,972,698  

Koa Corp.(b)

     168,300       1,722,077  

Kobayashi Pharmaceutical Co. Ltd.

     293,400       13,241,300  

Kobe Bussan Co. Ltd.

     862,000       22,026,428  

Kobe Steel Ltd.

     2,014,300       27,813,216  

Koei Tecmo Holdings Co. Ltd.

     811,832       10,112,308  

Kohnan Shoji Co. Ltd.

     154,100       4,093,602  

Koito Manufacturing Co. Ltd.

     1,210,800       18,536,488  

Kokuyo Co. Ltd.

     596,600       9,607,942  

Komatsu Ltd.

     5,241,000       149,106,192  

KOMEDA Holdings Co. Ltd.

     231,900       4,444,888  

Komeri Co. Ltd.

     147,700       3,309,456  

Konami Group Corp.

     569,300       35,010,920  

Konica Minolta Inc.(a)

     2,489,800       6,832,534  

Konishi Co. Ltd.

     193,000       1,848,292  

Kose Corp.

     200,200       13,097,614  

Koshidaka Holdings Co. Ltd.

     273,000       1,739,167  

Kotobuki Spirits Co. Ltd.

     566,200       7,618,011  

K’s Holdings Corp.

     904,300       8,218,438  

Kubota Corp.

     5,733,000       86,783,082  

Kumagai Gumi Co. Ltd.

     163,400       4,252,654  

Kumiai Chemical Industry Co. Ltd.

     564,727       3,238,318  

Kura Sushi Inc.

     106,900       2,864,530  

Kuraray Co. Ltd.

     1,695,200       17,785,639  

Kureha Corp.

     268,200       5,133,941  

Kurita Water Industries Ltd.

     598,700       21,865,122  

Kusuri no Aoki Holdings Co. Ltd.

     256,400       5,535,610  

KYB Corp.

     99,200       3,439,613  

Kyocera Corp.

     7,270,100       106,434,773  

Kyoei Steel Ltd.

     98,600       1,417,249  

Kyokuto Kaihatsu Kogyo Co. Ltd.

     131,000       1,793,069  

Kyorin Pharmaceutical Co. Ltd.

     437,300       5,283,331  

Kyoritsu Maintenance Co. Ltd.

     168,100       6,907,435  

Kyoto Financial Group Inc.

     1,190,600       19,787,129  

Kyowa Kirin Co. Ltd.

     1,532,800       24,144,612  

Kyudenko Corp.

     205,800       7,828,227  

Kyushu Electric Power Co. Inc.(a)

     2,171,700       16,264,113  

Kyushu Financial Group Inc.

     2,115,300       13,460,917  

Kyushu Railway Co.

     738,600       16,234,423  

LaSalle Logiport REIT

     10,772       10,908,259  

Lasertec Corp.

     432,500       112,635,540  

Lawson Inc.

     244,400       13,988,991  
Security   Shares     Value  

Japan (continued)

    

Leopalace21 Corp.(a)

     1,026,500     $ 2,871,359  

Life Corp.

     116,500       2,958,475  

LIFENET INSURANCE Co.(a)(b)

     297,700       2,523,946  

Link And Motivation Inc.

     276,200       1,036,155  

Lintec Corp.

     210,000       3,977,147  

Lion Corp.

     1,322,300        11,787,136  

LITALICO Inc.

     108,900       1,586,717  

Lixil Corp.

     1,583,600       21,161,599  

LY Corp.

     15,198,300       47,282,402  

M&A Capital Partners Co. Ltd.

     79,200       1,219,769  

M&A Research Institute Holdings Inc., NVS(a)(b)

     134,400       4,783,511  

M3 Inc.

     2,547,000       40,191,653  

Mabuchi Motor Co. Ltd.

     509,300       8,827,347  

Macnica Holdings Inc.

     259,800       13,747,543  

Maeda Kosen Co. Ltd.

     37,600       819,668  

Makino Milling Machine Co. Ltd.

     123,300       4,994,238  

Makita Corp.

     1,274,300       34,297,772  

Management Solutions Co. Ltd.

     63,100       1,277,053  

Mandom Corp.

     211,900       1,844,664  

Mani Inc.

     483,300       6,714,113  

Marubeni Corp.

     8,126,500       138,610,972  

Maruha Nichiro Corp.

     224,300       4,438,028  

Marui Group Co. Ltd.

     977,600       16,164,775  

Maruichi Steel Tube Ltd.

     302,100       7,697,370  

MARUKA FURUSATO Corp.

     99,700       1,655,566  

Maruwa Co. Ltd./Aichi(b)

     50,600       10,124,342  

Matsuda Sangyo Co. Ltd.

     45,300       843,085  

Matsui Securities Co. Ltd.

     807,600       4,537,117  

MatsukiyoCocokara & Co.

     1,947,250       35,394,718  

Max Co. Ltd.

     38,800       862,333  

Maxell Ltd.

     435,500       4,789,872  

Maxvalu Tokai Co. Ltd.

     2,500       55,123  

Mazda Motor Corp.

     3,216,600       38,996,273  

McDonald’s Holdings Co. Japan Ltd.(b)

     535,900       23,860,665  

MCJ Co. Ltd.

     252,700       2,118,991  

Mebuki Financial Group Inc.

     5,794,510       17,344,105  

Medipal Holdings Corp.

     992,300       15,838,080  

Medley Inc.(a)(b)

     140,500       4,405,228  

Megachips Corp.

     81,300       2,625,055  

Megmilk Snow Brand Co. Ltd.

     240,600       3,773,401  

Meidensha Corp.

     173,900       3,117,215  

MEIJI Holdings Co. Ltd.

     1,304,300       31,543,985  

Meiko Electronics Co. Ltd.

     110,400       3,007,046  

MEITEC Group Holdings Inc.

     432,600       8,558,269  

Melco Holdings Inc.

     45,900       1,021,396  

Menicon Co. Ltd.

     346,400       5,030,436  

Mercari Inc.(a)

     658,700       10,890,844  

METAWATER Co. Ltd.

     68,900       1,004,111  

Micronics Japan Co. Ltd.

     182,000       5,404,181  

Milbon Co. Ltd.

     144,400       3,450,815  

Mimasu Semiconductor Industry Co. Ltd.

     34,200       737,093  

MINEBEA MITSUMI Inc.

     2,131,159       44,051,496  

Mirai Corp.

     8,207       2,509,501  

MIRAIT ONE corp.

     586,500       7,748,803  

MISUMI Group Inc.

     1,640,100       28,119,339  

Mitani Sekisan Co. Ltd.

     15,000       515,381  

Mitsubishi Chemical Group Corp.

     7,089,700       42,749,047  

Mitsubishi Corp.

     19,560,300       337,120,640  

Mitsubishi Electric Corp.

     10,980,400       162,952,418  

Mitsubishi Estate Co. Ltd.

     6,340,900       87,858,963  

Mitsubishi Estate Logistics REIT Investment Corp.

     2,788       6,985,083  

 

 

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

   21

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)            

Mitsubishi Gas Chemical Co. Inc.

     845,600     $ 13,809,388  

Mitsubishi HC Capital Inc.

     5,135,970       36,416,307  

Mitsubishi Heavy Industries Ltd.

     1,819,400        121,360,294  

Mitsubishi Logisnext Co. Ltd.

     100,500       1,040,881  

Mitsubishi Logistics Corp.

     427,500       13,205,103  

Mitsubishi Materials Corp.

     670,100       12,267,849  

Mitsubishi Motors Corp.

     3,810,000       12,005,561  

Mitsubishi Pencil Co. Ltd.

     169,700       2,307,593  

Mitsubishi Research Institute Inc.

     24,200       811,177  

Mitsubishi Shokuhin Co. Ltd.

     68,600       2,332,132  

Mitsubishi UFJ Financial Group Inc.

     64,793,600       606,892,259  

Mitsuboshi Belting Ltd.

     133,600       4,456,595  

Mitsui & Co. Ltd.

     7,401,000       300,164,024  

Mitsui Chemicals Inc.

     1,012,400       29,795,197  

Mitsui DM Sugar Holdings Co. Ltd.

     108,800       2,499,991  

Mitsui Fudosan Co. Ltd.

     5,070,700       127,293,668  

Mitsui Fudosan Logistics Park Inc.

     3,083       9,242,618  

Mitsui High-Tec Inc.

     122,400       5,649,560  

Mitsui Mining & Smelting Co. Ltd.

     298,200       9,218,937  

Mitsui OSK Lines Ltd.

     1,935,200       69,513,284  

Mitsui-Soko Holdings Co. Ltd.

     112,800       3,767,602  

Miura Co. Ltd.

     517,900       9,463,892  

Mixi Inc.

     199,300       3,418,583  

Mizuho Financial Group Inc.

     13,620,570       247,370,794  

Mizuho Leasing Co. Ltd.

     139,300       5,048,338  

Mochida Pharmaceutical Co. Ltd.

     134,900       3,049,917  

Modec Inc.(a)

     131,000       2,045,763  

Monex Group Inc.

     998,300       5,195,395  

Money Forward Inc.(a)

     252,900       9,871,193  

Monogatari Corp. (The)

     168,400       5,937,856  

MonotaRO Co. Ltd.

     1,475,200       13,893,751  

Mori Hills REIT Investment Corp.

     9,031       8,404,776  

Mori Trust REIT Inc.

     12,898       6,549,945  

Morinaga & Co. Ltd./Japan

     389,700       7,437,755  

Morinaga Milk Industry Co. Ltd.

     377,200       7,724,491  

Morita Holdings Corp.

     90,400       976,246  

MOS Food Services Inc.

     144,000       3,349,172  

MS&AD Insurance Group Holdings Inc.

     2,404,100       99,276,672  

Murata Manufacturing Co. Ltd.

     9,791,100       197,703,082  

Musashi Seimitsu Industry Co. Ltd.

     246,400       2,796,725  

Musashino Bank Ltd. (The)

     128,700       2,424,671  

Nabtesco Corp.

     607,800       11,682,470  

Nachi-Fujikoshi Corp.

     86,300       2,012,591  

Nafco Co. Ltd.

     59,700       904,807  

Nagaileben Co. Ltd.(b)

     62,000       983,789  

Nagase & Co. Ltd.

     634,500       10,374,501  

Nagawa Co. Ltd.(b)

     27,100       1,308,935  

Nagoya Railroad Co. Ltd.

     1,012,800       15,615,261  

Nakanishi Inc.

     445,500       7,290,986  

Nankai Electric Railway Co. Ltd.

     574,000       11,192,981  

Nanto Bank Ltd. (The)

     137,100       2,479,884  

NEC Corp.

     1,389,100       90,770,329  

NEC Networks & System Integration Corp.

     568,300       9,177,603  

NET One Systems Co. Ltd.

     493,400       8,022,239  

Nexon Co. Ltd.

     1,955,600       31,209,471  

Nextage Co. Ltd.(b)

     259,400       3,908,297  

NGK Insulators Ltd.

     1,298,500       16,221,814  

NH Foods Ltd.

     466,400       15,972,418  

NHK Spring Co. Ltd.

     1,227,500       10,133,832  

Nichias Corp.

     418,800       9,789,224  

Nichicon Corp.

     427,400       3,735,404  

Nichiden Corp.

     67,700       1,262,561  
Security   Shares     Value  
Japan (continued)            

Nichiha Corp.

     127,000     $ 2,551,347  

Nichirei Corp.

     585,800       14,148,641  

Nidec Corp.

     2,383,400       88,893,233  

Nifco Inc./Japan

     505,300        13,112,916  

Nihon Kohden Corp.

     496,300       15,125,683  

Nihon M&A Center Holdings Inc.

     1,772,800       10,656,088  

Nihon Parkerizing Co. Ltd.

     650,900       5,170,052  

Nikkiso Co. Ltd.

     263,200       1,932,221  

Nikkon Holdings Co. Ltd.

     237,900       5,110,719  

Nikon Corp.

     1,671,200       17,055,487  

Nintendo Co. Ltd.

     5,905,700       329,956,707  

Nippn Corp., New

     270,800       4,157,331  

Nippon Accommodations Fund Inc.

     2,635       10,969,850  

Nippon Building Fund Inc.

     8,843       35,779,741  

Nippon Carbon Co. Ltd.

     19,000       577,332  

Nippon Ceramic Co. Ltd.

     99,100       1,794,641  

Nippon Densetsu Kogyo Co. Ltd.

     95,800       1,328,829  

Nippon Electric Glass Co. Ltd.

     490,400       10,901,056  

Nippon Express Holdings Inc.

     443,900       26,421,515  

Nippon Gas Co. Ltd.

     607,100       9,404,374  

Nippon Kanzai Holdings Co. Ltd.

     34,500       615,988  

Nippon Kayaku Co. Ltd.

     847,100       7,562,319  

Nippon Light Metal Holdings Co. Ltd.

     411,360       5,068,722  

Nippon Paint Holdings Co. Ltd.

     5,455,400       42,968,495  

Nippon Paper Industries Co. Ltd.(a)

     534,700       4,956,239  

Nippon Parking Development Co. Ltd.

     1,060,600       1,320,439  

Nippon Pillar Packing Co. Ltd.

     99,100       3,258,537  

Nippon Prologis REIT Inc.

     13,088       23,286,190  

NIPPON REIT Investment Corp.

     2,514       5,821,293  

Nippon Road Co. Ltd. (The)

     136,500       1,967,827  

Nippon Sanso Holdings Corp.

     966,700       24,495,504  

Nippon Seiki Co. Ltd.

     116,100       1,076,138  

Nippon Shinyaku Co. Ltd.

     298,900       10,559,528  

Nippon Shokubai Co. Ltd.

     131,800       4,958,328  

Nippon Signal Co. Ltd.

     272,300       1,737,351  

Nippon Soda Co. Ltd.

     122,000       4,709,415  

Nippon Steel Corp.

     4,816,108       115,897,989  

Nippon Telegraph & Telephone Corp.

     169,546,000       212,908,092  

Nippon Television Holdings Inc.

     205,700       2,399,837  

Nippon Yusen KK

     2,734,300       94,226,327  

Nipro Corp.

     827,800       6,666,385  

Nishimatsu Construction Co. Ltd.

     173,000       4,755,597  

Nishimatsuya Chain Co. Ltd.

     390,300       5,636,975  

Nishi-Nippon Financial Holdings Inc.

     870,000       10,017,293  

Nishi-Nippon Railroad Co. Ltd.

     446,900       7,428,365  

Nishio Holdings Co. Ltd.(b)

     31,100       851,886  

Nissan Chemical Corp.

     719,700       28,703,656  

Nissan Motor Co. Ltd.

     13,037,400       51,182,550  

Nissan Shatai Co. Ltd.

     241,100       1,590,837  

Nissha Co. Ltd.

     224,400       2,489,325  

Nisshin Oillio Group Ltd. (The)

     141,900       4,334,709  

Nisshin Seifun Group Inc.

     1,137,400       15,865,803  

Nisshinbo Holdings Inc.

     766,700       6,327,871  

Nissin Foods Holdings Co. Ltd.

     1,119,000       36,201,189  

Nissui Corp.

     1,867,700       10,205,006  

Niterra Co. Ltd.

     885,800       23,853,358  

Nitori Holdings Co. Ltd.

     458,100       59,956,911  

Nitta Corp.

     100,500       2,600,769  

Nittetsu Mining Co. Ltd.

     32,100       1,144,079  

Nitto Boseki Co. Ltd.

     129,600       4,425,522  

Nitto Denko Corp.

     830,800       68,921,374  

Nitto Kogyo Corp.

     128,600       3,499,557  

 

 

22  

2 0 2 4  I 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)            

Noevir Holdings Co. Ltd.

     88,700     $ 3,153,349  

NOF Corp.

     453,700       20,490,782  

Nohmi Bosai Ltd.

     25,000       377,576  

Nojima Corp.

     292,800       3,690,176  

NOK Corp.

     563,000       7,457,202  

Nomura Co. Ltd.

     572,500       3,383,773  

Nomura Holdings Inc.

     16,811,800        90,550,802  

Nomura Real Estate Holdings Inc.

     643,200       17,601,620  

Nomura Real Estate Master Fund Inc.

     23,625       25,852,016  

Nomura Research Institute Ltd.

     2,191,140       67,012,776  

Noritake Co. Ltd./Nagoya Japan

     62,100       3,303,552  

Noritsu Koki Co. Ltd.

     76,300       1,723,580  

Noritz Corp.

     120,300       1,267,233  

North Pacific Bank Ltd.

     2,368,600       6,040,118  

NS Solutions Corp.

     174,000       5,803,405  

NS United Kaiun Kaisha Ltd.

     52,700       1,853,443  

NSD Co. Ltd.

     550,000       10,321,269  

NSK Ltd.

     2,076,000       11,317,563  

NTN Corp.

     2,473,300       4,523,071  

NTT Data Group Corp.

     3,574,700       51,488,638  

NTT UD REIT Investment Corp.

     9,104       7,730,809  

Obara Group Inc.

     63,400       1,724,647  

Obayashi Corp.

     3,584,500       33,180,060  

OBIC Business Consultants Co. Ltd.

     163,800       7,921,410  

Obic Co. Ltd.

     403,100       61,920,006  

Odakyu Electric Railway Co. Ltd.

     1,748,200       26,713,355  

Ogaki Kyoritsu Bank Ltd. (The)

     186,500       2,496,857  

Ohsho Food Service Corp.

     72,600       4,013,902  

Oiles Corp.

     104,200       1,507,349  

Oisix ra daichi Inc.(a)(b)

     154,700       1,463,281  

Oji Holdings Corp.

     4,709,000       18,411,395  

Okamoto Industries Inc.

     43,900       1,487,508  

Okamura Corp.

     474,100       7,105,410  

Okasan Securities Group Inc.

     1,234,600       6,042,417  

Oki Electric Industry Co. Ltd.

     580,000       4,075,236  

Okinawa Cellular Telephone Co.

     115,000       2,802,268  

Okinawa Electric Power Co. Inc. (The)

     210,616       1,669,151  

Okinawa Financial Group Inc.

     71,200       1,223,625  

OKUMA Corp.

     127,600       5,741,248  

Okumura Corp.

     168,600       5,895,836  

Olympus Corp.

     7,027,900       104,038,657  

Omron Corp.

     998,600       44,902,301  

One REIT Inc.

     711       1,307,519  

Ono Pharmaceutical Co. Ltd.

     2,205,900       39,759,421  

Open House Group Co. Ltd.

     438,400       13,709,694  

Open Up Group Inc.

     305,800       4,736,702  

Optex Group Co. Ltd.

     122,700       1,523,818  

Optorun Co. Ltd.

     155,900       1,801,433  

Oracle Corp. Japan

     213,500       16,825,750  

Organo Corp.

     138,100       5,703,960  

Orient Corp.

     541,010       4,082,441  

Oriental Land Co. Ltd./Japan

     6,192,200       229,978,742  

ORIX Corp.

     6,572,200       126,904,354  

Orix JREIT Inc.

     14,774       17,089,223  

Osaka Gas Co. Ltd.

     2,109,100       44,411,006  

Osaka Organic Chemical Industry Ltd.

     74,300       1,477,897  

Osaka Soda Co. Ltd.

     76,800       5,391,395  

OSAKA Titanium Technologies Co. Ltd.(b)

     173,800       3,287,657  

OSG Corp.

     524,700       7,140,282  

Otsuka Corp.

     687,400       28,924,255  

Otsuka Holdings Co. Ltd.

     2,331,900       91,663,071  

Outsourcing Inc.(a)

     675,200       7,883,240  
Security   Shares     Value  
Japan (continued)            

PAL GROUP Holdings Co. Ltd.

     262,100     $ 4,191,572  

PALTAC Corp.

     160,500       4,886,491  

Pan Pacific International Holdings Corp.

     2,159,400       46,678,633  

Panasonic Holdings Corp.

     12,514,300        117,869,398  

Paramount Bed Holdings Co. Ltd.

     217,400       3,926,485  

Park24 Co. Ltd.(a)

     727,500       9,506,081  

Pasona Group Inc.

     95,000       1,732,428  

Penta-Ocean Construction Co. Ltd.

     1,619,600       8,677,767  

PeptiDream Inc.(a)(b)

     566,100       4,961,014  

Persol Holdings Co. Ltd.

     10,314,900       16,397,712  

Pharma Foods International Co. Ltd.(b)

     130,000       884,950  

PHC Holdings Corp.

     131,700       1,362,756  

Pigeon Corp.

     703,500       7,688,337  

Pilot Corp.

     147,400       4,116,265  

Piolax Inc.

     138,200       2,340,818  

PKSHA Technology Inc.(a)

     172,600       4,515,668  

Plus Alpha Consulting Co. Ltd.

     112,800       1,965,932  

Pola Orbis Holdings Inc.

     526,300       5,444,572  

Pressance Corp.

     78,100       883,379  

Prestige International Inc.

     360,900       1,481,914  

Prima Meat Packers Ltd.

     148,700       2,432,974  

Raito Kogyo Co. Ltd.

     206,800       2,890,875  

Raiznext Corp.

     161,100       1,714,317  

Raksul Inc.(a)

     285,100       2,212,404  

Rakus Co. Ltd.

     537,700       8,837,698  

Rakuten Bank Ltd., NVS(a)

     161,200       2,512,937  

Rakuten Group Inc.(a)(b)

     8,497,300       37,326,581  

Recruit Holdings Co. Ltd.

     8,198,200       323,818,367  

Relo Group Inc.

     594,500       5,967,431  

Renesas Electronics Corp.(a)

     8,373,600       137,390,484  

Rengo Co. Ltd.

     1,049,500       6,806,069  

RENOVA Inc.(a)(b)

     233,800       2,008,703  

Resona Holdings Inc.

     11,997,638       66,230,068  

Resonac Holdings Corp.

     968,400       19,311,334  

Resorttrust Inc.

     552,400       9,602,688  

Retail Partners Co. Ltd.

     40,800       482,946  

Ricoh Co. Ltd.

     3,032,400       23,834,646  

Ricoh Leasing Co. Ltd.

     65,300       2,241,544  

Riken Keiki Co. Ltd.

     52,700       2,603,730  

Ringer Hut Co. Ltd.(b)

     164,900       2,726,096  

Rinnai Corp.

     626,000       14,182,545  

Riso Kagaku Corp.

     68,000       1,374,222  

Riso Kyoiku Co. Ltd.

     511,200       843,590  

Rohm Co. Ltd.

     2,004,100       34,589,233  

Rohto Pharmaceutical Co. Ltd.

     1,147,000       23,469,485  

Roland Corp.

     69,400       2,305,734  

Rorze Corp.

     63,000       6,997,253  

Round One Corp.

     1,378,600       6,105,864  

Royal Holdings Co. Ltd.

     169,800       2,988,359  

RS Technologies Co. Ltd.

     71,300       1,384,127  

Ryohin Keikaku Co. Ltd.

     1,439,400       22,381,441  

Ryosan Co. Ltd.

     89,700       2,955,581  

Ryoyo Electro Corp.

     144,100       3,677,280  

S Foods Inc.

     48,700       1,095,110  

Saibu Gas Holdings Co. Ltd.

     121,300       1,590,481  

Saizeriya Co. Ltd.

     161,900       5,557,912  

Sakai Moving Service Co. Ltd.

     61,800       1,174,662  

Sakata INX Corp.

     30,800       297,167  

Sakata Seed Corp.

     187,400       4,666,741  

SAMTY Co. Ltd.

     108,600       1,850,393  

Samty Residential Investment Corp.

     733       534,131  

San-A Co. Ltd.

     117,900       3,641,429  

 

 

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

   23

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)            

San-Ai Obbli Co. Ltd.

     89,600     $ 1,010,287  

SanBio Co. Ltd.(a)(b)

     300,600       1,150,041  

Sangetsu Corp.

     259,600       5,718,041  

San-In Godo Bank Ltd. (The)

     851,300       6,003,422  

Sanken Electric Co. Ltd.

     127,200       5,843,972  

Sanki Engineering Co. Ltd.

     13,100       168,061  

Sankyo Co. Ltd.

     228,700       13,988,793  

Sankyu Inc.

     247,200       9,240,895  

Sanrio Co. Ltd.

     306,600        12,802,753  

Sansan Inc.(a)

     434,100       4,041,132  

Santen Pharmaceutical Co. Ltd.

     1,961,900       19,819,745  

Sanwa Holdings Corp.

     1,167,900       17,850,390  

Sanyo Chemical Industries Ltd.

     21,100       616,694  

Sanyo Denki Co. Ltd.

     34,200       1,422,025  

Sanyo Special Steel Co. Ltd.

     110,700       1,901,456  

Sapporo Holdings Ltd.

     444,300       20,543,906  

Sato Holdings Corp.

     160,200       2,355,452  

Sawai Group Holdings Co. Ltd.

     207,100       7,838,737  

SB Technology Corp.

     10,600       178,500  

SBI Holdings Inc.

     1,468,100       36,064,839  

SBS Holdings Inc.

     58,000       981,763  

SCREEN Holdings Co. Ltd.

     473,000       46,382,026  

SCSK Corp.

     851,600       16,720,836  

Secom Co. Ltd.

     1,189,100       86,305,269  

Sega Sammy Holdings Inc.

     902,700       13,285,578  

Seibu Holdings Inc.

     1,346,800       19,033,544  

Seiko Epson Corp.

     1,601,900       23,383,588  

Seiko Group Corp.

     142,300       2,538,645  

Seino Holdings Co. Ltd.

     755,100       11,027,356  

Seiren Co. Ltd.

     218,800       3,672,255  

Sekisui Chemical Co. Ltd.

     2,129,900       30,409,729  

Sekisui House Ltd.

     3,466,200       78,246,670  

Sekisui House REIT Inc.(b)

     23,052       12,261,092  

Senko Group Holdings Co. Ltd.

     725,300       5,670,689  

Septeni Holdings Co. Ltd.(b)

     342,000       1,145,115  

Seria Co. Ltd.

     251,600       4,610,619  

Seven & i Holdings Co. Ltd.

     4,264,100       168,409,848  

Seven Bank Ltd.

     3,524,500       7,377,916  

SG Holdings Co. Ltd.

     1,797,900       23,282,986  

Sharp Corp./Japan(a)

     1,392,599       9,364,259  

Shibaura Machine Co. Ltd.

     124,300       3,013,645  

Shibaura Mechatronics Corp.

     62,700       2,970,050  

SHIFT Inc.(a)(b)

     72,500       13,069,815  

Shiga Bank Ltd. (The)

     219,700       5,462,651  

Shikoku Chemicals Corp.

     97,200       1,201,893  

Shikoku Electric Power Co. Inc.

     806,400       5,701,886  

Shima Seiki Manufacturing Ltd.

     154,900       1,575,268  

Shimadzu Corp.

     1,386,800       38,347,749  

Shimamura Co. Ltd.

     121,200       13,296,668  

Shimano Inc.

     445,600       63,977,155  

Shimizu Corp.

     2,984,600       19,979,283  

Shin Nippon Biomedical Laboratories Ltd.(b)

     118,300       1,371,157  

Shin-Etsu Chemical Co. Ltd.

     10,367,900       408,103,153  

Shin-Etsu Polymer Co. Ltd.

     109,500       1,204,518  

Shinko Electric Industries Co. Ltd.

     394,700       14,592,901  

Shinmaywa Industries Ltd.

     523,100       4,342,268  

Shionogi & Co. Ltd.

     1,509,800       72,464,984  

Ship Healthcare Holdings Inc.

     533,900       8,102,924  

Shiseido Co. Ltd.

     2,280,500       63,572,783  

Shizuoka Financial Group Inc., NVS

     2,385,400       21,802,565  

Shizuoka Gas Co. Ltd.

     137,200       937,317  

SHO-BOND Holdings Co. Ltd.

     217,100       9,669,748  
Security   Shares     Value  
Japan (continued)            

Shochiku Co. Ltd.

     46,700     $ 3,205,266  

Shoei Co. Ltd.

     293,500       3,922,439  

Shoei Foods Corp.

     22,000       668,064  

Showa Sangyo Co. Ltd.

     79,900       1,831,128  

Siix Corp.

     170,500       1,802,927  

Simplex Holdings Inc.

     150,400       2,741,263  

SKY Perfect JSAT Holdings Inc.

     1,366,800       7,192,575  

Skylark Holdings Co. Ltd.

     1,288,100       21,014,263  

SMC Corp.

     324,900        180,853,795  

SMS Co. Ltd.

     464,000       8,379,894  

Snow Peak Inc.(b)

     163,200       985,074  

Socionext Inc.(b)

     1,014,500       23,250,391  

SoftBank Corp.

     16,346,100       217,171,719  

SoftBank Group Corp.

     5,849,500       252,526,439  

Sohgo Security Services Co. Ltd.

     2,316,800       12,647,383  

Sojitz Corp.

     1,284,900       30,325,450  

Solasto Corp.

     243,400       951,003  

Sompo Holdings Inc.

     1,717,900       89,075,586  

Sony Group Corp.

     7,151,700       701,355,115  

Sosei Group Corp.(a)

     441,300       4,283,635  

SOSiLA Logistics REIT Inc.

     3,460       2,809,893  

Sotetsu Holdings Inc.

     499,700       9,158,563  

SPARX Group Co. Ltd.

     21,120       260,092  

Square Enix Holdings Co. Ltd.

     492,000       19,225,506  

SRE Holdings Corp.(a)(b)

     56,400       1,272,831  

Stanley Electric Co. Ltd.

     751,800       14,359,757  

Star Asia Investment Corp.

     7,869       3,085,455  

Star Micronics Co. Ltd.

     222,600       2,656,548  

Starts Corp. Inc.

     139,500       2,861,675  

Starts Proceed Investment Corp.

     385       531,491  

Strike Co. Ltd.

     46,600       1,503,507  

Subaru Corp.

     3,500,100       69,824,571  

Sugi Holdings Co. Ltd.

     189,600       9,059,020  

SUMCO Corp.

     2,033,700       30,831,742  

Sumitomo Bakelite Co. Ltd.

     187,800       9,333,195  

Sumitomo Chemical Co. Ltd.

     8,529,500       20,083,394  

Sumitomo Corp.

     5,908,300       135,878,120  

Sumitomo Electric Industries Ltd.

     4,028,100       53,539,897  

Sumitomo Forestry Co. Ltd.

     876,800       25,773,737  

Sumitomo Heavy Industries Ltd.

     602,500       15,631,554  

Sumitomo Metal Mining Co. Ltd.

     1,395,400       38,567,004  

Sumitomo Mitsui Construction Co. Ltd.

     1,171,740       3,286,481  

Sumitomo Mitsui Financial Group Inc.

     7,189,500       373,949,967  

Sumitomo Mitsui Trust Holdings Inc.

     3,690,000       75,620,119  

Sumitomo Osaka Cement Co. Ltd.

     155,900       3,927,475  

Sumitomo Pharma Co. Ltd.

     968,300       2,842,417  

Sumitomo Realty & Development Co. Ltd.

     1,715,100       53,938,410  

Sumitomo Riko Co. Ltd.

     107,800       926,430  

Sumitomo Rubber Industries Ltd.

     936,600       10,850,018  

Sumitomo Warehouse Co. Ltd. (The)

     462,400       8,315,905  

Sundrug Co. Ltd.

     412,400       12,438,090  

Suntory Beverage & Food Ltd.

     777,300       25,359,230  

Suruga Bank Ltd.

     722,200       4,208,780  

Suzuken Co. Ltd.

     326,700       10,141,087  

Suzuki Motor Corp.

     2,103,300       94,477,414  

Sysmex Corp.

     958,300       51,913,302  

Systena Corp.

     1,980,000       4,002,147  

T Hasegawa Co. Ltd.

     126,600       2,840,973  

T&D Holdings Inc.

     2,801,000       46,381,042  

Tadano Ltd.

     650,100       5,292,129  

Taihei Dengyo Kaisha Ltd.

     54,000       1,630,991  

Taiheiyo Cement Corp.

     628,600       12,938,033  

 

 

24  

2 0 2 4  I 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)            

Taikisha Ltd.

     121,800     $ 3,631,690  

Taisei Corp.

     943,400       34,395,031  

Taisho Pharmaceutical Holdings Co. Ltd.

     95,700       5,569,116  

Taiyo Holdings Co. Ltd.

     206,000       4,538,963  

Taiyo Yuden Co. Ltd.

     721,100       17,418,705  

Takamatsu Construction Group Co. Ltd.

     75,700       1,520,188  

Takara Bio Inc.

     261,300       2,221,261  

Takara Holdings Inc.

     866,000       7,326,732  

Takara Leben Real Estate Investment Corp.

     3,631       2,582,687  

Takasago Thermal Engineering Co. Ltd.

     222,600       5,143,444  

Takashimaya Co. Ltd.

     828,100       11,536,463  

Takeda Pharmaceutical Co. Ltd.

     8,960,780        263,361,617  

Takeuchi Manufacturing Co. Ltd.(b)

     236,900       8,099,076  

Takuma Co. Ltd.

     497,100       5,849,022  

Tama Home Co. Ltd.

     89,100       2,459,485  

Tamron Co. Ltd.

     114,100       4,323,485  

TBS Holdings Inc.

     182,100       4,222,795  

TDK Corp.

     2,213,800       110,147,201  

TechMatrix Corp.

     187,900       2,007,191  

TechnoPro Holdings Inc.

     610,400       14,072,659  

Teijin Ltd.

     929,300       8,548,986  

Tenma Corp.

     67,200       1,034,649  

Terumo Corp.

     3,830,100       129,656,356  

T-Gaia Corp.

     114,300       1,546,773  

THK Co. Ltd.

     647,600       12,451,163  

TIS Inc.

     1,239,000       27,557,637  

TKC Corp.

     72,400       1,875,364  

TKP Corp.(a)

     81,700       926,694  

Toa Corp./Tokyo

     96,400       2,548,183  

Toagosei Co. Ltd.

     669,700       6,410,184  

Tobu Railway Co. Ltd.

     1,027,300       27,206,252  

Tocalo Co. Ltd.

     510,400       5,429,193  

Toda Corp.

     1,445,900       9,116,430  

Toei Animation Co. Ltd.(b)

     45,800       6,127,871  

Toei Co. Ltd.

     36,600       5,136,562  

Toenec Corp.

     35,900       1,177,711  

Toho Bank Ltd. (The)

     907,300       1,924,141  

Toho Co. Ltd./Tokyo

     635,500       20,701,248  

Toho Gas Co. Ltd.

     429,600       8,630,618  

Toho Holdings Co. Ltd.

     424,000       9,183,198  

Toho Titanium Co. Ltd.(b)

     185,300       2,464,766  

Tohoku Electric Power Co. Inc.

     2,506,800       16,734,895  

Tokai Carbon Co. Ltd.

     1,265,100       8,897,280  

Tokai Corp./Gifu

     56,700       809,772  

TOKAI Holdings Corp.

     721,100       4,862,471  

Tokai Rika Co. Ltd.

     256,000       4,050,186  

Tokai Tokyo Financial Holdings Inc.

     1,937,300       7,473,199  

Token Corp.

     52,210       3,348,091  

Tokio Marine Holdings Inc.

     10,228,900       269,709,718  

Tokushu Tokai Paper Co. Ltd.

     8,200       218,849  

Tokuyama Corp.

     403,200       6,462,916  

Tokyo Century Corp.

     765,100       8,501,318  

Tokyo Electric Power Co. Holdings Inc.(a)

     8,631,700       45,956,491  

Tokyo Electron Device Ltd.

     110,600       4,382,087  

Tokyo Electron Ltd.

     2,684,800       498,224,828  

Tokyo Gas Co. Ltd.

     2,176,200       49,991,367  

Tokyo Kiraboshi Financial Group Inc.

     172,900       5,057,558  

Tokyo Ohka Kogyo Co. Ltd.

     548,600       12,530,294  

Tokyo Seimitsu Co. Ltd.

     225,300       14,593,511  

Tokyo Steel Manufacturing Co. Ltd.

     471,400       5,693,617  

Tokyo Tatemono Co. Ltd.

     1,112,600       17,147,306  

Tokyotokeiba Co. Ltd.

     83,000       2,599,474  
Security   Shares     Value  
Japan (continued)            

Tokyu Construction Co. Ltd.

     608,900     $ 3,389,395  

Tokyu Corp.

     2,913,700       34,190,171  

Tokyu Fudosan Holdings Corp.

     3,354,700       22,434,792  

Tokyu REIT Inc.

     6,303       7,349,891  

TOMONY Holdings Inc.

     918,300       2,528,636  

Tomy Co. Ltd.

     588,500       9,655,293  

Topcon Corp.

     637,000       7,318,262  

TOPPAN Holdings Inc.

     1,480,300       40,803,638  

Topre Corp.

     181,500       2,641,783  

Toray Industries Inc.

     7,679,800       38,371,567  

Toridoll Holdings Corp.

     267,100       8,177,313  

Torii Pharmaceutical Co. Ltd.

     56,300        1,434,706  

Tosei Corp.

     62,100       896,752  

Toshiba TEC Corp.

     164,000       3,402,277  

Tosoh Corp.

     1,416,200       18,261,390  

Totetsu Kogyo Co. Ltd.

     120,100       2,466,017  

TOTO Ltd.

     779,900       21,108,203  

Towa Corp.

     111,200       5,736,815  

Towa Pharmaceutical Co. Ltd.

     120,900       2,115,676  

Toyo Construction Co. Ltd.

     253,600       2,234,452  

Toyo Gosei Co. Ltd.(b)

     29,200       1,708,549  

Toyo Seikan Group Holdings Ltd.

     731,000       11,611,559  

Toyo Suisan Kaisha Ltd.

     514,700       26,801,186  

Toyo Tanso Co. Ltd.

     106,900       3,607,401  

Toyo Tire Corp.

     695,300       11,512,991  

Toyobo Co. Ltd.

     559,200       4,197,039  

Toyoda Gosei Co. Ltd.

     338,200       6,530,115  

Toyota Boshoku Corp.

     505,400       8,327,640  

Toyota Industries Corp.

     826,900       69,938,459  

Toyota Motor Corp.

     60,233,625       1,202,733,876  

Toyota Tsusho Corp.

     1,193,800       78,231,416  

Trancom Co. Ltd.

     8,300       393,342  

Transcosmos Inc.

     115,500       2,411,778  

TRE Holdings Corp.

     209,200       1,774,722  

Trend Micro Inc./Japan(a)

     785,800       44,955,117  

Tri Chemical Laboratories Inc.

     148,700       3,667,035  

Trusco Nakayama Corp.

     242,900       4,149,796  

TS Tech Co. Ltd.

     524,600       6,645,080  

Tsubakimoto Chain Co.

     126,200       3,649,761  

Tsuburaya Fields Holdings Inc.(b)

     203,600       2,508,463  

Tsugami Corp.

     213,300       1,722,535  

Tsumura & Co.

     469,900       8,501,524  

Tsuruha Holdings Inc.

     217,300       17,195,954  

TV Asahi Holdings Corp.

     100,400       1,196,712  

UACJ Corp.

     164,800       4,551,987  

UBE Corp.

     551,300       9,165,645  

Ulvac Inc.

     257,800       12,617,616  

Unicharm Corp.

     2,293,400       78,912,154  

United Arrows Ltd.

     124,100       1,627,457  

United Super Markets Holdings Inc.

     474,800       3,264,839  

United Urban Investment Corp.

     16,388       16,593,286  

Universal Entertainment Corp.

     127,900       1,849,804  

Usen-Next Holdings Co. Ltd.

     104,200       3,024,398  

Ushio Inc.

     569,400       7,976,866  

USS Co. Ltd.

     1,187,300       22,453,511  

UT Group Co. Ltd.(a)

     163,500       2,619,591  

Valor Holdings Co. Ltd.

     194,300       3,319,563  

ValueCommerce Co. Ltd.

     79,400       677,182  

Vector Inc.

     110,500       887,362  

Vision Inc./Tokyo Japan(a)(b)

     180,100       1,429,623  

Visional Inc.(a)(b)

     128,900       8,067,430  

VT Holdings Co. Ltd.

     578,000       2,083,370  

 

 

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

   25

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)

    

Wacoal Holdings Corp.

     249,300     $ 5,815,972  

Wacom Co. Ltd.

     857,400       3,951,179  

WealthNavi Inc.(a)

     225,200       2,591,778  

Weathernews Inc.

     28,500       1,033,732  

Welcia Holdings Co. Ltd.

     536,700       9,053,502  

West Holdings Corp.

     127,730       2,937,944  

West Japan Railway Co.

     1,241,000       51,687,048  

WingArc1st Inc.

     105,300       2,003,204  

Workman Co. Ltd.(b)

     123,100       3,519,072  

W-Scope Corp.(a)(b)

     292,800       1,512,625  

Yakult Honsha Co. Ltd.

     1,469,600       32,098,394  

Yamada Holdings Co. Ltd.

     3,902,900       11,921,715  

Yamaguchi Financial Group Inc.

     1,228,500       11,676,973  

Yamaha Corp.

     810,500       17,823,346  

Yamaha Motor Co. Ltd.

     5,095,600       48,162,315  

YA-MAN Ltd.(b)

     190,900       1,311,485  

Yamato Holdings Co. Ltd.

     1,579,600       27,305,637  

Yamato Kogyo Co. Ltd.

     211,700       11,718,396  

Yamazaki Baking Co. Ltd.

     652,000       15,460,441  

Yamazen Corp.

     445,900       3,813,231  

Yaoko Co. Ltd.

     90,500       5,221,655  

Yaskawa Electric Corp.

     1,384,300       52,169,139  

Yellow Hat Ltd.

     157,500       1,955,351  

Yodogawa Steel Works Ltd.

     72,900       1,919,952  

Yokogawa Bridge Holdings Corp.

     140,300       2,715,259  

Yokogawa Electric Corp.

     1,282,200       25,196,126  

Yokohama Rubber Co. Ltd. (The)

     698,900       16,541,340  

Yokorei Co. Ltd.

     268,900       2,045,599  

Yonex Co. Ltd.

     328,200       2,666,948  

Yoshinoya Holdings Co. Ltd.

     483,700       10,786,670  

Yuasa Trading Co. Ltd.

     68,100       2,269,033  

Zenkoku Hosho Co. Ltd.

     276,100       10,274,624  

Zenrin Co. Ltd.

     155,900       937,600  

Zensho Holdings Co. Ltd.

     565,400       27,686,906  

Zeon Corp.

     783,300       7,106,428  

ZERIA Pharmaceutical Co. Ltd.

     18,600       257,599  

Zojirushi Corp.

     165,200       1,598,824  

ZOZO Inc.

     852,700       18,671,150  

Zuken Inc.

     44,300       1,210,833  
   

 

 

  
       26,152,597,316  
Netherlands — 4.5%            

Aalberts NV

     556,642       22,136,711  

ABN AMRO Bank NV, CVA(d)

     2,597,834       38,233,318  

Adyen NV(a)(d)

     123,370       154,729,010  

Aegon Ltd.

     9,743,329       57,480,151  

AerCap Holdings NV(a)

     1,139,079       87,207,888  

Akzo Nobel NV

     965,086       74,130,639  

Alfen NV(a)(b)(d)

     126,732       7,663,931  

Allfunds Group PLC

     2,040,658       14,629,872  

AMG Critical Materials NV

     205,791       4,367,253  

Arcadis NV

     439,795       24,145,381  

Ariston Holding NV

     454,368       2,982,057  

ASM International NV

     263,900       146,262,248  

ASML Holding NV

     2,291,034       1,987,673,332  

ASR Nederland NV

     877,977       41,375,976  

Basic-Fit NV(a)(b)(d)

     291,255       8,433,182  

BE Semiconductor Industries NV

     441,129       66,292,109  

Brunel International NV

     228,464       2,541,550  

Corbion NV

     346,092       6,701,848  

Davide Campari-Milano NV

     3,480,706       35,263,842  

Eurocommercial Properties NV

     282,235       6,323,190  

EXOR NV, NVS(b)

     584,883       56,588,894  
Security   Shares     Value  

Netherlands (continued)

    

Fastned BV(a)(b)

     32,797     $ 972,413  

Ferrovial SE

     2,877,842       109,747,155  

Flow Traders Ltd., NVS

     190,963       3,429,932  

Fugro NV(a)

     667,335       12,320,897  

Heineken Holding NV

     715,775       60,058,979  

Heineken NV

     1,626,875       163,656,313  

IMCD NV

     322,814       49,274,562  

ING Groep NV

     20,436,502       290,371,322  

InPost SA(a)

     1,253,792       18,831,732  

Iveco Group NV(a)

     1,087,039       11,600,180  

JDE Peet’s NV

     677,879       16,733,690  

Just Eat Takeaway.com NV(a)(b)(d)

     1,138,679       17,193,332  

Koninklijke Ahold Delhaize NV

     5,439,630       152,979,537  

Koninklijke BAM Groep NV

     1,840,852       5,082,196  

Koninklijke KPN NV

     18,562,096       63,143,435  

Koninklijke Philips NV(a)

     4,614,636       97,625,195  

Koninklijke Vopak NV

     398,894       12,460,911  

MFE-MediaForEurope NV, NVS(b)

     368,139       1,330,006  

MFE-MediaForEurope NV, Class A

     1,716,719       4,382,121  

NN Group NV

     1,510,527       61,913,831  

NSI NV

     134,638       2,880,966  

OCI NV

     592,947       16,936,929  

Pharming Group NV(a)

     4,374,413       5,514,745  

PostNL NV

     1,991,379       2,901,837  

Prosus NV

     8,383,334       249,418,245  

Qiagen NV, NVS

     1,266,208       54,936,712  

Randstad NV

     657,122       37,364,090  

SBM Offshore NV

     845,462       10,763,465  

Signify NV(d)

     700,521       21,004,875  

Sligro Food Group NV

     129,584       2,012,904  

Technip Energies NV

     830,525       17,192,348  

TKH Group NV

     242,551       9,766,978  

TomTom NV(a)(b)

     540,789       3,661,634  

Universal Music Group NV

     4,639,049       136,748,604  

Van Lanschot Kempen NV

     194,884       5,867,498  

Vastned Retail NV

     145,752       3,217,165  

Wereldhave NV

     230,018       3,445,406  

Wolters Kluwer NV

     1,425,384       210,125,887  
   

 

 

  
       4,792,030,409  
New Zealand — 0.3%            

Air New Zealand Ltd.

     4,778,588       1,854,779  

Auckland International Airport Ltd.

     7,169,464       36,964,991  

Contact Energy Ltd.

     4,249,777       20,963,245  

EBOS Group Ltd.

     926,784       21,223,640  

Fisher & Paykel Healthcare Corp. Ltd.

     3,252,727       46,979,260  

Fletcher Building Ltd.

     4,457,803       12,316,240  

Goodman Property Trust

     5,560,119       7,612,914  

Infratil Ltd.

     4,609,401       29,735,171  

Kiwi Property Group Ltd.(b)

     7,015,212       3,730,602  

Mercury NZ Ltd.

     4,235,316       17,474,647  

Meridian Energy Ltd.

     7,151,699       24,228,449  

Oceania Healthcare Ltd.

     1,299,182       555,887  

Ryman Healthcare Ltd.(a)

     4,165,865       14,471,850  

Spark New Zealand Ltd.

     10,634,310       34,548,676  

Warehouse Group Ltd. (The)(b)

     664,996       646,301  
   

 

 

  
      273,306,652  
Norway — 0.9%            

Adevinta ASA(a)

     1,989,257       21,373,081  

Aker ASA, Class A

     143,941       8,553,217  

Aker BP ASA

     1,855,786       49,255,487  

Aker Carbon Capture ASA(a)

     2,018,993       1,990,600  

 

 

26  

2 0 2 4  I 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  

Norway (continued)

    

Aker Solutions ASA

     1,500,629     $ 5,565,865  

Atea ASA

     587,265       7,828,525  

Austevoll Seafood ASA

     611,926       4,436,012  

Avance Gas Holding Ltd.(d)

     73,691       859,019  

Bakkafrost P/F

     275,680       15,396,224  

Borr Drilling Ltd.(b)

     1,207,381       7,480,514  

Borregaard ASA

     683,166       11,653,234  

BW LPG Ltd.(d)

     618,210       7,629,719  

Cadeler AS(a)(b)

     635,976       2,925,529  

Cool Co. Ltd.

     132,801       1,572,058  

Crayon Group Holding ASA(a)(b)(d)

     407,423       3,425,121  

DNB Bank ASA

     5,200,857       101,103,154  

DNO ASA

     2,527,511       2,214,872  

DOF Group ASA(a)

     545,476       2,944,513  

Elkem ASA(b)(d)

     2,108,728       4,375,626  

Entra ASA(d)

     667,734       7,313,980  

Equinor ASA

     5,124,220        146,640,229  

Europris ASA(d)

     945,997       7,090,344  

Flex LNG Ltd.

     181,127       5,400,787  

Frontline PLC, NVS

     781,298       17,464,088  

Gjensidige Forsikring ASA

     1,091,933       17,563,167  

Golden Ocean Group Ltd.

     734,605       7,746,593  

Grieg Seafood ASA

     369,931       2,321,467  

Hafnia Ltd.

     1,405,157       10,218,106  

Hexagon Composites ASA(a)

     455,421       1,020,202  

Hoegh Autoliners ASA

     485,166       4,885,220  

Kitron ASA

     375,291       1,142,297  

Kongsberg Gruppen ASA

     530,158       27,018,623  

Leroy Seafood Group ASA

     1,625,349       6,527,926  

Mowi ASA

     2,605,936       46,907,696  

MPC Container Ships ASA

     1,887,162       2,836,800  

NEL ASA(a)(b)

     9,610,962       4,798,349  

Nordic Semiconductor ASA(a)(b)

     957,024       9,609,843  

Norsk Hydro ASA

     7,413,871       43,449,010  

Norske Skog ASA(b)(d)

     360,502       1,242,275  

Norwegian Air Shuttle ASA(a)(b)

     4,218,341       5,164,618  

Nykode Therapeutics ASA(a)(b)

     556,543       956,213  

Odfjell Drilling Ltd.

     507,259       1,880,748  

Orkla ASA

     4,155,194       32,548,153  

PGS ASA(a)

     5,515,986       3,451,513  

Protector Forsikring ASA

     586,118       10,510,528  

REC Silicon ASA(a)(b)

     1,455,850       1,701,102  

Salmar ASA

     415,241       23,050,202  

Scatec ASA(a)(d)

     679,479       5,052,374  

Schibsted ASA, Class A

     423,407       12,988,839  

Schibsted ASA, Class B

     514,751       14,771,148  

Seadrill Ltd.(a)(b)

     133,199       5,733,245  

SpareBank 1 Nord Norge

     524,902       5,170,539  

SpareBank 1 Oestlandet(b)

     10,466       121,804  

SpareBank 1 SMN

     1,128,394       15,362,638  

SpareBank 1 SR-Bank ASA

     1,045,014       12,673,232  

Stolt-Nielsen Ltd.

     142,306       5,319,115  

Storebrand ASA

     2,532,783       22,772,658  

Subsea 7 SA

     1,306,784       17,612,809  

Telenor ASA

     3,793,357       42,091,303  

TGS ASA

     804,535       7,834,365  

TOMRA Systems ASA

     1,366,698       13,728,175  

Veidekke ASA

     597,310       5,452,163  

Wallenius Wilhelmsen ASA

     686,340       6,672,221  

Yara International ASA

     912,961       30,175,778  
   

 

 

  
      934,574,855  
Security   Shares     Value  

Portugal — 0.2%

    

Altri SGPS SA(b)

     674,162     $ 3,286,352  

Banco Comercial Portugues SA, Class R(a)

     48,200,455       14,021,339  

Corticeira Amorim SGPS SA

     46,915       479,125  

CTT-Correios de Portugal SA

     839,559       3,331,216  

EDP - Energias de Portugal SA

     17,723,725       79,055,552  

Galp Energia SGPS SA

     2,720,736       42,829,127  

Greenvolt Energias Renovaveis SA(a)(b)

     369,550       3,226,932  

Jeronimo Martins SGPS SA

     1,582,661       35,994,967  

Navigator Co. SA (The)

     1,739,184       7,166,366  

NOS SGPS SA

     1,143,469       4,053,251  

REN - Redes Energeticas Nacionais SGPS SA

     3,102,969       7,623,924  

Sonae SGPS SA

     6,870,909       6,642,311  
   

 

 

  
      207,710,462  
Singapore — 1.4%            

AEM Holdings Ltd.(b)

     1,660,600       3,304,387  

AIMS APAC REIT(b)

     776,693       757,056  

Best World International Ltd.(a)(b)

     743,400       934,970  

CapitaLand Ascendas REIT

     22,097,903       47,891,172  

CapitaLand Ascott Trust

     12,929,968       9,218,205  

CapitaLand China Trust(b)

     7,075,080       4,394,640  

Capitaland India Trust

     4,821,746       3,774,009  

CapitaLand Integrated Commercial Trust

     31,590,057       47,093,393  

CapitaLand Investment Ltd./Singapore

     14,722,200       32,319,460  

CDL Hospitality Trusts

     7,158,646       5,483,315  

City Developments Ltd.

     2,907,600       13,196,984  

ComfortDelGro Corp. Ltd.

     11,530,200       11,992,379  

Cromwell European Real Estate Investment Trust

     1,006,540       1,519,926  

DBS Group Holdings Ltd.

     10,262,500        243,070,216  

Digital Core REIT Management Pte Ltd.(b)

     4,406,100       2,832,201  

ESR-LOGOS REIT

     47,081,427       10,879,793  

Far East Hospitality Trust

     613,500       297,261  

First Resources Ltd.

     2,985,900       3,286,235  

Frasers Centrepoint Trust

     6,341,588       10,846,786  

Frasers Logistics & Commercial Trust

     16,676,986       13,882,599  

Genting Singapore Ltd.

     33,542,800       25,190,780  

Golden Agri-Resources Ltd.

     40,138,700       8,078,605  

Grab Holdings Ltd., Class A(a)

     10,674,910       32,771,974  

Hutchison Port Holdings Trust, Class U(b)

     30,360,600       4,546,712  

iFAST Corp. Ltd.

     865,600       4,746,591  

Jardine Cycle & Carriage Ltd.(b)

     554,100       10,691,928  

Keppel DC REIT

     7,972,200       10,010,052  

Keppel Infrastructure Trust(b)

     20,461,769       7,689,629  

Keppel Ltd.

     8,149,300       43,303,430  

Keppel REIT

     17,885,740       12,300,309  

Lendlease Global Commercial REIT(b)

     7,462,809       3,494,308  

Mapletree Industrial Trust

     12,160,720       22,148,991  

Mapletree Logistics Trust

     19,591,279       22,527,532  

Mapletree Pan Asia Commercial Trust

     13,366,056       14,474,288  

Maxeon Solar Technologies Ltd.(a)(b)

     190,419       862,598  

Nanofilm Technologies International Ltd.(b)

     1,560,600       796,119  

NetLink NBN Trust

     22,336,900       14,069,833  

Olam Group Ltd.(b)

     4,879,400       3,242,566  

Oversea-Chinese Banking Corp. Ltd.

     19,141,100       183,091,692  

Paragon REIT

     4,686,995       3,057,116  

Parkway Life REIT

     2,743,300       7,188,880  

Raffles Medical Group Ltd.(b)

     6,683,100       5,022,089  

Riverstone Holdings Ltd./Singapore

     2,789,400       1,450,989  

Sasseur Real Estate Investment Trust(b)

     298,200       148,933  

SATS Ltd.(a)

     6,086,026       12,426,068  

Sea Ltd., ADR(a)

     2,081,757       79,398,212  

Seatrium Ltd.(a)(b)

     254,323,069       18,874,127  

Sembcorp Industries Ltd.

     5,742,000       24,165,140  

 

 

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

   27

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Singapore (continued)            

Sheng Siong Group Ltd.

     4,544,700     $ 5,277,503  

SIA Engineering Co. Ltd.

     336,100       575,011  

Singapore Airlines Ltd.

     8,505,700       42,216,189  

Singapore Exchange Ltd.

     4,110,200       28,700,021  

Singapore Post Ltd.(b)

     9,868,800       3,016,182  

Singapore Technologies Engineering Ltd.

     9,014,200       24,977,787  

Singapore Telecommunications Ltd.

     45,975,500       82,045,242  

Starhill Global REIT

     10,842,400       4,162,382  

StarHub Ltd.

     4,182,800       3,305,082  

Straits Trading Co. Ltd.(b)

     838,224       1,035,677  

Suntec REIT(b)

     12,469,500       11,023,391  

UMS Holdings Ltd.(b)

     3,126,800       2,964,130  

United Overseas Bank Ltd.

     7,139,300       150,486,018  

UOL Group Ltd.

     2,519,300       11,698,561  

Venture Corp. Ltd.

     1,624,900       16,188,172  

Wilmar International Ltd.

     10,834,600       26,530,555  

Yangzijiang Financial Holding Ltd.(b)

     14,226,700       3,327,966  

Yangzijiang Shipbuilding Holdings Ltd.

     15,398,500       19,223,790  

Yanlord Land Group Ltd.(a)(b)

     6,324,700       2,444,121  
   

 

 

  
       1,481,942,258  
Spain — 2.4%            

Acciona SA

     137,440       17,778,513  

Acerinox SA

     1,068,464       11,279,976  

ACS Actividades de Construccion y Servicios SA

     1,270,227       50,123,782  

Aena SME SA(d)

     418,541       74,042,905  

Almirall SA

     448,261       4,252,151  

Amadeus IT Group SA

     2,540,317       178,026,354  

Applus Services SA

     856,123       10,353,126  

Atresmedia Corp. de Medios de Comunicacion SA

     736,892       2,961,805  

Audax Renovables SA(a)

     729,635       1,031,859  

Banco Bilbao Vizcaya Argentaria SA

     33,687,765       315,298,500  

Banco de Sabadell SA

     31,027,592       40,271,831  

Banco Santander SA

     91,844,325       369,127,782  

Bankinter SA

     3,704,951       22,874,809  

CaixaBank SA

     23,086,009       98,438,516  

Cellnex Telecom SA(d)

     3,205,415       123,335,919  

Cia. de Distribucion Integral Logista Holdings SA

     344,090       9,732,578  

Cie. Automotive SA

     352,229       9,292,793  

Construcciones y Auxiliar de Ferrocarriles SA

     156,467       5,623,513  

Corp. ACCIONA Energias Renovables SA

     359,227       9,334,541  

Distribuidora Internacional de Alimentacion SA(a)(b)

     11,500,318       149,141  

EDP Renovaveis SA

     1,780,636       28,834,255  

eDreams ODIGEO SA(a)

     270,883       2,057,651  

Enagas SA

     815,479       13,275,820  

Ence Energia y Celulosa SA(b)

     987,865       3,123,463  

Endesa SA

     1,779,594       35,257,232  

Faes Farma SA

     2,260,260       7,427,614  

Fluidra SA

     541,777       11,729,045  

Gestamp Automocion SA(d)

     1,149,642       3,813,455  

Global Dominion Access SA(d)

     401,657       1,551,879  

Grenergy Renovables SA(a)(b)

     82,528       2,879,178  

Grifols SA(a)(b)

     1,679,981       18,299,606  

Iberdrola SA

     34,547,478       415,984,676  

Iberdrola SA, NVS

     592,909       7,139,187  

Indra Sistemas SA(b)

     947,814       16,827,703  

Industria de Diseno Textil SA

     6,176,107       264,074,064  

Inmobiliaria Colonial SOCIMI SA

     1,634,689       9,828,240  

Laboratorios Farmaceuticos Rovi SA

     118,492       8,172,689  

Lar Espana Real Estate SOCIMI SA

     693,951       4,657,208  
Security   Shares     Value  
Spain (continued)            

Linea Directa Aseguradora SA Cia de Segurosy Reaseguros

     3,584,205     $ 3,745,627  

Mapfre SA

     5,177,773       11,401,009  

Melia Hotels International SA(a)(b)

     716,230       4,846,063  

Merlin Properties SOCIMI SA

     1,801,703       18,347,141  

Naturgy Energy Group SA

     802,329       21,604,917  

Neinor Homes SA(d)

     301,140       3,397,615  

Opdenergy Holdings SA, NVS(a)

     272,178       1,697,204  

Pharma Mar SA

     86,996       3,631,508  

Prosegur Cash SA(d)

     203,934       110,637  

Prosegur Cia. de Seguridad SA

     1,610,724       3,047,755  

Redeia Corp. SA

     1,672,728       27,834,393  

Repsol SA

     7,327,300       108,211,622  

Sacyr SA

     3,049,207       10,052,465  

Sacyr SA, NVS

     60,681       200,406  

Solaria Energia y Medio Ambiente SA(a)

     469,585       6,933,010  

Tecnicas Reunidas SA(a)(b)

     336,657       2,827,898  

Telefonica SA

     28,291,205       115,112,190  

Unicaja Banco SA(d)

     9,706,895       9,281,190  

Vidrala SA

     115,678       11,594,451  

Viscofan SA

     217,122       12,717,693  
   

 

 

  
       2,584,858,153  
Sweden — 3.4%            

AAK AB

     1,021,109       23,013,843  

AcadeMedia AB(d)

     196,308       1,072,402  

AddLife AB, Class B

     630,344       6,794,148  

AddTech AB, Class B

     1,461,935       30,159,287  

AFRY AB

     597,302       8,248,224  

Alfa Laval AB

     1,635,064       59,995,084  

Alleima AB, NVS

     1,165,203       7,735,482  

Arjo AB, Class B

     1,396,484       6,536,361  

Assa Abloy AB, Class B

     5,696,679       156,235,513  

Atlas Copco AB, Class A

     15,330,977       244,673,401  

Atlas Copco AB, Class B

     8,764,902       121,375,937  

Atrium Ljungberg AB, Class B

     314,619       6,306,499  

Attendo AB(a)(d)

     768,370       3,008,757  

Avanza Bank Holding AB

     719,126       14,445,420  

Axfood AB

     610,808       15,454,132  

Beijer Ref AB, Class B

     2,199,981       29,952,721  

Betsson AB

     709,130       7,717,544  

Bilia AB, Class A

     492,063       5,948,737  

Billerud Aktiebolag

     1,257,025       11,177,577  

BioArctic AB, Class B(a)(b)(d)

     203,231       4,408,091  

BioGaia AB, Class B

     552,314       5,976,040  

Biotage AB

     400,979       5,699,385  

Boliden AB

     1,530,216       40,616,012  

BoneSupport Holding AB(a)(d)

     313,925       6,215,184  

Boozt AB(a)(d)

     316,402       3,706,227  

Bravida Holding AB(d)

     1,403,432       10,641,834  

Bufab AB

     137,741       4,878,301  

Bure Equity AB

     294,544       8,412,582  

Calliditas Therapeutics AB, Class B(a)(b)

     231,219       2,526,231  

Camurus AB(a)

     169,027       8,379,573  

Castellum AB(a)

     2,187,091       28,156,355  

Catena AB

     177,497       7,567,887  

Cibus Nordic Real Estate AB

     218,538       2,574,889  

Clas Ohlson AB, Class B

     176,446       2,510,924  

Cloetta AB, Class B

     1,438,745       2,589,469  

Coor Service Management Holding AB(d)

     445,013       1,875,113  

Corem Property Group AB, Class B

     3,222,032       3,246,264  

Creades AB, Class A

     237,933       1,572,537  

Dios Fastigheter AB

     358,667       2,782,011  

 

 

28  

2 0 2 4  I 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  
Sweden (continued)            

Dometic Group AB(d)

     1,792,687     $ 14,266,043  

Electrolux AB, Class B(a)

     1,227,173       11,478,998  

Electrolux Professional AB, Class B

     1,659,033       8,815,164  

Elekta AB, Class B

     2,073,299       15,644,505  

Embracer Group AB, Class B(a)(b)

     4,294,123       8,195,192  

Engcon AB(b)

     223,234       1,786,341  

Epiroc AB

     3,773,798       66,678,290  

Epiroc AB, Class B

     2,123,383       33,107,568  

EQT AB

     2,050,804       55,068,482  

Essity AB, Class B

     3,439,556       80,772,091  

Evolution AB(d)

     1,043,804       121,878,297  

Fabege AB

     1,446,280       13,545,729  

Fastighets AB Balder, Class B(a)

     3,688,435       24,481,220  

Fortnox AB

     2,741,186       15,112,939  

Getinge AB, Class B

     1,297,152       27,729,383  

Granges AB

     667,415       6,617,864  

H & M Hennes & Mauritz AB, Class B

     3,666,890       51,735,207  

Hemnet Group AB

     483,894       13,064,077  

Hexagon AB, Class B

     11,775,342       128,511,206  

Hexatronic Group AB(b)

     932,287       1,955,579  

Hexpol AB

     1,570,895       17,981,335  

HMS Networks AB(b)

     134,001       5,895,381  

Holmen AB, Class B

     528,496       20,827,650  

Hufvudstaden AB, Class A

     702,473       9,083,599  

Husqvarna AB, Class B

     2,327,050       18,101,910  

Industrivarden AB, Class A

     743,124       23,395,020  

Industrivarden AB, Class C

     862,656       27,112,481  

Indutrade AB

     1,551,995       37,704,289  

Instalco AB

     1,186,244       4,743,420  

Intrum AB(b)

     455,916       2,700,452  

Investment AB Latour, Class B

     857,830       21,574,936  

Investor AB, Class B

     9,831,949        231,490,937  

INVISIO AB

     213,278       4,139,557  

Inwido AB

     453,925       5,544,889  

JM AB(b)

     356,901       5,811,736  

Kambi Group PLC, Class B(a)

     144,120       1,931,913  

Kindred Group PLC

     1,303,665       15,336,577  

Kinnevik AB, Class B(a)

     1,352,269       14,528,796  

L E Lundbergforetagen AB, Class B

     435,636       22,714,412  

Lifco AB, Class B

     1,318,060       31,800,705  

Lindab International AB

     471,898       8,960,729  

Loomis AB, Class B

     435,216       11,915,335  

Medicover AB, Class B

     351,939       5,804,084  

MEKO AB

     283,392       2,878,403  

Millicom International Cellular SA, SDR(a)

     885,800       15,195,481  

MIPS AB

     152,904       5,079,626  

Modern Times Group MTG AB, Class B(a)

     515,009       3,941,886  

Munters Group AB(d)

     697,608       11,134,682  

Mycronic AB

     447,968       12,459,712  

NCAB Group AB(b)

     516,536       3,340,729  

NCC AB, Class B

     511,840       6,536,235  

New Wave Group AB, Class B

     496,962       4,413,698  

Nibe Industrier AB, Class B

     8,603,230       51,405,854  

Nolato AB, Class B

     1,295,000       6,271,578  

Nordnet AB publ

     746,191       11,741,726  

Norion Bank AB(a)

     131,057       519,000  

Note AB(a)(b)

     100,947       1,426,814  

NP3 Fastigheter AB

     149,465       2,944,581  

Nyfosa AB

     1,071,996       9,588,342  

OX2 AB, Class B(a)

     728,285       3,465,165  

Pandox AB, Class B

     523,414       7,177,190  

Paradox Interactive AB

     195,720       3,834,482  
Security   Shares     Value  
Sweden (continued)            

Peab AB, Class B(b)

     1,095,576     $ 5,408,791  

Platzer Fastigheter Holding AB, Class B

     336,080       2,737,785  

Ratos AB, Class B

     1,300,596       4,287,144  

Resurs Holding AB(d)

     432,841       594,809  

Rvrc Holding AB

     203,480       1,237,872  

Saab AB, Class B

     453,265       29,186,160  

Sagax AB, Class B

     1,111,343       27,007,093  

Samhallsbyggnadsbolaget i Norden AB(b)

     6,231,581       2,855,277  

Sandvik AB

     6,017,774       126,468,835  

Scandic Hotels Group AB(a)(b)(d)

     817,419       3,765,986  

Sdiptech AB, Class B(a)

     156,698       3,889,050  

Sectra AB, Class B

     762,338       14,199,655  

Securitas AB, Class B

     2,724,266       26,463,663  

Sinch AB(a)(b)(d)

     3,833,521       11,772,740  

Skandinaviska Enskilda Banken AB, Class A

     8,893,653       126,308,872  

Skanska AB, Class B

     1,882,144       32,635,622  

SKF AB, Class B

     1,886,269       37,169,150  

SkiStar AB

     148,299       1,862,661  

SSAB AB, Class A

     1,246,592       9,698,246  

SSAB AB, Class B

     3,708,263       28,325,417  

Stillfront Group AB(a)

     2,956,361       3,063,809  

Storskogen Group AB

     7,693,198       5,310,623  

Surgical Science Sweden AB(a)

     181,168       3,096,262  

Svenska Cellulosa AB SCA, Class B

     3,415,026       46,491,881  

Svenska Handelsbanken AB, Class A

     8,122,546       87,563,739  

Svolder AB

     517,558       2,862,632  

Sweco AB, Class B

     1,220,574       14,307,329  

Swedbank AB, Class A

     4,807,912       97,975,522  

SwedenCare AB(b)

     506,973       3,013,587  

Swedish Orphan Biovitrum AB(a)

     1,108,210       31,105,381  

Synsam AB

     282,354       1,256,144  

Tele2 AB, Class B

     3,108,465       26,502,869  

Telefonaktiebolaget LM Ericsson, Class B

     16,513,741       91,543,521  

Telia Co. AB

     13,881,273       35,802,190  

Thule Group AB(d)

     620,206       15,781,203  

Trelleborg AB, Class B

     1,325,530       40,345,401  

Troax Group AB

     133,911       2,909,158  

Truecaller AB(a)(b)

     1,336,839       3,952,663  

Vimian Group AB(a)(b)

     954,927       2,620,701  

Vitec Software Group AB, Class B

     174,109       9,671,009  

Vitrolife AB

     435,235       7,165,442  

Volvo AB, Class A

     1,105,435       27,177,279  

Volvo AB, Class B

     8,526,283       204,335,103  

Volvo Car AB, Class B(a)(b)

     3,283,374       8,559,761  

Wallenstam AB, Class B(b)

     2,261,123       11,350,300  

Wihlborgs Fastigheter AB

     1,704,843       15,240,700  

Xvivo Perfusion AB(a)

     62,630       1,740,502  
   

 

 

  
       3,623,705,019  
Switzerland — 9.5%            

ABB Ltd., Registered

     9,083,001       384,318,145  

Accelleron Industries AG, NVS

     527,657       16,884,887  

Adecco Group AG, Registered

     903,987       39,091,164  

Alcon Inc.

     2,841,825       213,918,363  

Allreal Holding AG, Registered

     76,032       13,523,917  

ALSO Holding AG, Registered

     33,839       9,906,928  

Arbonia AG

     361,315       4,183,839  

Aryzta AG(a)

     5,770,101       10,356,614  

Autoneum Holding AG(a)(b)

     22,369       3,323,857  

Avolta AG, Registered(a)

     594,713       22,720,912  

Bachem Holding AG, Class B

     194,901       13,047,399  

Baloise Holding AG, Registered

     249,194       39,806,525  

Banque Cantonale Vaudoise, Registered

     165,821       21,231,119  

 

 

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

   29

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Switzerland (continued)            

Barry Callebaut AG, Registered

     19,921     $ 29,096,753  

Basilea Pharmaceutica AG,
Registered(a)(b)

     92,994       3,645,790  

Belimo Holding AG, Registered

     55,675       25,960,661  

Bell Food Group AG, Registered

     12,157       3,564,581  

BKW AG

     133,521       21,212,266  

Bossard Holding AG, Class A, Registered

     40,667       9,731,842  

Bucher Industries AG, Registered

     43,762       18,536,110  

Burckhardt Compression Holding AG

     21,895       12,249,536  

Burkhalter Holding AG

     39,435       4,025,985  

Bystronic AG, Registered

     8,086       4,051,568  

Cembra Money Bank AG

     169,581       13,075,026  

Chocoladefabriken Lindt & Spruengli AG, Participation Certificates, NVS

     5,919       75,224,265  

Chocoladefabriken Lindt & Spruengli AG, Registered

     576       73,013,167  

Cie. Financiere Richemont SA, Class A, Registered

     2,961,572       439,895,741  

Clariant AG, Registered

     1,178,645       15,088,631  

Coca-Cola HBC AG, Class DI

     1,247,335       36,667,589  

Coltene Holding AG, Registered

     14,299       941,467  

Comet Holding AG, Registered

     48,092       15,856,597  

COSMO Pharmaceuticals NV(b)

     61,892       4,590,171  

Daetwyler Holding AG, Bearer

     48,682       9,898,575  

DKSH Holding AG

     201,603       14,107,131  

DocMorris AG(a)(b)

     64,770       6,042,460  

dormakaba Holding AG

     19,262       9,649,107  

Dottikon Es Holding AG(a)(b)

     14,930       3,944,655  

DSM-Firmenich AG

     1,052,015       111,230,085  

EFG International AG

     650,836       8,357,717  

Emmi AG, Registered

     13,359       13,995,204  

EMS-Chemie Holding AG, Registered

     39,795       30,041,829  

Flughafen Zurich AG, Registered

     112,417       23,194,546  

Forbo Holding AG, Registered

     6,261       7,361,503  

Galenica AG(d)

     295,077       26,020,638  

Geberit AG, Registered

     191,529       110,249,440  

Georg Fischer AG

     457,772       30,637,984  

Givaudan SA, Registered

     52,535       218,468,720  

Gurit Holding AG(a)(b)

     7,060       618,502  

Helvetia Holding AG, Registered

     201,114       29,044,973  

Holcim AG

     2,956,974       225,850,196  

Huber + Suhner AG, Registered

     120,258       8,625,251  

Idorsia Ltd.(a)(b)

     628,695       1,121,920  

Implenia AG, Registered

     104,917       3,724,677  

Inficon Holding AG, Registered

     9,291       14,102,578  

Interroll Holding AG, Registered

     3,682       10,754,355  

Intershop Holding AG

     9,434       6,768,733  

Julius Baer Group Ltd.

     1,178,411       64,154,342  

Kardex Holding AG, Registered

     31,740       8,061,402  

Komax Holding AG, Registered

     28,167       5,416,492  

Kuehne + Nagel International AG, Registered

     305,866       103,651,758  

Landis+Gyr Group AG

     144,484       11,847,187  

LEM Holding SA, Registered

     2,235       5,107,387  

Leonteq AG

     31,474       1,171,152  

Logitech International SA, Registered

     942,904       79,046,724  

Lonza Group AG, Registered

     423,600       207,100,450  

Medacta Group SA(d)

     29,910       4,476,104  

Medmix AG(d)

     129,949       2,605,154  

Meyer Burger Technology AG(a)(b)

     18,199,135       2,340,844  

Mobilezone Holding AG, Registered

     485,071       7,449,308  

Mobimo Holding AG, Registered

     48,783       14,412,361  

Montana Aerospace AG(a)(d)

     106,040       2,070,692  

Nestle SA, Registered

     15,153,176        1,726,712,386  
Security   Shares     Value  
Switzerland (continued)            

Novartis AG, Registered

     11,629,063     $ 1,202,604,642  

OC Oerlikon Corp. AG, Registered

     1,216,637       5,301,902  

Orior AG

     35,239       2,720,936  

Partners Group Holding AG

     128,516       173,390,569  

PolyPeptide Group AG(a)(b)(d)

     79,127       1,452,418  

PSP Swiss Property AG, Registered

     252,269       33,576,258  

Rieter Holding AG, Registered

     24,191       2,545,169  

Roche Holding AG, Bearer

     174,096       52,738,454  

Roche Holding AG, NVS

     3,995,812       1,137,673,021  

Sandoz Group AG(a)

     2,315,864       79,422,518  

Schindler Holding AG, Participation Certificates, NVS

     228,147       56,828,842  

Schindler Holding AG, Registered

     135,157       32,172,884  

Schweiter Technologies AG, NVS(b)

     6,569       3,603,971  

Sensirion Holding AG(a)(b)(d)

     43,111       3,587,595  

SFS Group AG

     121,316       14,565,151  

SGS SA

     843,152       77,912,159  

Siegfried Holding AG, Registered

     25,120       25,023,231  

Siemens Energy AG(a)(b)

     2,957,314       43,936,714  

SIG Group AG

     1,742,882       36,482,357  

Sika AG, Registered

     868,243       239,685,272  

SKAN Group AG

     56,541       4,988,830  

Softwareone Holding AG

     621,199       11,642,856  

Sonova Holding AG, Registered

     294,829       94,226,320  

St. Galler Kantonalbank AG, Class A, Registered

     16,339       9,455,992  

Stadler Rail AG

     331,793       10,591,373  

STMicroelectronics NV

     3,875,479       170,162,622  

Straumann Holding AG

     640,002       97,217,177  

Sulzer AG, Registered

     128,522       12,415,514  

Swatch Group AG (The), Bearer

     164,400       38,594,355  

Swatch Group AG (The), Registered

     293,968       13,375,261  

Swiss Life Holding AG, Registered

     165,311       118,714,456  

Swiss Prime Site AG, Registered

     418,354       42,373,128  

Swiss Re AG

     1,704,114       195,121,794  

Swisscom AG, Registered

     146,286       87,520,507  

Swissquote Group Holding SA, Registered

     80,875       20,297,433  

Tecan Group AG, Registered

     74,411       28,403,774  

Temenos AG, Registered

     362,820       36,924,335  

TX Group AG

     5,077       764,830  

u-blox Holding AG

     50,588       4,985,791  

UBS Group AG, Registered

     18,632,096       557,707,203  

Valiant Holding AG, Registered

     106,703       12,785,318  

VAT Group AG(d)

     153,799       71,597,866  

Vetropack Holding AG, Class A, Registered

     46,641       2,028,986  

Vontobel Holding AG, Registered

     185,048       12,188,949  

Ypsomed Holding AG, Registered

     34,690       12,245,166  

Zehnder Group AG, Registered

     91,409       5,447,607  

Zurich Insurance Group AG

     828,643       421,024,813  
   

 

 

  
       10,086,202,256  
United Kingdom — 14.2%            

3i Group PLC

     5,494,698       172,011,179  

4imprint Group PLC

     154,550       10,598,107  

888 Holdings PLC(a)

     2,117,156       2,082,064  

abrdn PLC

     11,074,297       23,559,843  

Admiral Group PLC

     1,470,584       46,760,344  

Advanced Medical Solutions Group PLC

     1,997,131       5,302,371  

AG Barr PLC

     640,521       4,610,640  

Airtel Africa PLC(d)

     4,986,462       7,081,716  

AJ Bell PLC

     1,534,278       6,152,053  

Alpha Financial Markets Consulting PLC

     620,760       2,847,815  

Alpha Group International PLC

     171,318       3,570,630  

Alphawave IP Group PLC(a)(b)

     1,311,752       2,152,973  

 

 

30  

2 0 2 4  I 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  

United Kingdom (continued)

    

Anglo American PLC

     7,215,474     $ 172,000,172  

Antofagasta PLC

     2,218,064       48,343,248  

AO World PLC(a)(b)

     2,157,450       2,489,432  

Ascential PLC(a)

     2,437,975       9,390,489  

Ashmore Group PLC

     2,412,879       6,488,741  

Ashtead Group PLC

     2,483,075       162,372,964  

ASOS PLC(a)(b)

     409,628       1,913,290  

Associated British Foods PLC

     1,997,094       59,152,621  

Assura PLC

     16,063,895       9,067,354  

Aston Martin Lagonda Global Holdings PLC(a)(d)

     2,209,220       5,328,654  

AstraZeneca PLC

     8,792,601       1,165,695,252  

Atalaya Mining PLC

     593,661       2,618,167  

Auction Technology Group PLC(a)

     476,832       3,293,377  

Auto Trader Group PLC(d)

     5,233,480       48,147,381  

Aviva PLC

     15,287,987       83,450,606  

B&M European Value Retail SA

     5,308,590       34,791,000  

Babcock International Group PLC

     1,444,685       8,256,725  

BAE Systems PLC

     17,252,097       256,995,244  

Balanced Commercial Property Trust Ltd.

     3,312,420       3,176,855  

Balfour Beatty PLC

     3,432,171       14,440,642  

Bank of Georgia Group PLC

     205,154       9,866,685  

Barclays PLC

     87,208,890       162,062,656  

Barratt Developments PLC

     5,859,611       39,935,177  

Beazley PLC

     3,698,590       25,459,482  

Bellway PLC

     681,512       23,745,325  

Berkeley Group Holdings PLC

     606,783       36,743,518  

Big Yellow Group PLC

     968,747       14,008,101  

Bodycote PLC

     1,085,934       8,756,001  

boohoo Group PLC(a)(b)

     5,659,291       2,609,181  

BP PLC

     97,236,808       567,903,456  

Breedon Group PLC

     1,599,573       7,368,651  

Bridgepoint Group PLC(d)

     927,070       3,158,067  

British American Tobacco PLC

     12,003,559       353,908,199  

British Land Co. PLC (The)

     4,909,996       23,600,971  

Britvic PLC

     1,414,626       15,821,070  

BT Group PLC

     38,245,872       54,184,128  

Bunzl PLC

     1,905,348       77,432,895  

Burberry Group PLC

     2,161,169       35,598,608  

Burford Capital Ltd.

     1,133,174       17,275,942  

Bytes Technology Group PLC

     1,104,108       9,165,886  

C&C Group PLC

     2,312,863       4,502,157  

Capita PLC(a)(b)

     9,485,260       2,291,140  

Capital & Counties Properties PLC

     9,135,265       15,389,181  

Carnival PLC(a)

     810,919       12,183,371  

Centamin PLC

     7,378,020       8,988,081  

Central Asia Metals PLC

     338,656       713,295  

Centrica PLC

     31,644,324       55,379,121  

Ceres Power Holdings PLC(a)(b)

     690,750       2,093,927  

Chemring Group PLC

     1,493,788       6,663,634  

Clarkson PLC

     121,661       5,473,426  

Close Brothers Group PLC

     782,779       5,380,485  

CLS Holdings PLC

     948,147       1,179,191  

Coats Group PLC

     9,171,989       8,322,543  

Coca-Cola Europacific Partners PLC

     1,183,142       81,518,484  

Compass Group PLC

     9,825,087        270,619,756  

Computacenter PLC

     520,557       19,017,626  

ConvaTec Group PLC(d)

     9,053,160       27,552,157  

Craneware PLC

     133,528       3,638,231  

Cranswick PLC

     300,979       15,348,774  

Crest Nicholson Holdings PLC

     1,823,761       4,839,763  

Croda International PLC

     794,277       48,074,875  

Currys PLC

     5,570,505       3,493,042  
Security   Shares     Value  

United Kingdom (continued)

    

Custodian Property Income REIT PLC

     2,260,687     $ 2,043,568  

CVS Group PLC

     460,927       9,860,163  

Darktrace PLC(a)

     1,915,434       8,305,347  

DCC PLC

     555,025       40,349,938  

Deliveroo PLC, Class A(a)(d)

     5,328,301       7,934,255  

Derwent London PLC

     556,627       15,002,119  

Diageo PLC

     12,755,283       460,693,577  

Diploma PLC

     760,420       31,345,830  

Direct Line Insurance Group PLC(a)

     7,323,181       15,627,329  

DiscoverIE Group PLC

     525,005       5,183,118  

Diversified Energy Co. PLC

     280,216       3,231,829  

Domino’s Pizza Group PLC

     2,390,260       10,555,931  

Dowlais Group PLC

     7,556,049       8,631,362  

Dr. Martens PLC

     3,633,838       4,091,527  

Drax Group PLC

     2,413,419       15,574,017  

DS Smith PLC

     7,637,088       27,230,742  

Dunelm Group PLC

     645,442       8,890,952  

easyJet PLC(a)

     1,692,399       11,848,552  

Elementis PLC(a)

     3,676,047       6,588,149  

Empiric Student Property PLC

     1,626,934       1,884,875  

Endeavour Mining PLC

     1,045,253       18,567,771  

Energean PLC

     848,852       10,199,403  

EnQuest PLC(a)

     8,161,254       1,334,216  

Entain PLC

     3,646,979       44,421,636  

Essentra PLC

     1,733,206       3,799,932  

Experian PLC

     5,218,713       217,215,309  

FD Technologies PLC(a)

     98,373       1,563,150  

Ferrexpo PLC

     1,694,602       1,864,090  

Fevertree Drinks PLC

     572,804       7,331,738  

Firstgroup PLC

     3,985,667       8,391,540  

Forterra PLC(d)

     773,830       1,620,075  

Frasers Group PLC(a)

     1,125,169       11,512,158  

Future PLC

     655,667       5,875,525  

Games Workshop Group PLC

     190,011       23,851,338  

Gamma Communications PLC

     490,451       7,421,291  

GB Group PLC

     1,401,632       5,005,581  

Genuit Group PLC

     1,364,958       7,299,649  

Genus PLC

     382,274       11,103,339  

Glencore PLC

     59,687,637       315,804,792  

Grafton Group PLC

     1,231,893       15,173,092  

Grainger PLC

     4,236,630       14,131,424  

Great Portland Estates PLC

     1,562,074       8,219,141  

Greatland Gold PLC(a)

     24,472,976       2,233,052  

Greggs PLC

     601,374       20,257,462  

GSK PLC

     23,185,793       458,562,430  

Gulf Keystone Petroleum Ltd.(b)

     1,139,109       1,510,440  

Haleon PLC

     31,275,877        127,035,205  

Halfords Group PLC

     1,428,598       3,230,944  

Halma PLC

     2,171,819       60,113,966  

Hammerson PLC

     21,982,926       7,501,807  

Harbour Energy PLC

     3,552,375       12,485,308  

Hargreaves Lansdown PLC

     1,982,602       19,130,948  

Hays PLC

     8,557,399       10,648,449  

Helios Towers PLC(a)

     4,024,693       4,034,491  

Hikma Pharmaceuticals PLC

     925,764       22,585,913  

Hill & Smith PLC

     450,093       10,653,980  

Hiscox Ltd.

     1,921,327       25,298,592  

Hochschild Mining PLC(a)

     1,714,075       2,253,553  

Home REIT PLC(c)

     4,179,974       1,511,738  

Howden Joinery Group PLC

     3,088,541       31,277,291  

HSBC Holdings PLC

     110,568,061       863,282,515  

Hunting PLC

     1,032,792       4,299,597  

 

 

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

   31

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

United Kingdom (continued)

    

Ibstock PLC(d)

     2,538,919     $ 4,935,756  

IG Group Holdings PLC

     2,250,984       20,227,645  

IMI PLC

     1,428,304       30,293,682  

Impact Healthcare REIT PLC, Class B

     1,795,835       1,940,015  

Impax Asset Management Group PLC

     465,364       3,199,468  

Imperial Brands PLC

     4,885,682       117,281,419  

Inchcape PLC

     2,140,401       18,430,458  

Indivior PLC, NVS(a)

     749,655       13,177,026  

Informa PLC

     7,780,958       76,421,060  

IntegraFin Holdings PLC

     1,698,237       6,333,280  

InterContinental Hotels Group PLC

     964,811       91,418,795  

Intermediate Capital Group PLC

     1,611,776       36,337,647  

International Distributions Services PLC(a)

     4,153,977       14,571,682  

Intertek Group PLC

     914,866       51,928,404  

Investec PLC

     3,753,083       24,434,505  

IP Group PLC

     5,446,483       3,616,820  

ITM Power PLC(a)(b)

     2,564,147       1,932,881  

ITV PLC(b)

     19,670,541       14,899,653  

IWG PLC(a)

     4,178,060       9,901,127  

J D Wetherspoon PLC(a)

     546,374       5,816,327  

J Sainsbury PLC

     9,537,451       32,562,384  

JD Sports Fashion PLC

     14,568,482       21,528,048  

JET2 PLC

     926,032       15,678,769  

John Wood Group PLC(a)

     3,938,468       7,808,162  

Johnson Matthey PLC

     1,006,146       20,745,699  

Johnson Service Group PLC

     2,359,328       4,371,346  

JTC PLC(d)

     790,161       7,942,694  

Judges Scientific PLC

     31,434       3,664,941  

Jupiter Fund Management PLC

     2,693,060       2,697,910  

Just Group PLC

     5,932,378       6,392,245  

Kainos Group PLC

     455,255       6,617,556  

Keller Group PLC

     479,418       5,310,132  

Keywords Studios PLC(b)

     414,640       8,670,887  

Kier Group PLC(a)

     1,835,654       2,973,043  

Kingfisher PLC

     10,666,517       29,656,383  

Lancashire Holdings Ltd.

     1,318,728       10,144,332  

Land Securities Group PLC

     3,893,103       32,821,587  

Learning Technologies Group PLC

     3,206,997       3,271,013  

Legal & General Group PLC

     33,408,226       107,455,628  

Liontrust Asset Management PLC

     317,216       2,503,840  

Lloyds Banking Group PLC

     363,527,851       194,871,040  

London Stock Exchange Group PLC

     2,406,182       272,172,968  

LondonMetric Property PLC

     5,559,731       13,584,614  

LXI REIT PLC

     8,426,027       11,237,796  

M&G PLC

     12,191,944       34,471,101  

Man Group PLC/Jersey

     7,220,263       21,695,221  

Marks & Spencer Group PLC

     10,946,329       34,199,567  

Marlowe PLC(a)(b)

     440,467       2,093,265  

Marshalls PLC

     1,396,550       4,955,640  

Melrose Industries PLC

     7,609,122       56,714,491  

Mitchells & Butlers PLC(a)

     1,351,262       4,455,807  

Mitie Group PLC

     6,873,673       9,007,182  

Mobico Group PLC

     2,942,935       3,184,601  

Molten Ventures PLC(a)

     758,888       2,294,709  

Mondi PLC, NVS

     2,473,144       44,317,814  

Moneysupermarket.com Group PLC

     2,933,429       9,464,744  

Moonpig Group PLC(a)

     1,505,445       3,185,497  

Morgan Advanced Materials PLC

     1,999,259       6,866,222  

Morgan Sindall Group PLC

     193,537       5,555,354  

National Grid PLC

     20,881,941        278,128,737  

NatWest Group PLC, NVS

     32,473,481       91,644,652  

NCC Group PLC

     1,550,830       2,382,025  
Security   Shares     Value  

United Kingdom (continued)

    

Network International Holdings PLC(a)(d)

     2,770,511     $ 13,601,882  

Next 15 Group PLC(b)

     445,915       5,170,740  

Next PLC

     716,244       76,463,714  

Ninety One PLC

     2,300,581       5,145,905  

NMC Health PLC, NVS(c)

     475,795       6  

Ocado Group PLC(a)

     3,296,460       22,580,450  

OSB Group PLC

     2,303,968       13,110,216  

Oxford Instruments PLC

     300,996       8,468,241  

Oxford Nanopore Technologies PLC(a)

     3,032,374       6,160,214  

Pagegroup PLC

     1,884,619       10,953,102  

Pan African Resources PLC

     9,176,285       2,083,936  

Paragon Banking Group PLC

     1,607,877       14,320,687  

Pearson PLC

     3,638,323       44,634,134  

Pennon Group PLC

     1,404,357       12,503,823  

Persimmon PLC

     1,793,551       33,033,809  

Petrofac Ltd.(a)(b)

     2,418,109       936,355  

Pets at Home Group PLC

     2,804,310       9,958,035  

Phoenix Group Holdings PLC

     4,231,245       27,014,937  

Picton Property Income Ltd.

     1,169,162       991,912  

Playtech PLC(a)

     1,333,377       7,509,422  

Plus500 Ltd.

     556,063       12,576,404  

Polar Capital Holdings PLC

     475,156       2,730,929  

Premier Foods PLC

     3,142,516       5,663,131  

Primary Health Properties PLC

     7,550,982       9,296,634  

PRS REIT PLC (The)

     2,993,073       3,193,809  

Prudential PLC

     15,571,853       159,962,905  

PZ Cussons PLC

     1,806,994       3,050,441  

QinetiQ Group PLC

     3,328,202       15,030,899  

Quilter PLC(d)

     8,186,454       10,871,695  

Rank Group PLC(a)

     1,094,527       976,514  

Rathbones Group PLC

     311,066       6,507,029  

Reckitt Benckiser Group PLC

     4,080,598       295,030,883  

Redde Northgate PLC

     1,541,396       6,934,611  

Redrow PLC

     1,574,036       11,957,219  

RELX PLC

     10,726,572       442,729,163  

Renewi PLC(a)

     363,319       2,702,749  

Renishaw PLC

     212,598       9,402,510  

Rentokil Initial PLC

     14,295,645       73,618,933  

RHI Magnesita NV

     157,367       6,708,867  

Rightmove PLC

     4,711,781       33,346,086  

Rio Tinto PLC

     6,339,498       438,816,337  

Rolls-Royce Holdings PLC(a)

     47,797,861       181,462,191  

Rotork PLC

     4,682,946       18,460,663  

RS GROUP PLC

     2,666,979       26,426,984  

RWS Holdings PLC

     1,699,612       5,117,711  

S4 Capital PLC(a)(b)

     2,042,166       1,138,698  

Safestore Holdings PLC

     1,405,563       14,637,858  

Sage Group PLC (The)

     5,749,318       85,595,394  

Savills PLC

     928,168       11,915,590  

Schroders PLC

     4,935,876       25,252,429  

Segro PLC

     6,730,209       74,746,167  

Serco Group PLC

     6,663,589       14,540,885  

Serica Energy PLC

     1,389,453       3,713,692  

Severn Trent PLC

     1,517,873       49,894,038  

Shell PLC

     37,556,201        1,164,328,901  

SIG PLC(a)

     3,699,446       1,540,109  

Sirius Real Estate Ltd.

     6,003,726       6,908,539  

Smart Metering Systems PLC

     743,413       8,959,632  

Smith & Nephew PLC

     4,905,414       68,602,222  

Smiths Group PLC

     1,974,137       40,457,251  

Softcat PLC

     818,384       14,997,019  

SolGold PLC(a)

     5,483,913       542,082  

 

 

32  

2 0 2 4  I 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  

United Kingdom (continued)

    

Spectris PLC

     572,154     $ 26,635,715  

Spirax-Sarco Engineering PLC

     421,579       53,060,280  

Spire Healthcare Group PLC(d)

     1,048,638       3,142,726  

Spirent Communications PLC

     3,596,644       5,365,341  

SSE PLC

     6,165,652       131,315,638  

SSP Group PLC(a)

     4,494,699       12,791,806  

St. James’s Place PLC

     3,059,731       25,188,631  

Standard Chartered PLC

     13,176,680       99,583,301  

SThree PLC

     693,761       3,589,884  

Supermarket Income REIT PLC

     6,680,627       6,857,752  

Synthomer PLC(a)

     711,002       1,419,650  

Target Healthcare REIT PLC

     3,376,117       3,552,791  

Tate & Lyle PLC

     2,239,865       17,684,362  

Taylor Wimpey PLC

     19,951,567       37,249,411  

TBC Bank Group PLC

     226,212       8,356,679  

Team17 Group PLC(a)

     615,980       2,107,705  

Telecom Plus PLC

     493,684       9,096,891  

Tesco PLC

     40,812,117       147,887,580  

THG PLC, Class B(a)(b)

     4,779,008       3,985,027  

TI Fluid Systems PLC(d)

     1,463,270       2,653,542  

TP ICAP Group PLC

     4,586,153       10,865,799  

Trainline PLC(a)(d)

     2,605,689       10,910,437  

Travis Perkins PLC

     1,188,844       11,858,265  

Tritax Big Box REIT PLC

     10,440,950       21,859,043  

Trustpilot Group PLC(a)(d)

     1,485,756       3,383,569  

TUI AG(a)

     2,469,900       17,016,624  

Tullow Oil PLC(a)

     6,671,711       2,615,007  

Tyman PLC

     667,209       2,591,623  

UK Commercial Property REIT Ltd.

     1,623,129       1,314,780  

Unilever PLC

     14,169,679       689,499,612  

UNITE Group PLC (The)

     2,006,371       25,633,067  

United Utilities Group PLC

     3,827,612       51,553,194  

Urban Logistics REIT PLC

     2,551,227       4,054,396  

Vanquis Banking Group PLC

     1,385,263       2,075,053  

Vesuvius PLC

     1,273,375       7,667,108  

Victoria PLC(a)(b)

     496,218       1,754,512  

Victrex PLC

     475,623       8,215,580  

Virgin Money UK PLC

     7,064,064       13,952,045  

Vistry Group PLC

     1,900,792       24,043,691  

Vodafone Group PLC

     129,610,036       110,186,738  

Volex PLC

     671,614       2,698,103  

Volution Group PLC

     1,044,309       5,717,487  

Warehouse REIT PLC

     1,392,869       1,532,179  

Watches of Switzerland Group
PLC(a)(d)

     1,368,646       6,445,561  

Weir Group PLC (The)

     1,440,170       33,103,626  

WH Smith PLC

     751,490       11,483,690  

Whitbread PLC

     1,121,360       50,828,939  

Wickes Group PLC

     1,269,021       2,517,931  

Wincanton PLC

     670,317       3,664,973  

Wise PLC, Class A(a)

     3,479,116       35,486,645  

Workspace Group PLC

     771,450       5,074,374  

WPP PLC

     6,067,147       58,672,288  

Yellow Cake PLC(a)(d)

     1,206,915       10,607,253  

YouGov PLC

     565,620       8,350,841  

Young & Co’s Brewery PLC, Series A, Class A(b)

     118,737       1,542,373  
   

 

 

  
      15,131,580,996  
   

 

 

  

Total Common Stocks — 99.1%
(Cost: $93,469,635,444)

        105,376,077,784  
   

 

 

  
Security   Shares     Value  

Preferred Stocks

    

Germany — 0.4%

    

Bayerische Motoren Werke AG, Preference Shares, NVS

     378,111     $ 36,945,406  

Dr Ing hc F Porsche AG, Preference Shares, NVS(d)

     658,679       55,923,120  

Draegerwerk AG & Co. KGaA, Preference Shares, NVS

     61,472       3,159,744  

Einhell Germany AG, Preference Shares, NVS

     1,029       173,478  

Fuchs Petrolub SE, Preference Shares, NVS

     395,339       17,329,102  

Henkel AG & Co. KGaA, Preference Shares, NVS

     994,660       76,249,165  

Jungheinrich AG, Preference Shares, NVS

     292,846       9,857,015  

Porsche Automobil Holding SE, Preference Shares, NVS

     886,003       44,232,776  

Sartorius AG, Preference Shares, NVS

     150,000       54,720,373  

Schaeffler AG, Preference Shares, NVS

     572,272       3,616,366  

Sixt SE, Preference Shares, NVS

     82,638       5,659,471  

STO SE & Co. KGaA, Preference Shares, NVS

     9,397       1,488,773  

Volkswagen AG, Preference Shares, NVS

     1,165,750       149,932,966  
   

 

 

  
      459,287,755  
Italy — 0.0%            

Danieli & C Officine Meccaniche SpA, Preference Shares, NVS

     159,495       3,871,167  
   

 

 

  

Total Preferred Stocks — 0.4%
(Cost: $534,546,781)

       463,158,922  
   

 

 

  

Rights

    
Spain — 0.0%            

ACS Actividades de Construccion y Servicios SA, (Expires 02/09/24)(a)

     1,264,312       579,329  
   

 

 

  

Total Rights — 0.0%
(Cost: $628,000)

       579,329  
   

 

 

  

Warrants

    
Australia — 0.0%            

PointsBet Holdings Ltd. (Issued/Exercisable 06/20/22, 1 Share for 1 Warrant, Expires 07/08/24, Strike Price AUD 10.00)

     53,565       —  
   

 

 

  
Italy — 0.0%            

Webuild SpA (Issued/Exercisable 08/02/21, 1 Share for 1 Warrant, Expires 08/31/30, Strike Price EUR 0.001)(b)

     127,842       1  
   

 

 

  
Spain — 0.0%            

Abengoa SA (Issued 03/31/17, Exercisable 06/30/17, 1 Share for 1 Warrant, Expires 03/31/25, Strike Price EUR 0.001)(a)(b)(c)

     1,476,448       16  
   

 

 

  

Total Warrants — 0.0%
(Cost: $—)

       17  
   

 

 

  

Total Long-Term Investments — 99.5%
(Cost: $94,004,810,225)

       105,839,816,052  
   

 

 

  

Short-Term Securities

    
Money Market Funds — 0.7%            

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(f)(g)(h)

     736,431,065        736,872,924  

 

 

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

   33

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI EAFE ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

 

  
Money Market Funds (continued)            

BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(f)(g)

     28,240,000     $ 28,240,000  
   

 

 

  

Total Short-Term Securities — 0.7%
(Cost: $764,644,913)

       765,112,924  
   

 

 

  

Total Investments — 100.2%
(Cost: $94,769,455,138)

       106,604,928,976  

Liabilities in Excess of Other Assets — (0.2)%

 

     (240,013,403 ) 
   

 

 

  

Net Assets — 100.0%

     $  106,364,915,573  
   

 

 

  

 

(a)

Non-income producing security.

(b) 

All or a portion of this security is on loan.

(c) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(d) 

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.

(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.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the six months ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer  

Value at

07/31/23

    

Purchases

at Cost

    

Proceeds

from Sale

    

Net Realized

Gain (Loss)

    

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

01/31/24

    

Shares

Held at

01/31/24

     Income    

Capital

Gain

Distributions

from

Underlying

Funds

  

 

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ 721,911,207     $ 14,736,886 (a)    $ —     $ 117,375     $ 107,456     $ 736,872,924       736,431,065     $ 6,651,361 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     8,520,000       19,720,000 (a)      —       —       —       28,240,000       28,240,000       1,484,551       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ 117,375     $ 107,456     $ 765,112,924       $  8,135,912     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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

           

TOPIX Index

     772        03/07/24      $ 132,503      $ 7,796,806  

Euro STOXX 50 Index

     3,724        03/15/24        187,231        4,391,158  

FTSE 100 Index

     1,028        03/15/24        99,008        392,405  

SPI 200 Index

     518        03/21/24        64,199        931,037  
          

 

 

  
           $ 13,511,406  
          

 

 

  

 

 

34  

2 0 2 4  I 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

 

Derivative Financial Instruments Categorized by Risk Exposure

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

     

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Assets — Derivative Financial Instruments

                    

Futures contracts

                    

Unrealized appreciation on futures contracts(a)

   $ —      $ —      $ 13,511,406      $ —      $ —      $ —      $ 13,511,406  
 

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss).

 

For the period ended January 31, 2024, the effect of derivative financial instruments in the Statements of Operations was as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

    

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Net Realized Gain (Loss) from

                   

Futures contracts

   $ —      $ —      $ 22,814,275     $ —      $ —      $ —      $ 22,814,275  
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Net Change in Unrealized Appreciation (Depreciation) on

                   

Futures contracts

   $ —      $ —      $ (934,212 )    $ —      $ —      $ —      $ (934,212 ) 
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Average Quarterly Balances of Outstanding Derivative Financial Instruments

 

   

Futures contracts:

  

Average notional value of contracts — long

   $ 545,197,976   

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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

   $ 2,392,454,652              $ 102,976,047,829              $ 7,575,303              $ 105,376,077,784  

Preferred Stocks

     1,662,251          461,496,671          —          463,158,922  

Rights

     579,329          —          —          579,329  

Warrants

     —          1          16          17  

Short-Term Securities

                 

Money Market Funds

     765,112,924          —          —          765,112,924  
 

 

 

       

 

 

       

 

 

       

 

 

  
  $  3,159,809,156        $ 103,437,544,501        $  7,575,319        $  106,604,928,976  
 

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                 

Assets

                 

Equity Contracts

   $ —        $ 13,511,406        $ —        $ 13,511,406  
 

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

See notes to financial statements.

 

 

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

   35

Schedule of Investments (unaudited)

January 31, 2024

   

iShares® Core MSCI Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Austria — 0.5%

    

ams-OSRAM AG(a)

     391,383     $ 916,007  

ANDRITZ AG

     23,192       1,427,757  

AT&S Austria Technologie & Systemtechnik AG(b)

     11,661       281,712  

BAWAG Group AG(c)

     29,848       1,536,771  

CA Immobilien Anlagen AG

     14,564       478,108  

Erste Group Bank AG

     118,853       5,119,997  

Immofinanz AG(a)

     15,857       376,365  

Lenzing AG(a)

     6,844       228,916  

Oesterreichische Post AG(b)

     18,595       629,320  

OMV AG

     53,727       2,391,464  

Raiffeisen Bank International AG

     51,923       1,082,556  

Schoeller-Bleckmann Oilfield Equipment AG

     7,045       334,620  

UNIQA Insurance Group AG

     105,330       883,764  

Verbund AG

     26,330       2,141,111  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     18,378       519,430  

voestalpine AG

     44,967       1,337,845  

Wienerberger AG

     47,403       1,606,391  
   

 

 

  
      21,292,134  
Belgium — 1.6%            

Ackermans & van Haaren NV

     8,190       1,369,410  

Aedifica SA

     16,895       1,100,951  

Ageas SA/NV

     54,269       2,332,047  

Anheuser-Busch InBev SA/NV

     300,318        18,576,948  

Argenx SE(a)

     20,608       7,782,241  

Barco NV

     28,769       477,922  

Bekaert SA

     18,580       906,202  

bpost SA

     37,589       153,634  

Cofinimmo SA

     12,188       885,791  

Colruyt Group NV

     18,221       832,481  

D’ieteren Group

     8,438       1,704,581  

Elia Group SA/NV

     10,965       1,320,244  

Euronav NV

     39,606       697,676  

Fagron

     38,763       697,982  

Galapagos NV(a)

     19,900       746,503  

Groupe Bruxelles Lambert NV(b)

     31,665       2,400,514  

Intervest Offices & Warehouses NV

     12,838       288,580  

KBC Ancora

     15,842       729,648  

KBC Group NV

     85,547       5,580,367  

Kinepolis Group NV

     6,065       268,501  

Lotus Bakeries NV

     150       1,279,009  

Melexis NV

     9,182       786,744  

Montea NV

     6,290       539,900  

Ontex Group NV(a)(b)

     27,509       217,367  

Proximus SADP

     52,209       495,428  

Sofina SA

     5,285       1,263,977  

Solvay SA

     29,416       804,483  

Syensqo SA(a)

     25,935       2,312,026  

UCB SA

     44,127       4,150,836  

Umicore SA

     70,445       1,602,374  

VGP NV

     4,974       583,395  

Warehouses De Pauw CVA

     64,391       1,883,897  
   

 

 

  
      64,771,659  
Denmark — 5.3%            

ALK-Abello A/S(a)

     48,965       790,142  

Alm Brand A/S

     288,566       523,854  

Ambu A/S, Class B(a)(b)

     72,258       1,198,546  

AP Moller - Maersk A/S, Class A

     1,129       2,047,182  

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

     1,652       3,045,956  

Bavarian Nordic A/S(a)(b)

     27,529       632,430  
Security   Shares     Value  
Denmark (continued)            

Carlsberg A/S, Class B

     33,067     $ 4,254,646  

Chemometec A/S(b)

     7,299       394,780  

Coloplast A/S, Class B

     46,667       5,379,385  

D/S Norden A/S

     8,930       480,494  

Danske Bank A/S

     236,595       6,352,920  

Demant A/S(a)

     35,589       1,612,142  

Dfds A/S

     14,325       485,334  

DSV A/S

     65,310       11,684,594  

FLSmidth & Co. A/S

     17,902       734,974  

Genmab A/S(a)

     23,009       6,362,495  

GN Store Nord A/S(a)

     47,565       1,121,702  

H Lundbeck A/S

     123,361       624,817  

H Lundbeck A/S, Class A

     30,838       136,067  

ISS A/S

     58,325       1,103,624  

Jyske Bank A/S, Registered

     19,810       1,517,379  

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

     16,456       656,404  

NKT A/S(a)(b)

     21,404       1,492,371  

Novo Nordisk A/S

     1,135,524        129,795,372  

Novozymes A/S, Class B

     124,507       6,379,841  

Orsted A/S(c)

     64,235       3,620,590  

Pandora A/S

     30,093       4,397,096  

Per Aarsleff Holding A/S

     11,532       530,816  

Ringkjoebing Landbobank A/S

     11,680       1,882,510  

Rockwool A/S, Class B

     3,428       934,565  

Royal Unibrew A/S

     17,548       1,149,491  

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

     20,066       359,862  

Schouw & Co. A/S

     6,777       541,890  

Spar Nord Bank A/S

     42,984       731,335  

Sydbank A/S

     25,245       1,120,352  

Topdanmark A/S

     13,838       613,691  

Tryg A/S

     117,568       2,512,912  

Vestas Wind Systems A/S(a)

     349,551       9,855,594  

Zealand Pharma A/S, Class A(a)

     19,610       1,339,591  
   

 

 

  
      218,397,746  
Finland — 1.7%            

Cargotec OYJ, Class B

     15,352       872,763  

Elisa OYJ

     50,486       2,300,216  

Fortum OYJ

     156,247       2,135,919  

Huhtamaki OYJ

     37,234       1,461,357  

Kemira OYJ

     49,030       917,708  

Kesko OYJ, Class B

     93,339       1,822,874  

Kojamo OYJ

     49,243       583,796  

Kone OYJ, Class B

     115,372       5,711,064  

Konecranes OYJ

     25,572       1,098,228  

Mandatum OYJ(a)

     160,021       722,506  

Metsa Board OYJ, Class B

     79,014       636,395  

Metso OYJ

     243,030       2,428,996  

Neste OYJ

     146,805       5,061,031  

Nokia OYJ

     1,900,153       6,869,477  

Nokian Renkaat OYJ

     46,796       421,741  

Nordea Bank Abp

     1,110,293       13,681,465  

Orion OYJ, Class B

     41,882       1,928,151  

Outokumpu OYJ

     133,725       570,834  

QT Group OYJ(a)(b)

     8,536       602,091  

Revenio Group OYJ

     12,037       330,479  

Sampo OYJ, Class A

     151,514       6,341,685  

Stora Enso OYJ, Class R

     201,152       2,559,612  

TietoEVRY OYJ

     44,281       1,027,562  

Tokmanni Group Corp

     30,021       514,768  

UPM-Kymmene OYJ

     188,554       6,858,128  

Valmet OYJ

     59,375       1,680,532  

 

 

36  

2 0 2 4  I 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 Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Finland (continued)

    

Wartsila OYJ Abp

     166,017     $ 2,449,008  
   

 

 

  
      71,588,386  
France — 16.9%            

Accor SA

     69,680       2,751,907  

Aeroports de Paris SA

     10,972       1,468,161  

Air France-KLM, NVS(a)

     44,783       570,811  

Air Liquide SA

     182,102        34,077,348  

Airbus SE

     207,025       32,976,152  

Alstom SA

     99,903       1,259,817  

Alten SA

     10,976       1,697,111  

Amundi SA(c)

     20,596       1,393,064  

Aperam SA

     18,117       558,296  

ArcelorMittal SA

     178,199       4,907,603  

Arkema SA

     21,356       2,324,237  

Atos SE(a)(b)

     46,006       196,396  

AXA SA

     626,848       21,040,347  

BioMerieux

     14,676       1,579,552  

BNP Paribas SA

     365,281       24,541,100  

Bollore SE

     278,014       1,836,291  

Bouygues SA

     73,432       2,690,004  

Bureau Veritas SA

     106,743       2,839,244  

Capgemini SE

     53,995       12,004,243  

Carmila SA

     22,603       401,633  

Carrefour SA

     209,706       3,580,163  

CGG SA(a)

     389,420       186,762  

Cie. de Saint-Gobain

     160,061       11,317,358  

Cie. Generale des Etablissements Michelin SCA

     231,305       7,679,942  

Cie. Plastic Omnium SA

     24,609       282,055  

Clariane SE(b)

     27,855       70,394  

Coface SA

     54,844       741,095  

Covivio SA/France

     18,730       906,980  

Credit Agricole SA

     366,858       5,255,186  

Danone SA

     224,213       14,937,881  

Dassault Aviation SA

     7,127       1,349,913  

Dassault Systemes SE

     232,067       12,029,951  

Edenred SE

     88,573       5,290,331  

Eiffage SA

     25,740       2,693,180  

Elis SA

     82,909       1,822,909  

Engie SA

     629,079       10,047,946  

Esker SA(b)

     3,034       509,497  

EssilorLuxottica SA

     102,716       20,129,563  

Eurazeo SE

     16,113       1,372,509  

Euroapi SA(a)

     25,107       167,794  

Eurofins Scientific SE

     48,036       2,892,573  

Euronext NV(c)

     29,816       2,622,531  

Eutelsat Communications SACA(a)(b)

     64,194       234,139  

Fnac Darty SA

     8,404       224,513  

Forvia SE(a)

     54,904       943,648  

Gaztransport Et Technigaz SA

     14,161       1,985,337  

Gecina SA

     15,763       1,738,447  

Getlink SE

     125,190       2,157,159  

Hermes International SCA

     10,994       23,193,592  

ICADE

     11,293       382,338  

Imerys SA

     15,108       502,435  

Interparfums SA

     11,094       586,987  

Ipsen SA

     13,434       1,548,928  

IPSOS SA

     17,596       1,154,838  

JCDecaux SE(a)

     27,076       562,377  

Kering SA

     25,572       10,504,297  

Klepierre SA

     75,162       1,945,995  

La Francaise des Jeux SAEM(c)

     39,366       1,595,646  

Legrand SA

     92,233       8,938,817  
Security   Shares     Value  

France (continued)

    

L’Oreal SA

     83,694     $ 40,052,100  

LVMH Moet Hennessy Louis Vuitton SE

     95,544       79,498,201  

Neoen SA(c)

     24,893       719,733  

Nexans SA

     11,555       1,051,716  

Nexity SA

     20,049       334,182  

Orange SA

     630,999       7,503,791  

Pernod Ricard SA

     71,567       11,735,954  

Publicis Groupe SA

     80,422       8,057,764  

Quadient SA

     17,333       367,234  

Remy Cointreau SA

     8,081       818,800  

Renault SA

     66,183       2,492,431  

Rexel SA

     90,397       2,407,568  

Rubis SCA

     37,852       957,145  

Safran SA

     119,043       22,226,382  

Sanofi SA

     396,069       39,664,542  

Sartorius Stedim Biotech

     9,561       2,576,089  

Schneider Electric SE

     189,553       37,237,685  

SCOR SE

     51,800       1,545,254  

SEB SA

     8,940       1,091,666  

SES SA, Class A

     143,892       882,854  

Societe BIC SA

     9,575       662,518  

Societe Generale SA

     250,771       6,446,073  

Sodexo SA

     31,023       3,499,672  

SOITEC(a)

     9,349       1,351,202  

Sopra Steria Group SACA

     6,639       1,557,205  

SPIE SA

     52,035       1,721,191  

Teleperformance SE

     20,429       3,190,479  

Thales SA

     36,555       5,346,317  

TotalEnergies SE

     801,965       52,027,948  

Trigano SA

     4,689       738,613  

Ubisoft Entertainment SA(a)

     31,848       702,506  

Unibail-Rodamco-Westfield, New(a)

     42,343       3,031,958  

Valeo SE

     78,413       1,023,489  

Vallourec SACA(a)

     60,583       866,712  

Valneva SE(a)

     51,225       208,816  

Veolia Environnement SA

     239,745       7,811,813  

Verallia SA(c)

     29,095       1,026,016  

Vicat SACA

     14,302       556,427  

Vinci SA

     177,264       22,392,390  

Virbac SACA

     2,271       819,578  

Vivendi SE

     241,099       2,717,079  

VusionGroup(a)

     2,830       420,201  

Wendel SE

     9,495       860,841  

Worldline SA/France(a)(c)

     85,606       1,157,264  
   

 

 

  
       696,556,722  
Germany — 11.6%            

adidas AG

     55,895       10,552,305  

AIXTRON SE

     40,032       1,489,920  

Allianz SE, Registered

     139,203       37,191,694  

Amadeus Fire AG

     3,793       458,210  

Aroundtown SA(a)

     299,520       668,150  

Aurubis AG

     12,123       872,047  

Auto1 Group SE(a)(c)

     38,087       158,457  

BASF SE

     309,746       14,807,095  

Bayer AG, Registered

     342,652       10,662,170  

Bayerische Motoren Werke AG

     112,351       11,690,469  

Bechtle AG

     30,328       1,572,593  

Befesa SA(c)

     15,804       555,368  

Beiersdorf AG

     34,893       5,106,229  

Bilfinger SE

     17,024       721,692  

Brenntag SE

     49,452       4,372,051  

CANCOM SE

     15,832       502,564  

 

 

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

   37

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Germany (continued)

    

Carl Zeiss Meditec AG, Bearer

     14,355     $ 1,513,185  

Commerzbank AG

     379,004       4,352,327  

CompuGroup Medical SE & Co. KgaA

     12,152       521,013  

Continental AG

     39,111       3,195,003  

Covestro AG(a)(c)

     68,120       3,597,109  

CropEnergies AG

     11,876       147,726  

CTS Eventim AG & Co. KGaA

     23,765       1,608,348  

Daimler Truck Holding AG

     185,763       6,638,642  

Delivery Hero SE(a)(c)

     61,396       1,393,031  

Dermapharm Holding SE

     9,274       394,475  

Deutsche Bank AG, Registered

     665,178       8,592,587  

Deutsche Boerse AG

     65,456       13,034,885  

Deutsche Lufthansa AG, Registered(a)

     213,044       1,771,540  

Deutsche Pfandbriefbank AG(b)(c)

     58,720       353,382  

Deutsche Post AG, Registered

     343,721       16,462,225  

Deutsche Telekom AG, Registered

     1,127,740        27,683,546  

Duerr AG

     21,810       498,652  

E.ON SE

     780,936       10,565,499  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     7,500       373,022  

Encavis AG(a)

     43,914       611,385  

Evonik Industries AG

     74,191       1,364,828  

Evotec SE(a)

     55,765       853,043  

Fielmann Group AG

     8,797       457,729  

flatexDEGIRO AG(a)

     25,091       274,372  

Fraport AG Frankfurt Airport Services Worldwide(a)

     13,565       796,157  

Freenet AG

     53,040       1,465,638  

Fresenius Medical Care AG & Co. KGaA(b)

     70,642       2,730,285  

Fresenius SE & Co. KGaA

     148,586       4,171,230  

GEA Group AG

     54,257       2,172,941  

Gerresheimer AG

     12,668       1,291,489  

Grand City Properties SA(a)

     36,694       356,179  

GRENKE AG(b)

     10,773       260,893  

Hannover Rueck SE

     20,443       4,900,532  

Heidelberg Materials AG

     49,273       4,550,088  

HelloFresh SE(a)

     56,259       744,011  

Henkel AG & Co. KGaA

     36,358       2,486,547  

Hensoldt AG

     18,394       552,204  

Hornbach Holding AG & Co. KGaA

     4,903       352,030  

Hugo Boss AG

     21,221       1,325,349  

Hypoport SE(a)(b)

     1,519       322,654  

Infineon Technologies AG

     455,016       16,588,483  

Jenoptik AG

     24,127       753,467  

K+S AG, Registered

     66,873       937,976  

KION Group AG

     24,518       1,118,632  

Knorr-Bremse AG

     23,863       1,473,925  

Kontron AG

     15,800       366,409  

Krones AG

     6,244       773,787  

LANXESS AG(b)

     30,464       813,277  

LEG Immobilien SE(a)

     26,055       2,162,035  

Mercedes-Benz Group AG

     279,336       18,858,749  

Merck KGaA

     44,879       7,363,544  

METRO AG(a)

     73,037       492,267  

MorphoSys AG(a)(b)

     12,620       528,548  

MTU Aero Engines AG

     19,175       4,408,911  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered

     46,945       19,985,375  

Nagarro SE(a)

     4,240       414,408  

Nemetschek SE

     20,302       1,873,339  

Nordex SE(a)(b)

     51,457       525,030  

Norma Group SE

     13,542       220,221  

Patrizia SE(b)

     19,694       168,029  

Pfeiffer Vacuum Technology AG

     2,166       363,440  
Security   Shares     Value  

Germany (continued)

    

ProSiebenSat.1 Media SE(b)

     59,528     $ 418,762  

Puma SE

     36,210       1,457,228  

Rational AG

     1,801       1,383,502  

Redcare Pharmacy NV(a)(c)

     6,304       877,487  

Rheinmetall AG

     15,197       5,321,545  

RWE AG

     221,329       8,172,711  

Salzgitter AG

     13,448       375,084  

SAP SE

     362,176       62,745,752  

Scout24 SE(c)

     29,340       2,160,313  

Siemens AG, Registered

     263,972       47,257,282  

Siemens Healthineers AG(c)

     97,133       5,405,571  

Siltronic AG

     8,101       761,398  

Sixt SE(b)

     5,740       559,397  

SMA Solar Technology AG(a)

     6,467       331,692  

Stabilus SE

     11,320       793,231  

Stratec SE(b)

     4,850       221,449  

Stroeer SE & Co. KGaA

     12,140       712,765  

Suedzucker AG

     27,264       384,803  

Symrise AG, Class A

     45,716       4,716,689  

Synlab AG, NVS

     30,725       330,285  

TAG Immobilien AG(a)

     64,532       903,244  

Talanx AG(a)

     21,845       1,532,667  

TeamViewer SE(a)(c)

     53,589       768,286  

thyssenkrupp AG

     183,964       1,135,368  

United Internet AG, Registered

     34,453       905,515  

Varta AG(a)(b)

     7,979       149,906  

VERBIO Vereinigte BioEnergie AG

     9,370       204,966  

Vitesco Technologies Group AG(a)

     2,778       242,780  

Volkswagen AG

     9,633       1,359,997  

Vonovia SE

     256,140       7,979,364  

Vossloh AG

     7,357       326,342  

Wacker Chemie AG

     6,420       696,061  

Zalando SE(a)(c)

     78,353       1,564,445  
   

 

 

  
       478,462,534  
Ireland — 1.3%            

AIB Group PLC

     574,992       2,525,608  

Bank of Ireland Group PLC

     369,425       3,397,225  

Cairn Homes PLC

     509,861       782,293  

CRH PLC

     250,193       17,749,096  

Dalata Hotel Group PLC

     108,018       560,912  

Flutter Entertainment PLC(a)

     61,794       12,683,596  

Glanbia PLC

     82,153       1,468,467  

Kerry Group PLC, Class A

     58,039       5,173,248  

Kingspan Group PLC

     56,989       4,628,452  

Smurfit Kappa Group PLC

     94,555       3,523,572  
   

 

 

  
      52,492,469  
Italy — 4.2%            

A2A SpA

     668,156       1,324,728  

ACEA SpA

     21,515       339,520  

Amplifon SpA

     44,668       1,457,897  

Anima Holding SpA(c)

     127,015       573,276  

Ascopiave SpA

     78,734       191,022  

Assicurazioni Generali SpA

     344,313       7,680,562  

Azimut Holding SpA

     45,682       1,273,555  

Banca Generali SpA

     27,485       1,047,808  

Banca Mediolanum SpA

     103,743       1,061,677  

Banca Monte dei Paschi di Siena SpA(a)

     288,455       1,012,401  

Banca Popolare di Sondrio SpA

     127,798       971,010  

Banco BPM SpA

     428,984       2,314,494  

BFF Bank SpA(c)

     81,248       878,018  

BPER Banca

     398,779       1,438,341  

 

 

38  

2 0 2 4  I 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 Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Italy (continued)

    

Brembo SpA

     63,590     $ 783,226  

Brunello Cucinelli SpA

     13,281       1,316,637  

Buzzi SpA

     35,250       1,198,147  

Credito Emiliano SpA

     63,094       573,550  

De’ Longhi SpA

     30,552       989,553  

DiaSorin SpA

     8,634       793,974  

Enav SpA(c)

     94,653       350,303  

Enel SpA

     2,811,157       19,181,581  

Eni SpA

     835,502       13,319,021  

ERG SpA

     24,837       728,283  

Ferrari NV

     44,295       15,447,312  

FinecoBank Banca Fineco SpA

     214,801       3,097,078  

GVS SpA(a)(c)

     28,587       182,324  

Hera SpA

     392,364       1,382,152  

Infrastrutture Wireless Italiane SpA(c)

     134,758       1,629,497  

Interpump Group SpA

     27,070       1,338,109  

Intesa Sanpaolo SpA

     5,365,289       16,532,030  

Iren SpA

     371,729       780,174  

Italgas SpA

     183,043       1,043,601  

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

     87,594       212,991  

Leonardo SpA

     145,552       2,540,474  

Mediobanca Banca di Credito Finanziario SpA

     199,974       2,648,456  

Moncler SpA

     73,622       4,528,984  

Nexi SpA(a)(c)

     206,666       1,585,224  

Pirelli & C SpA(c)

     152,987       829,101  

Poste Italiane SpA(c)

     183,660       1,991,544  

Prysmian SpA

     94,215       4,146,386  

Recordati Industria Chimica e Farmaceutica SpA

     37,314       2,059,519  

Reply SpA

     9,266       1,270,465  

Saipem SpA(a)

     421,814       605,058  

Salvatore Ferragamo SpA(b)

     24,572       313,407  

Snam SpA

     725,466       3,543,135  

Stellantis NV

     774,017       17,048,997  

Tamburi Investment Partners SpA

     58,115       567,469  

Technogym SpA(c)

     72,691       719,841  

Telecom Italia SpA/Milano(a)(b)

     3,583,991       1,080,241  

Tenaris SA, NVS

     174,448       2,755,282  

Terna - Rete Elettrica Nazionale

     478,132       4,031,632  

Tod’s SpA(a)

     5,212       191,070  

UniCredit SpA

     559,433       16,386,943  

Unipol Gruppo SpA

     177,869       1,104,497  
   

 

 

  
      172,391,577  
Netherlands — 7.1%            

Aalberts NV

     37,100       1,475,404  

ABN AMRO Bank NV, CVA(c)

     141,829       2,087,352  

Adyen NV(a)(c)

     7,582       9,509,243  

Aegon Ltd

     582,608       3,437,059  

AerCap Holdings NV(a)

     70,562       5,402,227  

Akzo Nobel NV

     59,194       4,546,837  

Alfen NV(a)(b)(c)

     8,769       530,292  

Allfunds Group PLC

     127,890       916,868  

Arcadis NV

     29,981       1,646,000  

ASM International NV

     16,386       9,081,672  

ASML Holding NV

     140,128        121,573,355  

ASR Nederland NV

     55,125       2,597,848  

Basic-Fit NV(a)(b)(c)

     22,636       655,417  

BE Semiconductor Industries NV

     27,016       4,059,918  

Corbion NV

     30,521       591,019  

Davide Campari-Milano NV

     214,100       2,169,097  

EXOR NV, NVS(b)

     32,299       3,125,009  

Ferrovial SE

     176,769       6,741,126  

Flow Traders Ltd., NVS

     14,000       251,457  
Security   Shares     Value  

Netherlands (continued)

    

Fugro NV(a)

     45,738     $ 844,453  

Heineken Holding NV

     45,220       3,794,303  

Heineken NV

     100,515       10,111,357  

IMCD NV

     19,846       3,029,308  

ING Groep NV

     1,254,382       17,822,843  

InPost SA(a)

     70,146       1,053,580  

Iveco Group NV(a)

     64,673       690,149  

JDE Peet’s NV

     34,297       846,634  

Just Eat Takeaway.com NV(a)(b)(c)

     66,838       1,009,212  

Koninklijke Ahold Delhaize NV

     334,019       9,393,667  

Koninklijke KPN NV

     1,182,050       4,021,027  

Koninklijke Philips NV(a)

     272,760       5,770,390  

Koninklijke Vopak NV

     26,210       818,765  

NN Group NV

     92,765       3,802,273  

NSI NV

     13,151       281,403  

OCI NV

     40,560       1,158,555  

Pharming Group NV(a)

     350,203       441,495  

PostNL NV

     157,770       229,902  

Prosus NV

     511,273       15,211,229  

Qiagen NV, NVS

     77,268       3,352,423  

Randstad NV

     38,034       2,162,621  

SBM Offshore NV

     59,807       761,395  

Signify NV(c)

     43,963       1,318,215  

Technip Energies NV

     53,408       1,105,577  

TKH Group NV

     18,597       748,859  

TomTom NV(a)(b)

     34,225       231,734  

Universal Music Group NV

     286,848       8,455,626  

Wolters Kluwer NV

     86,193       12,706,317  
   

 

 

  
       291,570,512  
Norway — 1.4%            

Adevinta ASA(a)

     109,339       1,174,766  

Aker ASA, Class A

     14,427       857,277  

Aker BP ASA

     122,943       3,263,101  

Aker Carbon Capture ASA(a)(b)

     169,574       167,189  

Atea ASA

     48,767       650,088  

Austevoll Seafood ASA

     48,847       354,105  

Bakkafrost P/F

     19,356       1,080,997  

Borr Drilling Ltd.(b)

     84,784       525,292  

Borregaard ASA

     45,121       769,660  

BW Offshore Ltd.

     74,163       170,084  

Cadeler AS(a)

     21,998       101,192  

Crayon Group Holding ASA(a)(b)(c)

     39,083       328,563  

DNB Bank ASA

     325,899       6,335,382  

DOF Group ASA(a)

     35,151       189,747  

Elkem ASA(b)(c)

     226,692       470,388  

Entra ASA(b)(c)

     31,182       341,550  

Equinor ASA

     318,075       9,102,379  

Frontline PLC, NVS

     52,959       1,183,774  

Gjensidige Forsikring ASA

     72,879       1,172,220  

Golden Ocean Group Ltd.

     51,965       547,984  

Hafnia Ltd.(b)

     107,210       779,616  

Kongsberg Gruppen ASA

     35,360       1,802,064  

Leroy Seafood Group ASA

     103,342       415,055  

Mowi ASA

     154,242       2,776,406  

MPC Container Ships ASA

     128,621       193,344  

NEL ASA(a)(b)

     849,629       424,184  

Nordic Semiconductor ASA(a)(b)

     60,560       608,106  

Norsk Hydro ASA

     484,877       2,841,623  

Norwegian Air Shuttle ASA(a)(b)

     246,559       301,868  

Nykode Therapeutics ASA(a)(b)

     67,343       115,704  

Orkla ASA

     269,048       2,107,487  

REC Silicon ASA(a)(b)

     137,222       160,338  

 

 

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

   39

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Norway (continued)

    

Salmar ASA

     26,818     $ 1,488,678  

Scatec ASA(a)(c)

     46,578       346,338  

Schibsted ASA, Class A

     30,566       937,672  

Schibsted ASA, Class B

     33,769       969,026  

Seadrill Ltd.(a)(b)

     12,680       545,781  

SpareBank 1 SMN

     65,015       885,154  

SpareBank 1 SR-Bank ASA

     62,821       761,851  

Storebrand ASA

     162,495       1,461,019  

Subsea 7 SA

     87,972       1,185,685  

Telenor ASA

     223,434       2,479,236  

TGS ASA

     50,339       490,189  

TOMRA Systems ASA

     83,388       837,614  

Veidekke ASA

     50,102       457,324  

Yara International ASA

     57,673       1,906,245  
   

 

 

  
       56,063,345  
Portugal — 0.3%            

Banco Comercial Portugues SA, Class R(a)

     3,270,897       951,492  

EDP - Energias de Portugal SA

     1,121,827       5,003,838  

Galp Energia SGPS SA

     172,349       2,713,074  

Jeronimo Martins SGPS SA

     94,753       2,154,998  

Navigator Co. SA (The)

     142,787       588,359  

REN - Redes Energeticas Nacionais SGPS SA

     336,408       826,547  

Sonae SGPS SA

     475,845       460,013  
   

 

 

  
      12,698,321  
Spain — 3.8%            

Acciona SA

     8,784       1,136,252  

Acerinox SA

     66,577       702,866  

ACS Actividades de Construccion y Servicios SA

     75,121       2,964,312  

Aena SME SA(c)

     25,303       4,476,282  

Amadeus IT Group SA

     157,036       11,005,141  

Applus Services SA

     57,849       699,570  

Banco Bilbao Vizcaya Argentaria SA

     2,073,973       19,411,219  

Banco de Sabadell SA

     2,013,815       2,613,803  

Banco Santander SA

     5,623,931       22,602,912  

Bankinter SA

     225,453       1,391,974  

CaixaBank SA

     1,429,372       6,094,828  

Cellnex Telecom SA(c)

     197,547       7,601,088  

Cia. de Distribucion Integral Logista Holdings SA

     29,650       838,649  

Cie. Automotive SA

     24,909       657,169  

Corp. ACCIONA Energias Renovables SA

     20,583       534,851  

EDP Renovaveis SA

     114,226       1,849,688  

Enagas SA

     76,645       1,247,764  

Endesa SA

     106,039       2,100,840  

Faes Farma SA

     169,134       555,804  

Fluidra SA

     35,048       758,761  

Global Dominion Access SA(c)

     29,568       114,242  

Grifols SA(a)(b)

     106,780       1,163,127  

Iberdrola SA

     2,083,830       25,091,306  

Iberdrola SA, NVS

     35,501       427,467  

Indra Sistemas SA(b)

     53,355       947,277  

Industria de Diseno Textil SA

     379,547       16,228,430  

Inmobiliaria Colonial SOCIMI SA

     109,765       659,940  

Laboratorios Farmaceuticos Rovi SA

     7,613       525,088  

Lar Espana Real Estate SOCIMI SA

     63,540       426,426  

Linea Directa Aseguradora SA Cia de Segurosy Reaseguros

     237,607       248,308  

Mapfre SA

     362,326       797,811  

Merlin Properties SOCIMI SA

     127,139       1,294,685  

Naturgy Energy Group SA

     45,903       1,236,065  

Neinor Homes SA(c)

     23,620       266,493  

Prosegur Cia. de Seguridad SA

     108,890       206,038  
Security   Shares     Value  

Spain (continued)

    

Redeia Corp. SA

     130,938     $ 2,178,824  

Repsol SA

     451,942       6,674,406  

Sacyr SA

     217,450       716,878  

Sacyr SA, NVS

     4,297       14,192  

Solaria Energia y Medio Ambiente SA(a)

     36,360       536,823  

Telefonica SA

     1,702,881       6,928,738  

Unicaja Banco SA(c)

     512,498       490,022  

Vidrala SA

     9,065       908,588  

Viscofan SA

     13,770       806,563  
   

 

 

  
       158,131,510  
Sweden — 5.4%            

AAK AB

     67,622       1,524,071  

AddLife AB, Class B

     40,448       435,968  

AddTech AB, Class B

     94,653       1,952,663  

AFRY AB

     38,841       536,361  

Alfa Laval AB

     103,899       3,812,346  

Alleima AB, NVS

     70,989       471,278  

Arjo AB, Class B

     88,894       416,076  

Assa Abloy AB, Class B

     344,008       9,434,666  

Atlas Copco AB, Class A

     934,585       14,915,428  

Atlas Copco AB, Class B

     539,072       7,465,043  

Avanza Bank Holding AB

     45,844       920,890  

Axfood AB

     42,015       1,063,027  

Beijer Ref AB, Class B

     140,034       1,906,562  

Betsson AB

     48,383       526,558  

Bilia AB, Class A

     42,053       508,395  

Billerud Aktiebolag

     81,062       720,810  

BioArctic AB, Class B(a)(b)(c)

     12,887       279,520  

Biotage AB

     22,466       319,324  

Boliden AB

     95,987       2,547,751  

Bravida Holding AB(c)

     87,319       662,116  

Bure Equity AB

     21,247       606,844  

Calliditas Therapeutics AB, Class B(a)(b)

     25,746       281,293  

Camurus AB(a)

     10,751       532,985  

Castellum AB(a)

     149,949       1,930,426  

Catena AB

     12,812       546,261  

Corem Property Group AB, Class B

     268,906       270,928  

Dometic Group AB(c)

     108,726       865,232  

Electrolux AB, Class B(a)

     80,698       754,851  

Electrolux Professional AB, Class B

     117,310       623,319  

Elekta AB, Class B

     139,110       1,049,683  

Embracer Group AB, Class B(a)(b)

     280,847       535,987  

Epiroc AB

     223,983       3,957,499  

Epiroc AB, Class B

     128,696       2,006,615  

EQT AB

     128,357       3,446,660  

Essity AB, Class B

     212,342       4,986,489  

Evolution AB(c)

     63,861       7,456,639  

Fabege AB

     80,585       754,752  

Fastighets AB Balder, Class B(a)

     214,530       1,423,898  

Fortnox AB

     183,001       1,008,937  

Getinge AB, Class B

     80,000       1,710,170  

Granges AB

     49,088       486,740  

H & M Hennes & Mauritz AB, Class B

     230,131       3,246,859  

Hemnet Group AB

     33,656       908,638  

Hexagon AB, Class B

     725,459       7,917,359  

Hexatronic Group AB(b)

     64,612       135,531  

Hexpol AB

     105,027       1,202,197  

HMS Networks AB(b)

     9,729       428,028  

Holmen AB, Class B

     27,510       1,084,149  

Hufvudstaden AB, Class A

     44,912       580,752  

Husqvarna AB, Class B

     132,439       1,030,231  

Industrivarden AB, Class A

     45,819       1,442,473  

 

 

40  

2 0 2 4  I 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 Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Sweden (continued)

    

Industrivarden AB, Class C

     55,107     $ 1,731,962  

Indutrade AB

     97,686       2,373,191  

Instalco AB

     96,826       387,177  

Intrum AB(b)

     24,895       147,456  

Investment AB Latour, Class B

     51,483       1,294,828  

Investor AB, Class B

     600,455       14,137,572  

JM AB

     25,346       412,731  

Kambi Group PLC, Class B(a)

     14,539       194,894  

Kindred Group PLC

     86,443       1,016,933  

Kinnevik AB, Class B(a)

     96,987       1,042,030  

L E Lundbergforetagen AB, Class B

     25,663       1,338,090  

Lifco AB, Class B

     85,994       2,074,769  

Lindab International AB

     34,826       661,300  

Loomis AB, Class B

     27,846       762,367  

Medicover AB, Class B

     21,915       361,416  

Millicom International Cellular SA, SDR(a)

     53,607       919,603  

MIPS AB

     12,572       417,655  

Modern Times Group MTG AB, Class B(a)

     43,229       330,875  

Munters Group AB(c)

     54,911       876,447  

Mycronic AB

     31,765       883,507  

NCAB Group AB(b)

     62,592       404,818  

NCC AB, Class B

     36,071       460,629  

Nibe Industrier AB, Class B

     530,663       3,170,807  

Nolato AB, Class B

     89,470       433,296  

Nordnet AB publ

     53,184       836,879  

Nyfosa AB

     64,076       573,120  

Pandox AB, Class B

     42,833       587,337  

Paradox Interactive AB

     16,468       322,636  

Peab AB, Class B

     74,691       368,745  

Ratos AB, Class B(b)

     69,589       229,386  

Saab AB, Class B

     28,110       1,810,029  

Sagax AB, Class B

     72,643       1,765,320  

Samhallsbyggnadsbolaget i Norden AB(b)

     409,012       187,407  

Sandvik AB

     364,953       7,669,810  

Scandic Hotels Group AB(a)(c)

     89,395       411,858  

Sdiptech AB, Class B(a)

     13,792       342,300  

Sectra AB, Class B

     58,623       1,091,939  

Securitas AB, Class B

     167,430       1,626,424  

Sinch AB(a)(b)(c)

     238,604       732,753  

Skandinaviska Enskilda Banken AB, Class A

     550,339       7,815,990  

Skanska AB, Class B

     119,701        2,075,567  

SKF AB, Class B

     119,058       2,346,052  

SSAB AB, Class A

     91,604       712,662  

SSAB AB, Class B

     219,745       1,678,513  

Stillfront Group AB(a)

     187,508       194,323  

Storskogen Group AB

     570,446       393,780  

Surgical Science Sweden AB(a)(b)

     17,992       307,493  

Svenska Cellulosa AB SCA, Class B

     212,228       2,889,254  

Svenska Handelsbanken AB, Class A

     494,329       5,329,031  

Sweco AB, Class B

     85,880       1,006,669  

Swedbank AB, Class A

     294,204       5,995,282  

Swedish Orphan Biovitrum AB(a)(b)

     70,902       1,990,086  

Tele2 AB, Class B

     182,070       1,552,334  

Telefonaktiebolaget LM Ericsson, Class B

     1,025,079       5,682,501  

Telia Co. AB

     820,003       2,114,929  

Thule Group AB(c)

     37,961       965,921  

Trelleborg AB, Class B

     81,465       2,479,565  

Troax Group AB

     19,687       427,692  

Vitec Software Group AB, Class B

     13,694       760,643  

Vitrolife AB

     27,831       458,193  

Volvo AB, Class A

     65,992       1,622,423  

Volvo AB, Class B

     526,134       12,608,970  
Security   Shares     Value  

Sweden (continued)

    

Volvo Car AB, Class B(a)

     202,006     $ 526,630  

Wallenstam AB, Class B

     133,432       669,797  

Wihlborgs Fastigheter AB

     111,248       994,518  
   

 

 

  
      221,620,392  
Switzerland — 15.0%            

ABB Ltd., Registered

     553,580       23,422,968  

Accelleron Industries AG, NVS

     46,464       1,486,836  

Adecco Group AG, Registered

     56,408       2,439,255  

Alcon Inc.

     172,516       12,986,141  

Allreal Holding AG, Registered

     6,183       1,099,779  

ALSO Holding AG, Registered

     3,269       957,054  

Arbonia AG

     27,828       322,234  

Aryzta AG(a)

     425,275       763,316  

Avolta AG, Registered(a)

     38,608       1,475,012  

Bachem Holding AG, Class B

     13,087       876,093  

Baloise Holding AG, Registered

     16,808       2,684,928  

Banque Cantonale Vaudoise, Registered

     11,630       1,489,063  

Barry Callebaut AG, Registered

     1,309       1,911,935  

Belimo Holding AG, Registered

     3,501       1,632,479  

BKW AG

     8,025       1,274,919  

Bossard Holding AG, Class A, Registered

     2,659       636,314  

Bucher Industries AG, Registered

     2,997       1,269,428  

Burckhardt Compression Holding AG

     1,538       860,461  

Bystronic AG, Registered

     634       317,672  

Cembra Money Bank AG

     12,049       929,001  

Chocoladefabriken Lindt & Spruengli AG, Participation Certificates, NVS

     321       4,079,572  

Chocoladefabriken Lindt & Spruengli AG, Registered

     40       5,070,359  

Cie. Financiere Richemont SA, Class A, Registered

     180,925        26,873,612  

Clariant AG, Registered

     74,277       950,870  

Coca-Cola HBC AG, Class DI

     77,567       2,280,217  

Comet Holding AG, Registered

     2,973       980,239  

Daetwyler Holding AG, Bearer

     3,034       616,907  

DKSH Holding AG

     14,025       981,397  

DocMorris AG(a)(b)

     3,610       336,781  

dormakaba Holding AG

     1,310       656,231  

DSM-Firmenich AG

     64,812       6,852,606  

Emmi AG, Registered

     759       795,146  

EMS-Chemie Holding AG, Registered

     2,436       1,838,972  

Flughafen Zurich AG, Registered

     7,793       1,607,898  

Forbo Holding AG, Registered

     460       540,855  

Galenica AG(c)

     21,560       1,901,215  

Geberit AG, Registered

     11,384       6,552,948  

Georg Fischer AG

     30,088       2,013,744  

Givaudan SA, Registered

     3,194       13,282,366  

Helvetia Holding AG, Registered

     14,602       2,108,827  

Holcim AG

     179,165       13,684,412  

Huber + Suhner AG, Registered

     7,961       570,986  

Idorsia Ltd.(a)(b)

     40,885       72,960  

Implenia AG, Registered

     10,503       372,869  

Inficon Holding AG, Registered

     759       1,152,067  

Interroll Holding AG, Registered

     281       820,742  

Julius Baer Group Ltd.

     71,862       3,912,268  

Kardex Holding AG, Registered

     3,069       779,472  

Kuehne + Nagel International AG, Registered

     18,433       6,246,568  

Landis+Gyr Group AG

     9,908       812,422  

Logitech International SA, Registered

     58,297       4,887,228  

Lonza Group AG, Registered

     25,910       12,667,546  

Medmix AG(c)

     13,157       263,765  

Meyer Burger Technology AG(a)(b)

     1,260,891       162,181  

Mobimo Holding AG, Registered

     3,257       962,242  

Nestle SA, Registered

     924,484       105,345,439  

 

 

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

   41

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Switzerland (continued)            

Novartis AG, Registered

     710,687     $ 73,494,785  

OC Oerlikon Corp. AG, Registered

     85,136       371,009  

Partners Group Holding AG

     7,862       10,607,214  

PolyPeptide Group AG(a)(b)(c)

     6,157       113,015  

PSP Swiss Property AG, Registered

     16,927       2,252,934  

Roche Holding AG, Bearer

     11,239       3,404,601  

Roche Holding AG, NVS

     243,339       69,282,593  

Sandoz Group AG(a)

     145,978       5,006,313  

Schindler Holding AG, Participation Certificates, NVS

     14,053       3,500,444  

Schindler Holding AG, Registered

     8,036       1,912,896  

Schweiter Technologies AG, NVS

     496       272,122  

Sensirion Holding AG(a)(b)(c)

     3,880       322,884  

SFS Group AG

     8,429       1,011,982  

SGS SA

     51,731       4,780,246  

Siegfried Holding AG, Registered

     1,569       1,562,956  

Siemens Energy AG(a)(b)

     182,062       2,704,889  

SIG Group AG

     106,280       2,224,674  

Sika AG, Registered

     52,933       14,612,569  

Softwareone Holding AG

     39,482       739,994  

Sonova Holding AG, Registered

     17,646       5,639,600  

St. Galler Kantonalbank AG, Class A, Registered

     1,596       923,665  

Stadler Rail AG

     20,148       643,157  

STMicroelectronics NV

     240,423       10,556,375  

Straumann Holding AG

     39,368       5,980,053  

Sulzer AG, Registered

     8,328       804,503  

Swatch Group AG (The), Bearer

     9,923       2,329,512  

Swatch Group AG (The), Registered

     18,064       821,895  

Swiss Life Holding AG, Registered

     10,166       7,300,489  

Swiss Prime Site AG, Registered

     25,766       2,609,718  

Swiss Re AG

     103,808       11,886,061  

Swisscom AG, Registered

     8,944       5,351,048  

Swissquote Group Holding SA, Registered

     4,590       1,151,966  

Tecan Group AG, Registered

     4,899       1,870,020  

Temenos AG, Registered

     22,712       2,311,409  

UBS Group AG, Registered

     1,144,413       34,255,264  

Valiant Holding AG, Registered

     8,973       1,075,159  

VAT Group AG(c)

     9,573       4,456,507  

Vontobel Holding AG, Registered

     11,850       780,549  

Ypsomed Holding AG, Registered

     1,466       517,481  

Zurich Insurance Group AG

     49,875       25,340,964  
   

 

 

  
       616,652,332  
United Kingdom — 22.6%            

3i Group PLC

     343,912       10,766,144  

4imprint Group PLC

     9,928       680,802  

888 Holdings PLC(a)

     142,226       139,869  

abrdn PLC

     652,608       1,388,381  

Admiral Group PLC

     91,726       2,916,623  

Airtel Africa PLC(c)

     422,409       599,900  

AJ Bell PLC

     105,471       422,911  

Anglo American PLC

     438,124       10,443,860  

Antofagasta PLC

     142,358       3,102,727  

AO World PLC(a)

     126,714       146,212  

Ascential PLC(a)

     172,601       664,817  

Ashmore Group PLC

     158,510       426,267  

Ashtead Group PLC

     153,467       10,035,497  

ASOS PLC(a)(b)

     23,829       111,300  

Associated British Foods PLC

     122,668       3,633,346  

Assura PLC

     1,289,194       727,693  

Aston Martin Lagonda Global Holdings
PLC(a)(c)

     107,460       259,194  

AstraZeneca PLC

     538,169       71,348,745  

Auction Technology Group PLC(a)(b)

     53,000       366,060  

Auto Trader Group PLC(c)

     324,002       2,980,779  
Security   Shares     Value  
United Kingdom (continued)            

Aviva PLC

     910,045     $ 4,967,548  

B&M European Value Retail SA

     340,482       2,231,423  

Babcock International Group PLC

     94,036       537,439  

BAE Systems PLC

     1,063,494       15,842,300  

Balfour Beatty PLC

     246,519       1,037,213  

Barclays PLC

     5,246,663       9,750,017  

Barratt Developments PLC

     342,230       2,332,410  

Beazley PLC

     241,517       1,662,498  

Bellway PLC

     42,719       1,488,421  

Berkeley Group Holdings PLC

     37,856       2,292,356  

Big Yellow Group PLC

     68,898       996,266  

Bodycote PLC

     69,147       557,540  

boohoo Group PLC(a)(b)

     347,591       160,255  

BP PLC

     5,872,823        34,299,732  

Breedon Group PLC

     122,179       562,834  

Bridgepoint Group PLC(c)

     86,594       294,983  

British American Tobacco PLC

     740,244       21,825,062  

British Land Co. PLC (The)

     327,788       1,575,585  

Britvic PLC

     99,169       1,109,099  

BT Group PLC

     2,247,324       3,183,854  

Bunzl PLC

     115,207       4,681,985  

Burberry Group PLC

     132,961       2,190,123  

Burford Capital Ltd.

     67,739       1,032,723  

Bytes Technology Group PLC

     84,705       703,189  

C&C Group PLC

     183,955       358,082  

Capita PLC(a)

     578,085       139,635  

Capital & Counties Properties PLC

     617,726       1,040,615  

Carnival PLC(a)

     47,140       708,239  

Centamin PLC

     419,094       510,550  

Centrica PLC

     1,984,002       3,472,101  

Ceres Power Holdings PLC(a)(b)

     59,805       181,292  

Close Brothers Group PLC

     50,601       347,809  

Coats Group PLC

     637,399       578,368  

Coca-Cola Europacific Partners PLC

     73,159       5,040,655  

Compass Group PLC

     593,963       16,359,969  

Computacenter PLC

     34,276       1,252,213  

ConvaTec Group PLC(c)

     595,442       1,812,153  

Cranswick PLC

     20,450       1,042,872  

Crest Nicholson Holdings PLC

     113,078       300,078  

Croda International PLC

     47,785       2,892,263  

Currys PLC

     456,775       286,425  

CVS Group PLC

     24,908       532,833  

Darktrace PLC(a)

     125,035       542,153  

DCC PLC

     35,799       2,602,563  

Deliveroo PLC, Class A(a)(c)

     394,037       586,752  

Derwent London PLC

     37,097       999,832  

Diageo PLC

     779,855       28,166,697  

Diploma PLC

     48,126       1,983,837  

Direct Line Insurance Group PLC(a)

     422,226       901,011  

Diversified Energy Co. PLC

     26,464       305,219  

Domino’s Pizza Group PLC

     138,836       613,131  

Dowlais Group PLC

     587,678       671,311  

Dr. Martens PLC

     222,463       250,483  

Drax Group PLC

     141,290       911,757  

DS Smith PLC

     501,551       1,788,326  

Dunelm Group PLC

     53,544       737,568  

easyJet PLC(a)

     110,160       771,234  

Elementis PLC(a)

     240,046       430,206  

Endeavour Mining PLC

     73,100       1,298,541  

Energean PLC

     58,697       705,275  

Entain PLC

     226,343       2,756,947  

Essentra PLC

     145,794       319,643  

 

 

42  

2 0 2 4  I 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 Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United Kingdom (continued)            

Experian PLC

     318,124     $ 13,241,081  

Ferrexpo PLC

     110,127       121,142  

Fevertree Drinks PLC

     38,463       492,316  

Firstgroup PLC

     341,717       719,461  

Forterra PLC(c)

     98,423       206,056  

Frasers Group PLC(a)

     53,288       545,216  

Future PLC

     42,433       380,248  

Games Workshop Group PLC

     13,176       1,653,932  

Gamma Communications PLC

     32,357       489,612  

GB Group PLC

     106,368       379,867  

Genuit Group PLC

     115,947       620,072  

Genus PLC

     24,227       703,685  

Glencore PLC

     3,641,734       19,268,262  

Grafton Group PLC

     87,707       1,080,278  

Grainger PLC

     291,399       971,971  

Great Portland Estates PLC

     95,565       502,833  

Greatland Gold PLC(a)(b)

     2,239,834       204,375  

Greggs PLC

     38,592       1,299,983  

GSK PLC

     1,418,980       28,064,208  

Haleon PLC

     1,930,453       7,841,043  

Halfords Group PLC

     91,266       206,409  

Halma PLC

     134,241       3,715,668  

Hammerson PLC

     1,811,507       618,188  

Harbour Energy PLC

     225,271       791,746  

Hargreaves Lansdown PLC

     122,646       1,183,462  

Hays PLC

     593,655       738,718  

Helios Towers PLC(a)

     277,997       278,674  

Hikma Pharmaceuticals PLC

     59,562       1,453,137  

Hill & Smith PLC

     37,423       885,826  

Hiscox Ltd

     123,359       1,624,299  

Hochschild Mining PLC(a)

     143,674       188,893  

Howden Joinery Group PLC

     191,551       1,939,814  

HSBC Holdings PLC

     6,764,117        52,812,213  

IG Group Holdings PLC

     151,068       1,357,517  

IMI PLC

     91,659       1,944,046  

Impax Asset Management Group PLC

     34,967       240,405  

Imperial Brands PLC

     298,695       7,170,212  

Inchcape PLC

     139,763       1,203,464  

Indivior PLC, NVS(a)

     47,426       833,628  

Informa PLC

     507,248       4,981,961  

IntegraFin Holdings PLC

     122,947       458,509  

InterContinental Hotels Group PLC

     58,174       5,512,165  

Intermediate Capital Group PLC

     101,517       2,288,711  

International Distributions Services PLC(a)

     256,198       898,714  

Intertek Group PLC

     54,068       3,068,936  

Investec PLC

     252,759       1,645,591  

IP Group PLC

     420,896       279,502  

ITM Power PLC(a)

     268,735       202,575  

ITV PLC(b)

     1,280,193       969,695  

IWG PLC(a)

     286,404       678,718  

J D Wetherspoon PLC(a)

     42,403       451,394  

J Sainsbury PLC

     579,869       1,979,766  

JD Sports Fashion PLC

     943,655       1,394,452  

JET2 PLC

     71,231       1,206,021  

John Wood Group PLC(a)

     238,566       472,966  

Johnson Matthey PLC

     63,034       1,299,696  

JTC PLC(c)

     55,401       556,891  

Jupiter Fund Management PLC

     160,761       161,051  

Just Group PLC

     434,280       467,945  

Kainos Group PLC

     42,091       611,832  

Keywords Studios PLC(b)

     30,403       635,783  

Kingfisher PLC

     665,409       1,850,053  
Security   Shares     Value  
United Kingdom (continued)            

Lancashire Holdings Ltd.

     95,388     $ 733,773  

Land Securities Group PLC

     247,026       2,082,602  

Learning Technologies Group PLC

     280,197       285,790  

Legal & General Group PLC

     2,080,925       6,693,175  

Liontrust Asset Management PLC

     32,341       255,273  

Lloyds Banking Group PLC

     21,787,547       11,679,331  

London Stock Exchange Group PLC

     143,747       16,259,804  

LondonMetric Property PLC

     422,749       1,032,942  

LXI REIT PLC

     842,054       1,123,048  

M&G PLC

     798,150       2,256,663  

Man Group PLC/Jersey

     451,944       1,357,987  

Marks & Spencer Group PLC

     703,600       2,198,254  

Marshalls PLC

     77,633       275,480  

Melrose Industries PLC

     476,335       3,550,357  

Mitchells & Butlers PLC(a)

     108,990       359,396  

Mitie Group PLC

     554,406       726,487  

Mobico Group PLC

     218,285       236,210  

Mondi PLC, NVS

     158,281       2,836,336  

Moneysupermarket.com Group PLC

     255,109       823,112  

Morgan Sindall Group PLC

     15,873       455,624  

National Grid PLC

     1,268,700        16,897,947  

NatWest Group PLC, NVS

     1,993,850       5,626,920  

Network International Holdings PLC(a)(c)

     171,186       840,441  

Next 15 Group PLC

     47,896       555,392  

Next PLC

     42,108       4,495,303  

Ninety One PLC

     193,395       432,583  

NMC Health PLC, NVS(d)

     42,009       1  

Ocado Group PLC(a)

     203,503       1,393,977  

OSB Group PLC

     147,626       840,033  

Oxford Instruments PLC

     26,701       751,208  

Oxford Nanopore Technologies PLC(a)

     226,131       459,381  

Pagegroup PLC

     128,529       746,990  

Paragon Banking Group PLC

     87,332       777,830  

Pearson PLC

     231,344       2,838,077  

Pennon Group PLC

     93,868       835,762  

Persimmon PLC

     114,483       2,108,560  

Petrofac Ltd.(a)(b)

     197,203       76,362  

Pets at Home Group PLC

     193,974       688,797  

Phoenix Group Holdings PLC

     263,966       1,685,325  

Playtech PLC(a)

     90,706       510,846  

Plus500 Ltd.

     34,300       775,759  

Primary Health Properties PLC

     651,020       801,524  

Prudential PLC

     958,403       9,845,259  

QinetiQ Group PLC

     181,418       819,324  

Quilter PLC(c)

     501,900       666,528  

Rathbones Group PLC

     24,147       505,119  

Reckitt Benckiser Group PLC

     247,970       17,928,453  

Redde Northgate PLC

     115,437       519,341  

Redrow PLC

     100,080       760,261  

RELX PLC

     655,193       27,042,474  

Renishaw PLC

     14,162       626,339  

Rentokil Initial PLC

     893,908       4,603,399  

RHI Magnesita NV

     10,184       434,164  

Rightmove PLC

     283,663       2,007,532  

Rio Tinto PLC

     390,126       27,004,293  

Rolls-Royce Holdings PLC(a)

     2,947,062       11,188,374  

Rotork PLC

     300,353       1,184,023  

RS GROUP PLC

     164,842       1,633,413  

RWS Holdings PLC

     116,287       350,152  

S4 Capital PLC(a)

     144,774       80,725  

Safestore Holdings PLC

     84,526       880,273  

Sage Group PLC (The)

     356,843       5,312,651  

 

 

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

   43

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Europe ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

 

  
United Kingdom (continued)            

Savills PLC

     63,106     $ 810,139  

Schroders PLC

     239,969       1,227,705  

Segro PLC

     417,017       4,631,420  

Serco Group PLC

     474,346       1,035,089  

Severn Trent PLC

     89,417       2,939,228  

Shell PLC

     2,305,084       71,462,924  

Sirius Real Estate Ltd.

     568,021       653,627  

Smart Metering Systems PLC

     49,495       596,515  

Smith & Nephew PLC

     304,099       4,252,825  

Smiths Group PLC

     122,951       2,519,713  

Softcat PLC

     51,795       949,152  

Spectris PLC

     38,567       1,795,425  

Spirax-Sarco Engineering PLC

     24,662       3,103,980  

Spire Healthcare Group PLC(c)

     180,439       540,768  

Spirent Communications PLC

     252,443       376,585  

SSE PLC

     379,129       8,074,664  

SSP Group PLC(a)

     287,588       818,469  

St. James’s Place PLC

     193,142       1,590,003  

Standard Chartered PLC

     794,466       6,004,210  

Supermarket Income REIT PLC

     532,798       546,924  

Synthomer PLC(a)

     49,382       98,601  

Tate & Lyle PLC

     147,198       1,162,170  

Taylor Wimpey PLC

     1,234,373       2,304,564  

TBC Bank Group PLC

     16,611       613,640  

Telecom Plus PLC

     24,723       455,559  

Tesco PLC

     2,467,367       8,940,799  

THG PLC, Class B(a)

     248,704       207,385  

TP ICAP Group PLC

     269,727       639,054  

Trainline PLC(a)(c)

     180,292       754,911  

Travis Perkins PLC

     73,383       731,967  

Tritax Big Box REIT PLC

     688,878       1,442,226  

TUI AG(a)

     170,759       1,176,461  

Unilever PLC

     862,064       41,948,219  

UNITE Group PLC (The)

     140,653       1,796,960  

United Utilities Group PLC

     230,684       3,107,028  

Vanquis Banking Group PLC

     101,445       151,959  

Vesuvius PLC

     83,452       502,472  

Victoria PLC(a)

     36,833       130,233  

Victrex PLC

     30,691       530,135  

Virgin Money UK PLC

     477,991       944,067  

Vistry Group PLC

     123,721       1,564,984  

Vodafone Group PLC

     8,004,631       6,805,061  

Volution Group PLC

     69,198       378,852  

Watches of Switzerland Group PLC(a)(c)

     98,024       461,639  

Weir Group PLC (The)

     90,558       2,081,559  

WH Smith PLC

     53,348       815,223  

Whitbread PLC

     73,319       3,323,399  

Wickes Group PLC

     168,820       334,965  

Wise PLC, Class A(a)

     225,208       2,297,100  

Workspace Group PLC

     57,859       380,580  

WPP PLC

     374,618       3,622,740  

Yellow Cake PLC(a)(c)

     109,658       963,755  

YouGov PLC

     39,377       581,364  
   

 

 

  
      928,651,262  
   

 

 

  

Total Common Stocks — 98.7%
(Cost: $4,150,275,869)

        4,061,340,901  
   

 

 

  
Security   Shares     Value  

 

  

Preferred Stocks

    
Germany — 0.7%            

Bayerische Motoren Werke AG, Preference Shares, NVS

     20,448     $ 1,997,984  

Dr Ing hc F Porsche AG, Preference Shares, NVS(c)

     40,102       3,404,737  

Fuchs Petrolub SE, Preference Shares, NVS

     29,747       1,303,916  

Henkel AG & Co. KGaA, Preference Shares, NVS

     59,331       4,548,227  

Jungheinrich AG, Preference Shares, NVS

     19,352       651,376  

Porsche Automobil Holding SE, Preference Shares, NVS

     54,036       2,697,691  

Sartorius AG, Preference Shares, NVS

     9,181       3,349,252  

Schaeffler AG, Preference Shares, NVS(b)

     43,722       276,293  

Sixt SE, Preference Shares, NVS

     5,427       371,668  

Volkswagen AG, Preference Shares, NVS

     72,742       9,355,714  
   

 

 

  
      27,956,858  
   

 

 

  

Total Preferred Stocks — 0.7%
(Cost: $38,383,260)

 

     27,956,858  
   

 

 

  

Rights

    
Spain — 0.0%            

ACS Actividades de Construccion y Servicios SA, (Expires 02/09/24)(a)

     74,230       34,014  
   

 

 

  

Total Rights — 0.0%
(Cost: $36,871)

 

     34,014  
   

 

 

  

Total Long-Term Investments — 99.4%
(Cost: $4,188,696,000)

 

     4,089,331,773  
   

 

 

  

Short-Term Securities

 

Money Market Funds — 0.7%  

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(e)(f)(g)

     29,531,561       29,549,280  

BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(e)(f)

     1,670,000       1,670,000  
   

 

 

  

Total Short-Term Securities — 0.7%
(Cost: $31,197,299)

 

     31,219,280  
   

 

 

  

Total Investments — 100.1%
(Cost: $4,219,893,299)

 

     4,120,551,053  

Liabilities in Excess of Other Assets — (0.1)%

 

     (5,605,276 ) 
   

 

 

  

Net Assets — 100.0%

 

   $  4,114,945,777  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

All or a portion of this security is on loan.

(c) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(e) 

Affiliate of the Fund.

(f) 

Annualized 7-day yield as of period end.

(g) 

All or a portion of this security was purchased with the cash collateral from loaned securities.

 

 

44  

2 0 2 4  I 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 Europe ETF

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the six months ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer  

Value at

07/31/23

     

Purchases

at Cost

    

Proceeds

from Sale

    

Net Realized

Gain (Loss)

     

Change in

Unrealized

Appreciation

(Depreciation)

     

Value at

01/31/24

     

Shares

Held at

01/31/24

      Income    

Capital

Gain

Distributions

from

Underlying

Funds

  

 

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $  36,832,231      $ —     $  (7,292,947 )(a)    $ 7,294      $ 2,702      $ 29,549,280        29,531,561      $ 228,309 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     410,000        1,260,000 (a)      —       —        —        1,670,000        1,670,000        39,957       —  
        

 

 

     

 

 

     

 

 

        

 

 

    

 

 

  
         $ 7,294      $ 2,702      $  31,219,280         $  268,266     $ —  
        

 

 

     

 

 

     

 

 

        

 

 

    

 

 

  

 

  (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

           

Euro STOXX 50 Index

     315        03/15/24      $ 15,837      $ 329,948  

FTSE 100 Index

     91        03/15/24        8,764        8,800  
          

 

 

  
           $ 338,748  
          

 

 

  

Derivative Financial Instruments Categorized by Risk Exposure

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

     

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Assets — Derivative Financial Instruments

                    

Futures contracts

                    

Unrealized appreciation on futures contracts(a)

   $ —      $ —      $ 338,748      $ —      $ —      $ —      $ 338,748  
 

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss).

 

For the period ended January 31, 2024, the effect of derivative financial instruments in the Statements of Operations was as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

    

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Net Realized Gain (Loss) from

                   

Futures contracts

   $ —      $ —      $ 241,181     $ —      $ —      $ —      $ 241,181  
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Net Change in Unrealized Appreciation (Depreciation) on

                   

Futures contracts

   $ —      $ —      $ (328,533 )    $ —      $ —      $ —      $ (328,533 ) 
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

 

 

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

   45

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Europe ETF

 

Average Quarterly Balances of Outstanding Derivative Financial Instruments

 

 

  

Futures contracts:

  

Average notional value of contracts — long

   $ 23,348,936   

 

  

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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

   $ 92,802,288      $ 3,968,538,612      $ 1      $ 4,061,340,901  

Preferred Stocks

     —        27,956,858        —        27,956,858  

Rights

     34,014        —        —        34,014  

Short-Term Securities

           

Money Market Funds

     31,219,280        —        —        31,219,280  
 

 

 

     

 

 

     

 

 

     

 

 

  
  $ 124,055,582      $ 3,996,495,470      $ 1      $ 4,120,551,053  
 

 

 

     

 

 

     

 

 

     

 

 

  

Derivative Financial Instruments(a)

           

Assets

           

Equity Contracts

   $ —      $ 338,748      $ —      $ 338,748  
 

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

See notes to financial statements.

 

 

46  

2 0 2 4  I 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)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Australia — 6.8%            

Abacus Group

     204,070     $ 145,215  

Abacus Storage King(a)

     204,059       151,946  

Adbri Ltd.(b)

     240,057       477,499  

AGL Energy Ltd.

     401,723       2,268,909  

ALS Ltd.

     340,833       2,800,295  

Altium Ltd.

     95,068       3,054,136  

Alumina Ltd.(b)

     1,828,436       1,375,557  

AMP Ltd.

     2,066,350       1,253,179  

Ampol Ltd.

     133,700       3,162,336  

Ansell Ltd.

     67,919       1,068,218  

ANZ Group Holdings Ltd.

     1,702,390        30,037,616  

APA Group

     684,340       3,785,148  

ARB Corp. Ltd.

     59,027       1,290,351  

Aristocrat Leisure Ltd.

     334,672       9,648,798  

ASX Ltd.

     107,936       4,614,518  

Atlas Arteria Ltd.

     769,443       2,712,594  

AUB Group Ltd.

     58,545       1,165,052  

Aurizon Holdings Ltd.

     914,903       2,255,264  

Bank of Queensland Ltd.

     421,765       1,655,832  

Bapcor Ltd.

     285,223       1,044,061  

Beach Energy Ltd.

     1,479,194       1,587,377  

Bega Cheese Ltd.

     215,254       524,592  

Bellevue Gold Ltd.(b)

     1,358,780       1,175,371  

Bendigo & Adelaide Bank Ltd.

     372,849       2,382,109  

BHP Group Ltd.

     2,907,097       88,939,749  

BlueScope Steel Ltd.

     319,404       4,876,759  

Boral Ltd.(b)

     253,100       872,290  

Brambles Ltd.

     797,001       7,599,218  

Breville Group Ltd.

     96,134       1,698,962  

BWP Trust

     420,160       940,836  

CAR Group Ltd.

     208,747       4,482,072  

Chalice Mining Ltd.(a)(b)

     320,750       230,612  

Challenger Ltd.

     310,482       1,317,121  

Champion Iron Ltd.

     222,913       1,222,908  

Charter Hall Group

     329,715       2,571,676  

Charter Hall Long Wale REIT

     656,060       1,597,443  

Charter Hall Retail REIT

     394,329       952,721  

Cleanaway Waste Management Ltd.

     1,582,138       2,678,447  

Cochlear Ltd.

     37,104       7,363,249  

Coles Group Ltd.

     724,640       7,519,860  

Commonwealth Bank of Australia

     950,847       72,506,259  

Computershare Ltd.

     352,129       5,832,400  

Core Lithium Ltd.(a)(b)

     1,489,368       187,057  

Corporate Travel Management Ltd.

     91,258       1,207,172  

Credit Corp. Group Ltd.

     45,314       503,764  

Cromwell Property Group

     558,604       150,682  

CSL Ltd.

     277,754       54,544,644  

CSR Ltd.

     243,162       1,094,951  

De Grey Mining Ltd.(b)

     1,403,075       1,116,544  

Deterra Royalties Ltd.

     632,951       2,279,537  

Dexus

     615,262       3,113,635  

Domino’s Pizza Enterprises Ltd.

     37,424       962,599  

Downer EDI Ltd.

     463,555       1,262,469  

Eagers Automotive Ltd.

     150,107       1,384,136  

Endeavour Group Ltd./Australia

     834,106       3,052,607  

Evolution Mining Ltd.

     1,033,899       2,165,754  

Flight Centre Travel Group Ltd.

     110,990       1,533,425  

Fortescue Ltd.

     955,119       18,459,344  

Gold Road Resources Ltd.

     1,329,196       1,313,309  

Goodman Group

     987,919       16,398,635  
Security   Shares     Value  
Australia (continued)            

GPT Group (The)

     1,147,329     $ 3,467,658  

GrainCorp Ltd., Class A

     215,305       1,131,189  

Growthpoint Properties Australia Ltd.

     114,238       178,786  

Harvey Norman Holdings Ltd.

     272,232       782,342  

Healius Ltd.(b)

     344,831       310,228  

HUB24 Ltd.

     119,974       2,899,289  

IDP Education Ltd.

     163,609       2,095,137  

IGO Ltd.

     367,579       1,786,880  

Iluka Resources Ltd.

     227,586       1,062,959  

Incitec Pivot Ltd.

     1,292,343       2,256,922  

Ingenia Communities Group

     362,203       1,049,137  

Insignia Financial Ltd.

     320,055       444,409  

Insurance Australia Group Ltd.

     1,383,958       5,432,623  

IPH Ltd.

     207,587       923,770  

IRESS Ltd.

     128,506       682,289  

James Hardie Industries PLC(b)

     251,170       9,436,566  

JB Hi-Fi Ltd.

     80,197       2,983,526  

Lendlease Corp. Ltd.

     400,826       1,924,158  

Link Administration Holdings Ltd.

     273,154       387,022  

Liontown Resources Ltd.(a)(b)

     1,453,966       968,162  

Lottery Corp. Ltd. (The)

     1,505,370       4,941,202  

Lynas Rare Earths Ltd.(a)(b)

     472,364       1,796,060  

Macquarie Group Ltd.

     210,599        25,985,687  

Magellan Financial Group Ltd.

     104,913       614,936  

Medibank Pvt Ltd.

     1,567,376       3,924,146  

Megaport Ltd.(b)

     149,832       1,223,559  

Metcash Ltd.

     515,684       1,223,286  

Mineral Resources Ltd.

     103,593       3,995,458  

Mirvac Group

     2,242,621       3,151,780  

Monadelphous Group Ltd.

     74,413       666,862  

Nanosonics Ltd.(a)(b)

     268,615       515,470  

National Australia Bank Ltd.

     1,787,820       37,705,834  

National Storage REIT

     1,025,887       1,538,536  

New Hope Corp. Ltd.

     404,760       1,415,704  

NEXTDC Ltd.(b)

     293,779       2,659,628  

nib holdings Ltd.

     235,976       1,248,043  

Nine Entertainment Co. Holdings Ltd.

     735,453       943,583  

Northern Star Resources Ltd.

     709,081       6,082,359  

Nufarm Ltd./Australia

     286,243       1,031,795  

Orica Ltd.

     264,808       2,792,902  

Origin Energy Ltd.

     1,022,160       5,704,880  

Orora Ltd.

     671,703       1,220,875  

Paladin Energy Ltd.(b)

     2,606,022       2,183,404  

Perpetual Ltd.

     59,174       995,748  

Perseus Mining Ltd.

     1,463,362       1,723,106  

PEXA Group Ltd.(a)(b)

     106,078       792,718  

Pilbara Minerals Ltd.(a)

     1,565,530       3,565,753  

PolyNovo Ltd.(b)

     705,857       867,415  

Premier Investments Ltd.

     62,008       1,128,990  

Pro Medicus Ltd.

     55,159       3,633,820  

Qantas Airways Ltd.(b)

     605,472       2,182,945  

QBE Insurance Group Ltd.

     835,806       8,605,945  

Qube Holdings Ltd.

     610,371       1,297,682  

Ramelius Resources Ltd.(a)

     1,161,720       1,206,645  

Ramsay Health Care Ltd.

     109,362       3,645,971  

REA Group Ltd.

     33,807       4,032,048  

Reece Ltd.

     165,288       2,434,747  

Region RE Ltd.

     972,293       1,431,516  

Regis Resources Ltd.(b)

     551,438       752,088  

Reliance Worldwide Corp. Ltd.

     503,012       1,375,283  

Rio Tinto Ltd.

     210,615       18,122,863  

Sandfire Resources Ltd.(a)(b)

     380,944       1,790,280  

 

 

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

   47

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Australia (continued)            

Santos Ltd.

     1,996,898     $ 10,092,202  

Scentre Group

     2,941,085       5,847,016  

SEEK Ltd.

     197,256       3,251,820  

Seven Group Holdings Ltd.

     82,503       1,930,992  

Silex Systems Ltd.(a)(b)

     186,434       621,364  

Silver Lake Resources Ltd.(b)

     1,305,166       1,027,114  

Sims Ltd.

     102,886       963,695  

Sonic Healthcare Ltd.

     273,500       5,702,530  

South32 Ltd.

     2,773,143       6,004,455  

Star Entertainment Grp Ltd. (The)(b)

     1,539,127       558,511  

Steadfast Group Ltd.

     798,940       3,091,397  

Stockland

     1,383,165       4,084,639  

Suncorp Group Ltd.

     709,875       6,534,070  

Tabcorp Holdings Ltd.

     1,599,065       830,735  

Technology One Ltd.

     139,315       1,423,407  

Telix Pharmaceuticals Ltd.(b)

     149,680       1,115,982  

Telstra Corp. Ltd.

     2,330,364       6,145,946  

Transurban Group

     1,693,890       14,881,214  

Treasury Wine Estates Ltd.

     462,461       3,242,833  

Ventia Services Group Pty Ltd.

     337,863       724,877  

Vicinity Ltd.

     2,148,560       2,852,012  

Viva Energy Group Ltd.(c)

     854,383       1,946,168  

Washington H Soul Pattinson & Co. Ltd.

     104,808       2,342,788  

Waypoint REIT Ltd.

     1,072,456       1,726,556  

Webjet Ltd.(b)

     325,283       1,578,178  

Weebit Nano Ltd.(a)(b)

     183,088       411,811  

Wesfarmers Ltd.

     650,174       24,613,598  

Westpac Banking Corp.

     1,987,777       31,183,488  

Whitehaven Coal Ltd.

     441,269       2,412,305  

WiseTech Global Ltd.

     91,946       4,328,919  

Woodside Energy Group Ltd.

     1,075,668       22,498,902  

Woolworths Group Ltd.

     697,759       16,386,838  

Worley Ltd.

     227,402       2,183,859  

Xero Ltd.(b)

     81,769       5,852,913  
   

 

 

  
       814,316,557  
Austria — 0.3%            

ams-OSRAM AG(a)(b)

     670,568       1,569,422  

ANDRITZ AG

     30,733       1,891,999  

BAWAG Group AG(c)

     38,314       1,972,656  

CA Immobilien Anlagen AG

     19,537       641,362  

Erste Group Bank AG

     194,422       8,375,389  

Immofinanz AG(b)

     18,795       446,098  

Lenzing AG(a)(b)

     10,411       348,224  

Oesterreichische Post AG

     46,731       1,581,542  

OMV AG

     95,291       4,241,536  

Raiffeisen Bank International AG

     119,782       2,497,365  

Schoeller-Bleckmann Oilfield Equipment AG

     14,399       683,918  

UNIQA Insurance Group AG

     72,319       606,787  

Verbund AG

     43,417       3,530,597  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     23,099       652,862  

voestalpine AG

     64,780       1,927,316  

Wienerberger AG

     86,272       2,923,583  
   

 

 

  
      33,890,656  
Belgium — 0.9%            

Ackermans & van Haaren NV

     16,288       2,723,437  

Aedifica SA

     15,360       1,000,924  

Ageas SA/NV

     89,437       3,843,286  

Anheuser-Busch InBev SA/NV

     494,873       30,611,652  

Argenx SE(b)

     32,525       12,282,481  

Barco NV

     52,110       865,672  
Security   Shares     Value  
Belgium (continued)            

Bekaert SA

     17,828     $ 869,525  

bpost SA

     52,590       214,946  

Cofinimmo SA

     16,090       1,169,378  

Colruyt Group NV

     36,841       1,683,192  

Deme Group NV

     7,586       952,036  

D’ieteren Group

     15,028       3,035,844  

Elia Group SA/NV

     15,618       1,880,490  

Euronav NV

     94,711       1,668,373  

Fagron

     45,402       817,526  

Galapagos NV(a)(b)

     31,388       1,177,449  

Groupe Bruxelles Lambert NV

     57,566       4,364,060  

KBC Ancora

     27,939       1,286,809  

KBC Group NV

     135,574       8,843,708  

Kinepolis Group NV

     8,350       369,659  

Lotus Bakeries NV

     226       1,927,040  

Melexis NV

     14,546       1,246,349  

Montea NV

     6,587       565,393  

Ontex Group NV(a)(b)

     40,068       316,604  

Proximus SADP

     91,752       870,665  

Retail Estates NV

     5,838       382,449  

Shurgard Self Storage Ltd.

     20,637       957,183  

Sofina SA

     6,723       1,607,893  

Solvay SA

     41,779       1,142,592  

Syensqo SA(b)

     41,779       3,724,471  

UCB SA

     70,865       6,665,964  

Umicore SA

     119,668       2,722,023  

VGP NV

     12,122       1,421,776  

Warehouses De Pauw CVA

     91,476       2,676,327  
   

 

 

  
       105,887,176  
Canada — 10.4%            

Advantage Energy Ltd.(b)

     165,968       1,088,800  

Agnico Eagle Mines Ltd.

     284,776       13,996,800  

Air Canada(b)

     139,680       1,892,945  

Alamos Gold Inc., Class A

     178,089       2,156,487  

Algonquin Power & Utilities Corp.

     432,403       2,563,317  

Alimentation Couche-Tard Inc.

     457,277       26,794,810  

Allied Properties REIT

     68,173       989,800  

AltaGas Ltd.

     204,962       4,260,990  

Altus Group Ltd.

     25,371       855,230  

ARC Resources Ltd.

     379,644       5,896,067  

Aritzia Inc.(b)

     55,774       1,356,962  

Atco Ltd., Class I, NVS

     32,568       910,824  

Athabasca Oil Corp.(b)

     333,191       1,075,569  

ATS Corp.(b)

     42,072       1,799,666  

B2Gold Corp.

     693,106       1,933,242  

Badger Infrastructure Solutions Ltd.

     40,994       1,424,553  

Ballard Power Systems Inc.(a)(b)

     161,357       528,075  

Bank of Montreal

     412,625       38,867,068  

Bank of Nova Scotia (The)

     675,059       31,567,525  

Barrick Gold Corp.

     968,740       15,131,496  

Bausch Health Companies Inc.(b)

     174,740       1,369,898  

Baytex Energy Corp.

     494,926       1,571,895  

BCE Inc.

     41,496       1,674,408  

Birchcliff Energy Ltd.(a)

     241,482       916,031  

BlackBerry Ltd.(b)

     279,012       782,383  

Boardwalk REIT

     24,888       1,292,114  

Bombardier Inc., Class B(b)

     67,843       2,507,433  

Boralex Inc., Class A

     61,058       1,472,804  

Boyd Group Services Inc.

     11,353       2,440,247  

Brookfield Asset Management Ltd.

     201,388       8,097,761  

Brookfield Corp., Class A

     813,724       32,295,967  

Brookfield Infrastructure Corp., Class A

     60,068       2,105,697  

 

 

48  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Canada (continued)            

Brookfield Reinsurance Ltd.

     29,931     $ 1,199,733  

Brookfield Renewable Corp., Class A

     74,461       2,080,223  

BRP Inc.

     15,092       952,364  

CAE Inc.(b)

     198,590       3,976,379  

Cameco Corp.

     247,974       11,839,378  

Canada Goose Holdings Inc.(a)(b)

     33,408       400,563  

Canadian Apartment Properties REIT

     42,503       1,475,410  

Canadian Imperial Bank of Commerce

     530,186       23,960,803  

Canadian National Railway Co.

     322,040       39,949,296  

Canadian Natural Resources Ltd.

     621,845       39,795,860  

Canadian Pacific Kansas City Ltd.

     526,158       42,340,759  

Canadian Tire Corp. Ltd., Class A, NVS

     30,925       3,286,982  

Canadian Utilities Ltd., Class A, NVS

     72,661       1,655,943  

Canadian Western Bank

     86,775       1,911,122  

Canfor Corp.(b)

     36,740       444,886  

Capital Power Corp.

     39,005       1,072,278  

Capstone Mining Corp.(b)

     236,949       1,166,724  

CCL Industries Inc., Class B, NVS

     99,008       4,237,361  

Celestica Inc.(b)

     71,284       2,450,098  

Cenovus Energy Inc.

     824,213       13,352,195  

Centerra Gold Inc.

     125,630       662,514  

CGI Inc.(b)

     119,321       13,362,319  

Choice Properties REIT

     167,117       1,745,191  

CI Financial Corp.

     139,389       1,700,308  

Cineplex Inc.(b)

     35,070       215,201  

Cogeco Communications Inc.

     7,079       326,715  

Colliers International Group Inc.

     22,867       2,684,272  

Constellation Software Inc./Canada

     11,685       32,295,604  

Converge Technology Solutions Corp.

     223,214       753,759  

Crescent Point Energy Corp.

     264,165       1,723,178  

Crombie REIT

     41,592       420,421  

Cronos Group Inc.(b)

     274,969       556,299  

Definity Financial Corp.

     48,952       1,424,376  

Denison Mines Corp.(b)

     725,760       1,457,512  

Descartes Systems Group Inc. (The)(b)

     42,976       3,762,977  

Dollarama Inc.

     161,696       11,866,967  

Dream Industrial REIT

     139,675       1,394,205  

Dundee Precious Metals Inc.

     106,318       680,872  

Dye & Durham Ltd.(a)

     61,020       593,203  

ECN Capital Corp.(a)

     303,790       621,386  

Eldorado Gold Corp.(b)

     118,294       1,445,625  

Element Fleet Management Corp.

     220,585       3,721,126  

Emera Inc.

     151,082       5,338,916  

Empire Co. Ltd., Class A, NVS

     120,194       3,114,700  

Enbridge Inc.

     1,205,414       42,802,978  

Enerplus Corp.

     150,115       2,179,512  

Enghouse Systems Ltd.

     31,439       874,572  

EQB Inc.

     16,060       1,102,800  

Equinox Gold Corp.(b)

     222,909       984,848  

ERO Copper Corp.(b)

     67,192       1,052,022  

Fairfax Financial Holdings Ltd.

     12,996       13,547,179  

Finning International Inc.

     120,724       3,493,898  

First Capital Real Estate Investment Trust

     61,581       724,159  

First Majestic Silver Corp.

     181,343       840,319  

First Quantum Minerals Ltd.

     365,991       3,321,128  

FirstService Corp.

     28,660       4,796,812  

Fortis Inc./Canada

     278,555        11,175,765  

Franco-Nevada Corp.

     107,849       11,668,501  

Freehold Royalties Ltd.

     181,140       1,876,812  

George Weston Ltd.

     35,494       4,522,386  

GFL Environmental Inc.

     128,912       4,380,007  

Gibson Energy Inc.

     139,674       2,229,465  
Security   Shares     Value  
Canada (continued)            

Gildan Activewear Inc.

     131,880     $ 4,355,292  

goeasy Ltd.

     18,880       2,150,251  

Granite REIT

     25,280       1,361,918  

Great-West Lifeco Inc.

     165,030       5,508,979  

H&R Real Estate Investment Trust

     85,277       624,775  

Hudbay Minerals Inc.

     249,445       1,385,960  

Hydro One Ltd.(c)

     211,279       6,270,246  

iA Financial Corp. Inc.

     61,389       4,173,420  

IAMGOLD Corp.(b)

     276,229       657,468  

IGM Financial Inc.

     38,814       1,049,995  

Imperial Oil Ltd.

     134,812       7,776,169  

Innergex Renewable Energy Inc.

     104,878       716,114  

Intact Financial Corp.

     98,550       15,411,609  

Interfor Corp.(b)

     55,760       862,664  

InterRent REIT

     46,968       470,571  

Ivanhoe Mines Ltd., Class A(a)(b)

     380,242       3,990,639  

Keyera Corp.

     124,220       3,004,674  

Killam Apartment REIT

     51,093       711,794  

Kinaxis Inc.(b)

     12,245       1,491,131  

Kinross Gold Corp.

     761,457       4,196,806  

Knight Therapeutics Inc.

     83,613       330,235  

Labrador Iron Ore Royalty Corp.

     40,861       1,003,252  

Laurentian Bank of Canada

     23,668       467,040  

Lightspeed Commerce Inc.(b)

     105,736       1,951,214  

Linamar Corp.

     37,304       1,769,405  

Lithium Americas Argentina Corp.(a)(b)

     85,072       377,128  

Lithium Americas Corp.(a)(b)

     85,072       370,800  

Loblaw Companies Ltd.

     97,566       9,749,706  

Lundin Mining Corp.

     452,542       3,695,869  

MAG Silver Corp.(b)

     82,483       742,344  

Magna International Inc.

     154,343       8,771,876  

Manulife Financial Corp.

     1,068,991       23,630,788  

Maple Leaf Foods Inc.

     45,125       860,579  

MEG Energy Corp.(b)

     136,108       2,573,443  

Methanex Corp.

     46,944       2,081,744  

Metro Inc./CN

     146,512       7,692,575  

MTY Food Group Inc.

     21,315       913,036  

National Bank of Canada

     189,443       14,489,511  

NexGen Energy Ltd.(b)

     249,885       1,914,400  

NFI Group Inc.(a)(b)

     53,954       478,360  

North West Co. Inc. (The)

     37,056       1,071,894  

Northland Power Inc.

     153,598       2,826,445  

NorthWest Healthcare Properties REIT

     116,602       424,969  

Novagold Resources Inc.(b)

     143,656       366,499  

Nutrien Ltd.

     299,638        14,941,226  

Nuvei Corp.(c)

     46,013       1,118,111  

NuVista Energy Ltd.(b)

     238,621       1,849,404  

OceanaGold Corp.

     377,804       755,917  

Onex Corp.

     52,582       3,882,491  

Open Text Corp.

     173,542       7,567,978  

Osisko Gold Royalties Ltd.

     86,692       1,263,190  

Pan American Silver Corp.

     263,966       3,573,343  

Paramount Resources Ltd., Class A

     44,862       884,260  

Parex Resources Inc.

     72,831       1,205,860  

Parkland Corp.

     106,205       3,624,297  

Pason Systems Inc.

     77,944       854,546  

Pembina Pipeline Corp.

     316,352       10,896,843  

Peyto Exploration & Development Corp.

     123,517       1,191,577  

Power Corp. of Canada

     327,077       9,534,120  

PrairieSky Royalty Ltd.

     125,018       2,062,479  

Premium Brands Holdings Corp., Class A

     18,198       1,245,144  

Primo Water Corp.

     140,885       2,055,981  

 

 

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

   49

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Canada (continued)            

Prinmaris REIT

     99,377     $ 1,026,700  

Quebecor Inc., Class B

     104,858       2,549,599  

RB Global Inc.

     103,538       6,627,603  

Restaurant Brands International Inc.

     162,115       12,654,966  

Richelieu Hardware Ltd.

     38,545       1,244,839  

RioCan REIT

     69,606       946,925  

Rogers Communications Inc., Class B, NVS

     213,363       9,966,303  

Royal Bank of Canada

     798,608       77,939,199  

Russel Metals Inc.

     41,887       1,373,646  

Sandstorm Gold Ltd.

     196,761       892,738  

Saputo Inc.

     155,950       3,215,392  

Seabridge Gold Inc.(b)

     95,640       1,005,164  

Shopify Inc., Class A(b)

     681,577       54,563,675  

Sienna Senior Living Inc.

     132,030       1,182,373  

SilverCrest Metals Inc.(b)

     185,828       1,026,964  

SmartCentres Real Estate Investment Trust

     87,293       1,601,135  

SNC-Lavalin Group Inc.

     76,138       2,525,191  

Spin Master Corp.(c)

     20,009       514,643  

SSR Mining Inc.

     79,883       752,812  

Stantec Inc.

     58,963       4,737,828  

Stella-Jones Inc.

     48,901       2,893,068  

Sun Life Financial Inc.

     336,009       17,417,135  

Suncor Energy Inc.

     754,631       24,988,785  

Superior Plus Corp.

     81,483       558,796  

Tamarack Valley Energy Ltd.

     561,262       1,289,970  

TC Energy Corp.

     586,568       23,140,739  

Teck Resources Ltd., Class B

     258,365       10,340,750  

TELUS Corp.

     271,408       4,861,099  

TELUS Corp., NVS

     13,383       239,699  

TFI International Inc.

     44,732       5,878,759  

Thomson Reuters Corp.

     91,086       13,523,505  

TMX Group Ltd.

     186,888       4,621,984  

Topaz Energy Corp.

     53,404       772,192  

Torex Gold Resources Inc.(b)

     48,382       496,973  

Toromont Industries Ltd.

     45,823       4,013,624  

Toronto-Dominion Bank (The)

     1,031,914       62,684,679  

Tourmaline Oil Corp.

     189,306       8,185,026  

TransAlta Corp.

     135,048       978,369  

Transcontinental Inc., Class A

     33,067       332,773  

Tricon Residential Inc.

     213,459       2,349,803  

Vermilion Energy Inc.

     111,284       1,196,068  

Wesdome Gold Mines Ltd.(b)

     141,834       836,583  

West Fraser Timber Co. Ltd.

     27,678       2,200,941  

Wheaton Precious Metals Corp.

     252,349       11,826,777  

Whitecap Resources Inc.

     343,601       2,223,458  

Winpak Ltd.

     27,570       864,965  

WSP Global Inc.

     71,451       10,496,699  
   

 

 

  
       1,241,397,298  
Denmark — 3.0%            

ALK-Abello A/S(b)

     87,762       1,416,205  

Ambu A/S, Class B(a)(b)

     110,921       1,839,851  

AP Moller - Maersk A/S, Class A

     1,511       2,739,851  

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

     2,857       5,267,734  

Bavarian Nordic A/S(a)(b)

     53,163       1,221,326  

Carlsberg A/S, Class B

     54,679       7,035,407  

Chemometec A/S(a)

     17,419       942,139  

Coloplast A/S, Class B(a)

     84,250       9,711,641  

D/S Norden A/S

     21,080       1,134,245  

Danske Bank A/S

     387,548       10,406,228  

Demant A/S(b)

     55,991       2,536,330  

Dfds A/S

     21,667       734,083  

DSV A/S

     107,240       19,186,278  
Security   Shares     Value  
Denmark (continued)            

FLSmidth & Co. A/S(a)

     45,192     $ 1,855,377  

Genmab A/S(b)

     38,911       10,759,748  

GN Store Nord A/S(b)

     90,421       2,132,355  

H Lundbeck A/S

     209,499       1,061,102  

H Lundbeck A/S, Class A

     52,066       229,732  

ISS A/S

     109,491       2,071,786  

Jyske Bank A/S, Registered

     34,083       2,610,642  

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

     29,395       1,172,521  

NKT A/S(a)(b)

     45,870       3,198,236  

Novo Nordisk A/S

     1,871,615       213,933,801  

Novozymes A/S, Class B

     212,754       10,901,654  

Orsted A/S(c)

     115,839       6,529,236  

Pandora A/S

     58,989       8,619,291  

Ringkjoebing Landbobank A/S

     12,281       1,979,375  

Rockwool A/S, Class B

     4,862       1,325,512  

Royal Unibrew A/S

     28,462       1,864,418  

Schouw & Co. A/S

     7,471       597,382  

Sydbank A/S

     55,723       2,472,941  

Topdanmark A/S

     18,851       836,009  

Tryg A/S

     194,528       4,157,863  

Vestas Wind Systems A/S(b)

     601,334       16,954,617  

Zealand Pharma A/S, Class A(b)

     36,780       2,512,502  
   

 

 

  
       361,947,418  
Finland — 1.0%            

Cargotec OYJ, Class B

     22,745       1,293,056  

Citycon OYJ

     47,363       247,686  

Elisa OYJ

     79,568       3,625,234  

Fortum OYJ

     264,942       3,621,796  

Huhtamaki OYJ

     73,088       2,868,552  

Kemira OYJ

     63,552       1,189,521  

Kesko OYJ, Class B

     169,769       3,315,521  

Kojamo OYJ

     84,407       1,000,679  

Kone OYJ, Class B

     187,231       9,268,179  

Konecranes OYJ

     34,755       1,492,606  

Mandatum OYJ(b)

     265,342       1,198,037  

Metsa Board OYJ, Class B(a)

     139,206       1,121,194  

Metso OYJ

     408,199       4,079,801  

Neste OYJ

     237,716       8,195,144  

Nokia OYJ

     3,186,699       11,520,628  

Nokian Renkaat OYJ

     100,585       906,504  

Nordea Bank Abp

     1,863,912       22,967,853  

Orion OYJ, Class B

     73,499       3,383,724  

Outokumpu OYJ

     221,586       945,888  

QT Group OYJ(a)(b)

     15,788       1,113,615  

Sampo OYJ, Class A

     264,044       11,051,677  

Stora Enso OYJ, Class R

     329,318       4,190,495  

TietoEVRY OYJ

     45,252       1,050,095  

UPM-Kymmene OYJ

     331,752       12,066,557  

Valmet OYJ

     73,164       2,070,812  

Wartsila OYJ Abp

     248,695       3,668,637  

YIT OYJ(a)

     62,726       133,619  
   

 

 

  
      117,587,110  
France — 9.5%            

ABC arbitrage

     47,830       228,728  

Accor SA

     105,860       4,180,781  

Aeroports de Paris SA

     17,099       2,288,014  

Air France-KLM, NVS(b)

     68,788       876,783  

Air Liquide SA

     300,376       56,210,352  

Airbus SE

     335,690       53,470,665  

Alstom SA

     181,351       2,286,910  

Alten SA

     21,091       3,261,095  

 

 

50  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
France (continued)            

Amundi SA(c)

     32,720     $ 2,213,102  

Aperam SA

     28,002       862,913  

ArcelorMittal SA

     296,795       8,173,739  

Arkema SA

     37,846       4,118,893  

Atos SE(a)(b)

     70,182       299,601  

AXA SA

     1,042,656       34,997,072  

BioMerieux

     26,292       2,829,761  

BNP Paribas SA

     602,465       40,476,109  

Bollore SE

     544,118       3,593,916  

Bouygues SA

     130,400       4,776,890  

Bureau Veritas SA

     172,882       4,598,468  

Capgemini SE

     91,455       20,332,403  

Carrefour SA

     354,981       6,060,341  

CGG SA(a)(b)

     553,323       265,369  

Cie. de Saint-Gobain

     267,297       18,899,643  

Cie. Generale des Etablissements Michelin SCA

     381,048       12,651,808  

Cie. Plastic Omnium SA

     41,178       471,960  

Clariane SE(a)

     60,136       151,972  

Coface SA

     61,101       825,644  

Covivio SA/France

     32,234       1,560,896  

Credit Agricole SA

     593,304       8,498,991  

Danone SA

     364,620       24,292,302  

Dassault Aviation SA

     15,254       2,889,235  

Dassault Systemes SE

     371,250       19,244,956  

Edenred SE

     145,359       8,682,072  

Eiffage SA

     46,819       4,898,680  

Elior Group SA(a)(b)(c)

     119,008       343,883  

Elis SA

     131,510       2,891,492  

Engie SA

     1,004,737       16,048,133  

Esker SA(a)

     5,448       914,878  

EssilorLuxottica SA

     166,985        32,724,552  

Eurazeo SE

     23,810       2,028,141  

Euroapi SA(a)(b)

     59,250       395,978  

Eurofins Scientific SE

     74,701       4,498,253  

Euronext NV(c)

     51,000       4,485,815  

Eutelsat Communications SACA(a)(b)

     134,163       489,342  

Fnac Darty SA

     15,728       420,173  

Forvia SE(b)

     101,783       1,749,368  

Gaztransport Et Technigaz SA

     21,056       2,952,000  

Gecina SA

     26,484       2,920,830  

Getlink SE

     244,815       4,218,427  

Hermes International SCA

     17,924       37,813,529  

ICADE

     18,315       620,077  

Imerys SA

     19,360       643,840  

Ipsen SA

     24,773       2,856,305  

IPSOS SA

     25,806       1,693,667  

JCDecaux SE(b)

     75,240       1,562,759  

Kering SA

     41,480       17,038,880  

Klepierre SA

     129,634       3,356,311  

La Francaise des Jeux SAEM(c)

     57,701       2,338,829  

Legrand SA

     155,140       15,035,486  

L’Oreal SA

     137,472       65,787,778  

LVMH Moet Hennessy Louis Vuitton SE

     158,361       131,765,622  

Neoen SA(c)

     52,347       1,513,511  

Nexans SA

     14,747       1,342,247  

Nexity SA

     18,797       313,313  

Orange SA

     1,085,142       12,904,424  

Pernod Ricard SA

     117,592       19,283,389  

Publicis Groupe SA

     128,958       12,920,757  

Remy Cointreau SA

     13,813       1,399,589  

Renault SA

     115,539       4,351,162  

Rexel SA

     116,347       3,098,701  
Security   Shares     Value  
France (continued)            

Rubis SCA

     63,053     $ 1,594,391  

Safran SA

     193,581       36,143,286  

Sanofi SA

     652,827       65,377,710  

Sartorius Stedim Biotech

     15,589       4,200,257  

Schneider Electric SE

     307,473       60,403,069  

SCOR SE

     74,709       2,228,656  

SEB SA

     15,442       1,885,628  

SES SA, Class A

     231,230       1,418,718  

Societe BIC SA

     15,634       1,081,756  

Societe Generale SA

     399,799       10,276,841  

Sodexo SA

     51,931       5,858,281  

SOITEC(b)

     16,272       2,351,776  

Sopra Steria Group SACA

     7,366       1,727,725  

SPIE SA

     95,182       3,148,389  

Teleperformance SE

     33,730       5,267,750  

Thales SA

     59,764       8,740,727  

TotalEnergies SE

     1,314,298        85,265,851  

Trigano SA

     8,667       1,365,229  

Ubisoft Entertainment SA(b)

     58,532       1,291,104  

Unibail-Rodamco-Westfield, New(b)

     68,604       4,912,369  

Valeo SE

     133,635       1,744,277  

Vallourec SACA(a)(b)

     88,092       1,260,261  

Valneva SE(b)

     82,611       336,759  

Veolia Environnement SA

     374,920       12,216,334  

Verallia SA(c)

     47,182       1,663,842  

Vinci SA

     304,742       38,495,700  

Virbac SACA

     3,693       1,332,761  

Vivendi SE

     416,189       4,690,266  

Wendel SE

     18,794       1,703,912  

Worldline SA/France(b)(c)

     139,764       1,889,398  
   

 

 

  
      1,144,064,528  
Germany — 6.6%            

adidas AG

     94,992       17,933,348  

AIXTRON SE

     61,115       2,274,592  

Allianz SE, Registered

     228,373       61,015,774  

Amadeus Fire AG

     6,730       813,012  

Aroundtown SA(a)(b)

     607,187       1,354,473  

Aurubis AG

     24,058       1,730,571  

BASF SE

     510,058       24,382,808  

Bayer AG, Registered

     554,196       17,244,703  

Bayerische Motoren Werke AG

     176,908       18,407,825  

Bechtle AG

     32,795       1,700,514  

Befesa SA(c)

     30,202       1,061,328  

Beiersdorf AG

     54,768       8,014,730  

Brenntag SE

     86,771       7,671,423  

CANCOM SE

     24,078       764,322  

Carl Zeiss Meditec AG, Bearer

     24,780       2,612,102  

Ceconomy AG(b)

     146,808       356,618  

Commerzbank AG

     620,271       7,122,939  

CompuGroup Medical SE & Co. KgaA

     19,164       821,650  

Continental AG

     63,722       5,205,491  

Covestro AG(b)(c)

     105,966       5,595,585  

CTS Eventim AG & Co. KGaA

     41,521       2,810,023  

Daimler Truck Holding AG

     284,720       10,175,084  

Delivery Hero SE(b)(c)

     99,110       2,248,735  

Dermapharm Holding SE

     18,030       766,917  

Deutsche Bank AG, Registered

     1,138,214       14,703,136  

Deutsche Boerse AG

     105,637       21,036,515  

Deutsche Lufthansa AG, Registered(b)

     394,252       3,278,352  

Deutsche Pfandbriefbank AG(a)(c)

     131,195       789,543  

Deutsche Post AG, Registered

     563,805       27,002,961  

Deutsche Telekom AG, Registered

     1,838,678       45,135,517  

 

 

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

   51

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Germany (continued)            

Duerr AG

     30,638     $ 700,490  

E.ON SE

     1,243,315       16,821,152  

Eckert & Ziegler Strahlen- und Medizintechnik AG

     14,730       732,615  

Encavis AG(b)

     85,605       1,191,820  

Evonik Industries AG

     122,962       2,262,027  

Evotec SE(b)

     102,356       1,565,750  

Fielmann Group AG

     16,050       835,121  

flatexDEGIRO AG(b)

     67,743       740,774  

Fraport AG Frankfurt Airport Services Worldwide(b)

     26,420       1,550,642  

Freenet AG

     103,301       2,854,484  

Fresenius Medical Care AG & Co. KGaA

     116,923       4,519,027  

Fresenius SE & Co. KGaA

     234,068       6,570,952  

GEA Group AG

     105,452       4,223,251  

Gerresheimer AG

     15,868       1,617,726  

Grand City Properties SA(b)

     58,902       571,746  

GRENKE AG

     17,210       416,780  

Hamborner REIT AG

     159,874       1,130,051  

Hannover Rueck SE

     33,502       8,030,995  

Heidelberg Materials AG

     78,920       7,287,823  

HelloFresh SE(b)

     84,543       1,118,060  

Henkel AG & Co. KGaA

     72,271       4,942,661  

Hensoldt AG

     27,145       814,917  

Hugo Boss AG

     43,591       2,722,459  

Hypoport SE(a)(b)

     2,981       633,201  

Infineon Technologies AG

     740,909        27,011,263  

Jenoptik AG

     35,502       1,108,700  

K+S AG, Registered

     117,898       1,653,665  

KION Group AG

     46,080       2,102,396  

Knorr-Bremse AG

     40,736       2,516,104  

Kontron AG

     22,239       515,733  

Krones AG

     10,902       1,351,029  

LANXESS AG

     49,758       1,328,355  

LEG Immobilien SE(b)

     40,435       3,355,282  

Mercedes-Benz Group AG

     449,224       30,328,360  

Merck KGaA

     72,874       11,956,837  

METRO AG(b)

     103,657       698,644  

MorphoSys AG(b)

     47,835       2,003,414  

MTU Aero Engines AG

     31,025       7,133,583  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered

     77,865       33,148,604  

Nagarro SE(a)(b)

     10,344       1,011,000  

Nemetschek SE

     39,732       3,666,216  

Nordex SE(a)(b)

     89,026       908,357  

Norma Group SE

     16,634       270,504  

Patrizia SE

     16,106       137,416  

Pfeiffer Vacuum Technology AG

     3,518       590,296  

ProSiebenSat.1 Media SE(a)

     138,073       971,304  

Puma SE

     61,998       2,495,035  

Rational AG

     2,385       1,832,122  

Redcare Pharmacy NV(b)(c)

     10,382       1,445,126  

Rheinmetall AG

     24,789       8,680,383  

RWE AG

     374,010       13,810,551  

SAP SE

     598,882       103,754,255  

Scout24 SE(c)

     50,121       3,690,424  

Siemens AG, Registered

     434,514       77,788,367  

Siemens Healthineers AG(c)

     163,430       9,095,080  

Siltronic AG

     14,608       1,372,980  

Sixt SE

     12,816       1,248,996  

Stabilus SE

     15,573       1,091,253  

Stroeer SE & Co. KGaA

     33,522       1,968,146  

Suedzucker AG

     70,223       991,124  

Symrise AG, Class A

     74,427       7,678,910  
Security   Shares     Value  
Germany (continued)            

TAG Immobilien AG(b)

     105,026     $ 1,470,031  

Talanx AG(b)

     35,813       2,512,675  

TeamViewer SE(b)(c)

     107,038       1,534,565  

thyssenkrupp AG

     285,935       1,764,701  

United Internet AG, Registered

     64,818       1,703,587  

Varta AG(a)(b)

     18,538       348,283  

VERBIO Vereinigte BioEnergie AG

     18,878       412,950  

Vitesco Technologies Group AG(b)

     4,599       401,924  

Volkswagen AG

     18,653       2,633,451  

Vonovia SE

     411,660       12,824,178  

Wacker Chemie AG

     10,316       1,118,468  

Zalando SE(b)(c)

     129,599       2,587,655  
   

 

 

  
       787,907,397  
Hong Kong — 1.7%            

AIA Group Ltd.

     6,629,200       51,988,944  

ASMPT Ltd.

     160,900       1,552,745  

Bank of East Asia Ltd. (The)

     1,113,200       1,265,886  

BOC Hong Kong Holdings Ltd.

     2,348,000       5,627,670  

Budweiser Brewing Co. APAC Ltd.(a)(c)

     1,037,000       1,634,459  

Cafe de Coral Holdings Ltd.

     136,000       136,791  

Champion REIT(a)

     1,104,000       262,882  

CITIC Telecom International Holdings Ltd.

     2,837,000       1,011,598  

CK Asset Holdings Ltd.

     1,154,500       5,209,496  

CK Hutchison Holdings Ltd.

     1,456,500       7,522,560  

CK Infrastructure Holdings Ltd.

     464,500       2,758,592  

CLP Holdings Ltd.

     873,500       6,947,328  

Comba Telecom Systems Holdings Ltd.

     2,564,000       213,978  

Dah Sing Financial Holdings Ltd.

     122,000       245,701  

ESR Group Ltd.(c)

     1,319,600       1,686,809  

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

     39,312       1,836,657  

Galaxy Entertainment Group Ltd.

     1,209,000       6,274,564  

Hang Lung Group Ltd.

     300,000       361,147  

Hang Lung Properties Ltd.

     1,154,000       1,339,747  

Hang Seng Bank Ltd.

     432,800       4,505,521  

Health and Happiness H&H International Holdings Ltd.

     133,000       173,745  

Henderson Land Development Co. Ltd.

     977,572       2,547,182  

HKBN Ltd.(a)

     534,000       221,910  

HKT Trust & HKT Ltd., Class SS

     2,285,000       2,744,879  

Hong Kong & China Gas Co. Ltd.

     6,461,482       4,598,165  

Hong Kong Exchanges & Clearing Ltd.

     627,300       19,018,982  

Hongkong Land Holdings Ltd.

     679,800       2,121,999  

Hysan Development Co. Ltd.

     322,000       555,770  

Jardine Matheson Holdings Ltd.

     97,000       3,894,949  

Johnson Electric Holdings Ltd.

     145,000       190,151  

Kerry Logistics Network Ltd.(a)

     190,898       212,098  

Kerry Properties Ltd.

     538,000       854,335  

Link REIT

     1,537,400       7,711,109  

Luk Fook Holdings International Ltd.

     182,000       450,892  

Man Wah Holdings Ltd.

     1,271,200       792,408  

Melco International Development Ltd.(b)

     371,000       240,623  

Melco Resorts & Entertainment Ltd., ADR(b)

     171,742       1,341,305  

MTR Corp. Ltd.

     749,500       2,438,356  

New World Development Co. Ltd.(a)

     1,013,000       1,241,586  

NWS Holdings Ltd.

     1,413,000       1,227,785  

Pacific Basin Shipping Ltd.

     2,662,000       740,992  

PCCW Ltd.

     4,788,000       2,476,602  

Power Assets Holdings Ltd.

     755,500       4,423,592  

Sands China Ltd.(b)

     1,358,800       3,566,536  

Sino Land Co. Ltd.

     2,102,000       2,195,673  

SITC International Holdings Co. Ltd.(a)

     694,000       1,053,036  

SJM Holdings Ltd.(a)(b)

     1,333,000       374,611  

 

 

52  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Hong Kong (continued)            

Sun Hung Kai Properties Ltd.

     828,000     $ 7,728,043  

Swire Pacific Ltd., Class A

     229,000       1,771,780  

Swire Properties Ltd.

     757,000       1,414,661  

Techtronic Industries Co. Ltd.

     776,000       8,241,977  

Value Partners Group Ltd.(a)

     1,383,000       318,456  

Vitasoy International Holdings Ltd.(a)

     504,000       386,860  

Vobile Group Ltd.(b)

     1,288,000       238,892  

VTech Holdings Ltd.

     101,800       589,624  

WH Group Ltd.(c)

     5,692,500       3,358,544  

Wharf Holdings Ltd. (The)

     173,045       505,583  

Wharf Real Estate Investment Co. Ltd.

     1,026,000       3,006,009  

Xinyi Glass Holdings Ltd.

     1,147,000       950,891  

Yue Yuen Industrial Holdings Ltd.

     614,500       579,490  
   

 

 

  
       198,883,156  
Ireland — 0.7%            

AIB Group PLC

     822,355       3,612,132  

Bank of Ireland Group PLC

     599,339       5,511,509  

Cairn Homes PLC

     1,040,139       1,595,912  

CRH PLC

     421,519       29,903,239  

Flutter Entertainment PLC(b)

     99,788       20,482,096  

Glanbia PLC

     148,485       2,654,137  

Glenveagh Properties PLC(b)(c)

     1,336,429       1,770,686  

Greencore Group PLC(b)

     377,793       490,268  

Kerry Group PLC, Class A

     89,746       7,999,420  

Kingspan Group PLC

     87,081       7,072,422  

Smurfit Kappa Group PLC

     139,228       5,188,302  
   

 

 

  
      86,280,123  
Israel — 0.9%            

Airport City Ltd.(b)

     52,557       876,965  

Alony Hetz Properties & Investments Ltd.

     145,627       1,102,194  

Amot Investments Ltd.

     177,005       919,625  

Azrieli Group Ltd.

     36,539       2,462,094  

Bank Hapoalim BM

     715,555       6,087,878  

Bank Leumi Le-Israel BM

     872,197       6,624,481  

Bezeq The Israeli Telecommunication Corp. Ltd.

     948,661       1,254,854  

Big Shopping Centers Ltd.(b)

     19,985       2,032,139  

Camtek Ltd./Israel(b)

     18,109       1,403,444  

Check Point Software Technologies Ltd.(a)(b)

     57,758       9,179,479  

CyberArk Software Ltd.(a)(b)

     25,884       6,043,396  

Delek Group Ltd.

     8,198       1,015,172  

Elbit Systems Ltd.

     18,086       3,730,840  

Electra Ltd./Israel

     1,918       731,018  

Energix-Renewable Energies Ltd.(a)

     416,457       1,519,306  

Enlight Renewable Energy Ltd.(b)

     113,907       2,057,550  

First International Bank Of Israel Ltd. (The)

     66,676       2,673,916  

Fiverr International Ltd.(a)(b)

     30,207       813,172  

G City Ltd.

     39,119       125,149  

Gav-Yam Lands Corp. Ltd.

     2       16  

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

     51,229       1,934,919  

Harel Insurance Investments & Financial Services Ltd.

     92,609       768,187  

ICL Group Ltd.

     456,017       2,074,098  

Inmode Ltd.(a)(b)

     57,122       1,353,220  

Isracard Ltd.

     408,727       1,466,985  

Israel Discount Bank Ltd., Class A

     794,055       3,851,873  

Kornit Digital Ltd.(b)

     34,222       585,538  

Melisron Ltd.

     23,287       1,707,718  

Mivne Real Estate KD Ltd.

     793,036       2,145,850  

Mizrahi Tefahot Bank Ltd.

     87,170       3,244,233  

Monday.com Ltd.(b)

     11,489       2,413,150  

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

     306,085       734,604  
Security   Shares     Value  
Israel (continued)            

Nice Ltd.(b)

     36,177     $ 7,506,072  

Nova Ltd.(b)

     17,353       2,471,180  

Paz Oil Co. Ltd.

     8,161       670,834  

Perion Network Ltd.(b)

     26,715       792,580  

Phoenix Holdings Ltd. (The)

     89,216       907,377  

Radware Ltd.(a)(b)

     31,475       575,363  

Reit 1 Ltd.

     193,984       865,964  

Shapir Engineering and Industry Ltd.(a)

     261,477       1,474,016  

Shikun & Binui Ltd.(b)

     242,824       633,632  

Shufersal Ltd.(b)

     191,642       1,028,247  

Strauss Group Ltd.(b)

     43,554       845,879  

Teva Pharmaceutical Industries Ltd., ADR(b)

     640,498       7,750,026  

Tower Semiconductor Ltd.(b)

     53,439       1,523,838  

Wix.com Ltd.(b)

     35,557       4,511,472  

ZIM Integrated Shipping Services Ltd.(a)

     56,575       848,625  
   

 

 

  
       105,338,168  
Italy — 2.3%            

A2A SpA

     913,570       1,811,302  

ACEA SpA

     30,246       477,300  

Amplifon SpA

     85,149       2,779,137  

Anima Holding SpA(c)

     118,248       533,706  

Ascopiave SpA

     48,700       118,155  

Assicurazioni Generali SpA

     588,157       13,119,970  

Azimut Holding SpA

     50,275       1,401,602  

Banca Generali SpA

     30,187       1,150,816  

Banca Mediolanum SpA

     194,314       1,988,556  

Banca Popolare di Sondrio SpA

     428,296       3,254,196  

Banco BPM SpA

     894,922       4,828,366  

BFF Bank SpA(c)

     213,046       2,302,312  

BPER Banca

     552,349       1,992,247  

Brembo SpA

     184,912       2,277,526  

Brunello Cucinelli SpA

     19,225       1,905,906  

Buzzi SpA

     49,875       1,695,251  

De’ Longhi SpA

     45,368       1,469,430  

DiaSorin SpA

     13,460       1,237,768  

Enav SpA(c)

     168,128       622,228  

Enel SpA

     4,606,013       31,428,557  

Eni SpA

     1,327,782       21,166,624  

ERG SpA

     37,936       1,112,378  

Ferrari NV

     72,290       25,210,209  

FinecoBank Banca Fineco SpA

     331,772       4,783,608  

Hera SpA

     697,396       2,456,666  

Infrastrutture Wireless Italiane SpA(c)

     158,324       1,914,458  

Interpump Group SpA

     36,161       1,787,490  

Intesa Sanpaolo SpA

     8,961,623       27,613,391  

Iren SpA

     406,793       853,765  

Italgas SpA

     246,375       1,404,682  

Leonardo SpA

     228,919       3,995,566  

Mediobanca Banca di Credito Finanziario SpA

     367,055       4,861,277  

Moncler SpA

     122,228       7,519,066  

Nexi SpA(b)(c)

     330,428       2,534,535  

Pirelli & C SpA(c)

     178,859       969,313  

Poste Italiane SpA(c)

     296,945       3,219,967  

Prysmian SpA

     163,182       7,181,612  

Recordati Industria Chimica e Farmaceutica SpA

     71,904       3,968,688  

Reply SpA

     12,404       1,700,717  

Saipem SpA(b)

     777,224       1,114,865  

Salvatore Ferragamo SpA(a)

     31,003       395,433  

Snam SpA

     1,148,193       5,607,710  

Stellantis NV

     1,246,714       27,460,925  

Tamburi Investment Partners SpA

     75,895       741,083  

Technogym SpA(c)

     103,634       1,026,262  

 

 

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

   53

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Italy (continued)            

Telecom Italia SpA/Milano(a)(b)

     5,536,123     $ 1,668,628  

Tenaris SA, NVS

     307,072       4,849,983  

Terna - Rete Elettrica Nazionale

     830,324       7,001,333  

UniCredit SpA

     934,925       27,385,876  

Unipol Gruppo SpA

     462,961       2,874,806  
   

 

 

  
       280,775,247  
Japan — 22.0%            

77 Bank Ltd. (The)

     106,100       2,552,056  

ABC-Mart Inc.

     63,600       1,102,220  

Activia Properties Inc.

     307       836,073  

ADEKA Corp.

     40,500       792,451  

Advance Logistics Investment Corp.(a)

     949       824,664  

Advance Residence Investment Corp.

     782       1,722,085  

Advantest Corp.

     442,900       17,626,454  

Aeon Co. Ltd.

     388,900       9,293,612  

Aeon Delight Co. Ltd.

     17,500       448,262  

AEON Financial Service Co. Ltd.

     120,700       1,099,292  

Aeon Mall Co. Ltd.

     47,800       591,670  

AEON REIT Investment Corp.

     767       722,730  

AGC Inc.

     109,100       4,103,059  

Ai Holdings Corp.

     23,900       401,210  

Aica Kogyo Co. Ltd.

     20,000       463,420  

Aiful Corp.

     509,800       1,278,146  

Ain Holdings Inc.

     15,500       505,819  

Air Water Inc.

     110,500       1,459,619  

Aisin Corp.

     93,000       3,472,163  

Ajinomoto Co. Inc.

     256,000       10,512,619  

Alfresa Holdings Corp.

     113,800       1,866,199  

Alps Alpine Co. Ltd.

     128,400       952,924  

Amada Co. Ltd.

     132,200       1,426,654  

Amano Corp.

     38,300       882,609  

ANA Holdings Inc.(b)

     91,000       2,010,933  

Anritsu Corp.

     69,500       550,345  

Aozora Bank Ltd.(a)

     49,800       1,094,747  

Arcs Co. Ltd.

     16,400       326,315  

Ariake Japan Co. Ltd.

     13,000       416,854  

Artience Co. Ltd.

     17,600       329,325  

As One Corp.

     22,100       834,312  

Asahi Group Holdings Ltd.

     279,800       10,399,590  

Asahi Holdings Inc.

     107,400       1,495,503  

Asahi Intecc Co. Ltd.

     120,700       2,293,407  

Asahi Kasei Corp.

     704,700       5,344,121  

Asics Corp.

     94,000       2,856,295  

Astellas Pharma Inc.

     1,126,200       13,111,753  

Atom Corp.(a)(b)

     136,700       868,577  

Autobacs Seven Co. Ltd.

     63,300       688,141  

Awa Bank Ltd. (The)

     13,900       233,144  

Azbil Corp.

     50,300       1,625,429  

Bandai Namco Holdings Inc.

     348,700       7,550,240  

BayCurrent Consulting Inc.

     82,200       1,911,068  

Benefit One Inc.(a)

     56,600       807,671  

Benesse Holdings Inc.

     86,900       1,536,777  

Bic Camera Inc.

     83,500       778,345  

BIPROGY Inc.

     36,500       1,068,663  

BML Inc.

     19,300       373,004  

Bridgestone Corp.

     311,600       13,502,464  

Brother Industries Ltd.

     125,000       2,094,071  

Calbee Inc.

     55,200       1,160,315  

Canon Inc.

     570,000       15,701,861  

Canon Marketing Japan Inc.

     27,900       848,861  

Capcom Co. Ltd.

     94,000       3,585,044  

Casio Computer Co. Ltd.

     90,300       778,594  
Security   Shares     Value  
Japan (continued)            

Central Glass Co. Ltd.

     24,900     $ 465,882  

Central Japan Railway Co.

     451,000        11,271,679  

Change Holdings Inc.

     40,300       370,607  

Chiba Bank Ltd. (The)

     269,500       1,997,066  

Chiyoda Corp.(a)(b)

     208,900       479,105  

Chubu Electric Power Co. Inc.

     382,000       4,955,566  

Chudenko Corp.

     12,200       230,036  

Chugai Pharmaceutical Co. Ltd.

     405,200       14,575,133  

Chugin Financial Group Inc., NVS

     129,500       916,996  

Chugoku Electric Power Co. Inc. (The)

     154,900       1,101,385  

Citizen Watch Co. Ltd.

     128,900       817,523  

CKD Corp.

     25,800       454,933  

Coca-Cola Bottlers Japan Holdings Inc.

     106,600       1,446,777  

COLOPL Inc.

     50,700       216,562  

Colowide Co. Ltd.

     35,100       561,158  

Comforia Residential REIT Inc.

     343       718,869  

COMSYS Holdings Corp.

     47,200       1,033,448  

Comture Corp.

     30,100       372,208  

Concordia Financial Group Ltd.

     781,600       3,724,671  

Cosmo Energy Holdings Co. Ltd.

     46,300       1,922,983  

Cosmos Pharmaceutical Corp.

     9,900       1,063,400  

CRE Logistics REIT Inc.

     1,199       1,254,357  

Create Restaurants Holdings Inc.(a)

     112,600       845,087  

Create SD Holdings Co. Ltd.

     10,900       237,198  

Credit Saison Co. Ltd.

     59,000       1,095,127  

CyberAgent Inc.

     244,700       1,579,252  

CYBERDYNE Inc.(a)(b)

     129,300       179,765  

Dai Nippon Printing Co. Ltd.

     120,600       3,490,157  

Daicel Corp.

     133,200       1,304,983  

Daido Steel Co. Ltd.

     59,000       614,802  

Daifuku Co. Ltd.

     145,900       2,877,147  

Daihen Corp.

     15,500       734,462  

Dai-ichi Life Holdings Inc.

     546,900       11,995,028  

Daiichi Sankyo Co. Ltd.

     1,048,900       31,403,053  

Daiichikosho Co. Ltd.

     46,600       638,413  

Daikin Industries Ltd.

     148,100       23,730,388  

Daio Paper Corp.

     94,500       711,796  

Daiseki Co. Ltd.

     29,460       842,346  

Daishi Hokuetsu Financial Group Inc.

     21,700       601,407  

Daito Trust Construction Co. Ltd.

     35,300       4,015,393  

Daiwa House Industry Co. Ltd.

     369,700       11,431,842  

Daiwa House REIT Investment Corp.

     1,086       1,918,854  

Daiwa Office Investment Corp.

     146       622,400  

Daiwa Securities Group Inc.

     788,500       5,651,071  

Daiwa Securities Living Investments Corp.

     1,127       810,830  

Daiwabo Holdings Co. Ltd.

     101,300       2,202,737  

DCM Holdings Co. Ltd.

     108,500       1,010,725  

DeNA Co. Ltd.

     40,300       406,889  

Denka Co. Ltd.

     38,400       669,628  

Denso Corp.

     1,042,600       16,377,212  

Dentsu Group Inc.

     120,300       3,192,914  

Dentsu Soken Inc.

     24,200       903,526  

Descente Ltd.

     21,300       491,967  

Dexerials Corp.

     32,300       930,837  

DIC Corp.

     104,600       1,974,145  

Digital Arts Inc.

     15,000       514,158  

Digital Garage Inc.

     29,900       720,869  

Dip Corp.

     21,900       374,013  

Disco Corp.

     50,200       13,545,917  

DMG Mori Co. Ltd.

     51,600       1,033,216  

Dowa Holdings Co. Ltd.

     24,800       864,908  

DTS Corp.

     30,400       747,701  

 

 

54  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Duskin Co. Ltd.

     14,100     $ 327,380  

Earth Corp.

     10,000       306,126  

East Japan Railway Co.

     167,600       9,585,483  

Ebara Corp.

     52,600       3,294,185  

EDION Corp.

     68,300       752,074  

eGuarantee Inc.

     21,900       285,437  

Eiken Chemical Co. Ltd.

     14,400       179,482  

Eisai Co. Ltd.

     145,200       6,837,269  

Elecom Co. Ltd.

     29,300       340,760  

Electric Power Development Co. Ltd.

     97,100       1,631,039  

en Japan Inc.

     18,500       341,907  

ENEOS Holdings Inc.

     1,789,900       7,228,606  

eRex Co. Ltd.(a)

     44,600       248,050  

Euglena Co. Ltd.(a)(b)

     163,400       765,728  

EXEO Group Inc.

     50,800       1,134,572  

Ezaki Glico Co. Ltd.

     22,300       652,464  

Fancl Corp.

     40,900       645,877  

FANUC Corp.

     542,000       14,993,001  

Fast Retailing Co. Ltd.

     98,400       26,270,514  

FCC Co. Ltd.

     15,200       198,024  

Ferrotec Holdings Corp.

     33,100       638,379  

Food & Life Companies Ltd.

     65,100       1,302,678  

FP Corp.

     25,100       486,280  

Freee KK(a)(b)

     30,000       564,726  

Frontier Real Estate Investment Corp.

     246       727,146  

Fuji Corp./Aichi

     37,500       635,380  

Fuji Electric Co. Ltd.

     87,200       4,366,976  

Fuji Kyuko Co. Ltd.

     14,900       440,424  

Fuji Oil Holdings Inc.

     21,300       341,203  

Fuji Seal International Inc.

     19,200       226,422  

Fuji Soft Inc.

     31,800       1,393,870  

FUJIFILM Holdings Corp.

     209,000       13,247,444  

Fujikura Ltd.

     137,200       1,127,854  

Fujimi Inc.

     40,500       811,612  

Fujitec Co. Ltd.

     39,600       1,010,412  

Fujitsu General Ltd.

     45,300       663,742  

Fujitsu Ltd.

     100,800        13,952,156  

Fujiya Co. Ltd.(a)

     20,500       344,339  

Fukuoka Financial Group Inc.

     102,700       2,524,086  

Fukuoka REIT Corp.

     390       461,308  

Fukuyama Transporting Co. Ltd.

     12,300       340,183  

Funai Soken Holdings Inc.

     21,000       365,643  

Furukawa Electric Co. Ltd.

     25,700       467,494  

Fuso Chemical Co. Ltd.

     11,500       323,840  

Future Corp.

     42,800       507,978  

Fuyo General Lease Co. Ltd.

     7,500       670,697  

Giken Ltd.

     7,600       111,472  

Global One Real Estate Investment Corp.

     295       219,776  

Glory Ltd.

     23,700       489,676  

GLP J-REIT

     2,358       2,105,301  

GMO internet group Inc.

     53,600       965,999  

GMO Payment Gateway Inc.

     23,900       1,442,085  

GNI Group Ltd.(b)

     51,500       923,054  

Goldwin Inc.

     17,400       1,170,485  

Gree Inc.

     84,000       334,166  

GS Yuasa Corp.

     32,500       468,740  

GungHo Online Entertainment Inc.(b)

     35,200       591,796  

Gunma Bank Ltd. (The)

     206,000       1,015,828  

H.U. Group Holdings Inc.

     32,700       607,889  

H2O Retailing Corp.

     71,400       764,430  

Hachijuni Bank Ltd. (The)

     255,800       1,394,086  

Hakuhodo DY Holdings Inc.

     136,300       1,046,951  
Security   Shares     Value  
Japan (continued)            

Hamakyorex Co. Ltd.

     7,200     $ 200,478  

Hamamatsu Photonics KK

     91,600       3,618,649  

Hankyu Hanshin Holdings Inc.

     134,600       4,118,157  

Hankyu Hanshin REIT Inc.

     325       321,809  

Hanwa Co. Ltd.

     20,200       738,845  

Harmonic Drive Systems Inc.

     30,100       729,433  

Haseko Corp.

     129,200       1,680,102  

Hazama Ando Corp.

     77,600       626,674  

Heiwa Corp.

     49,400       733,978  

Heiwa Real Estate Co. Ltd.

     18,400       486,466  

Heiwa Real Estate REIT Inc.

     567       526,935  

Heiwado Co. Ltd.

     20,600       307,645  

Hikari Tsushin Inc.

     9,400       1,637,948  

Hino Motors Ltd.(b)

     139,900       476,303  

Hioki E.E. Corp.

     9,600       426,009  

Hirogin Holdings Inc.

     254,000       1,704,416  

Hirose Electric Co. Ltd.

     16,205       1,885,497  

HIS Co. Ltd.(a)(b)

     28,800       349,874  

Hisamitsu Pharmaceutical Co. Inc.

     30,700       875,020  

Hitachi Construction Machinery Co. Ltd.

     38,300       1,086,663  

Hitachi Ltd.

     530,600       41,678,815  

Hitachi Zosen Corp.

     125,000       771,288  

Hogy Medical Co. Ltd.

     9,400       226,614  

Hokkaido Electric Power Co. Inc.

     89,600       399,756  

Hokuetsu Corp.(a)

     106,600       1,007,840  

Hokuhoku Financial Group Inc.

     58,100       615,514  

Hokuriku Electric Power Co.(b)

     74,500       364,286  

Honda Motor Co. Ltd.

     2,624,800        29,340,172  

Horiba Ltd.

     17,900       1,436,190  

Hoshino Resorts REIT Inc.

     186       649,141  

Hoshizaki Corp.

     49,400       1,797,239  

Hosiden Corp.

     95,100       1,167,409  

House Foods Group Inc.

     29,100       640,533  

Hoya Corp.

     206,000       26,167,988  

Hulic Co. Ltd.

     213,100       2,353,123  

Hulic REIT Inc.

     529       557,072  

Ibiden Co. Ltd.

     60,200       3,029,260  

Ichibanya Co. Ltd.

     9,700       427,537  

Ichigo Inc.

     167,300       445,985  

Ichigo Office REIT Investment Corp.

     813       456,850  

Idec Corp./Japan

     33,200       664,382  

Idemitsu Kosan Co. Ltd.

     550,000       3,054,139  

IHI Corp.

     94,900       1,815,095  

Iida Group Holdings Co. Ltd.

     65,500       988,849  

Inaba Denki Sangyo Co. Ltd.

     22,100       528,053  

Inabata & Co. Ltd.

     18,100       393,846  

Industrial & Infrastructure Fund Investment Corp.

     1,500       1,357,414  

Infocom Corp.

     22,000       365,276  

Infomart Corp.(a)

     154,300       414,123  

INFRONEER Holdings Inc.

     147,352       1,540,340  

Inpex Corp.

     614,100       8,347,127  

Internet Initiative Japan Inc.

     85,800       1,663,783  

Invincible Investment Corp.

     5,459       2,244,199  

Iriso Electronics Co. Ltd.

     12,700       296,993  

Isetan Mitsukoshi Holdings Ltd.

     233,000       2,724,307  

Isuzu Motors Ltd.

     380,300       5,189,171  

Ito En Ltd.

     26,700       775,089  

ITOCHU Corp.

     668,800       30,352,887  

Itoham Yonekyu Holdings Inc.

     47,680       1,335,970  

Iwatani Corp.

     25,000       1,117,162  

Iyogin Holdings Inc., NVS

     157,100       1,068,583  

Izumi Co. Ltd.

     15,200       357,820  

 

 

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

   55

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

J Front Retailing Co. Ltd.

     223,200     $ 2,067,130  

JAFCO Group Co. Ltd.

     39,300       466,125  

Japan Airlines Co. Ltd.

     47,800       918,514  

Japan Airport Terminal Co. Ltd.

     26,000       1,032,536  

Japan Aviation Electronics Industry Ltd.

     92,800       1,595,472  

Japan Display Inc.(a)(b)

     1,150,200       155,322  

Japan Elevator Service Holdings Co. Ltd.

     102,300       1,545,905  

Japan Excellent Inc.

     483       399,340  

Japan Exchange Group Inc.

     261,300        5,783,014  

Japan Hotel REIT Investment Corp.

     4,022       2,066,899  

Japan Lifeline Co. Ltd.

     39,200       349,788  

Japan Logistics Fund Inc.

     339       626,818  

Japan Material Co. Ltd.

     100,200       1,693,159  

Japan Metropolitan Fund Invest

     4,479       3,040,538  

Japan Petroleum Exploration Co. Ltd.

     26,500       1,077,964  

Japan Post Bank Co. Ltd.

     773,600       8,045,321  

Japan Post Holdings Co. Ltd.

     1,284,500       12,296,109  

Japan Post Insurance Co. Ltd.

     104,600       1,958,309  

Japan Prime Realty Investment Corp.

     443       1,060,682  

Japan Real Estate Investment Corp.

     734       2,813,819  

Japan Securities Finance Co. Ltd.

     89,600       949,566  

Japan Steel Works Ltd. (The)

     32,700       538,176  

Japan Tobacco Inc.

     688,600       18,149,695  

JCR Pharmaceuticals Co. Ltd.

     53,200       391,989  

JCU Corp.

     9,800       247,318  

Jeol Ltd.

     29,000       1,325,702  

JFE Holdings Inc.

     331,000       5,226,099  

JGC Holdings Corp.

     121,900       1,427,871  

JINS Holdings Inc.

     15,700       442,654  

JMDC Inc.

     27,700       733,010  

Joyful Honda Co. Ltd.

     99,400       1,318,341  

JSR Corp.

     110,600       3,016,577  

JTEKT Corp.

     129,100       1,181,244  

JTOWER Inc.(a)(b)

     8,600       264,940  

Justsystems Corp.(a)

     24,400       509,811  

Kadokawa Corp.

     89,500       1,893,588  

Kagome Co. Ltd.

     48,900       1,203,923  

Kajima Corp.

     214,000       3,819,227  

Kakaku.com Inc.

     94,900       1,079,516  

Kaken Pharmaceutical Co. Ltd.

     15,600       368,421  

Kamigumi Co. Ltd.

     94,000       2,162,543  

Kanamoto Co. Ltd.

     17,700       338,087  

Kandenko Co. Ltd.

     132,600       1,363,663  

Kaneka Corp.

     16,100       391,511  

Kanematsu Corp.

     81,100       1,257,400  

Kansai Electric Power Co. Inc. (The)

     407,600       5,560,535  

Kansai Paint Co. Ltd.

     110,300       1,844,195  

Kao Corp.

     258,700       10,236,128  

Katitas Co. Ltd.

     25,100       312,058  

Kato Sangyo Co. Ltd.

     8,900       290,207  

Kawasaki Heavy Industries Ltd.

     97,200       2,200,596  

Kawasaki Kisen Kaisha Ltd.

     99,700       4,857,761  

KDDI Corp.

     842,800       27,926,208  

KDX Realty Investment Corp.

     2,143       2,324,601  

Keihan Holdings Co. Ltd.

     37,800       921,908  

Keikyu Corp.

     122,900       1,073,460  

Keio Corp.

     62,800       1,837,548  

Keisei Electric Railway Co. Ltd.

     101,000       4,570,236  

Kewpie Corp.

     54,400       968,124  

Keyence Corp.

     110,000       49,213,766  

KH Neochem Co. Ltd.

     19,500       303,881  

Kikkoman Corp.

     96,100       5,912,862  
Security   Shares     Value  
Japan (continued)            

Kinden Corp.

     122,400     $ 2,039,740  

Kintetsu Group Holdings Co. Ltd.

     99,900       3,082,660  

Kirin Holdings Co. Ltd.

     449,000       6,453,906  

Kissei Pharmaceutical Co. Ltd.

     24,300       518,877  

Ki-Star Real Estate Co. Ltd.

     5,700       134,618  

Kitz Corp.

     137,100       1,120,918  

Kiyo Bank Ltd. (The)

     109,400       1,233,031  

Kobayashi Pharmaceutical Co. Ltd.

     32,100       1,448,690  

Kobe Bussan Co. Ltd.

     62,100       1,586,823  

Kobe Steel Ltd.

     172,300       2,379,098  

Koei Tecmo Holdings Co. Ltd.

     115,180       1,434,700  

Kohnan Shoji Co. Ltd.

     17,800       472,850  

Koito Manufacturing Co. Ltd.

     86,800       1,328,846  

Kokuyo Co. Ltd.

     45,700       735,975  

Komatsu Ltd.

     536,000        15,249,174  

KOMEDA Holdings Co. Ltd.

     56,300       1,079,117  

Komeri Co. Ltd.

     17,900       401,078  

Konami Group Corp.

     53,500       3,290,153  

Konica Minolta Inc.(b)

     244,300       670,410  

Kose Corp.

     27,700       1,812,207  

Kotobuki Spirits Co. Ltd.

     71,000       955,279  

K’s Holdings Corp.

     70,600       641,625  

Kubota Corp.

     600,100       9,083,992  

Kumagai Gumi Co. Ltd.

     16,300       424,224  

Kura Sushi Inc.

     14,600       391,227  

Kuraray Co. Ltd.

     136,800       1,435,273  

Kureha Corp.

     31,500       602,980  

Kurita Water Industries Ltd.

     48,100       1,756,660  

Kusuri no Aoki Holdings Co. Ltd.

     39,000       842,000  

Kyocera Corp.

     738,000       10,804,372  

Kyorin Pharmaceutical Co. Ltd.

     23,100       279,087  

Kyoritsu Maintenance Co. Ltd.

     28,500       1,171,100  

Kyoto Financial Group Inc.

     102,700       1,706,819  

Kyowa Kirin Co. Ltd.

     131,600       2,072,959  

Kyudenko Corp.

     19,100       726,526  

Kyushu Electric Power Co. Inc.(b)

     226,200       1,694,038  

Kyushu Financial Group Inc.

     254,800       1,621,445  

Kyushu Railway Co.

     38,000       835,240  

LaSalle Logiport REIT

     859       869,866  

Lasertec Corp.

     42,000       10,938,018  

Lawson Inc.

     21,100       1,207,724  

Leopalace21 Corp.(b)

     232,700       650,916  

Lintec Corp.

     13,300       251,886  

Lion Corp.

     154,300       1,375,448  

LITALICO Inc.

     18,300       266,638  

Lixil Corp.

     142,700       1,906,896  

LY Corp.

     1,629,100       5,068,183  

M&A Capital Partners Co. Ltd.

     10,900       167,872  

M3 Inc.

     250,600       3,954,467  

Mabuchi Motor Co. Ltd.

     68,900       1,194,196  

Macnica Holdings Inc.

     39,400       2,084,885  

Makino Milling Machine Co. Ltd.

     15,700       635,925  

Makita Corp.

     118,300       3,184,043  

Mandom Corp.

     17,400       151,473  

Mani Inc.

     48,700       676,551  

Marubeni Corp.

     883,700       15,072,973  

Maruha Nichiro Corp.

     26,500       524,332  

Marui Group Co. Ltd.

     113,300       1,873,434  

Maruichi Steel Tube Ltd.

     39,500       1,006,442  

Maruwa Co. Ltd./Aichi

     8,600       1,720,738  

Maruzen Showa Unyu Co. Ltd.

     9,000       248,479  

Matsui Securities Co. Ltd.

     57,000       320,227  

 

 

56  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

MatsukiyoCocokara & Co.

     197,970     $ 3,598,455  

Mazda Motor Corp.

     371,900       4,508,709  

McDonald’s Holdings Co. Japan Ltd.(a)

     49,300       2,195,057  

Mebuki Financial Group Inc.

     540,400       1,617,523  

Medipal Holdings Corp.

     103,300       1,648,769  

Megachips Corp.

     16,200       523,074  

Megmilk Snow Brand Co. Ltd.

     25,100       393,651  

Meidensha Corp.

     20,500       367,469  

MEIJI Holdings Co. Ltd.

     105,100       2,541,802  

Meiko Electronics Co. Ltd.

     14,900       405,842  

MEITEC Group Holdings Inc.

     40,400       799,247  

Menicon Co. Ltd.

     37,800       548,933  

Mercari Inc.(b)

     74,100       1,225,158  

Milbon Co. Ltd.

     16,500       394,311  

MINEBEA MITSUMI Inc.

     207,300       4,284,934  

Mirai Corp.

     1,249       381,914  

MIRAIT ONE corp.

     39,000       515,266  

MISUMI Group Inc.

     135,600       2,324,847  

Mitani Sekisan Co. Ltd.

     6,700       230,204  

Mitsubishi Chemical Group Corp.

     653,900       3,942,847  

Mitsubishi Corp.

     2,028,000        34,952,463  

Mitsubishi Electric Corp.

     1,093,600       16,229,351  

Mitsubishi Estate Co. Ltd.

     636,900       8,824,831  

Mitsubishi Estate Logistics REIT Investment Corp.

     528       1,322,856  

Mitsubishi Gas Chemical Co. Inc.

     99,500       1,624,922  

Mitsubishi HC Capital Inc.

     415,830       2,948,419  

Mitsubishi Heavy Industries Ltd.

     177,300       11,826,525  

Mitsubishi Logistics Corp.

     45,200       1,396,189  

Mitsubishi Materials Corp.

     97,600       1,786,811  

Mitsubishi Motors Corp.

     499,000       1,572,382  

Mitsubishi UFJ Financial Group Inc.

     6,551,900       61,368,675  

Mitsui & Co. Ltd.

     747,300       30,308,414  

Mitsui Chemicals Inc.

     107,500       3,163,753  

Mitsui Fudosan Co. Ltd.

     525,300       13,187,008  

Mitsui Fudosan Logistics Park Inc.

     368       1,103,238  

Mitsui High-Tec Inc.

     27,000       1,246,227  

Mitsui Mining & Smelting Co. Ltd.

     28,200       871,811  

Mitsui OSK Lines Ltd.

     211,800       7,607,955  

Miura Co. Ltd.

     44,400       811,347  

Mixi Inc.

     31,500       540,318  

Mizuho Financial Group Inc.

     1,384,950       25,152,852  

Mizuho Leasing Co. Ltd.

     19,600       710,319  

Mochida Pharmaceutical Co. Ltd.

     20,000       452,174  

Monex Group Inc.

     118,000       614,101  

Money Forward Inc.(b)

     30,500       1,190,476  

Monogatari Corp. (The)

     29,700       1,047,235  

MonotaRO Co. Ltd.

     131,000       1,233,786  

Mori Hills REIT Investment Corp.

     770       716,607  

Mori Trust REIT Inc.

     2,421       1,229,448  

Morinaga & Co. Ltd./Japan

     50,800       969,561  

Morinaga Milk Industry Co. Ltd.

     38,600       790,470  

MOS Food Services Inc.

     23,800       553,544  

MS&AD Insurance Group Holdings Inc.

     228,500       9,435,847  

Murata Manufacturing Co. Ltd.

     980,700       19,802,414  

Musashi Seimitsu Industry Co. Ltd.

     22,300       253,113  

Nabtesco Corp.

     50,100       962,968  

Nachi-Fujikoshi Corp.

     23,300       543,376  

Nagase & Co. Ltd.

     46,900       766,847  

Nagawa Co. Ltd.(a)

     4,500       217,351  

Nagoya Railroad Co. Ltd.

     91,500       1,410,739  

Nakanishi Inc.

     48,200       788,834  

Nankai Electric Railway Co. Ltd.

     100,800       1,965,597  
Security   Shares     Value  
Japan (continued)            

NEC Corp.

     131,600     $ 8,599,363  

NEC Networks & System Integration Corp.

     113,200       1,828,092  

NET One Systems Co. Ltd.

     52,400       851,977  

Nexon Co. Ltd.

     234,300       3,739,200  

Nextage Co. Ltd.(a)

     46,200       696,081  

NGK Insulators Ltd.

     124,400       1,554,096  

NH Foods Ltd.

     47,000       1,609,570  

NHK Spring Co. Ltd.

     128,700       1,062,504  

Nichias Corp.

     30,200       705,909  

Nichicon Corp.

     39,900       348,719  

Nichiha Corp.

     12,200       245,090  

Nichirei Corp.

     54,000       1,304,245  

Nidec Corp.

     242,600       9,048,208  

Nifco Inc./Japan

     40,500       1,051,006  

Nihon Kohden Corp.

     42,600       1,298,316  

Nihon M&A Center Holdings Inc.

     178,400       1,072,341  

Nihon Parkerizing Co. Ltd.

     37,500       297,860  

Nikkon Holdings Co. Ltd.

     105,100       2,257,825  

Nikon Corp.

     148,700       1,517,563  

Nintendo Co. Ltd.

     612,400        34,215,332  

Nippn Corp., New

     72,800       1,117,628  

Nippon Accommodations Fund Inc.

     246       1,024,130  

Nippon Building Fund Inc.

     958       3,876,172  

Nippon Ceramic Co. Ltd.

     14,100       255,342  

Nippon Densetsu Kogyo Co. Ltd.

     14,800       205,289  

Nippon Electric Glass Co. Ltd.

     88,000       1,956,144  

Nippon Express Holdings Inc.

     30,400       1,809,448  

Nippon Gas Co. Ltd.

     65,000       1,006,892  

Nippon Kayaku Co. Ltd.

     62,900       561,527  

Nippon Light Metal Holdings Co. Ltd.

     104,170       1,283,569  

Nippon Paint Holdings Co. Ltd.

     533,100       4,198,868  

Nippon Paper Industries Co. Ltd.(b)

     34,800       322,568  

Nippon Prologis REIT Inc.

     1,035       1,841,474  

NIPPON REIT Investment Corp.

     193       446,901  

Nippon Sanso Holdings Corp.

     94,700       2,399,632  

Nippon Seiki Co. Ltd.

     103,800       962,128  

Nippon Shinyaku Co. Ltd.

     30,300       1,070,437  

Nippon Shokubai Co. Ltd.

     13,300       500,347  

Nippon Soda Co. Ltd.

     20,700       799,056  

Nippon Steel Corp.

     521,600       12,552,125  

Nippon Telegraph & Telephone Corp.

     16,703,400       20,975,364  

Nippon Yusen KK

     285,700       9,845,467  

Nipro Corp.

     53,100       427,621  

Nishimatsu Construction Co. Ltd.

     19,600       538,784  

Nishimatsuya Chain Co. Ltd.

     39,600       571,930  

Nishi-Nippon Financial Holdings Inc.

     68,300       786,415  

Nishi-Nippon Railroad Co. Ltd.

     30,400       505,308  

Nissan Chemical Corp.

     91,300       3,641,300  

Nissan Motor Co. Ltd.

     1,373,300       5,391,335  

Nissha Co. Ltd.

     20,200       224,084  

Nisshin Oillio Group Ltd. (The)

     17,300       528,474  

Nisshin Seifun Group Inc.

     126,400       1,763,177  

Nisshinbo Holdings Inc.

     79,200       653,668  

Nissin Foods Holdings Co. Ltd.

     92,200       2,982,797  

Nissui Corp.

     172,100       940,345  

Niterra Co. Ltd.

     104,600       2,816,732  

Nitori Holdings Co. Ltd.

     42,500       5,562,473  

Nitta Corp.

     12,000       310,540  

Nitto Boseki Co. Ltd.

     11,200       382,453  

Nitto Denko Corp.

     81,800       6,785,951  

Noevir Holdings Co. Ltd.

     13,300       472,825  

NOF Corp.

     22,700       1,025,217  

 

 

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

   57

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Nojima Corp.

     37,400     $ 471,354  

NOK Corp.

     36,300       480,811  

Nomura Co. Ltd.

     40,400       238,785  

Nomura Holdings Inc.

     1,541,900       8,304,898  

Nomura Real Estate Holdings Inc.

     34,700       949,590  

Nomura Real Estate Master Fund Inc.

     2,429       2,657,970  

Nomura Research Institute Ltd.

     206,400       6,312,439  

NS Solutions Corp.

     13,800       460,270  

NSD Co. Ltd.

     63,300       1,187,884  

NSK Ltd.

     243,900       1,329,650  

NTN Corp.

     515,100       941,994  

NTT Data Group Corp.

     396,300       5,708,157  

NTT UD REIT Investment Corp.

     663       562,997  

Obayashi Corp.

     379,300       3,511,005  

OBIC Business Consultants Co. Ltd.

     28,400       1,373,431  

Obic Co. Ltd.

     38,100       5,852,524  

Odakyu Electric Railway Co. Ltd.

     135,500       2,070,507  

Ogaki Kyoritsu Bank Ltd. (The)

     14,000       187,432  

Ohsho Food Service Corp.

     12,000       663,455  

Oisix ra daichi Inc.(a)(b)

     21,400       202,419  

Oji Holdings Corp.

     430,800       1,684,355  

Okamura Corp.

     25,100       376,178  

Oki Electric Industry Co. Ltd.

     60,600       425,792  

Okinawa Electric Power Co. Inc. (The)

     20,200       160,087  

OKUMA Corp.

     9,900       445,442  

Okumura Corp.

     14,300       500,062  

Olympus Corp.

     752,600        11,141,236  

Omron Corp.

     107,600       4,838,261  

One REIT Inc.

     152       279,526  

Ono Pharmaceutical Co. Ltd.

     211,700       3,815,708  

Open House Group Co. Ltd.

     27,600       863,110  

Open Up Group Inc.

     84,800       1,313,513  

Oracle Corp. Japan

     17,200       1,355,517  

Organo Corp.

     28,000       1,156,487  

Orient Corp.

     19,820       149,561  

Oriental Land Co. Ltd./Japan

     609,100       22,622,017  

ORIX Corp.

     674,100       13,016,376  

Orix JREIT Inc.

     1,250       1,445,887  

Osaka Gas Co. Ltd.

     195,300       4,112,403  

OSG Corp.

     40,700       553,858  

Otsuka Corp.

     65,600       2,760,301  

Otsuka Holdings Co. Ltd.

     240,000       9,433,997  

Outsourcing Inc.(b)

     71,000       828,954  

PALTAC Corp.

     13,500       411,013  

Pan Pacific International Holdings Corp.

     215,700       4,662,675  

Panasonic Holdings Corp.

     1,345,800       12,675,790  

Paramount Bed Holdings Co. Ltd.

     29,500       532,803  

Park24 Co. Ltd.(b)

     102,900       1,344,572  

Pasona Group Inc.

     21,900       399,370  

Penta-Ocean Construction Co. Ltd.

     124,000       664,388  

PeptiDream Inc.(a)(b)

     82,800       725,617  

Persol Holdings Co. Ltd.

     1,153,800       1,834,209  

Pigeon Corp.

     90,700       991,233  

Pilot Corp.

     20,000       558,516  

PKSHA Technology Inc.(b)

     30,300       792,727  

Pola Orbis Holdings Inc.

     46,500       481,042  

Prestige International Inc.

     124,200       509,985  

Prima Meat Packers Ltd.

     13,100       214,337  

Raito Kogyo Co. Ltd.

     20,000       279,582  

Raksul Inc.(b)

     48,200       374,037  

Rakus Co. Ltd.

     78,900       1,296,809  

Rakuten Group Inc.(a)(b)

     837,300       3,678,056  
Security   Shares     Value  
Japan (continued)            

Recruit Holdings Co. Ltd.

     816,200     $ 32,238,851  

Relo Group Inc.

     48,000       481,811  

Renesas Electronics Corp.(b)

     838,200       13,752,831  

Rengo Co. Ltd.

     97,000       629,051  

RENOVA Inc.(b)

     30,800       264,620  

Resona Holdings Inc.

     1,335,600       7,372,858  

Resonac Holdings Corp.

     103,500       2,063,944  

Resorttrust Inc.

     47,100       818,766  

Ricoh Co. Ltd.

     284,000       2,232,238  

Riken Keiki Co. Ltd.(a)

     12,500       617,583  

Rinnai Corp.

     40,700       922,092  

Rohm Co. Ltd.

     171,800       2,965,137  

Rohto Pharmaceutical Co. Ltd.

     101,400       2,074,809  

Rorze Corp.

     10,300       1,143,995  

Round One Corp.

     124,800       552,743  

RS Technologies Co. Ltd.

     29,700       576,558  

Ryohin Keikaku Co. Ltd.

     132,800       2,064,927  

Saizeriya Co. Ltd.

     16,200       556,134  

Sakai Moving Service Co. Ltd.

     12,400       235,693  

Sakata Seed Corp.

     28,300       704,743  

SAMTY Co. Ltd.

     27,300       465,154  

San-A Co. Ltd.

     10,800       333,566  

San-Ai Obbli Co. Ltd.

     16,500       186,046  

SanBio Co. Ltd.(a)(b)

     37,500       143,468  

Sangetsu Corp.

     71,200       1,568,276  

San-In Godo Bank Ltd. (The)

     230,100       1,622,680  

Sanken Electric Co. Ltd.

     20,000       918,863  

Sanki Engineering Co. Ltd.

     20,500       262,996  

Sankyo Co. Ltd.

     42,900       2,624,046  

Sankyu Inc.

     25,100       938,295  

Sanrio Co. Ltd.

     63,500       2,651,581  

Sansan Inc.(a)(b)

     53,700       499,905  

Santen Pharmaceutical Co. Ltd.

     134,200       1,355,732  

Sanwa Holdings Corp.

     102,700       1,569,685  

Sapporo Holdings Ltd.(a)

     56,200       2,598,622  

Sato Holdings Corp.

     7,600       111,744  

Sawai Group Holdings Co. Ltd.

     18,000       681,300  

SBI Holdings Inc.

     130,000       3,193,535  

SCREEN Holdings Co. Ltd.

     44,200       4,334,219  

SCSK Corp.

     79,400       1,558,988  

Secom Co. Ltd.

     111,800       8,114,481  

Sega Sammy Holdings Inc.

     119,400       1,757,282  

Seibu Holdings Inc.

     130,400       1,842,868  

Seiko Epson Corp.

     132,000       1,926,858  

Seino Holdings Co. Ltd.

     57,100       833,879  

Seiren Co. Ltd.

     28,900       485,046  

Sekisui Chemical Co. Ltd.

     217,900       3,111,076  

Sekisui House Ltd.

     373,600       8,433,719  

Sekisui House REIT Inc.

     2,111       1,122,817  

Senko Group Holdings Co. Ltd.

     124,500       973,391  

Seria Co. Ltd.

     29,700       544,258  

Seven & i Holdings Co. Ltd.

     417,500        16,489,086  

Seven Bank Ltd.

     822,500       1,721,758  

SG Holdings Co. Ltd.

     147,500       1,910,140  

Sharp Corp./Japan(b)

     99,600       669,741  

Shibaura Machine Co. Ltd.

     14,200       344,278  

SHIFT Inc.(a)(b)

     8,600       1,550,351  

Shiga Bank Ltd. (The)

     24,100       599,226  

Shikoku Electric Power Co. Inc.

     79,900       564,956  

Shima Seiki Manufacturing Ltd.

     22,800       231,866  

Shimadzu Corp.

     145,400       4,020,596  

Shimamura Co. Ltd.

     16,900       1,854,073  

 

 

58  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Shimano Inc.

     41,400     $ 5,944,018  

Shimizu Corp.

     212,100       1,419,824  

Shin-Etsu Chemical Co. Ltd.

     1,029,900       40,539,110  

Shinko Electric Industries Co. Ltd.

     43,600       1,611,985  

Shionogi & Co. Ltd.

     152,500       7,319,453  

Ship Healthcare Holdings Inc.

     49,700       754,290  

Shiseido Co. Ltd.

     225,700       6,291,768  

Shizuoka Financial Group Inc., NVS

     209,700       1,916,659  

SHO-BOND Holdings Co. Ltd.

     33,700       1,501,016  

Shochiku Co. Ltd.

     4,900       336,313  

Shoei Co. Ltd.

     52,200       697,619  

Skylark Holdings Co. Ltd.

     105,700       1,724,406  

SMC Corp.

     31,300        17,422,973  

SMS Co. Ltd.

     50,900       919,260  

Socionext Inc.

     93,700       2,147,424  

SoftBank Corp.

     1,643,500       21,835,283  

SoftBank Group Corp.

     583,500       25,190,047  

Sohgo Security Services Co. Ltd.

     163,900       894,728  

Sojitz Corp.

     130,860       3,088,480  

Sompo Holdings Inc.

     156,100       8,094,010  

Sony Group Corp.

     714,700       70,089,419  

Sosei Group Corp.(a)(b)

     62,100       602,796  

SOSiLA Logistics REIT Inc.

     933       757,697  

Sotetsu Holdings Inc.

     106,800       1,957,443  

Square Enix Holdings Co. Ltd.

     49,100       1,918,643  

Stanley Electric Co. Ltd.

     87,100       1,663,654  

Star Asia Investment Corp.

     1,464       574,038  

Starts Corp. Inc.

     15,900       326,169  

Subaru Corp.

     335,200       6,687,008  

Sugi Holdings Co. Ltd.

     17,800       850,478  

SUMCO Corp.

     155,700       2,360,477  

Sumitomo Bakelite Co. Ltd.

     19,300       959,162  

Sumitomo Chemical Co. Ltd.

     907,300       2,136,311  

Sumitomo Corp.

     604,600       13,904,492  

Sumitomo Electric Industries Ltd.

     417,000       5,542,597  

Sumitomo Forestry Co. Ltd.

     57,400       1,687,286  

Sumitomo Heavy Industries Ltd.

     46,000       1,193,446  

Sumitomo Metal Mining Co. Ltd.

     131,800       3,642,777  

Sumitomo Mitsui Construction Co. Ltd.

     130,600       366,305  

Sumitomo Mitsui Financial Group Inc.

     728,400       37,886,523  

Sumitomo Mitsui Trust Holdings Inc.

     375,800       7,701,366  

Sumitomo Osaka Cement Co. Ltd.

     12,700       319,942  

Sumitomo Pharma Co. Ltd.(a)

     119,300       350,202  

Sumitomo Realty & Development Co. Ltd.

     163,300       5,135,644  

Sumitomo Rubber Industries Ltd.

     126,600       1,466,594  

Sumitomo Warehouse Co. Ltd. (The)

     104,700       1,882,948  

Sundrug Co. Ltd.

     70,900       2,138,362  

Suntory Beverage & Food Ltd.

     79,800       2,603,456  

Suruga Bank Ltd.

     230,500       1,343,290  

Suzuken Co. Ltd.

     34,400       1,067,810  

Suzuki Motor Corp.

     212,000       9,522,756  

Sysmex Corp.

     93,800       5,081,360  

Systena Corp.

     234,500       473,992  

T Hasegawa Co. Ltd.

     19,300       433,102  

T&D Holdings Inc.

     268,900       4,452,646  

Tadano Ltd.

     124,300       1,011,862  

Taiheiyo Cement Corp.

     92,800       1,910,037  

Taikisha Ltd.

     14,800       441,289  

Taisei Corp.

     104,600       3,813,568  

Taisho Pharmaceutical Holdings Co. Ltd.

     21,800       1,268,618  

Taiyo Holdings Co. Ltd.

     22,500       495,760  

Taiyo Yuden Co. Ltd.

     44,400       1,072,515  
Security   Shares     Value  
Japan (continued)            

Takara Bio Inc.

     43,500     $ 369,785  

Takara Holdings Inc.

     93,600       791,896  

Takasago Thermal Engineering Co. Ltd.

     39,600       915,006  

Takashimaya Co. Ltd.

     123,300       1,717,722  

Takeda Pharmaceutical Co. Ltd.

     897,954        26,391,298  

Takeuchi Manufacturing Co. Ltd.

     28,600       977,769  

Takuma Co. Ltd.

     108,300       1,274,289  

TDK Corp.

     223,200       11,105,274  

TechnoPro Holdings Inc.

     52,500       1,210,378  

Teijin Ltd.

     79,300       729,511  

Terumo Corp.

     396,900       13,435,839  

THK Co. Ltd.

     85,300       1,640,031  

TIS Inc.

     123,300       2,742,419  

TKC Corp.

     19,000       492,154  

Toagosei Co. Ltd.

     121,200       1,160,093  

Tobu Railway Co. Ltd.

     99,600       2,637,733  

Tocalo Co. Ltd.

     112,800       1,199,869  

Toda Corp.

     105,700       666,441  

Toei Co. Ltd.

     3,500       491,201  

Toho Co. Ltd./Tokyo

     64,400       2,097,813  

Toho Gas Co. Ltd.

     40,600       815,650  

Toho Holdings Co. Ltd.

     31,300       677,911  

Tohoku Electric Power Co. Inc.

     245,200       1,636,906  

Tokai Carbon Co. Ltd.

     144,000       1,012,733  

TOKAI Holdings Corp.

     91,000       613,625  

Tokai Rika Co. Ltd.

     113,100       1,789,360  

Tokai Tokyo Financial Holdings Inc.

     396,100       1,527,969  

Tokio Marine Holdings Inc.

     1,061,800       27,996,928  

Tokuyama Corp.

     20,100       322,184  

Tokyo Century Corp.

     61,600       684,461  

Tokyo Electric Power Co. Holdings Inc.(b)

     953,100       5,074,450  

Tokyo Electron Ltd.

     270,900       50,271,568  

Tokyo Gas Co. Ltd.

     212,200       4,874,629  

Tokyo Kiraboshi Financial Group Inc.

     32,700       956,519  

Tokyo Ohka Kogyo Co. Ltd.

     49,800       1,137,457  

Tokyo Seimitsu Co. Ltd.

     47,000       3,044,363  

Tokyo Steel Manufacturing Co. Ltd.

     87,800       1,060,457  

Tokyo Tatemono Co. Ltd.

     94,400       1,454,886  

Tokyu Construction Co. Ltd.

     89,400       497,638  

Tokyu Corp.

     232,800       2,731,740  

Tokyu Fudosan Holdings Corp.

     255,500       1,708,674  

Tokyu REIT Inc.

     441       514,247  

Tomy Co. Ltd.

     109,500       1,796,524  

Topcon Corp.

     59,600       684,723  

TOPPAN Holdings Inc.

     135,500       3,734,981  

Toray Industries Inc.

     790,400       3,949,177  

Toridoll Holdings Corp.

     36,700       1,123,577  

Toshiba TEC Corp.

     17,300       358,899  

Tosoh Corp.

     124,100       1,600,225  

Totetsu Kogyo Co. Ltd.

     9,700       199,170  

TOTO Ltd.

     93,200       2,522,483  

Towa Pharmaceutical Co. Ltd.

     12,100       211,743  

Toyo Gosei Co. Ltd.(a)

     5,300       310,113  

Toyo Seikan Group Holdings Ltd.

     116,900       1,856,896  

Toyo Suisan Kaisha Ltd.

     50,500       2,629,609  

Toyo Tire Corp.

     49,300       816,325  

Toyobo Co. Ltd.

     30,300       227,415  

Toyoda Gosei Co. Ltd.

     20,900       403,546  

Toyota Boshoku Corp.

     34,600       570,115  

Toyota Industries Corp.

     92,600       7,832,025  

Toyota Motor Corp.

     6,083,300       121,470,209  

Toyota Tsusho Corp.

     113,800       7,457,476  

 

 

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

   59

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Trancom Co. Ltd.

     2,400     $ 113,737  

Transcosmos Inc.

     11,100       231,781  

TRE Holdings Corp.

     24,100       204,449  

Trend Micro Inc./Japan(b)

     77,500       4,433,726  

Tri Chemical Laboratories Inc.

     26,000       641,176  

Trusco Nakayama Corp.

     29,300       500,572  

TS Tech Co. Ltd.

     46,400       587,746  

Tsubakimoto Chain Co.

     16,800       485,864  

Tsumura & Co.

     36,400       658,556  

Tsuruha Holdings Inc.

     22,300       1,764,702  

UACJ Corp.

     14,400       397,746  

UBE Corp.

     106,700       1,773,942  

Ulvac Inc.

     42,600       2,084,990  

Unicharm Corp.

     224,600       7,728,120  

United Urban Investment Corp.

     1,264       1,279,834  

Universal Entertainment Corp.

     23,800       344,217  

Ushio Inc.

     59,300       830,748  

USS Co. Ltd.

     122,600       2,318,538  

UT Group Co. Ltd.(b)

     21,900       350,881  

Valor Holdings Co. Ltd.

     17,900       305,817  

ValueCommerce Co. Ltd.

     15,000       127,931  

Visional Inc.(b)

     13,600       851,180  

Wacoal Holdings Corp.

     23,700       552,902  

Wacom Co. Ltd.

     205,500       947,011  

WealthNavi Inc.(a)(b)

     34,700       399,355  

Welcia Holdings Co. Ltd.

     98,200       1,656,519  

West Holdings Corp.

     16,600       381,820  

West Japan Railway Co.

     126,100       5,252,004  

Yakult Honsha Co. Ltd.

     173,200       3,782,963  

Yamada Holdings Co. Ltd.

     374,000       1,142,412  

Yamaguchi Financial Group Inc.

     158,100       1,502,751  

Yamaha Corp.

     92,000       2,023,131  

Yamaha Motor Co. Ltd.

     524,000       4,952,715  

Yamato Holdings Co. Ltd.

     132,500       2,290,451  

Yamato Kogyo Co. Ltd.

     26,100       1,444,734  

Yamazaki Baking Co. Ltd.

     69,100       1,638,522  

Yaoko Co. Ltd.

     10,800       623,137  

Yaskawa Electric Corp.

     130,500       4,918,062  

Yokogawa Bridge Holdings Corp.

     17,200       332,876  

Yokogawa Electric Corp.

     121,200       2,381,665  

Yokohama Rubber Co. Ltd. (The)

     90,900       2,151,392  

Yoshinoya Holdings Co. Ltd.(a)

     37,500       836,262  

Zenkoku Hosho Co. Ltd.

     21,500       800,088  

Zensho Holdings Co. Ltd.

     57,500       2,815,701  

Zeon Corp.

     85,200       772,970  

Zojirushi Corp.

     24,800       240,017  

ZOZO Inc.

     84,600       1,852,444  
   

 

 

  
       2,639,835,392  
Netherlands — 4.0%            

Aalberts NV

     69,781       2,775,072  

ABN AMRO Bank NV, CVA(c)

     249,928       3,678,286  

Adyen NV(b)(c)

     12,487       15,661,029  

Aegon Ltd.

     1,066,048       6,289,083  

AerCap Holdings NV(b)

     114,607       8,774,312  

Akzo Nobel NV

     100,145       7,692,385  

Alfen NV(a)(b)(c)

     17,292       1,045,708  

Allfunds Group PLC

     320,911       2,300,673  

Arcadis NV

     27,620       1,516,378  

ASM International NV

     26,955       14,939,367  

ASML Holding NV

     231,206       200,591,523  

ASR Nederland NV

     89,084       4,198,216  

Basic-Fit NV(a)(b)(c)

     35,080       1,015,729  
Security   Shares     Value  
Netherlands (continued)            

BE Semiconductor Industries NV

     42,881     $ 6,444,083  

Corbion NV

     40,775       789,582  

Davide Campari-Milano NV

     339,743       3,442,015  

Eurocommercial Properties NV

     44,006       985,910  

EXOR NV, NVS

     58,984       5,706,850  

Ferrovial SE

     285,891       10,902,518  

Flow Traders Ltd., NVS

     34,456       618,872  

Heineken Holding NV

     85,185       7,147,671  

Heineken NV

     161,476       16,243,760  

IMCD NV

     34,535       5,271,447  

ING Groep NV

     2,081,978       29,581,711  

InPost SA(b)

     185,651       2,788,445  

Iveco Group NV(b)

     137,262       1,464,772  

JDE Peet’s NV

     43,491       1,073,591  

Just Eat Takeaway.com NV(a)(b)(c)

     115,652       1,746,272  

Koninklijke Ahold Delhaize NV

     533,840       15,013,263  

Koninklijke BAM Groep NV

     131,867       364,056  

Koninklijke KPN NV

     1,869,514       6,359,602  

Koninklijke Philips NV(b)

     446,251       9,440,689  

Koninklijke Vopak NV

     52,736       1,647,402  

MFE-MediaForEurope NV, NVS(a)

     71,212       257,273  

MFE-MediaForEurope NV, Class A

     171,120       436,803  

NN Group NV

     148,858       6,101,426  

NSI NV

     8,271       176,982  

OCI NV

     55,315       1,580,017  

Pharming Group NV(b)

     1,003,427       1,265,003  

PostNL NV

     194,167       282,940  

Prosus NV

     830,480       24,708,172  

Qiagen NV, NVS

     127,944       5,551,081  

Randstad NV

     66,139       3,760,677  

SBM Offshore NV

     125,527       1,598,068  

Signify NV(c)

     83,872       2,514,872  

Technip Energies NV

     83,327       1,724,917  

TKH Group NV

     26,079       1,050,142  

Universal Music Group NV

     464,997       13,707,053  

Wolters Kluwer NV

     145,438       21,440,039  
   

 

 

  
       483,665,737  
New Zealand — 0.2%            

Auckland International Airport Ltd.

     729,641       3,761,951  

Contact Energy Ltd.

     519,979       2,564,946  

EBOS Group Ltd.

     97,297       2,228,131  

Fisher & Paykel Healthcare Corp. Ltd.

     340,396       4,916,352  

Fletcher Building Ltd.

     605,359       1,672,516  

Goodman Property Trust

     859,041       1,176,199  

Infratil Ltd.

     685,132       4,419,776  

Mercury NZ Ltd.

     283,112       1,168,102  

Meridian Energy Ltd.

     842,161       2,853,064  

Ryman Healthcare Ltd.(b)

     447,919       1,556,031  

Spark New Zealand Ltd.

     1,157,834       3,761,564  

Warehouse Group Ltd. (The)

     50,712       49,286  
   

 

 

  
      30,127,918  
Norway — 0.8%            

Adevinta ASA(b)

     192,118       2,064,164  

Aker ASA, Class A

     21,677       1,288,084  

Aker BP ASA

     184,393       4,894,081  

Atea ASA

     64,909       865,268  

Austevoll Seafood ASA

     62,187       450,810  

Avance Gas Holding Ltd.(c)

     3,232       37,676  

Bakkafrost P/F

     22,887       1,278,197  

Borr Drilling Ltd.(a)

     117,907       730,511  

Borregaard ASA

     51,199       873,337  

 

 

60  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Norway (continued)            

BW LPG Ltd.(c)

     52,279     $ 645,208  

DNB Bank ASA

     524,166       10,189,635  

DNO ASA

     946,932       829,802  

Entra ASA(c)

     32,300       353,796  

Equinor ASA

     517,130       14,798,752  

Frontline PLC, NVS

     112,325       2,510,762  

Gjensidige Forsikring ASA

     119,077       1,915,291  

Golden Ocean Group Ltd.

     136,951       1,444,182  

Hafnia Ltd.

     114,280       831,028  

Kongsberg Gruppen ASA

     50,917       2,594,900  

Leroy Seafood Group ASA

     190,041       763,266  

Mowi ASA

     257,547       4,635,930  

NEL ASA(a)(b)

     1,216,166       607,181  

Nordic Semiconductor ASA(a)(b)

     110,442       1,108,990  

Norsk Hydro ASA

     829,595       4,861,844  

Orkla ASA

     426,860       3,343,648  

Salmar ASA

     35,497       1,970,453  

Scatec ASA(b)(c)

     93,814       697,569  

Schibsted ASA, Class A

     18,654       572,248  

Schibsted ASA, Class B

     84,790       2,433,110  

Seadrill Ltd.(a)(b)

     20,638       888,315  

SpareBank 1 SMN

     140,952       1,919,006  

SpareBank 1 SR-Bank ASA

     210,316       2,550,572  

Storebrand ASA

     375,500       3,376,181  

Subsea 7 SA

     185,023       2,493,736  

Telenor ASA

     379,884       4,215,214  

TGS ASA

     113,003       1,100,396  

TOMRA Systems ASA

     160,624       1,613,432  

Veidekke ASA

     47,333       432,049  

Yara International ASA

     102,656       3,393,053  
   

 

 

  
       91,571,677  
Portugal — 0.2%            

Banco Comercial Portugues SA, Class R(b)

     5,070,782       1,475,072  

EDP - Energias de Portugal SA

     1,916,983       8,550,581  

Galp Energia SGPS SA

     321,383       5,059,129  

Jeronimo Martins SGPS SA

     149,344       3,396,578  

Navigator Co. SA (The)

     215,938       889,780  

NOS SGPS SA

     139,885       495,850  

REN - Redes Energeticas Nacionais SGPS SA

     493,183       1,211,739  

Sonae SGPS SA

     877,932       848,723  
   

 

 

  
      21,927,452  
Singapore — 1.3%            

CapitaLand Ascendas REIT

     1,847,112       4,003,111  

CapitaLand Ascott Trust

     2,004,568       1,429,123  

CapitaLand China Trust(a)

     703,380       436,900  

CapitaLand Integrated Commercial Trust

     3,603,835       5,372,476  

CapitaLand Investment Ltd./Singapore

     1,538,300       3,377,011  

CDL Hospitality Trusts

     559,690       428,706  

City Developments Ltd.

     432,500       1,963,026  

ComfortDelGro Corp. Ltd.

     1,840,500       1,914,275  

DBS Group Holdings Ltd.

     1,023,400       24,239,519  

ESR-LOGOS REIT

     3,039,051       702,278  

Frasers Centrepoint Trust

     666,319       1,139,686  

Frasers Logistics & Commercial Trust

     1,820,887       1,515,780  

Genting Singapore Ltd.

     4,111,600       3,087,828  

Golden Agri-Resources Ltd.

     3,838,500       772,564  

Grab Holdings Ltd., Class A(b)

     1,176,556       3,612,027  

Jardine Cycle & Carriage Ltd.

     114,900       2,217,113  

Keppel DC REIT

     912,350       1,145,565  

Keppel Infrastructure Trust(a)

     4,534,425       1,704,058  

Keppel Ltd.

     922,300       4,900,882  
Security   Shares     Value  
Singapore (continued)            

Keppel REIT(a)

     1,158,540     $ 796,746  

Mapletree Industrial Trust

     1,225,640       2,232,326  

Mapletree Logistics Trust

     2,380,334       2,737,088  

Mapletree Pan Asia Commercial Trust

     1,368,800       1,482,293  

NetLink NBN Trust

     4,079,600       2,569,707  

Oversea-Chinese Banking Corp. Ltd.

     1,906,200       18,233,507  

Paragon REIT

     920,250       600,238  

Parkway Life REIT

     201,800       528,821  

SATS Ltd.(b)

     975,563       1,991,844  

Sea Ltd., ADR(b)

     206,275       7,867,329  

Seatrium Ltd.(a)(b)

     29,721,384       2,205,719  

Sembcorp Industries Ltd.

     786,600       3,310,397  

Singapore Airlines Ltd.

     883,800       4,386,549  

Singapore Exchange Ltd.

     406,900       2,841,234  

Singapore Post Ltd.

     846,300       258,653  

Singapore Technologies Engineering Ltd.

     937,700       2,598,308  

Singapore Telecommunications Ltd.

     4,625,300       8,254,045  

Starhill Global REIT

     1,020,100       391,615  

Suntec REIT(a)

     1,022,100       903,565  

United Overseas Bank Ltd.

     714,200       15,054,293  

UOL Group Ltd.

     216,500       1,005,334  

Venture Corp. Ltd.

     140,000       1,394,759  

Wilmar International Ltd.

     1,166,200       2,855,660  

Yangzijiang Financial Holding Ltd.

     1,472,200       344,383  

Yangzijiang Shipbuilding Holdings Ltd.(a)

     2,059,600       2,571,245  
   

 

 

  
       151,377,586  
Spain — 2.1%            

Acciona SA

     13,418       1,735,682  

Acerinox SA

     120,795       1,275,256  

ACS Actividades de Construccion y Servicios SA

     144,148       5,688,151  

Aena SME SA(c)

     40,915       7,238,157  

Almirall SA

     62,739       595,135  

Amadeus IT Group SA

     254,306       17,821,858  

Applus Services SA

     79,229       958,119  

Banco Bilbao Vizcaya Argentaria SA

     3,347,103       31,326,998  

Banco de Sabadell SA

     3,515,755       4,563,225  

Banco Santander SA

     9,278,313       37,290,090  

Bankinter SA

     493,992       3,049,965  

CaixaBank SA

     2,502,363       10,670,051  

Cellnex Telecom SA(c)

     324,250       12,476,285  

Cia. de Distribucion Integral Logista Holdings SA

     55,335       1,565,149  

Cie. Automotive SA

     29,805       786,340  

Construcciones y Auxiliar de Ferrocarriles SA

     46,028       1,654,273  

EDP Renovaveis SA

     166,508       2,696,303  

Enagas SA

     23,187       377,479  

Endesa SA

     207,263       4,106,285  

Faes Farma SA

     219,730       722,072  

Fluidra SA

     80,932       1,752,114  

Gestamp Automocion SA(c)

     98,954       328,238  

Grifols SA(b)

     172,410       1,878,018  

Iberdrola SA

     3,447,726       41,513,918  

Iberdrola SA, NVS

     59,444       715,757  

Indra Sistemas SA(a)

     122,594       2,176,561  

Industria de Diseno Textil SA

     613,974       26,251,911  

Inmobiliaria Colonial SOCIMI SA

     217,899       1,310,074  

Linea Directa Aseguradora SA Cia de Seguros y Reaseguros

     581,471       607,659  

Mapfre SA

     697,945       1,536,815  

Melia Hotels International SA(a)(b)

     84,083       568,912  

Merlin Properties SOCIMI SA

     239,398       2,437,843  

Naturgy Energy Group SA

     92,302       2,485,485  

Neinor Homes SA(c)

     16,719       188,632  

 

 

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

   61

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Spain (continued)            

Pharma Mar SA

     15,898     $ 663,636  

Prosegur Cia. de Seguridad SA

     77,588       146,809  

Redeia Corp. SA

     57,325       953,895  

Repsol SA

     747,269       11,035,878  

Sacyr SA

     252,284       831,717  

Sacyr SA, NVS

     5,046       16,664  

Solaria Energia y Medio Ambiente SA(b)

     59,327       875,911  

Tecnicas Reunidas SA(b)

     29,387       246,849  

Telefonica SA

     2,861,571       11,643,255  

Viscofan SA

     26,398       1,546,235  
   

 

 

  
       258,309,659  
Sweden — 3.0%            

AAK AB

     134,080       3,021,907  

AddTech AB, Class B

     169,189       3,490,319  

AFRY AB

     55,248       762,927  

Alfa Laval AB

     165,807       6,083,924  

Alleima AB, NVS

     165,484       1,098,606  

Arjo AB, Class B

     124,516       582,808  

Assa Abloy AB, Class B

     549,533       15,071,337  

Atlas Copco AB, Class A

     1,526,393       24,360,337  

Atlas Copco AB, Class B

     861,737       11,933,292  

Avanza Bank Holding AB

     93,358       1,875,326  

Axfood AB

     51,195       1,295,291  

Beijer Ref AB, Class B

     220,472       3,001,724  

Billerud Aktiebolag

     131,098       1,165,735  

Biotage AB

     60,438       859,046  

Boliden AB

     168,490       4,472,174  

Bravida Holding AB(c)

     106,322       806,210  

Bure Equity AB

     55,640       1,589,155  

Castellum AB(b)

     242,863       3,126,590  

Catena AB

     26,840       1,144,369  

Corem Property Group AB, Class B

     804,307       810,356  

Dios Fastigheter AB

     78,123       605,963  

Dometic Group AB(c)

     195,780       1,558,000  

Electrolux AB, Class B(b)

     145,331       1,359,429  

Electrolux Professional AB, Class B

     222,543       1,182,468  

Elekta AB, Class B

     249,539       1,882,948  

Embracer Group AB, Class B(b)

     466,238       889,800  

Epiroc AB

     377,136       6,663,521  

Epiroc AB, Class B

     206,069       3,213,006  

EQT AB

     203,402       5,461,780  

Essity AB, Class B

     337,008       7,914,057  

Evolution AB(c)

     101,976       11,907,083  

Fabege AB

     169,247       1,585,152  

Fastighets AB Balder, Class B(b)

     307,726       2,042,467  

Fortnox AB

     365,852       2,017,046  

Getinge AB, Class B

     141,936       3,034,184  

Granges AB

     65,788       652,332  

H & M Hennes & Mauritz AB, Class B

     402,465       5,678,275  

Hemnet Group AB

     50,885       1,373,783  

Hexagon AB, Class B

     1,225,171       13,371,009  

Hexatronic Group AB(a)

     129,490       271,620  

Hexpol AB

     208,120       2,382,257  

Holmen AB, Class B

     37,102       1,462,163  

Hufvudstaden AB, Class A

     85,675       1,107,854  

Husqvarna AB, Class B

     295,444       2,298,232  

Industrivarden AB, Class A

     73,132       2,302,341  

Industrivarden AB, Class C

     123,846       3,892,365  

Indutrade AB

     158,943       3,861,374  

Instalco AB

     250,071       999,956  

Intrum AB(a)

     43,504       257,680  

Investment AB Latour, Class B

     85,875       2,159,807  
Security   Shares     Value  
Sweden (continued)            

Investor AB, Class B

     977,819     $ 23,022,519  

JM AB

     25,094       408,628  

Kindred Group PLC

     144,351       1,698,174  

Kinnevik AB, Class B(b)

     139,811       1,502,131  

L E Lundbergforetagen AB, Class B

     27,252       1,420,941  

Lifco AB, Class B

     160,807       3,879,775  

Lindab International AB

     78,918       1,498,550  

Loomis AB, Class B

     77,112       2,111,171  

Millicom International Cellular SA, SDR(b)

     78,960       1,354,522  

MIPS AB

     29,772       989,056  

Modern Times Group MTG AB, Class B(b)

     93,231       713,591  

Mycronic AB

     106,018       2,948,768  

NCAB Group AB

     8,155       52,743  

NCC AB, Class B

     59,749       762,999  

Nibe Industrier AB, Class B

     878,718       5,250,499  

Nolato AB, Class B

     248,029       1,201,184  

Nordnet AB publ

     121,960       1,919,108  

Nyfosa AB

     79,830       714,030  

Pandox AB, Class B

     68,189       935,025  

Peab AB, Class B

     104,568       516,246  

Resurs Holding AB(c)

     44,477       61,120  

Saab AB, Class B

     46,246       2,977,824  

Sagax AB, Class B

     122,050       2,965,975  

Samhallsbyggnadsbolaget i Norden AB(a)

     766,548       351,228  

Sandvik AB

     581,830       12,227,671  

Sectra AB, Class B

     120,547       2,245,363  

Securitas AB, Class B

     234,999       2,282,793  

Sinch AB(a)(b)(c)

     423,381       1,300,203  

Skandinaviska Enskilda Banken AB, Class A

     887,826       12,609,026  

Skanska AB, Class B

     193,943       3,362,894  

SKF AB, Class B

     211,946       4,176,421  

SSAB AB, Class B

     367,271       2,805,385  

Stillfront Group AB(b)

     394,448       408,784  

Storskogen Group AB

     788,316       544,175  

Svenska Cellulosa AB SCA, Class B

     362,375       4,933,343  

Svenska Handelsbanken AB, Class A

     784,731       8,459,660  

Sweco AB, Class B

     126,851       1,486,923  

Swedbank AB, Class A

     500,866       10,206,636  

Swedish Orphan Biovitrum AB(b)

     120,787       3,390,265  

Tele2 AB, Class B

     337,993       2,881,739  

Telefonaktiebolaget LM Ericsson, Class B

     1,592,021       8,825,330  

Telia Co. AB

     1,447,708       3,733,888  

Thule Group AB(c)

     98,929       2,517,258  

Trelleborg AB, Class B

     144,199       4,389,012  

Troax Group AB

     34,818       756,406  

Vitec Software Group AB, Class B

     30,320       1,684,146  

Vitrolife AB

     50,792       836,208  

Volvo AB, Class A

     115,761       2,846,001  

Volvo AB, Class B

     867,907       20,799,669  

Volvo Car AB, Class B(b)

     363,876       948,625  

Wallenstam AB, Class B

     221,279       1,110,768  

Wihlborgs Fastigheter AB

     270,273       2,416,146  
   

 

 

  
       363,379,930  
Switzerland — 8.5%            

ABB Ltd., Registered

     905,607       38,317,865  

Accelleron Industries AG, NVS

     61,689       1,974,032  

Adecco Group AG, Registered

     97,973       4,236,652  

Alcon Inc.

     287,734       21,659,175  

Allreal Holding AG, Registered

     8,843       1,572,917  

ALSO Holding AG, Registered

     3,380       989,551  

Avolta AG, Registered(b)

     63,635       2,431,165  

Bachem Holding AG, Class B

     22,453       1,503,087  

 

 

62  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Switzerland (continued)            

Baloise Holding AG, Registered

     27,794     $ 4,439,844  

Banque Cantonale Vaudoise, Registered

     19,320       2,473,663  

Barry Callebaut AG, Registered

     2,201       3,214,796  

Belimo Holding AG, Registered

     5,708       2,661,580  

BKW AG

     12,963       2,059,411  

Bossard Holding AG, Class A, Registered

     3,539       846,903  

Bucher Industries AG, Registered

     2,022       856,451  

Burckhardt Compression Holding AG

     2,147       1,201,176  

Bystronic AG, Registered

     512       256,543  

Cembra Money Bank AG

     17,357       1,338,259  

Chocoladefabriken Lindt & Spruengli AG, Participation Certificates, NVS

     532       6,761,161  

Chocoladefabriken Lindt & Spruengli AG, Registered

     60       7,605,538  

Cie. Financiere Richemont SA, Class A, Registered

     298,135       44,283,346  

Clariant AG, Registered

     141,237       1,808,070  

Coca-Cola HBC AG, Class DI

     110,474       3,247,576  

Comet Holding AG, Registered

     6,343       2,091,375  

Daetwyler Holding AG, Bearer

     5,399       1,097,786  

DKSH Holding AG

     13,600       951,657  

DocMorris AG(b)

     7,411       691,380  

dormakaba Holding AG

     1,628       815,530  

DSM-Firmenich AG

     105,495       11,154,040  

Emmi AG, Registered

     1,194       1,250,863  

EMS-Chemie Holding AG, Registered

     4,218       3,184,230  

Flughafen Zurich AG, Registered

     13,874       2,862,566  

Forbo Holding AG, Registered

     601       706,638  

Galenica AG(c)

     25,788       2,274,051  

Geberit AG, Registered

     21,099       12,145,174  

Georg Fischer AG

     56,132       3,756,829  

Givaudan SA, Registered

     5,180       21,541,220  

Gurit Holding AG(b)

     3,898       341,490  

Helvetia Holding AG, Registered

     26,326       3,802,013  

Holcim AG

     308,655        23,574,706  

Huber + Suhner AG, Registered

     13,516       969,407  

Idorsia Ltd.(a)(b)

     95,889       171,116  

Inficon Holding AG, Registered

     1,120       1,700,020  

Interroll Holding AG, Registered

     429       1,253,020  

Intershop Holding AG

     1,024       734,702  

Julius Baer Group Ltd.

     126,756       6,900,774  

Kardex Holding AG, Registered

     3,552       902,146  

Kuehne + Nagel International AG, Registered

     33,624       11,394,489  

Landis+Gyr Group AG

     14,338       1,175,666  

Logitech International SA, Registered

     97,944       8,210,966  

Lonza Group AG, Registered

     42,294       20,677,777  

Medmix AG(c)

     24,106       483,265  

Meyer Burger Technology AG(a)(b)

     2,228,987       286,701  

Mobilezone Holding AG, Registered

     44,809       688,139  

Mobimo Holding AG, Registered

     5,429       1,603,934  

Nestle SA, Registered

     1,531,428       174,507,027  

Novartis AG, Registered

     1,173,310       121,336,350  

OC Oerlikon Corp. AG, Registered

     157,495       686,337  

Partners Group Holding AG

     13,661       18,431,079  

PSP Swiss Property AG, Registered

     26,332       3,504,711  

Roche Holding AG, Bearer

     18,969       5,746,230  

Roche Holding AG, NVS

     402,988       114,737,274  

Sandoz Group AG(b)

     234,021       8,025,746  

Schindler Holding AG, Participation Certificates, NVS

     20,184       5,027,607  

Schindler Holding AG, Registered

     17,938       4,269,976  

Schweiter Technologies AG, NVS

     343       188,181  

SFS Group AG

     11,108       1,333,622  
Security   Shares     Value  
Switzerland (continued)            

SGS SA

     95,836     $ 8,855,805  

Siegfried Holding AG, Registered

     1,887       1,879,731  

Siemens Energy AG(a)(b)

     295,895       4,396,102  

SIG Group AG

     167,604       3,508,321  

Sika AG, Registered

     87,483       24,150,366  

Softwareone Holding AG

     65,698       1,231,348  

Sonova Holding AG, Registered

     30,459       9,734,590  

St. Galler Kantonalbank AG, Class A, Registered

     2,382       1,378,553  

Stadler Rail AG

     35,603       1,136,506  

STMicroelectronics NV

     387,756       17,025,399  

Straumann Holding AG

     65,689       9,978,249  

Sulzer AG, Registered

     11,482       1,109,187  

Swatch Group AG (The), Bearer

     19,172       4,500,797  

Swatch Group AG (The), Registered

     8,000       363,992  

Swiss Life Holding AG, Registered

     18,208       13,075,674  

Swiss Prime Site AG, Registered

     46,165       4,675,838  

Swiss Re AG

     178,496       20,437,870  

Swisscom AG, Registered

     15,117       9,044,252  

Swissquote Group Holding SA, Registered

     9,444       2,370,188  

Tecan Group AG, Registered

     7,273       2,776,211  

Temenos AG, Registered

     41,818       4,255,834  

UBS Group AG, Registered

     1,881,032       56,304,191  

Valiant Holding AG, Registered

     8,992       1,077,435  

VAT Group AG(c)

     15,682       7,300,423  

Vontobel Holding AG, Registered

     13,721       903,790  

Zurich Insurance Group AG

     82,934       42,137,895  
   

 

 

  
       1,016,535,118  
United Kingdom — 12.8%            

3i Group PLC

     544,819       17,055,525  

4imprint Group PLC

     16,159       1,108,087  

888 Holdings PLC(b)

     305,993       300,921  

abrdn PLC

     1,193,251       2,538,564  

Admiral Group PLC

     149,016       4,738,280  

Airtel Africa PLC(c)

     783,162       1,112,238  

AJ Bell PLC

     295,439       1,184,633  

Anglo American PLC

     732,974       17,472,401  

Antofagasta PLC

     232,219       5,061,270  

AO World PLC(b)

     304,677       351,560  

Ascential PLC(b)

     443,474       1,708,154  

Ashmore Group PLC

     552,570       1,485,977  

Ashtead Group PLC

     245,675       16,065,152  

ASOS PLC(a)(b)

     70,906       331,188  

Associated British Foods PLC

     192,470       5,700,836  

Assura PLC

     1,940,856       1,095,527  

Aston Martin Lagonda Global Holdings
PLC(b)(c)

     353,999       853,848  

AstraZeneca PLC

     882,072       116,942,318  

Auto Trader Group PLC(c)

     516,622       4,752,860  

Aviva PLC

     1,558,594       8,507,700  

B&M European Value Retail SA

     512,607       3,359,482  

BAE Systems PLC

     1,730,003       25,770,928  

Balfour Beatty PLC

     544,618       2,291,446  

Bank of Georgia Group PLC

     19,746       949,665  

Barclays PLC

     8,776,272       16,309,185  

Barratt Developments PLC

     568,305       3,873,186  

Beazley PLC

     341,257       2,349,065  

Bellway PLC

     73,271       2,552,917  

Berkeley Group Holdings PLC

     65,298       3,954,096  

Big Yellow Group PLC

     89,553       1,294,938  

Bodycote PLC

     127,095       1,024,781  

boohoo Group PLC(a)(b)

     1,021,170       470,804  

BP PLC

     9,721,217       56,775,956  

Breedon Group PLC

     192,406       886,344  

 

 

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

   63

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United Kingdom (continued)            

British American Tobacco PLC

     1,202,819     $ 35,463,441  

British Land Co. PLC (The)

     429,773       2,065,798  

Britvic PLC

     162,659       1,819,166  

BT Group PLC

     3,799,206       5,382,454  

Bunzl PLC

     181,131       7,361,121  

Burberry Group PLC

     219,098       3,608,965  

Burford Capital Ltd.

     132,214       2,015,685  

Capita PLC(b)

     1,828,899       441,766  

Capital & Counties Properties PLC

     1,001,127       1,686,489  

Carnival PLC(b)

     98,357       1,477,731  

Centamin PLC

     1,012,474       1,233,420  

Centrica PLC

     3,532,027       6,181,221  

Close Brothers Group PLC

     88,501       608,318  

Coats Group PLC

     1,011,372       917,706  

Coca-Cola Europacific Partners PLC

     117,861       8,120,623  

Compass Group PLC

     974,899        26,852,376  

Computacenter PLC

     70,866       2,588,964  

ConvaTec Group PLC(c)

     845,889       2,574,357  

Cranswick PLC

     48,821       2,489,684  

Crest Nicholson Holdings PLC

     260,524       691,360  

Croda International PLC

     89,667       5,427,237  

Currys PLC

     907,038       568,767  

CVS Group PLC

     60,940       1,303,630  

Darktrace PLC(b)

     201,016       871,608  

DCC PLC

     56,010       4,071,889  

Deliveroo PLC, Class A(b)(c)

     763,200       1,136,464  

Derwent London PLC

     55,028       1,483,106  

Diageo PLC

     1,266,881       45,757,036  

Diploma PLC

     64,829       2,672,364  

Direct Line Insurance Group PLC(b)

     623,337       1,330,172  

Domino’s Pizza Group PLC

     369,474       1,631,681  

Dowlais Group PLC

     826,871       944,544  

Dr. Martens PLC

     396,229       446,135  

Drax Group PLC

     250,971       1,619,539  

DS Smith PLC

     844,645       3,011,660  

Dunelm Group PLC

     100,752       1,387,857  

easyJet PLC(b)

     185,084       1,295,780  

Elementis PLC(b)

     554,313       993,430  

Endeavour Mining PLC

     104,062       1,848,547  

Energean PLC

     144,108       1,731,533  

Entain PLC

     355,962       4,335,757  

Essentra PLC

     227,498       498,773  

Experian PLC

     515,782       21,468,080  

Fevertree Drinks PLC

     67,238       860,628  

Firstgroup PLC

     724,435       1,525,247  

Frasers Group PLC(b)

     199,178       2,037,888  

Future PLC

     79,187       709,606  

Games Workshop Group PLC

     19,301       2,422,779  

Gamma Communications PLC

     52,382       792,622  

GB Group PLC

     157,724       563,272  

Genuit Group PLC

     175,880       940,587  

Genus PLC

     44,078       1,280,267  

Glencore PLC

     5,973,687       31,606,528  

Grafton Group PLC

     142,383       1,753,716  

Grainger PLC

     418,918       1,397,315  

Great Portland Estates PLC

     150,701       792,941  

Greatland Gold PLC(b)

     6,204,645       566,147  

Greggs PLC

     51,232       1,725,765  

GSK PLC

     2,322,493       45,933,647  

Haleon PLC

     3,374,155       13,705,018  

Halma PLC

     205,749       5,694,944  

Hammerson PLC

     2,235,328       762,819  
Security   Shares     Value  
United Kingdom (continued)            

Harbour Energy PLC

     363,593     $ 1,277,897  

Hargreaves Lansdown PLC

     193,668       1,868,783  

Hays PLC

     1,035,017       1,287,929  

Helios Towers PLC(b)

     479,166       480,333  

Hikma Pharmaceuticals PLC

     87,342       2,130,887  

Hill & Smith PLC

     51,480       1,218,564  

Hiscox Ltd.

     214,070       2,818,713  

Howden Joinery Group PLC

     344,175       3,485,420  

HSBC Holdings PLC

     11,155,141       87,096,021  

Ibstock PLC(c)

     486,037       944,875  

IG Group Holdings PLC

     231,190       2,077,504  

IMI PLC

     167,396       3,550,394  

Impax Asset Management Group PLC

     83,396       573,364  

Imperial Brands PLC

     497,549        11,943,727  

Inchcape PLC

     229,800       1,978,750  

Indivior PLC, NVS(b)

     100,457       1,765,778  

Informa PLC

     817,647       8,030,560  

IntegraFin Holdings PLC

     183,485       684,275  

InterContinental Hotels Group PLC

     100,788       9,549,971  

Intermediate Capital Group PLC

     177,073       3,992,128  

International Distributions Services PLC(b)

     447,850       1,571,007  

Intertek Group PLC

     80,029       4,542,499  

Investec PLC

     438,790       2,856,749  

IP Group PLC

     543,463       360,895  

ITM Power PLC(a)(b)

     446,405       336,505  

ITV PLC

     2,067,759       1,566,245  

IWG PLC(b)

     518,245       1,228,132  

J D Wetherspoon PLC(b)

     123,724       1,317,082  

J Sainsbury PLC

     995,345       3,398,267  

JD Sports Fashion PLC

     1,480,350       2,187,534  

JET2 PLC(a)

     98,081       1,660,622  

John Wood Group PLC(b)

     468,210       928,244  

Johnson Matthey PLC

     102,854       2,120,744  

JTC PLC(c)

     90,180       906,489  

Jupiter Fund Management PLC

     370,080       370,746  

Kainos Group PLC

     72,070       1,047,605  

Keywords Studios PLC(a)

     69,762       1,458,852  

Kingfisher PLC

     1,161,061       3,228,127  

Lancashire Holdings Ltd.

     226,198       1,740,031  

Land Securities Group PLC

     383,301       3,231,496  

Learning Technologies Group PLC

     606,307       618,410  

Legal & General Group PLC

     3,221,599       10,362,087  

Liontrust Asset Management PLC

     41,278       325,814  

Lloyds Banking Group PLC

     37,901,482       20,317,291  

London Stock Exchange Group PLC

     236,612       26,764,139  

LondonMetric Property PLC

     588,293       1,437,432  

LXI REIT PLC

     1,492,674       1,990,780  

M&G PLC

     1,396,680       3,948,927  

Man Group PLC/Jersey

     887,729       2,667,420  

Marks & Spencer Group PLC

     1,052,445       3,288,149  

Marshalls PLC

     137,593       488,247  

Melrose Industries PLC

     826,871       6,163,072  

Mitie Group PLC

     729,631       956,100  

Mobico Group PLC

     536,646       580,714  

Mondi PLC, NVS

     242,695       4,349,003  

Moneysupermarket.com Group PLC

     727,983       2,348,846  

National Grid PLC

     2,088,298       27,814,258  

NatWest Group PLC, NVS

     3,209,423       9,057,435  

Network International Holdings PLC(b)(c)

     322,445       1,583,051  

Next PLC

     75,437       8,053,391  

Ninety One PLC

     443,565       992,160  

NMC Health PLC, NVS(d)

     12,146       —  

 

 

64  

2 0 2 4  I 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 International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United Kingdom (continued)            

Ocado Group PLC(b)

     312,350     $ 2,139,569  

OSB Group PLC

     336,459       1,914,545  

Oxford Instruments PLC

     43,444       1,222,256  

Oxford Nanopore Technologies PLC(b)

     346,346       703,596  

Pagegroup PLC

     281,215       1,634,376  

Paragon Banking Group PLC

     186,959       1,665,165  

Pearson PLC

     375,680       4,608,758  

Pennon Group PLC

     154,315       1,373,958  

Persimmon PLC

     172,604       3,179,038  

Petrofac Ltd.(a)(b)

     341,355       132,182  

Pets at Home Group PLC

     312,173       1,108,519  

Phoenix Group Holdings PLC

     374,434       2,390,623  

Playtech PLC(b)

     182,856       1,029,823  

Plus500 Ltd.

     82,019       1,855,013  

Primary Health Properties PLC

     1,087,480       1,338,886  

Prudential PLC

     1,540,584       15,825,753  

QinetiQ Group PLC

     373,574       1,687,143  

Quilter PLC(c)

     1,028,077       1,365,297  

Rathbones Group PLC

     40,024       837,241  

Reckitt Benckiser Group PLC

     405,318        29,304,854  

Redrow PLC

     200,696       1,524,594  

RELX PLC

     1,072,129       44,251,115  

Renishaw PLC

     30,972       1,369,790  

Rentokil Initial PLC

     1,447,461       7,454,056  

RHI Magnesita NV

     29,602       1,261,992  

Rightmove PLC

     479,488       3,393,419  

Rio Tinto PLC

     637,420       44,121,839  

Rolls-Royce Holdings PLC(b)

     4,759,705       18,069,982  

Rotork PLC

     462,544       1,823,397  

RS GROUP PLC

     292,898       2,902,314  

RWS Holdings PLC

     253,549       763,463  

S4 Capital PLC(b)

     302,242       168,528  

Safestore Holdings PLC

     147,082       1,531,746  

Sage Group PLC (The)

     555,504       8,270,300  

Savills PLC

     102,014       1,309,630  

Schroders PLC

     367,764       1,881,517  

Segro PLC

     707,881       7,861,775  

Serco Group PLC

     754,573       1,646,584  

Severn Trent PLC

     154,044       5,063,584  

Shell PLC

     3,787,294       117,414,854  

Sirius Real Estate Ltd.

     1,113,396       1,281,194  

Smart Metering Systems PLC

     153,236       1,846,804  

Smith & Nephew PLC

     474,964       6,642,372  

Smiths Group PLC

     212,921       4,363,526  

Softcat PLC

     93,287       1,709,499  

Spectris PLC

     64,716       3,012,750  

Spirax-Sarco Engineering PLC

     48,401       6,091,790  

Spirent Communications PLC

     505,664       754,331  

SSE PLC

     610,213       12,996,275  

SSP Group PLC(b)

     485,789       1,382,544  

St. James’s Place PLC

     296,504       2,440,911  

Standard Chartered PLC

     1,400,162       10,581,782  

Synthomer PLC(b)

     130,349       260,267  

Tate & Lyle PLC

     229,137       1,809,101  

Taylor Wimpey PLC

     1,879,108       3,508,279  

TBC Bank Group PLC

     27,001       997,466  

Team17 Group PLC(b)

     142,370       487,149  

Telecom Plus PLC

     43,317       798,183  

Tesco PLC

     4,175,990       15,132,199  

TP ICAP Group PLC

     730,090       1,729,775  

Trainline PLC(b)(c)

     294,730       1,234,082  

Travis Perkins PLC

     128,534       1,282,078  
Security   Shares     Value  
United Kingdom (continued)  

Tritax Big Box REIT PLC

     935,654     $ 1,958,874  

TUI AG(b)

     231,757       1,596,713  

Tullow Oil PLC(a)(b)

     1,367,152       535,861  

Unilever PLC

     1,426,403       69,409,075  

UNITE Group PLC (The)

     185,084       2,364,603  

United Utilities Group PLC

     382,297       5,149,067  

Vanquis Banking Group PLC

     260,540       390,276  

Vesuvius PLC

     178,549       1,075,060  

Victrex PLC

     47,685       823,677  

Virgin Money UK PLC

     795,487       1,571,145  

Vistry Group PLC

     231,384       2,926,846  

Vodafone Group PLC

     12,795,822       10,878,246  

Watches of Switzerland Group PLC(a)(b)(c)

     145,018       682,954  

Weir Group PLC (The)

     150,193       3,452,324  

WH Smith PLC

     97,066       1,483,288  

Whitbread PLC

     105,590       4,786,177  

Wickes Group PLC

     276,312       548,245  

Wise PLC, Class A(b)

     344,682       3,515,723  

Workspace Group PLC

     99,609       655,199  

WPP PLC

     629,291       6,085,553  

Yellow Cake PLC(b)(c)

     124,368       1,093,037  

YouGov PLC

     92,682       1,368,361  
   

 

 

  
      1,531,732,007  
   

 

 

  

Total Common Stocks — 99.0%
(Cost: $10,579,616,834)

 

      11,866,737,310  
   

 

 

  

Preferred Stocks

 

Germany — 0.4%

    

Bayerische Motoren Werke AG, Preference Shares, NVS

     33,605       3,283,560  

Dr Ing hc F Porsche AG, Preference Shares, NVS(c)

    64,294       5,458,685  

Fuchs Petrolub SE, Preference Shares, NVS

     57,364       2,514,466  

Henkel AG & Co. KGaA, Preference Shares, NVS

     98,733       7,568,726  

Jungheinrich AG, Preference Shares, NVS

     24,550       826,338  

Porsche Automobil Holding SE, Preference Shares, NVS

     88,516       4,419,069  

Sartorius AG, Preference Shares, NVS

     15,175       5,535,878  

Volkswagen AG, Preference Shares, NVS

     115,611       14,869,312  
   

 

 

  
      44,476,034  
   

 

 

  

Total Preferred Stocks — 0.4%
(Cost: $48,847,048)

 

     44,476,034  
   

 

 

  

Rights

    

Spain — 0.0%

    

ACS Actividades de Construccion y Servicios SA, (Expires 02/09/24)(b)

     144,148       66,051  
   

 

 

  

Total Rights — 0.0%
(Cost: $71,600)

 

     66,051  
   

 

 

  

Warrants

    

Australia — 0.0%

    

PointsBet Holdings Ltd. (Issued/Exercisable 06/20/22, 1 Share for 1 Warrant, Expires 07/08/24, Strike Price AUD 10.00)

     5,339       —  
   

 

 

  

 

 

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

   65

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Canada — 0.0%

    

Constellation Software Inc., (Issued 08/29/23, 1 Share for 1 Warrant, Expires 03/31/40, Strike Price CAD 11.50)(d)

     11,415     $ —  
   

 

 

  

Total Warrants — 0.0%
(Cost: $—)

       —  
   

 

 

  

Total Long-Term Investments — 99.4%
(Cost: $10,628,535,482)

       11,911,279,395  
   

 

 

  

Short-Term Securities

    

Money Market Funds — 0.8%

    

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(e)(f)(g)

     88,446,525       88,499,593  

BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(e)(f)

     5,390,000       5,390,000  
   

 

 

  

Total Short-Term Securities — 0.8%
(Cost: $93,834,334)

       93,889,593  
   

 

 

  

Total Investments — 100.2%
(Cost: $10,722,369,816)

       12,005,168,988  

Liabilities in Excess of Other Assets — (0.2)%

       (23,005,643 ) 
   

 

 

  

Net Assets — 100.0%

     $ 11,982,163,345  
   

 

 

  

 

(a) 

All or a portion of this security is on loan.

(b) 

Non-income producing security.

(c) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(e)

Affiliate of the Fund.

(f) 

Annualized 7-day yield as of period end.

(g) 

All or a portion of this security was purchased with the cash collateral from loaned securities.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the six months ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer  

Value at

07/31/23

    

Purchases

at Cost

    

Proceeds

from Sale

    

Net Realized

Gain (Loss)

    

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

01/31/24

    

Shares

Held at

01/31/24

     Income    

Capital

Gain

Distributions

from

Underlying

Funds

  

 

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ 104,755,638     $ —     $ (16,286,981 )(a)    $ 8,372     $ 22,564     $ 88,499,593       88,446,525     $ 640,654 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     620,000       4,770,000 (a)      —       —       —       5,390,000       5,390,000       165,387       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ 8,372     $ 22,564     $ 93,889,593       $  806,041     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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                      

TOPIX Index

     80       03/07/24     $13,731   $ 824,976  

Euro STOXX 50 Index

     417       03/15/24     20,965     444,156  

FTSE 100 Index

     132       03/15/24     12,713     (59,028 ) 

SPI 200 Index

     71       03/21/24     8,800     107,974  
       

 

 

  
        $ 1,318,078  
       

 

 

  

 

 

66  

2 0 2 4  I 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 International Developed Markets ETF

 

Derivative Financial Instruments Categorized by Risk Exposure

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

 

 

  
   

Commodity

Contracts

     Credit
Contracts		    

Equity

Contracts

    

Foreign

Currency

Exchange
Contracts

    

Interest

Rate

Contracts

    

Other

Contracts

     Total  

 

  

Assets — Derivative Financial Instruments

              

Futures contracts

              

Unrealized appreciation on futures contracts(a)

   $ —     $ —     $ 1,377,106     $ —     $ —     $ —     $ 1,377,106  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Liabilities — Derivative Financial Instruments

              

Futures contracts

              

Unrealized depreciation on futures contracts(a)

   $ —     $ —     $ 59,028     $ —     $ —     $ —     $ 59,028  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

  (a)

Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss).

 

For the period ended January 31, 2024, the effect of derivative financial instruments in the Statements of Operations was as follows:

 

 

  
   

Commodity

Contracts

    

Credit

Contracts

    

Equity

Contracts

    

Foreign

Currency

Exchange

Contracts

    

Interest

Rate

Contracts

    

Other

Contracts

     Total  

 

  

Net Realized Gain (Loss) from

              

Net Realized Gain (Loss) from Futures contracts

   $ —     $ —     $ 1,901,703     $ —     $ —     $ —     $ 1,901,703  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net Change in Unrealized Appreciation (Depreciation) on

              

Futures contracts

   $ —     $ —     $ 77,231     $ —     $ —     $ —     $ 77,231  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Average Quarterly Balances of Outstanding Derivative Financial Instruments

 

   

Futures contracts:

  

Average notional value of contracts — long

   $ 54,134,003  

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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

   $ 1,468,563,418     $ 10,398,173,892     $ —     $ 11,866,737,310  

Preferred Stocks

     —       44,476,034       —       44,476,034  

Rights

     66,051       —       —       66,051  

Warrants

     —       —       —       —  

Short-Term Securities

        

Money Market Funds

     93,889,593       —                 —       93,889,593  
 

 

 

    

 

 

    

 

 

    

 

 

  
  $  1,562,519,062     $  10,442,649,926     $ —     $  12,005,168,988  
 

 

 

    

 

 

    

 

 

    

 

 

  

Derivative Financial Instruments(a)

        

Assets

        

Equity Contracts

   $ —     $ 1,377,106     $ —     $ 1,377,106  

 

 

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

   67

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI International Developed Markets ETF

 

Fair Value Hierarchy as of Period End (continued)

 

 

  
     Level 1        Level 2      Level 3        Total  

 

  

Liabilities

                

Equity Contracts

    $           —        $ (59,028 )     $           —        $ (59,028 ) 
  

 

 

       

 

 

     

 

 

       

 

 

  
   $ —        $       1,318,078      $ —                1,318,078  
  

 

 

       

 

 

     

 

 

       

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

See notes to financial statements.

 

 

68  

2 0 2 4  I 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) 

January 31, 2024

   

iShares® Core MSCI Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Australia — 21.3%

    

Abacus Group

     118,192     $ 84,105  

Abacus Storage King

     118,213       88,023  

Accent Group Ltd.

     108,275       142,252  

Adbri Ltd.(a)

     130,415       259,409  

AGL Energy Ltd.

     167,744       947,409  

Alpha HPA Ltd., NVS(a)

     156,827       88,139  

ALS Ltd.

     127,141       1,044,595  

Altium Ltd.

     31,630       1,016,139  

Alumina Ltd.(a)

     669,191       503,441  

AMP Ltd.

     797,382       483,588  

Ampol Ltd.

     66,401       1,570,548  

Ansell Ltd.

     32,543       511,831  

ANZ Group Holdings Ltd.

     825,113       14,558,608  

APA Group

     348,038       1,925,031  

APM Human Services International Ltd.

     87,036       42,013  

ARB Corp. Ltd.

     21,451       468,926  

Arena REIT

     103,639       234,991  

Aristocrat Leisure Ltd.

     160,252       4,620,163  

ASX Ltd.

     53,139       2,271,817  

Atlas Arteria Ltd.

     320,356       1,129,383  

AUB Group Ltd.

     28,130       559,790  

Audinate Group Ltd.(a)

     20,873       224,714  

Aurizon Holdings Ltd.

     494,900       1,219,944  

Aussie Broadband Ltd.(a)

     57,045       142,818  

Austal Ltd.

     104,951       139,232  

Australian Agricultural Co. Ltd.(a)

     28,214       27,024  

Australian Clinical Labs Ltd.

     27,464       53,875  

AVZ Minerals Ltd.(a)(b)

     347,816       106,790  

Bank of Queensland Ltd.

     172,743       678,182  

Bapcor Ltd.

     88,491       323,922  

Beach Energy Ltd.

     420,840       451,619  

Bega Cheese Ltd.

     66,225       161,396  

Bellevue Gold Ltd.(a)

     334,738       289,555  

Bendigo & Adelaide Bank Ltd.

     158,052       1,009,784  

BHP Group Ltd.

     1,391,603       42,574,713  

BlueScope Steel Ltd.

     125,674        1,918,829  

Boral Ltd.(a)

     75,864       261,460  

Boss Energy Ltd. (a)

     102,077       369,356  

Brambles Ltd.

     381,284       3,635,454  

Breville Group Ltd.

     28,537       504,330  

Brickworks Ltd.

     20,890       398,750  

BWP Trust

     134,631       301,470  

Calix Ltd.(a)(c)

     40,607       44,607  

Capricorn Metals Ltd.(a)

     82,502       245,968  

CAR Group Ltd.

     98,330       2,111,274  

Centuria Capital Group

     149,821       167,128  

Centuria Industrial REIT

     165,055       349,661  

Centuria Office REIT

     114,702       99,312  

Cettire Ltd.(a)

     58,694       119,374  

Chalice Mining Ltd.(a)

     100,584       72,318  

Challenger Ltd.

     116,156       492,755  

Champion Iron Ltd.

     95,442       523,598  

Charter Hall Group

     128,714       1,003,930  

Charter Hall Long Wale REIT

     179,379       436,771  

Charter Hall Retail REIT

     143,245       346,088  

Charter Hall Social Infrastructure REIT

     84,636       152,690  

Cleanaway Waste Management Ltd.

     569,393       963,942  

Clinuvel Pharmaceuticals Ltd.

     9,375       95,907  

Cochlear Ltd.

     17,992       3,570,493  

Codan Ltd./Australia

     25,197       133,186  
Security   Shares     Value  

Australia (continued)

    

Coles Group Ltd.

     367,486     $ 3,813,539  

Collins Foods Ltd.

     35,349       277,133  

Commonwealth Bank of Australia

     461,141       35,164,026  

Computershare Ltd.

     151,310       2,506,185  

Core Lithium Ltd.(a)(c)

     455,382       57,194  

Coronado Global Resources Inc.(d)

     184,717       196,479  

Corporate Travel Management Ltd.

     33,958       449,200  

Costa Group Holdings Ltd.

     108,821       226,413  

Credit Corp. Group Ltd.

     18,647       207,302  

Cromwell Property Group

     423,124       114,137  

CSL Ltd.

     133,006       26,119,390  

CSR Ltd.

     134,669       606,410  

Data#3 Ltd.

     35,995       228,913  

De Grey Mining Ltd.(a)

     404,448       321,853  

Deep Yellow Ltd.(a)

     201,126       189,951  

Deterra Royalties Ltd.

     121,457       437,420  

Dexus

     296,436       1,500,163  

Dexus Industria REIT

     44,678       81,630  

Dicker Data Ltd.

     17,253       126,927  

Domain Holdings Australia Ltd.

     77,569       168,320  

Domino’s Pizza Enterprises Ltd.

     18,928       486,855  

Downer EDI Ltd.

     164,518       448,056  

Eagers Automotive Ltd.

     44,426       409,652  

Elders Ltd.

     46,956       274,309  

Endeavour Group Ltd./Australia

     393,924       1,441,658  

Evolution Mining Ltd.

     504,371       1,056,528  

EVT Ltd.

     22,107       180,343  

Firefinch Ltd.(a)(b)

     298,353       25,445  

FleetPartners Group Ltd., NVS(a)

     82,448       164,638  

Flight Centre Travel Group Ltd.

     48,357       668,095  

Fortescue Ltd.

     464,950       8,985,971  

G8 Education Ltd.

     203,089       140,605  

Genesis Minerals Ltd.(a)

     273,489       289,919  

Gold Road Resources Ltd.

     293,900       290,387  

Goodman Group

     469,297       7,789,941  

GPT Group (The)

     532,604       1,609,729  

GrainCorp Ltd., Class A

     55,588       292,053  

Growthpoint Properties Australia Ltd.

     73,494       115,020  

GUD Holdings Ltd.

     38,001       301,636  

Hansen Technologies Ltd.

     56,859       191,015  

Harvey Norman Holdings Ltd.

     158,610       455,815  

Healius Ltd.(a)

     168,491       151,583  

HealthCo REIT

     127,174       113,306  

Helia Group Ltd.

     85,696       275,564  

HMC Capital Ltd.

     56,387       223,639  

HomeCo Daily Needs REIT

     475,479       391,419  

HUB24 Ltd.

     21,672       523,725  

IDP Education Ltd.

     74,091       948,791  

IGO Ltd.

     190,040       923,825  

Iluka Resources Ltd.

     115,402       538,994  

Imdex Ltd.

     118,524       130,772  

Incitec Pivot Ltd.

     530,524       926,497  

Ingenia Communities Group

     104,924       303,917  

Inghams Group Ltd.

     107,639       301,206  

Insignia Financial Ltd.

     173,013       240,235  

Insurance Australia Group Ltd.

     660,710        2,593,567  

Integral Diagnostics Ltd.

     45,123       58,318  

IPH Ltd.

     65,718       292,448  

IRESS Ltd.

     50,427       267,737  

James Hardie Industries PLC(a)

     121,471       4,563,718  

JB Hi-Fi Ltd.

     31,332       1,165,628  

Johns Lyng Group Ltd.

     61,445       271,200  

 

 

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

   69

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Australia (continued)

    

Judo Capital Holdings Ltd.(a)

     175,129     $ 134,144  

Jumbo Interactive Ltd.

     15,336       157,263  

Karoon Energy Ltd.(a)

     224,250       282,144  

Kelsian Group Ltd.

     46,291       215,300  

Latin Resources Ltd., NVS

     659,469       72,574  

Lendlease Corp. Ltd.

     180,417       866,088  

Leo Lithium Ltd.(a)(b)

     292,832       87,315  

Lifestyle Communities Ltd.

     24,133       280,844  

Link Administration Holdings Ltd.

     149,909       212,401  

Liontown Resources Ltd.(a)(c)

     333,100       221,803  

Lottery Corp. Ltd. (The)

     611,167       2,006,085  

Lovisa Holdings Ltd.

     16,898       251,400  

Lynas Rare Earths Ltd.(a)

     249,577       948,962  

MA Financial Group Ltd.

     37,994       144,774  

Maas Group Holdings Ltd.(c)

     29,190       77,558  

Macquarie Group Ltd.

     101,382       12,509,466  

Mader Group Ltd.(c)

     14,592       61,643  

Magellan Financial Group Ltd.

     55,142       323,209  

McMillan Shakespeare Ltd.

     13,914       156,678  

Medibank Pvt Ltd.

     747,095       1,870,457  

Megaport Ltd.(a)

     47,388       386,980  

Metcash Ltd.

     250,641       594,561  

Mineral Resources Ltd.

     48,027       1,852,344  

Mirvac Group

     1,064,392       1,495,897  

Monadelphous Group Ltd.

     28,415       254,645  

Mount Gibson Iron Ltd.(a)

     186,674       64,474  

Nanosonics Ltd.(a)

     78,882       151,374  

National Australia Bank Ltd.

     859,053        18,117,769  

National Storage REIT

     345,845       518,668  

Netwealth Group Ltd.

     41,504       450,802  

Neuren Pharmaceuticals Ltd., NVS(a)

     30,487       467,082  

New Hope Corp. Ltd.

     142,118       497,077  

NEXTDC Ltd.(a)

     140,453       1,271,543  

nib holdings Ltd.

     136,496       721,908  

Nick Scali Ltd.

     14,583       117,904  

Nickel Industries Ltd.

     505,731       259,187  

Nine Entertainment Co. Holdings Ltd.

     359,582       461,342  

Northern Star Resources Ltd.

     314,084       2,694,152  

NRW Holdings Ltd.

     119,857       211,799  

Nufarm Ltd./Australia

     97,664       352,041  

Objective Corp. Ltd.

     9,001       72,219  

oOh!media Ltd.

     150,225       156,804  

Orica Ltd.

     126,944       1,338,865  

Origin Energy Ltd.

     471,142       2,629,538  

Orora Ltd.

     371,836       675,842  

Paladin Energy Ltd.(a)

     778,872       652,563  

Pepper Money Ltd./Australia

     79,075       68,997  

Perenti Ltd.(a)

     184,969       98,366  

Perpetual Ltd.

     31,084       523,065  

Perseus Mining Ltd.

     356,359       419,612  

PEXA Group Ltd.(a)

     36,589       273,429  

Pilbara Minerals Ltd.(c)

     769,371       1,752,370  

Pinnacle Investment Management Group Ltd.

     37,675       248,527  

Platinum Asset Management Ltd.

     148,566       113,797  

PolyNovo Ltd.(a)

     165,711       203,639  

Premier Investments Ltd.

     23,676       431,073  

Pro Medicus Ltd.

     14,471       953,335  

PWR Holdings Ltd.

     24,129       165,422  

Qantas Airways Ltd.(a)

     235,239       848,122  

QBE Insurance Group Ltd.

     410,186       4,223,514  

Qube Holdings Ltd.

     441,441       938,527  

Ramelius Resources Ltd.(c)

     314,544       326,708  
Security   Shares     Value  

Australia (continued)

    

Ramsay Health Care Ltd.

     49,641     $ 1,654,959  

REA Group Ltd.

     14,641       1,746,183  

Red 5 Ltd.(a)

     725,870       148,891  

Redox Ltd./Australia, NVS

     51,743       77,397  

Reece Ltd.

     64,210       945,835  

Region RE Ltd.

     286,378       421,637  

Regis Resources Ltd.(a)

     213,334       290,959  

Reliance Worldwide Corp. Ltd.

     225,598       616,807  

Resolute Mining Ltd.(a)

     596,406       167,541  

Rio Tinto Ltd.

     101,917       8,769,688  

Rural Funds Group

     132,455       179,111  

Sandfire Resources Ltd.(a)(c)

     123,622       580,972  

Santos Ltd.

     891,736       4,506,780  

Sayona Mining Ltd.(a)(c)

     2,402,295       61,727  

Scentre Group

     1,430,894       2,844,685  

SEEK Ltd.

     98,294       1,620,404  

Select Harvests Ltd.(a)(c)

     44,272       108,046  

Seven Group Holdings Ltd.

     45,056       1,054,541  

Sigma Healthcare Ltd.

     409,755       276,798  

Silex Systems Ltd.(a)

     43,684       145,594  

Silver Lake Resources Ltd.(a)

     284,273       223,712  

Sims Ltd.

     47,131       441,459  

SiteMinder Ltd.(a)

     67,836       231,918  

SmartGroup Corp. Ltd.

     40,660       256,291  

Sonic Healthcare Ltd.

     125,587       2,618,514  

South32 Ltd.

     1,223,288       2,648,683  

Stanmore Resources Ltd.

     75,517       193,788  

Star Entertainment Grp Ltd. (The)(a)

     653,547       237,156  

Steadfast Group Ltd.

     264,408       1,023,093  

Stockland

     658,282       1,943,979  

Strike Energy Ltd.(a)

     544,307       152,521  

Suncorp Group Ltd.

     347,150       3,195,354  

Super Retail Group Ltd.

     40,207       414,944  

Tabcorp Holdings Ltd.

     643,751       334,437  

Technology One Ltd.

     80,805       825,600  

Telix Pharmaceuticals Ltd.(a)

     65,533       488,600  

Telstra Corp. Ltd.

     1,114,329       2,938,857  

Temple & Webster Group Ltd.(a)

     21,779       129,012  

Transurban Group

     847,784       7,447,978  

Treasury Wine Estates Ltd.

     220,238       1,544,336  

Tyro Payments Ltd.(a)

     104,863       74,392  

Ventia Services Group Pty Ltd.

     237,037       508,557  

Vicinity Ltd.

     1,068,891       1,418,853  

Viva Energy Group Ltd.(d)

     299,219       681,580  

Vulcan Steel Ltd.

     16,767       81,089  

Washington H Soul Pattinson & Co. Ltd.

     64,969       1,452,261  

Waypoint REIT Ltd.

     167,425       269,539  

Webjet Ltd.(a)

     105,695       512,801  

Weebit Nano Ltd.(a)(c)

     46,328       104,203  

Wesfarmers Ltd.

     313,379       11,863,570  

West African Resources Ltd.(a)

     307,687       195,022  

Westgold Resources Ltd.(a)

     125,692       181,329  

Westpac Banking Corp.

     963,424       15,113,829  

Whitehaven Coal Ltd.

     218,270       1,193,227  

WiseTech Global Ltd.

     45,933       2,162,576  

Woodside Energy Group Ltd.

     521,313       10,903,894  

Woolworths Group Ltd.

     335,400       7,876,853  

Worley Ltd.

     101,823       977,859  

Xero Ltd.(a)

     39,509       2,828,000  

Yancoal Australia Ltd., NVS

     94,479       368,569  
   

 

 

  
       393,101,545  

 

 

70  

2 0 2 4  I 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 Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Hong Kong — 5.3%

    

AIA Group Ltd.

     3,153,000     $ 24,727,138  

ASMPT Ltd.

     88,800       856,953  

Bank of East Asia Ltd. (The)

     339,000       385,497  

BOC Hong Kong Holdings Ltd.

     1,028,000       2,463,903  

Brightoil Petroleum Holdings Ltd.(b)

     763,800       1  

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

     488,300       769,630  

Cafe de Coral Holdings Ltd.

     92,000       92,535  

Champion REIT

     653,000       155,491  

Chow Sang Sang Holdings International Ltd.

     90,000       98,082  

CITIC Telecom International Holdings Ltd.

     418,000       149,048  

Citychamp Watch & Jewellery Group Ltd.(a)

     564,000       77,913  

CK Asset Holdings Ltd.

     538,072       2,427,964  

CK Hutchison Holdings Ltd.

     737,072       3,806,844  

CK Infrastructure Holdings Ltd.

     168,000       997,725  

CK Life Sciences International Holdings Inc.

     1,190,000       80,879  

CLP Holdings Ltd.

     451,000       3,587,001  

C-Mer Eye Care Holdings Ltd.(a)

     258,000       87,198  

Comba Telecom Systems Holdings Ltd.

     528,000       44,064  

Cowell e Holdings Inc.(a)

     65,000       133,261  

Dah Sing Banking Group Ltd.

     119,200       71,658  

Dah Sing Financial Holdings Ltd.

     66,400       133,726  

EC Healthcare

     107,000       15,766  

E-Commodities Holdings Ltd.

     472,000       89,551  

ESR Group Ltd.(d)

     614,800       785,882  

Far East Consortium International Ltd.

     334,400       53,961  

First Pacific Co. Ltd.

     614,000       233,220  

Fortune REIT

     514,000       294,315  

Fosun Tourism Group(a)(d)

     70,600       36,205  

Futu Holdings Ltd., ADR(a)

     15,966       745,932  

Galaxy Entertainment Group Ltd.

     606,000       3,145,067  

Giordano International Ltd.

     292,000       76,567  

Guotai Junan International Holdings Ltd.

     817,000       51,337  

Hang Lung Group Ltd.

     208,000       250,395  

Hang Lung Properties Ltd.

     505,000       586,285  

Hang Seng Bank Ltd.

     208,100         2,166,356  

Health and Happiness H&H International Holdings Ltd.

     51,000       66,624  

Henderson Land Development Co. Ltd.

     397,970       1,036,959  

HKBN Ltd.

     279,500       116,149  

HKT Trust & HKT Ltd., Class SS

     1,044,720       1,254,980  

Hong Kong & China Gas Co. Ltd.

     3,107,525       2,211,399  

Hong Kong Exchanges & Clearing Ltd.

     308,500       9,353,349  

Hongkong Land Holdings Ltd.

     308,500       962,984  

Hsin Chong Group Holdings Ltd.(b)

     1,002,000       1  

Hutchison Telecommunications Hong Kong Holdings Ltd.

     674,000       89,479  

Hysan Development Co. Ltd.

     186,000       321,035  

IGG Inc.(a)

     307,000       109,273  

Jardine Matheson Holdings Ltd.

     44,000       1,766,781  

Johnson Electric Holdings Ltd.

     129,500       169,825  

JS Global Lifestyle Co. Ltd.(d)

     382,500       59,137  

Kerry Logistics Network Ltd.

     104,151       115,717  

Kerry Properties Ltd.

     156,500       248,519  

Link REIT

     705,700       3,539,567  

Luk Fook Holdings International Ltd.

     90,000       222,968  

Man Wah Holdings Ltd.

     505,600       315,168  

Melco International Development Ltd.(a)

     205,000       132,959  

Melco Resorts & Entertainment Ltd., ADR(a)

     58,595       457,627  

MTR Corp. Ltd.

     417,500       1,358,257  

New World Development Co. Ltd.

     414,000       507,420  

Nissin Foods Co. Ltd.

     66,000       48,688  

NWS Holdings Ltd.

     269,000       233,740  
Security   Shares     Value  

Hong Kong (continued)

    

Pacific Basin Shipping Ltd.

     1,415,000     $ 393,878  

PAX Global Technology Ltd.

     193,000       135,037  

PCCW Ltd.

     1,238,000       640,358  

Perfect Medical Health Management Ltd.

     65,000       24,990  

Power Assets Holdings Ltd.

     382,500       2,239,608  

Realord Group Holdings Ltd.(a)

     108,000       73,492  

Sa Sa International Holdings Ltd.(a)

     214,000       22,437  

Sands China Ltd.(a)

     651,200       1,709,250  

Shangri-La Asia Ltd.(a)

     360,000       223,705  

Shun Tak Holdings Ltd.(a)

     500,000       49,922  

Sino Land Co. Ltd.

     976,000       1,019,494  

SITC International Holdings Co. Ltd.

     350,000       531,070  

SJM Holdings Ltd.(a)

     674,000       189,413  

SmarTone Telecommunications Holdings Ltd.

     161,000       80,521  

Stella International Holdings Ltd.

     183,500       242,004  

Sun Hung Kai Properties Ltd.

     399,500       3,728,688  

SUNeVision Holdings Ltd.

     244,000       83,722  

Swire Pacific Ltd., Class A

     121,500       940,049  

Swire Properties Ltd.

     312,400       583,805  

Techtronic Industries Co. Ltd.

     376,500       3,998,846  

Texhong Textile Group Ltd.(a)

     131,000       61,998  

Theme International Holdings Ltd.(a)

     1,170,000       62,130  

United Energy Group Ltd.

     2,436,000       258,874  

United Laboratories International Holdings Ltd. (The)

     286,000       247,233  

Value Partners Group Ltd.(c)

     526,000       121,119  

Vitasoy International Holdings Ltd.

     252,000       193,430  

Viva Goods Co. Ltd.(a)

     1,136,000       101,811  

Vobile Group Ltd.(a)(c)

     352,000       65,287  

VSTECS Holdings Ltd.

     152,000       81,904  

VTech Holdings Ltd.

     53,500       309,871  

WH Group Ltd.(d)

     2,308,000       1,361,707  

Wharf Holdings Ltd. (The)

     297,898       870,365  

Wharf Real Estate Investment Co. Ltd.

     452,000       1,324,285  

Xinyi Glass Holdings Ltd.

     443,000       367,258  

Yue Yuen Industrial Holdings Ltd.

     203,000       191,435  
   

 

 

  
       96,904,951  
Japan — 68.5%            

77 Bank Ltd. (The)

     13,900       334,341  

Abalance Corp.

     2,700       49,487  

ABC-Mart Inc.

     26,900       466,191  

Activia Properties Inc.

     181       492,929  

Adastria Co. Ltd.

     6,800       158,515  

ADEKA Corp.

     21,800       426,554  

Advance Logistics Investment Corp.

     211       183,355  

Advance Residence Investment Corp.

     366       805,988  

Advantest Corp.

     210,500       8,377,441  

Aeon Co. Ltd.

     179,800       4,296,712  

Aeon Delight Co. Ltd.

     6,600       169,059  

AEON Financial Service Co. Ltd.

     29,800       271,408  

Aeon Hokkaido Corp.

     10,100       65,426  

Aeon Mall Co. Ltd.

     24,600       304,500  

AEON REIT Investment Corp.

     508       478,679  

AGC Inc.

     53,800       2,023,323  

Ai Holdings Corp.

     7,700       129,260  

Aica Kogyo Co. Ltd.

     13,100       303,540  

Aichi Corp.

     10,700       80,495  

Aichi Financial Group Inc., NVS

     13,400       236,556  

Aida Engineering Ltd.

     6,700       38,095  

Aiful Corp.

     80,800       202,578  

Ain Holdings Inc.

     7,300       238,224  

Air Water Inc.

     48,900       645,931  

Airtrip Corp.

     1,900       23,386  

 

 

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

   71

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Aisin Corp.

     39,200     $ 1,463,535  

Ajinomoto Co. Inc.

     121,700       4,997,600  

Alfresa Holdings Corp.

     50,400       826,507  

Alpen Co. Ltd.

     1,700       23,410  

Alps Alpine Co. Ltd.

     51,524       382,387  

Amada Co. Ltd.

     94,500       1,019,809  

Amano Corp.

     16,700       384,845  

Amvis Holdings Inc.

     9,500       175,019  

ANA Holdings Inc.(a)

     42,300       934,752  

Anicom Holdings Inc.

     24,800       98,484  

Anritsu Corp.

     36,400       288,238  

Anycolor Inc.(a)(c)

     4,800       121,781  

AOKI Holdings Inc.

     7,500       59,690  

Aozora Bank Ltd.(c)

     31,100       683,667  

Appier Group Inc.(a)

     18,700       218,799  

Arata Corp.

     9,400       208,645  

ARCLANDS Corp.

     9,923       113,633  

Arcs Co. Ltd.

     11,800       234,788  

Argo Graphics Inc.

     4,700       137,913  

Ariake Japan Co. Ltd.

     4,300       137,882  

Artience Co. Ltd.

     8,800       164,663  

As One Corp.

     6,800       256,711  

Asahi Group Holdings Ltd.

     132,000       4,906,168  

Asahi Holdings Inc.

     20,200       281,277  

Asahi Intecc Co. Ltd.

     58,600       1,113,452  

Asahi Kasei Corp.

     351,400       2,664,856  

Asahi Yukizai Corp.

     3,400       94,586  

Asics Corp.

     44,500       1,352,182  

ASKUL Corp.

     9,500       128,408  

Astellas Pharma Inc.

     498,200        5,800,280  

Atom Corp.(a)(c)

     30,700       195,065  

Autobacs Seven Co. Ltd.

     17,500       190,244  

Avex Inc.

     5,300       50,841  

Awa Bank Ltd. (The)

     9,700       162,697  

Axial Retailing Inc.

     5,600       154,916  

Azbil Corp.

     32,000       1,034,070  

AZ-COM MARUWA Holdings Inc.

     7,600       78,263  

Bandai Namco Holdings Inc.

     164,600       3,564,008  

Bank of Nagoya Ltd. (The)

     2,800       105,282  

Base Co. Ltd.

     1,700       37,605  

BayCurrent Consulting Inc.

     37,200       864,863  

Belc Co. Ltd.

     3,500       149,538  

Bell System24 Holdings Inc.

     11,300       137,745  

Belluna Co. Ltd.

     7,600       32,704  

Benefit One Inc.(c)

     21,800       311,082  

Benesse Holdings Inc.

     19,200       339,541  

Bengo4.com Inc.(a)(c)

     900       24,299  

Bic Camera Inc.

     26,900       250,748  

BIPROGY Inc.

     21,800       638,270  

BML Inc.

     5,200       100,498  

Bridgestone Corp.

     156,700       6,790,231  

Brother Industries Ltd.

     63,200       1,058,762  

Bunka Shutter Co. Ltd.

     14,000       139,457  

C Uyemura & Co. Ltd.

     2,300       174,535  

C.I. Takiron Corp.

     16,700       73,700  

Calbee Inc.

     24,100       506,587  

Canon Electronics Inc.

     4,100       58,294  

Canon Inc.

     275,400       7,586,478  

Canon Marketing Japan Inc.

     11,300       343,804  

Capcom Co. Ltd.

     47,000       1,792,522  

Casio Computer Co. Ltd.

     49,900       430,253  

Cawachi Ltd.

     1,400       25,657  
Security   Shares     Value  

Japan (continued)

    

Central Glass Co. Ltd.

     5,000     $ 93,551  

Central Japan Railway Co.

     197,600       4,938,545  

Change Holdings Inc.(c)

     12,400       114,033  

Chiba Bank Ltd. (The)

     144,000       1,067,078  

Chiyoda Corp.(a)

     31,800       72,932  

Chofu Seisakusho Co. Ltd.

     3,100       44,346  

Chubu Electric Power Co. Inc.

     180,100       2,336,381  

Chudenko Corp.

     8,500       160,271  

Chugai Pharmaceutical Co. Ltd.

     184,400       6,632,908  

Chugin Financial Group Inc., NVS

     44,000       311,566  

Chugoku Electric Power Co. Inc. (The)

     86,100       612,197  

Chugoku Marine Paints Ltd.

     6,600       83,957  

Citizen Watch Co. Ltd.

     51,500       326,628  

CKD Corp.

     13,200       232,757  

Coca-Cola Bottlers Japan Holdings Inc.

     38,025       516,076  

COLOPL Inc.

     25,000       106,786  

Colowide Co. Ltd.

     20,600       329,341  

Comforia Residential REIT Inc.

     193       404,495  

COMSYS Holdings Corp.

     31,200       683,127  

Comture Corp.

     6,900       85,323  

Concordia Financial Group Ltd.

     293,300       1,397,705  

Cosmo Energy Holdings Co. Ltd.

     17,900       743,443  

Cosmos Pharmaceutical Corp.

     5,500       590,778  

Cover Corp.(a)(c)

     7,500       144,217  

CRE Logistics REIT Inc.

     188       196,680  

Create Restaurants Holdings Inc.

     31,700       237,915  

Create SD Holdings Co. Ltd.

     7,100       154,505  

Credit Saison Co. Ltd.

     41,500       770,301  

Curves Holdings Co. Ltd.

     7,700       35,673  

CyberAgent Inc.

     125,500       809,955  

CYBERDYNE Inc.(a)

     30,700       42,682  

Cybozu Inc.

     5,600       84,071  

Dai Nippon Printing Co. Ltd.

     57,100       1,652,471  

Daicel Corp.

     63,000       617,222  

Daido Steel Co. Ltd.

     36,200       377,217  

Daiei Kankyo Co. Ltd.

     10,400       176,928  

Daifuku Co. Ltd.

     85,300       1,682,116  

Daihen Corp.

     5,700       270,092  

Daiho Corp.

     1,700       44,653  

Dai-ichi Life Holdings Inc.

     258,600       5,671,812  

Daiichi Sankyo Co. Ltd.

     507,600        15,197,054  

Daiichikosho Co. Ltd.

     19,800       271,257  

Daiki Aluminium Industry Co. Ltd.

     4,200       35,572  

Daikin Industries Ltd.

     72,700       11,648,880  

Daikokutenbussan Co. Ltd.

     900       50,947  

Daio Paper Corp.

     29,100       219,188  

Daiseki Co. Ltd.

     10,540       301,369  

Daishi Hokuetsu Financial Group Inc.

     9,200       254,975  

Daito Trust Construction Co. Ltd.

     17,200       1,956,509  

Daiwa House Industry Co. Ltd.

     162,700       5,031,000  

Daiwa House REIT Investment Corp.

     645       1,139,651  

Daiwa Industries Ltd.

     5,300       56,535  

Daiwa Office Investment Corp.

     74       315,463  

Daiwa Securities Group Inc.

     367,500       2,633,822  

Daiwa Securities Living Investments Corp.

     555       399,300  

Daiwabo Holdings Co. Ltd.

     22,100       480,558  

DCM Holdings Co. Ltd.

     30,800       286,915  

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

     7,900       22,480  

DeNA Co. Ltd.

     20,900       211,017  

Denka Co. Ltd.

     22,700       395,848  

Denso Corp.

     520,100       8,169,757  

Dentsu Group Inc.

     56,400       1,496,927  

 

 

72  

2 0 2 4  I 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 Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

Dentsu Soken Inc.

     7,100     $ 265,084  

Descente Ltd.

     9,100       210,183  

Dexerials Corp.

     17,100       492,796  

DIC Corp.

     20,700       390,677  

Digital Arts Inc.

     2,800       95,976  

Digital Garage Inc.

     7,900       190,464  

Dip Corp.

     8,400       143,457  

Disco Corp.

     25,400       6,853,910  

DMG Mori Co. Ltd.

     32,700       654,771  

Doshisha Co. Ltd.

     4,000       60,231  

Doutor Nichires Holdings Co. Ltd.

     10,400       153,557  

Dowa Holdings Co. Ltd.

     14,800       516,155  

DTS Corp.

     11,900       292,686  

Duskin Co. Ltd.

     12,000       278,621  

DyDo Group Holdings Inc.

     5,800       116,474  

Eagle Industry Co. Ltd.

     5,800       67,188  

Earth Corp.

     3,900       119,389  

East Japan Railway Co.

     83,100       4,752,707  

Ebara Corp.

     26,000       1,628,305  

EDION Corp.

     17,500       192,698  

eGuarantee Inc.

     6,900       89,932  

Eiken Chemical Co. Ltd.

     7,200       89,741  

Eisai Co. Ltd.

     69,000       3,249,115  

Eizo Corp.

     4,400       151,930  

Elan Corp.

     5,300       38,005  

Elecom Co. Ltd.

     10,700       124,441  

Electric Power Development Co. Ltd.

     40,600       681,979  

EM Systems Co. Ltd.

     6,200       29,504  

en Japan Inc.

     6,900       127,522  

ENEOS Holdings Inc.

     790,500       3,192,476  

Enplas Corp.

     1,600       130,000  

eRex Co. Ltd.(c)

     7,800       43,381  

ES-Con Japan Ltd.(a)

     8,200       56,417  

Euglena Co. Ltd.(a)(c)

     24,900       116,687  

Exedy Corp.

     8,500       163,076  

EXEO Group Inc.

     25,300       565,053  

Ezaki Glico Co. Ltd.

     14,200       415,471  

Fancl Corp.

     22,900       361,628  

FANUC Corp.

     261,300       7,228,175  

Fast Retailing Co. Ltd.

     48,400       12,921,675  

FCC Co. Ltd.

     10,100       131,582  

Ferrotec Holdings Corp.

     13,000       250,723  

Financial Partners Group Co. Ltd.

     20,500       235,110  

Food & Life Companies Ltd.

     30,700       614,320  

FP Corp.

     11,400       220,860  

FP Partner Inc.

     2,200       91,515  

Freee KK(a)(c)

     12,800       240,950  

Frontier Real Estate Investment Corp.

     122       360,617  

Fuji Co. Ltd./Ehime

     5,700       76,833  

Fuji Corp./Aichi

     20,000       338,870  

Fuji Electric Co. Ltd.

     35,000       1,752,800  

Fuji Kyuko Co. Ltd.

     6,100       180,308  

Fuji Media Holdings Inc.

     13,100       155,192  

Fuji Oil Holdings Inc.

     11,700       187,421  

Fuji Seal International Inc.

     9,000       106,135  

Fuji Soft Inc.

     14,300       626,803  

Fujicco Co. Ltd.

     3,200       43,921  

FUJIFILM Holdings Corp.(c)

     102,200       6,477,937  

Fujikura Ltd.

     65,300       536,799  

Fujimi Inc.

     13,500       270,537  

Fujimori Kogyo Co. Ltd.

     4,300       118,761  

Fujio Food Group Inc.(a)

     6,300       62,747  
Security   Shares     Value  

Japan (continued)

    

Fujitec Co. Ltd.

     15,000     $ 382,732  

Fujitsu General Ltd.

     19,700       288,647  

Fujitsu Ltd.

     48,600        6,726,932  

Fujiya Co. Ltd.(c)

     3,300       55,430  

Fukuda Denshi Co. Ltd.

     4,300       229,282  

Fukui Computer Holdings Inc.

     1,900       33,536  

Fukuoka Financial Group Inc.

     43,532       1,069,898  

Fukuoka REIT Corp.

     197       233,020  

Fukushima Galilei Co. Ltd.

     4,200       146,282  

Fukuyama Transporting Co. Ltd.

     6,300       174,240  

Fullcast Holdings Co. Ltd.

     2,900       35,012  

Funai Soken Holdings Inc.

     10,200       177,598  

Furukawa Co. Ltd.

     4,900       64,228  

Furukawa Electric Co. Ltd.

     18,800       341,980  

Fuso Chemical Co. Ltd.

     5,700       160,512  

Future Corp.

     8,900       105,631  

Fuyo General Lease Co. Ltd.

     4,100       366,648  

G-7 Holdings Inc.

     3,000       25,575  

Genky DrugStores Co. Ltd.

     1,300       59,147  

Geo Holdings Corp.

     4,400       71,888  

Giken Ltd.

     2,600       38,135  

Global One Real Estate Investment Corp.

     314       233,931  

GLOBERIDE Inc.

     2,200       30,964  

Glory Ltd.

     11,600       239,673  

GLP J-REIT

     1,263       1,127,649  

GMO Financial Gate Inc.(c)

     1,500       103,241  

GMO Financial Holdings Inc.

     9,500       48,550  

GMO internet group Inc.

     20,100       362,250  

GMO Payment Gateway Inc.

     11,000       663,721  

GNI Group Ltd.(a)

     14,500       259,889  

Goldcrest Co. Ltd.

     3,600       57,413  

Goldwin Inc.

     5,900       396,889  

Gree Inc.

     8,800       35,008  

GS Yuasa Corp.

     24,300       350,473  

G-Tekt Corp.

     4,900       60,906  

GungHo Online Entertainment Inc.(a)

     10,300       173,168  

Gunma Bank Ltd. (The)

     89,700       442,329  

Gunze Ltd.

     3,900       142,549  

H.U. Group Holdings Inc.

     14,300       265,835  

H2O Retailing Corp.

     27,000       289,070  

Hachijuni Bank Ltd. (The)

     95,700       521,556  

Hakuhodo DY Holdings Inc.

     61,200       470,091  

Hakuto Co. Ltd.

     3,000       124,197  

Halows Co. Ltd.

     2,200       65,232  

Hamakyorex Co. Ltd.

     4,900       136,436  

Hamamatsu Photonics KK

     38,600       1,524,889  

Hankyu Hanshin Holdings Inc.

     63,700       1,948,935  

Hankyu Hanshin REIT Inc.(c)

     201       199,026  

Hanwa Co. Ltd.

     8,500       310,900  

Harmonic Drive Systems Inc.

     13,900       336,848  

Haseko Corp.

     65,400       850,454  

Hazama Ando Corp.

     39,600       319,797  

Heiwa Corp.

     14,200       210,981  

Heiwa Real Estate Co. Ltd.

     9,400       248,520  

Heiwa Real Estate REIT Inc.

     295       274,155  

Heiwado Co. Ltd.

     8,700       129,928  

Hiday Hidaka Corp.

     7,800       157,222  

Hikari Tsushin Inc.

     5,500       958,374  

Hino Motors Ltd.(a)

     68,900       234,576  

Hioki E.E. Corp.

     2,000       88,752  

Hirata Corp.

     2,000       91,491  

Hirogin Holdings Inc.

     68,600       460,326  

 

 

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

   73

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

Hirose Electric Co. Ltd.

     8,400     $ 977,363  

HIS Co. Ltd.(a)

     17,600       213,812  

Hisamitsu Pharmaceutical Co. Inc.

     13,900       396,182  

Hitachi Construction Machinery Co. Ltd.

     28,100       797,265  

Hitachi Ltd.

     255,400       20,061,759  

Hitachi Zosen Corp.

     38,200       235,706  

Hogy Medical Co. Ltd.

     6,200       149,469  

Hokkaido Electric Power Co. Inc.

     55,800       248,955  

Hokkoku Financial Holdings Inc.

     5,100       151,742  

Hokuetsu Corp.

     30,900       292,141  

Hokuhoku Financial Group Inc.

     31,900       337,950  

Hokuriku Electric Power Co.(a)

     50,200       245,465  

Hokuto Corp.

     3,100       37,816  

Honda Motor Co. Ltd.

     1,269,600        14,191,665  

Horiba Ltd.

     9,500       762,223  

Hoshino Resorts REIT Inc.

     69       240,810  

Hoshizaki Corp.

     30,400       1,105,993  

Hosiden Corp.

     10,600       130,121  

House Foods Group Inc.

     18,300       402,810  

Hoya Corp.

     97,700       12,410,740  

Hulic Co. Ltd.

     110,000       1,214,658  

Hulic REIT Inc.

     380       400,165  

Hyakugo Bank Ltd. (The)

     62,200       241,233  

Ibiden Co. Ltd.

     31,300       1,575,014  

Ichibanya Co. Ltd.

     3,800       167,489  

Ichigo Inc.

     69,400       185,005  

Ichigo Office REIT Investment Corp.

     305       171,389  

Idec Corp./Japan

     7,800       156,090  

Idemitsu Kosan Co. Ltd.

     270,635       1,502,831  

IDOM Inc.

     19,800       118,265  

IHI Corp.

     37,600       719,152  

Iida Group Holdings Co. Ltd.

     43,200       652,188  

Iino Kaiun Kaisha Ltd.

     16,400       143,226  

I’ll Inc.

     2,800       62,166  

Inaba Denki Sangyo Co. Ltd.

     11,600       277,168  

Inabata & Co. Ltd.

     10,400       226,298  

Inageya Co. Ltd.

     4,500       38,671  

Industrial & Infrastructure Fund Investment Corp.

     571       516,722  

Infocom Corp.

     8,100       134,488  

Infomart Corp.

     55,100       147,882  

INFRONEER Holdings Inc.

     50,100       523,719  

Inpex Corp.

     266,800       3,626,467  

Insource Co. Ltd.

     9,500       53,700  

Internet Initiative Japan Inc.

     29,000       562,351  

Invincible Investment Corp.

     1,881       773,281  

Iriso Electronics Co. Ltd.

     4,500       105,234  

Isetan Mitsukoshi Holdings Ltd.

     96,500       1,128,308  

Ispace Inc./Japan, NVS(c)

     6,600       48,154  

Isuzu Motors Ltd.

     159,400       2,175,004  

Ito En Ltd.

     14,600       423,831  

ITOCHU Corp.

     326,700       14,826,986  

Itochu Enex Co. Ltd.

     16,900       181,000  

Itochu-Shokuhin Co. Ltd.

     1,300       66,417  

Itoham Yonekyu Holdings Inc.

     6,980       195,576  

Iwatani Corp.

     11,800       527,301  

Iyogin Holdings Inc., NVS

     73,900       502,663  

Izumi Co. Ltd.

     7,600       178,910  

J Front Retailing Co. Ltd.

     65,400       605,691  

J Trust Co. Ltd.(c)

     21,200       68,601  

JAC Recruitment Co. Ltd.

     17,100       78,126  

Jaccs Co. Ltd.

     5,800       222,180  

JAFCO Group Co. Ltd.

     12,800       151,817  
Security   Shares     Value  

Japan (continued)

    

Japan Airlines Co. Ltd.

     39,900     $ 766,709  

Japan Airport Terminal Co. Ltd.

     16,700       663,206  

Japan Aviation Electronics Industry Ltd.

     14,200       244,135  

Japan Display Inc.(a)

     169,400       22,876  

Japan Elevator Service Holdings Co. Ltd.

     20,000       302,230  

Japan Excellent Inc.

     357       295,165  

Japan Exchange Group Inc.

     138,100       3,056,388  

Japan Hotel REIT Investment Corp.

     1,305       670,637  

Japan Lifeline Co. Ltd.

     13,700       122,247  

Japan Logistics Fund Inc.

     254       469,651  

Japan Material Co. Ltd.

     19,100       322,748  

Japan Metropolitan Fund Invest

     1,939        1,316,277  

Japan Petroleum Exploration Co. Ltd.

     9,000       366,101  

Japan Post Bank Co. Ltd.

     398,800       4,147,459  

Japan Post Holdings Co. Ltd.

     572,000       5,475,574  

Japan Post Insurance Co. Ltd.

     52,400       981,027  

Japan Prime Realty Investment Corp.

     235       562,664  

Japan Pulp & Paper Co. Ltd.

     1,600       54,773  

Japan Real Estate Investment Corp.

     341       1,307,237  

Japan Securities Finance Co. Ltd.

     25,900       274,484  

Japan Steel Works Ltd. (The)

     18,400       302,827  

Japan Tobacco Inc.

     330,400       8,708,480  

Japan Wool Textile Co. Ltd. (The)

     14,400       145,251  

JCR Pharmaceuticals Co. Ltd.

     19,000       139,996  

JCU Corp.

     4,400       111,041  

JDC Corp.

     13,300       49,329  

Jeol Ltd.

     12,100       553,138  

JFE Holdings Inc.

     160,700       2,537,263  

JGC Holdings Corp.

     61,800       723,892  

JINS Holdings Inc.

     4,400       124,056  

JMDC Inc.

     6,000       158,775  

J-Oil Mills Inc.

     3,600       49,898  

Joshin Denki Co. Ltd.

     2,600       43,391  

Joyful Honda Co. Ltd.

     13,000       172,419  

JSR Corp.

     50,100       1,366,460  

JTEKT Corp.

     61,400       561,800  

JTOWER Inc.(a)(c)

     1,900       58,533  

Juroku Financial Group Inc.

     7,400       207,470  

Justsystems Corp.

     8,700       181,777  

JVCKenwood Corp.

     43,100       209,600  

Kadokawa Corp.

     24,200       512,009  

Kaga Electronics Co. Ltd.

     5,100       236,079  

Kagome Co. Ltd.

     21,000       517,022  

Kajima Corp.

     116,300       2,075,589  

Kakaku.com Inc.

     35,100       399,273  

Kaken Pharmaceutical Co. Ltd.

     7,600       179,487  

Kameda Seika Co. Ltd.

     4,300       122,122  

Kamigumi Co. Ltd.

     25,200       579,746  

Kanamoto Co. Ltd.

     9,800       187,189  

Kandenko Co. Ltd.

     26,800       275,612  

Kaneka Corp.

     11,500       279,650  

Kanematsu Corp.

     19,700       305,435  

Kansai Electric Power Co. Inc. (The)

     193,500       2,639,753  

Kansai Paint Co. Ltd.

     50,400       842,679  

Kanto Denka Kogyo Co. Ltd.

     6,000       35,910  

Kao Corp.

     127,800       5,056,734  

Kappa Create Co. Ltd.(a)

     4,500       53,825  

Kasumigaseki Capital Co. Ltd.

     1,300       110,173  

Katakura Industries Co. Ltd.

     2,700       31,098  

Katitas Co. Ltd.

     12,400       154,164  

Kato Sangyo Co. Ltd.

     5,600       182,602  

Kawasaki Heavy Industries Ltd.

     40,700       921,443  

 

 

74  

2 0 2 4  I 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 Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

Kawasaki Kisen Kaisha Ltd.

     37,200     $ 1,812,525  

KDDI Corp.

     410,700       13,608,559  

KDX Realty Investment Corp.

     1,161       1,259,385  

KeePer Technical Laboratory Co. Ltd.

     3,600       158,872  

Keihan Holdings Co. Ltd.

     28,300       690,212  

Keihanshin Building Co. Ltd.

     4,300       43,452  

Keikyu Corp.

     61,800       539,787  

Keio Corp.(c)

     27,900       816,363  

Keisei Electric Railway Co. Ltd.

     35,000       1,583,745  

Keiyo Bank Ltd. (The)

     27,500       134,619  

Kewpie Corp.

     28,300       503,638  

Keyence Corp.

     53,800        24,070,006  

KFC Holdings Japan Ltd.

     5,400       123,887  

KH Neochem Co. Ltd.

     9,100       141,811  

Kikkoman Corp.

     37,200       2,288,850  

Kinden Corp.

     35,400       589,925  

Kintetsu Department Store Co. Ltd.

     3,500       60,477  

Kintetsu Group Holdings Co. Ltd.

     50,900       1,570,645  

Kirin Holdings Co. Ltd.

     217,400       3,124,898  

Kisoji Co. Ltd.

     8,600       155,965  

Kissei Pharmaceutical Co. Ltd.

     6,900       147,335  

Ki-Star Real Estate Co. Ltd.

     1,400       33,064  

Kitz Corp.

     23,000       188,046  

Kiyo Bank Ltd. (The)

     13,200       148,775  

Koa Corp.

     6,300       64,463  

Kobayashi Pharmaceutical Co. Ltd.

     14,400       649,880  

Kobe Bussan Co. Ltd.

     40,300       1,029,774  

Kobe Steel Ltd.

     96,400       1,331,080  

Koei Tecmo Holdings Co. Ltd.

     33,972       423,161  

Kohnan Shoji Co. Ltd.

     5,300       140,792  

Koito Manufacturing Co. Ltd.

     52,100       797,614  

Kokuyo Co. Ltd.

     21,700       349,468  

Komatsu Ltd.

     254,600       7,243,357  

KOMEDA Holdings Co. Ltd.

     11,200       214,673  

Komeri Co. Ltd.

     8,400       188,216  

Konami Group Corp.

     28,200       1,734,249  

Konica Minolta Inc.(a)

     137,700       377,878  

Konishi Co. Ltd.

     17,900       171,422  

Konoike Transport Co. Ltd.

     5,500       73,169  

Kosaido Holdings Co. Ltd.

     20,200       102,494  

Kose Corp.

     9,300       608,431  

Koshidaka Holdings Co. Ltd.

     17,600       112,122  

Kotobuki Spirits Co. Ltd.

     24,700       332,329  

Krosaki Harima Corp.

     1,200       100,208  

K’s Holdings Corp.

     38,300       348,077  

Kubota Corp.

     276,400       4,183,995  

Kumagai Gumi Co. Ltd.

     8,200       213,413  

Kumiai Chemical Industry Co. Ltd.

     26,000       149,092  

Kura Sushi Inc.

     4,700       125,943  

Kuraray Co. Ltd.

     80,100       840,390  

Kureha Corp.

     11,400       218,221  

Kurita Water Industries Ltd.

     28,500       1,040,848  

Kusuri no Aoki Holdings Co. Ltd.

     13,800       297,938  

KYB Corp.

     4,800       166,433  

Kyocera Corp.

     352,800       5,165,017  

Kyoei Steel Ltd.

     4,800       68,994  

Kyokuto Kaihatsu Kogyo Co. Ltd.

     10,000       136,875  

Kyorin Pharmaceutical Co. Ltd.

     10,900       131,691  

Kyoritsu Maintenance Co. Ltd.

     8,000       328,730  

Kyoto Financial Group Inc.

     64,200       1,066,969  

Kyowa Kirin Co. Ltd.

     73,100       1,151,469  

Kyudenko Corp.

     12,100       460,260  
Security   Shares     Value  

Japan (continued)

    

Kyushu Electric Power Co. Inc.(a)

     110,100     $ 824,552  

Kyushu Financial Group Inc.

     96,300       612,814  

Kyushu Railway Co.

     37,800       830,844  

LaSalle Logiport REIT

     504       510,375  

Lasertec Corp.

     21,200       5,521,095  

Lawson Inc.

     12,300       704,029  

Leopalace21 Corp.(a)

     63,100       176,505  

Life Corp.

     7,700       195,539  

LIFENET INSURANCE Co.(a)(c)

     11,800       100,042  

Link And Motivation Inc.

     5,700       21,383  

Lintec Corp.

     11,400       215,902  

Lion Corp.

     61,900       551,784  

LITALICO Inc.

     3,900       56,825  

Lixil Corp.

     76,900       1,027,612  

LY Corp.

     744,000        2,314,608  

M&A Capital Partners Co. Ltd.

     5,300       81,626  

M&A Research Institute Holdings Inc., NVS(a)

     6,200       220,668  

M3 Inc.

     122,500       1,933,050  

Mabuchi Motor Co. Ltd.

     27,700       480,105  

Macnica Holdings Inc.

     12,800       677,323  

Maeda Kosen Co. Ltd.

     5,700       124,258  

Makino Milling Machine Co. Ltd.

     6,500       263,281  

Makita Corp.

     61,800       1,663,346  

Management Solutions Co. Ltd.

     1,500       30,358  

Mandom Corp.

     12,200       106,205  

Mani Inc.

     20,800       288,958  

Marubeni Corp.

     394,100       6,722,031  

Maruha Nichiro Corp.

     9,500       187,968  

Marui Group Co. Ltd.

     50,100       828,412  

Maruichi Steel Tube Ltd.

     17,900       456,084  

MARUKA FURUSATO Corp.

     4,400       73,064  

Maruwa Co. Ltd./Aichi

     2,400       480,206  

Maruzen Showa Unyu Co. Ltd.

     1,900       52,457  

Matsuda Sangyo Co. Ltd.

     3,600       67,000  

Matsui Securities Co. Ltd.

     31,900       179,215  

MatsukiyoCocokara & Co.

     95,690       1,739,335  

Matsuyafoods Holdings Co. Ltd.

     1,700       68,378  

Max Co. Ltd.

     9,100       202,248  

Maxell Ltd.

     10,400       114,385  

Maxvalu Tokai Co. Ltd.

     2,400       52,918  

Mazda Motor Corp.

     154,300       1,870,648  

McDonald’s Holdings Co. Japan Ltd.

     23,800       1,059,682  

MCJ Co. Ltd.

     15,900       133,328  

Mebuki Financial Group Inc.

     260,390       779,398  

Medipal Holdings Corp.

     51,700       825,183  

Medley Inc.(a)

     5,300       166,176  

Megachips Corp.

     4,600       148,527  

Megmilk Snow Brand Co. Ltd.

     11,900       186,631  

Meidensha Corp.

     9,900       177,461  

MEIJI Holdings Co. Ltd.

     64,800       1,567,163  

Meiko Electronics Co. Ltd.

     4,500       122,570  

MEITEC Group Holdings Inc.

     19,600       387,753  

Melco Holdings Inc.

     1,200       26,703  

Menicon Co. Ltd.

     18,700       271,562  

Mercari Inc.(a)

     29,900       494,362  

METAWATER Co. Ltd.

     8,600       125,332  

Micronics Japan Co. Ltd.

     7,800       231,608  

Mie Kotsu Group Holdings Inc.

     24,800       105,590  

Milbon Co. Ltd.

     6,400       152,945  

Mimasu Semiconductor Industry Co. Ltd.

     2,700       58,192  

MINEBEA MITSUMI Inc.

     101,600       2,100,093  

Mirai Corp.

     565       172,763  

 

 

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

   75

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

Mirai Industry Co. Ltd.

     3,200     $ 100,221  

MIRAIT ONE corp.

     28,100       371,256  

MISUMI Group Inc.

     80,300       1,376,735  

Mitani Sekisan Co. Ltd.

     2,800       96,204  

Mitsubishi Chemical Group Corp.

     357,500       2,155,632  

Mitsubishi Corp.

     948,200        16,342,172  

Mitsubishi Electric Corp.

     531,900       7,893,555  

Mitsubishi Estate Co. Ltd.

     310,500       4,302,261  

Mitsubishi Estate Logistics REIT Investment Corp.

     117       293,133  

Mitsubishi Gas Chemical Co. Inc.

     43,400       708,760  

Mitsubishi HC Capital Inc.

     224,400       1,591,096  

Mitsubishi Heavy Industries Ltd.

     87,800       5,856,565  

Mitsubishi Logisnext Co. Ltd.

     8,400       86,999  

Mitsubishi Logistics Corp.

     13,900       429,359  

Mitsubishi Materials Corp.

     34,800       637,101  

Mitsubishi Motors Corp.

     174,400       549,546  

Mitsubishi Pencil Co. Ltd.

     5,300       72,070  

Mitsubishi Research Institute Inc.

     1,600       53,632  

Mitsubishi Shokuhin Co. Ltd.

     5,400       183,579  

Mitsubishi UFJ Financial Group Inc.

     3,137,000       29,382,856  

Mitsuboshi Belting Ltd.

     5,000       166,789  

Mitsui & Co. Ltd.

     356,900       14,474,874  

Mitsui Chemicals Inc.

     47,500       1,397,937  

Mitsui DM Sugar Holdings Co. Ltd.

     3,200       73,529  

Mitsui Fudosan Co. Ltd.

     245,100       6,152,933  

Mitsui Fudosan Logistics Park Inc.

     163       488,663  

Mitsui High-Tec Inc.

     4,700       216,936  

Mitsui Mining & Smelting Co. Ltd.

     16,200       500,828  

Mitsui OSK Lines Ltd.

     94,400       3,390,892  

Mitsui-Soko Holdings Co. Ltd.

     6,100       203,744  

Mitsuuroko Group Holdings Co. Ltd.

     7,600       79,296  

Miura Co. Ltd.

     24,200       442,221  

Mixi Inc.

     11,500       197,259  

Mizuho Financial Group Inc.

     662,720       12,036,029  

Mizuho Leasing Co. Ltd.

     6,800       246,437  

Mizuno Corp.

     5,200       155,130  

Mochida Pharmaceutical Co. Ltd.

     5,000       113,044  

Modec Inc.(a)

     3,300       51,534  

Monex Group Inc.

     47,000       244,599  

Money Forward Inc.(a)

     11,800       460,578  

Monogatari Corp. (The)

     8,100       285,609  

MonotaRO Co. Ltd.

     68,500       645,148  

Mori Hills REIT Investment Corp.

     413       384,362  

Mori Trust REIT Inc.

     664       337,197  

Morinaga & Co. Ltd./Japan

     19,500       372,174  

Morinaga Milk Industry Co. Ltd.

     18,900       387,044  

Morita Holdings Corp.

     5,100       55,076  

MOS Food Services Inc.

     6,300       146,526  

MS&AD Insurance Group Holdings Inc.

     117,900       4,868,649  

Murata Manufacturing Co. Ltd.

     477,200       9,635,680  

Musashi Seimitsu Industry Co. Ltd.

     11,800       133,934  

Musashino Bank Ltd. (The)

     5,800       109,270  

Nabtesco Corp.

     30,900       593,926  

Nachi-Fujikoshi Corp.

     2,200       51,306  

Nafco Co. Ltd.

     3,900       59,108  

Nagaileben Co. Ltd.(c)

     7,700       122,180  

Nagase & Co. Ltd.

     23,200       379,336  

Nagawa Co. Ltd.

     2,500       120,751  

Nagoya Railroad Co. Ltd.

     50,100       772,437  

Nakanishi Inc.

     20,000       327,317  

Nankai Electric Railway Co. Ltd.

     29,000       565,499  

Nanto Bank Ltd. (The)

     8,500       153,749  
Security   Shares     Value  

Japan (continued)

    

NEC Corp.

     67,900     $ 4,436,905  

NEC Networks & System Integration Corp.

     18,800       303,605  

NET One Systems Co. Ltd.

     22,900       372,333  

Nexon Co. Ltd.

     95,800       1,528,875  

Nextage Co. Ltd.(c)

     12,300       185,320  

NGK Insulators Ltd.

     63,600       794,538  

NH Foods Ltd.

     22,400       767,114  

NHK Spring Co. Ltd.

     55,100       454,887  

Nichias Corp.

     13,600       317,893  

Nichicon Corp.

     10,700       93,516  

Nichiden Corp.

     2,900       54,083  

Nichiha Corp.

     4,900       98,438  

Nichirei Corp.

     30,900       746,318  

Nidec Corp.

     114,800       4,281,675  

Nifco Inc./Japan

     19,500       506,040  

Nihon Kohden Corp.

     22,600       688,778  

Nihon M&A Center Holdings Inc.

     88,900       534,367  

Nihon Parkerizing Co. Ltd.

     26,100       207,310  

Nikkiso Co. Ltd.

     12,100       88,829  

Nikkon Holdings Co. Ltd.

     13,800       296,460  

Nikon Corp.

     81,100       827,669  

Nintendo Co. Ltd.

     285,100        15,928,790  

Nippn Corp., New

     11,000       168,872  

Nippon Accommodations Fund Inc.

     136       566,186  

Nippon Building Fund Inc.

     419       1,695,320  

Nippon Carbon Co. Ltd.

     1,700       51,656  

Nippon Ceramic Co. Ltd.

     6,300       114,089  

Nippon Densetsu Kogyo Co. Ltd.

     10,100       140,096  

Nippon Electric Glass Co. Ltd.

     22,100       491,259  

Nippon Express Holdings Inc.

     20,700       1,232,091  

Nippon Gas Co. Ltd.

     30,100       466,269  

Nippon Kanzai Holdings Co. Ltd.

     7,200       128,554  

Nippon Kayaku Co. Ltd.

     38,200       341,023  

Nippon Light Metal Holdings Co. Ltd.

     18,110       223,149  

Nippon Paint Holdings Co. Ltd.

     266,700       2,100,615  

Nippon Paper Industries Co. Ltd.(a)

     31,200       289,199  

Nippon Parking Development Co. Ltd.

     57,000       70,965  

Nippon Pillar Packing Co. Ltd.

     4,200       138,101  

Nippon Prologis REIT Inc.

     610       1,085,313  

NIPPON REIT Investment Corp.

     109       252,395  

Nippon Road Co. Ltd. (The)

     5,000       72,082  

Nippon Sanso Holdings Corp.

     47,000       1,190,947  

Nippon Seiki Co. Ltd.

     17,100       158,501  

Nippon Shinyaku Co. Ltd.

     13,800       487,526  

Nippon Shokubai Co. Ltd.

     8,200       308,485  

Nippon Signal Co. Ltd.

     6,200       39,558  

Nippon Soda Co. Ltd.

     6,600       254,772  

Nippon Steel Corp.

     235,828       5,675,120  

Nippon Telegraph & Telephone Corp.

     8,220,100       10,322,425  

Nippon Television Holdings Inc.

     19,000       221,667  

Nippon Yusen KK

     132,900       4,579,848  

Nipro Corp.

     38,000       306,019  

Nishimatsu Construction Co. Ltd.

     10,100       277,639  

Nishimatsuya Chain Co. Ltd.

     12,400       179,089  

Nishi-Nippon Financial Holdings Inc.

     31,600       363,847  

Nishi-Nippon Railroad Co. Ltd.

     14,600       242,681  

Nishio Holdings Co. Ltd.

     5,900       161,612  

Nissan Chemical Corp.

     34,500       1,375,957  

Nissan Motor Co. Ltd.

     646,400       2,537,653  

Nissan Shatai Co. Ltd.

     23,600       155,719  

Nissha Co. Ltd.

     9,100       100,949  

Nisshin Oillio Group Ltd. (The)

     5,700       174,122  

 

 

76  

2 0 2 4  I 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 Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

Nisshin Seifun Group Inc.

     56,600     $ 789,524  

Nisshinbo Holdings Inc.

     33,100       273,187  

Nissin Foods Holdings Co. Ltd.

     56,000       1,811,677  

Nissui Corp.

     73,700       402,693  

Niterra Co. Ltd.

     42,600       1,147,159  

Nitori Holdings Co. Ltd.

     22,000       2,879,398  

Nitta Corp.

     5,800       150,094  

Nittetsu Mining Co. Ltd.

     2,400       85,539  

Nitto Boseki Co. Ltd.

     7,300       249,277  

Nitto Denko Corp.

     39,800       3,301,722  

Nitto Kogyo Corp.

     6,000       163,276  

Noevir Holdings Co. Ltd.

     3,900       138,648  

NOF Corp.

     18,200       821,980  

Nohmi Bosai Ltd.

     3,200       48,330  

Nojima Corp.

     20,300       255,842  

NOK Corp.

     21,700       287,427  

Nomura Co. Ltd.

     25,100       148,354  

Nomura Holdings Inc.

     828,900       4,464,576  

Nomura Real Estate Holdings Inc.

     31,300       856,547  

Nomura Real Estate Master Fund Inc.

     1,148       1,256,216  

Nomura Research Institute Ltd.

     107,010        3,272,743  

Noritake Co. Ltd./Nagoya Japan

     3,100       164,912  

Noritsu Koki Co. Ltd.

     5,600       126,501  

Noritz Corp.

     8,300       87,432  

North Pacific Bank Ltd.

     63,600       162,185  

NS Solutions Corp.

     9,400       313,517  

NS United Kaiun Kaisha Ltd.

     3,600       126,611  

NSD Co. Ltd.

     19,000       356,553  

NSK Ltd.

     95,900       522,810  

NTN Corp.

     130,500       238,653  

NTT Data Group Corp.

     174,300       2,510,552  

NTT UD REIT Investment Corp.

     346       293,811  

Obara Group Inc.

     1,900       51,685  

Obayashi Corp.

     177,900       1,646,738  

OBIC Business Consultants Co. Ltd.

     8,600       415,898  

Obic Co. Ltd.

     19,400       2,980,025  

Odakyu Electric Railway Co. Ltd.

     85,800       1,311,066  

Ogaki Kyoritsu Bank Ltd. (The)

     10,800       144,590  

Ohsho Food Service Corp.

     2,900       160,335  

Oiles Corp.

     3,800       54,971  

Oisix ra daichi Inc.(a)(c)

     6,100       57,699  

Oji Holdings Corp.

     231,900       906,690  

Okamoto Industries Inc.

     1,600       54,214  

Okamura Corp.

     14,200       212,818  

Okasan Securities Group Inc.

     40,900       200,174  

Oki Electric Industry Co. Ltd.

     30,700       215,706  

Okinawa Cellular Telephone Co.

     7,000       170,573  

Okinawa Electric Power Co. Inc. (The)

     12,000       95,101  

Okinawa Financial Group Inc.

     3,100       53,276  

OKUMA Corp.

     6,600       296,961  

Okumura Corp.

     6,800       237,792  

Olympus Corp.

     330,900       4,898,532  

Omron Corp.

     49,200       2,212,290  

One REIT Inc.

     78       143,441  

Ono Pharmaceutical Co. Ltd.

     108,300       1,952,013  

Onward Holdings Co. Ltd.

     28,400       104,258  

Open House Group Co. Ltd.

     21,900       684,859  

Open Up Group Inc.

     17,400       269,518  

Optex Group Co. Ltd.

     9,900       122,949  

Optorun Co. Ltd.

     6,100       70,486  

Oracle Corp. Japan

     10,800       851,139  

Organo Corp.

     6,100       251,949  
Security   Shares     Value  

Japan (continued)

    

Orient Corp.

     11,950     $ 90,174  

Oriental Land Co. Ltd./Japan

     299,800       11,134,593  

ORIX Corp.

     322,500       6,227,238  

Orix JREIT Inc.

     694       802,756  

Osaka Gas Co. Ltd.

     103,400       2,177,278  

Osaka Organic Chemical Industry Ltd.

     1,700       33,815  

Osaka Soda Co. Ltd.

     4,100       287,822  

OSAKA Titanium Technologies Co. Ltd.(c)

     8,800       166,464  

OSG Corp.

     23,200       315,713  

Otsuka Corp.

     30,900        1,300,203  

Otsuka Holdings Co. Ltd.

     114,700       4,508,664  

Outsourcing Inc.(a)

     31,600       368,943  

Pacific Industrial Co. Ltd.

     12,200       118,427  

PAL GROUP Holdings Co. Ltd.

     12,200       195,106  

PALTAC Corp.

     9,100       277,053  

Pan Pacific International Holdings Corp.

     104,600       2,261,084  

Panasonic Holdings Corp.

     608,800       5,734,151  

Paramount Bed Holdings Co. Ltd.

     9,100       164,356  

Park24 Co. Ltd.(a)

     36,400       475,631  

Pasona Group Inc.

     7,200       131,300  

Penta-Ocean Construction Co. Ltd.

     72,400       387,917  

PeptiDream Inc.(a)(c)

     26,000       227,851  

Persol Holdings Co. Ltd.

     501,000       796,445  

Pharma Foods International Co. Ltd.

     3,200       21,783  

PHC Holdings Corp.

     3,900       40,355  

Pigeon Corp.

     30,900       337,697  

Pilot Corp.

     6,900       192,688  

Piolax Inc.

     8,300       140,585  

PKSHA Technology Inc.(a)(c)

     3,500       91,569  

Plus Alpha Consulting Co. Ltd.

     8,700       151,628  

Pola Orbis Holdings Inc.

     27,900       288,625  

Pressance Corp.

     3,400       38,457  

Prestige International Inc.

     28,300       116,204  

Prima Meat Packers Ltd.

     3,900       63,810  

Raito Kogyo Co. Ltd.

     12,100       169,147  

Raiznext Corp.

     3,400       36,180  

Raksul Inc.(a)

     10,200       79,153  

Rakus Co. Ltd.

     25,100       412,546  

Rakuten Bank Ltd., NVS(a)

     26,500       413,107  

Rakuten Group Inc.(a)

     418,600       1,838,808  

Recruit Holdings Co. Ltd.

     395,900       15,637,541  

Relo Group Inc.

     30,200       303,139  

Renesas Electronics Corp.(a)

     404,000       6,628,661  

Rengo Co. Ltd.

     54,700       354,733  

RENOVA Inc.(a)

     11,500       98,803  

Resona Holdings Inc.

     586,600       3,238,184  

Resonac Holdings Corp.

     47,500       947,221  

Resorttrust Inc.

     22,600       392,869  

Restar Holdings Corp.

     3,200       66,318  

Retail Partners Co. Ltd.

     4,300       50,899  

Ricoh Co. Ltd.

     151,800       1,193,147  

Ricoh Leasing Co. Ltd.

     4,700       161,336  

Riken Keiki Co. Ltd.

     2,800       138,339  

Riken Vitamin Co. Ltd.

     3,300       51,678  

Ringer Hut Co. Ltd.

     7,000       115,723  

Rinnai Corp.

     28,800       652,488  

Riso Kagaku Corp.

     6,500       131,359  

Riso Kyoiku Co. Ltd.

     29,400       48,516  

Rohm Co. Ltd.

     92,500       1,596,479  

Rohto Pharmaceutical Co. Ltd.

     51,700       1,057,866  

Roland Corp.

     2,700       89,704  

Rorze Corp.

     2,500       277,669  

 

 

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

   77

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

Round One Corp.

     56,300     $ 249,355  

Royal Holdings Co. Ltd.

     6,000       105,596  

RS Technologies Co. Ltd.

     3,500       67,945  

Ryobi Ltd.

     5,800       106,929  

Ryohin Keikaku Co. Ltd.

     69,800       1,085,330  

Ryosan Co. Ltd.

     2,800       92,259  

Ryoyo Electro Corp.

     3,900       99,524  

S Foods Inc.

     5,800       130,424  

Saibu Gas Holdings Co. Ltd.

     7,400       97,029  

Saizeriya Co. Ltd.

     7,300       250,604  

Sakai Moving Service Co. Ltd.

     6,800       129,251  

Sakata INX Corp.

     14,000       135,076  

Sakata Seed Corp.

     6,300       156,886  

SAMTY Co. Ltd.

     4,500       76,674  

Samty Residential Investment Corp.

     52       37,892  

San-A Co. Ltd.

     5,000       154,429  

San-Ai Obbli Co. Ltd.

     11,900       134,179  

SanBio Co. Ltd.(a)(c)

     5,400       20,659  

Sangetsu Corp.

     11,600       255,506  

San-In Godo Bank Ltd. (The)

     32,300       227,782  

Sanken Electric Co. Ltd.

     5,700       261,876  

Sanki Engineering Co. Ltd.

     12,000       153,949  

Sankyo Co. Ltd.

     10,500       642,249  

Sankyu Inc.

     12,600       471,016  

Sanrio Co. Ltd.

     14,000       584,601  

Sansan Inc.(a)(c)

     23,000       214,112  

Santen Pharmaceutical Co. Ltd.

     91,400       923,352  

Sanwa Holdings Corp.

     50,900       777,965  

Sanyo Chemical Industries Ltd.

     3,700       108,141  

Sanyo Denki Co. Ltd.

     1,800       74,843  

Sanyo Special Steel Co. Ltd.

     3,600       61,836  

Sapporo Holdings Ltd.

     17,500       809,179  

Sato Holdings Corp.

     8,800       129,388  

Sawai Group Holdings Co. Ltd.

     11,100       420,135  

SB Technology Corp.

     3,800       63,991  

SBI Holdings Inc.

     68,600       1,685,204  

SBI Sumishin Net Bank Ltd., NVS

     13,800       159,047  

SBS Holdings Inc.

     5,400       91,405  

SCREEN Holdings Co. Ltd.

     22,900       2,245,557  

SCSK Corp.

     42,500       834,471  

Secom Co. Ltd.

     58,400       4,238,691  

Sega Sammy Holdings Inc.

     41,600       612,252  

Seibu Holdings Inc.

     69,100       976,550  

Seiko Epson Corp.

     82,700       1,207,206  

Seiko Group Corp.

     5,400       96,337  

Seino Holdings Co. Ltd.

     35,600       519,897  

Seiren Co. Ltd.

     8,900       149,374  

Sekisui Chemical Co. Ltd.

     107,000        1,527,697  

Sekisui House Ltd.

     164,300       3,708,940  

Sekisui House REIT Inc.

     1,145       609,012  

Sekisui Jushi Corp.

     7,900       136,069  

Senko Group Holdings Co. Ltd.

     27,300       213,442  

Senshu Ikeda Holdings Inc.

     62,600       145,030  

Septeni Holdings Co. Ltd.

     27,400       91,743  

Seria Co. Ltd.

     10,800       197,912  

Seven & i Holdings Co. Ltd.

     207,100       8,179,377  

Seven Bank Ltd.

     162,800       340,793  

SG Holdings Co. Ltd.

     90,500       1,171,984  

Sharp Corp./Japan(a)

     72,000       484,150  

Shibaura Machine Co. Ltd.

     6,500       157,592  

Shibaura Mechatronics Corp.

     2,700       127,897  

Shibuya Corp.

     2,100       35,690  
Security   Shares     Value  

Japan (continued)

    

SHIFT Inc.(a)(c)

     3,300     $ 594,902  

Shiga Bank Ltd. (The)

     8,700       216,318  

Shikoku Chemicals Corp.

     5,100       63,062  

Shikoku Electric Power Co. Inc.

     39,200       277,175  

Shima Seiki Manufacturing Ltd.

     8,500       86,441  

Shimadzu Corp.

     65,500       1,811,204  

Shimamura Co. Ltd.

     6,300       691,163  

Shimano Inc.

     21,300       3,058,154  

Shimizu Corp.

     143,900       963,284  

Shin Nippon Biomedical Laboratories Ltd.(c)

     5,600       64,907  

Shin-Etsu Chemical Co. Ltd.

     500,000       19,681,090  

Shin-Etsu Polymer Co. Ltd.

     12,900       141,902  

Shinko Electric Industries Co. Ltd.

     19,100       706,168  

Shinmaywa Industries Ltd.

     13,600       112,894  

Shionogi & Co. Ltd.

     71,500       3,431,744  

Ship Healthcare Holdings Inc.

     21,800       330,855  

Shiseido Co. Ltd.

     112,200       3,127,764  

Shizuoka Financial Group Inc., NVS

     131,700       1,203,738  

Shizuoka Gas Co. Ltd.

     4,800       32,792  

SHO-BOND Holdings Co. Ltd.

     11,400       507,762  

Shochiku Co. Ltd.

     2,200       150,998  

Shoei Co. Ltd.

     10,600       141,662  

Shoei Foods Corp.

     1,700       51,623  

Showa Sangyo Co. Ltd.

     6,200       142,090  

Siix Corp.

     4,900       51,814  

Simplex Holdings Inc.

     10,000       182,265  

SKY Perfect JSAT Holdings Inc.

     40,600       213,651  

Skylark Holdings Co. Ltd.

     62,200       1,014,740  

SMC Corp.

     16,100       8,961,976  

SMS Co. Ltd.

     21,100       381,068  

Snow Peak Inc.(c)

     6,100       36,820  

Socionext Inc.(c)

     49,400       1,132,153  

SoftBank Corp.

     790,400       10,501,130  

SoftBank Group Corp.

     284,100       12,264,768  

Sohgo Security Services Co. Ltd.

     104,800       572,102  

Sojitz Corp.

     61,820       1,459,039  

Solasto Corp.

     12,300       48,058  

Sompo Holdings Inc.

     82,100       4,257,003  

Sony Group Corp.

     347,000        34,029,703  

Sosei Group Corp.(a)

     22,400       217,434  

SOSiLA Logistics REIT Inc.

     208       168,918  

Sotetsu Holdings Inc.

     21,500       394,055  

SPARX Group Co. Ltd.

     4,200       51,723  

Square Enix Holdings Co. Ltd.

     24,200       945,645  

SRE Holdings Corp.(a)(c)

     2,100       47,393  

Stanley Electric Co. Ltd.

     33,100       632,227  

Star Asia Investment Corp.

     569       223,106  

Star Micronics Co. Ltd.

     11,500       137,243  

Starts Corp. Inc.

     7,200       147,699  

Starts Proceed Investment Corp.

     73       100,776  

Strike Co. Ltd.

     3,500       112,924  

Subaru Corp.

     170,800       3,407,342  

Sugi Holdings Co. Ltd.

     9,800       468,240  

SUMCO Corp.

     98,500       1,493,301  

Sumitomo Bakelite Co. Ltd.

     9,900       492,005  

Sumitomo Chemical Co. Ltd.

     391,700       922,289  

Sumitomo Corp.

     286,000       6,577,381  

Sumitomo Densetsu Co. Ltd.

     2,900       59,943  

Sumitomo Electric Industries Ltd.

     196,800       2,615,787  

Sumitomo Forestry Co. Ltd.

     42,200       1,240,479  

Sumitomo Heavy Industries Ltd.

     30,900       801,685  

Sumitomo Metal Mining Co. Ltd.

     67,800       1,873,902  

 

 

78  

2 0 2 4  I 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 Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

Sumitomo Mitsui Construction Co. Ltd.

     36,300     $ 101,814  

Sumitomo Mitsui Financial Group Inc.

     348,700        18,137,055  

Sumitomo Mitsui Trust Holdings Inc.

     181,900       3,727,723  

Sumitomo Osaka Cement Co. Ltd.

     7,500       188,942  

Sumitomo Pharma Co. Ltd.

     55,100       161,744  

Sumitomo Realty & Development Co. Ltd.

     78,400       2,465,612  

Sumitomo Riko Co. Ltd.

     12,000       103,128  

Sumitomo Rubber Industries Ltd.

     49,700       575,748  

Sumitomo Warehouse Co. Ltd. (The)

     11,300       203,222  

Sun Frontier Fudousan Co. Ltd.

     6,000       71,756  

Sundrug Co. Ltd.

     21,200       639,397  

Suntory Beverage & Food Ltd.

     37,700       1,229,954  

SUNWELS Co. Ltd.(c)

     3,000       46,837  

Suruga Bank Ltd.

     50,200       292,552  

Suzuken Co. Ltd.

     17,700       549,425  

Suzuki Motor Corp.

     102,000       4,581,703  

Sysmex Corp.

     45,600       2,470,256  

Systena Corp.

     74,100       149,777  

T Hasegawa Co. Ltd.

     8,700       195,233  

T&D Holdings Inc.

     139,400       2,308,289  

Tadano Ltd.

     29,000       236,074  

Taihei Dengyo Kaisha Ltd.

     3,600       108,733  

Taiheiyo Cement Corp.

     32,200       662,750  

Taikisha Ltd.

     6,700       199,773  

Taisei Corp.

     45,600       1,662,512  

Taisho Pharmaceutical Holdings Co. Ltd.

     4,700       273,509  

Taiyo Holdings Co. Ltd.

     9,700       213,728  

Taiyo Yuden Co. Ltd.

     32,000       772,984  

Takamatsu Construction Group Co. Ltd.

     2,900       58,237  

Takara Bio Inc.

     10,500       89,258  

Takara Holdings Inc.

     35,000       296,115  

Takara Leben Real Estate Investment Corp.

     198       140,835  

Takara Standard Co. Ltd.

     10,100       120,675  

Takasago International Corp.

     2,300       54,928  

Takasago Thermal Engineering Co. Ltd.

     11,000       254,168  

Takashimaya Co. Ltd.

     38,200       532,173  

Takeda Pharmaceutical Co. Ltd.

     437,000       12,843,639  

Takeuchi Manufacturing Co. Ltd.

     9,500       324,784  

Takuma Co. Ltd.

     20,400       240,032  

Tama Home Co. Ltd.

     2,400       66,249  

Tamron Co. Ltd.

     5,900       223,563  

TBS Holdings Inc.

     9,500       220,300  

TDK Corp.

     106,400       5,293,912  

TechMatrix Corp.

     6,700       71,571  

TechnoPro Holdings Inc.

     30,500       703,172  

Teijin Ltd.

     51,300       471,928  

Tenma Corp.

     2,200       33,872  

Terumo Corp.

     184,800       6,255,840  

T-Gaia Corp.

     3,100       41,951  

THK Co. Ltd.

     30,700       590,257  

TIS Inc.

     62,000       1,378,994  

TKC Corp.

     7,400       191,681  

TKP Corp.(a)

     3,500       39,699  

Toa Corp./Tokyo

     2,500       66,084  

Toagosei Co. Ltd.

     22,900       219,192  

Tobu Railway Co. Ltd.

     51,800       1,371,833  

Tocalo Co. Ltd.

     19,900       211,679  

Toda Corp.

     61,800       389,650  

Toei Animation Co. Ltd.

     2,500       334,491  

Toei Co. Ltd.

     1,600       224,549  

Toenec Corp.

     1,800       59,050  

Toho Bank Ltd. (The)

     56,100       118,973  
Security   Shares     Value  

Japan (continued)

    

Toho Co. Ltd./Tokyo

     31,100     $ 1,013,074  

Toho Gas Co. Ltd.

     21,600       433,942  

Toho Holdings Co. Ltd.(c)

     13,100       283,726  

Toho Titanium Co. Ltd.(c)

     6,900       91,780  

Tohoku Electric Power Co. Inc.

     128,700       859,175  

Tokai Carbon Co. Ltd.

     58,200       409,313  

Tokai Corp./Gifu

     3,000       42,845  

TOKAI Holdings Corp.

     29,700       200,271  

Tokai Rika Co. Ltd.

     13,400       212,002  

Tokai Tokyo Financial Holdings Inc.

     54,000       208,307  

Token Corp.

     1,000       64,127  

Tokio Marine Holdings Inc.

     495,500        13,065,057  

Tokushu Tokai Paper Co. Ltd.

     1,600       42,702  

Tokuyama Corp.

     18,800       301,346  

Tokyo Century Corp.

     41,100       456,678  

Tokyo Electric Power Co. Holdings Inc.(a)

     421,600       2,244,663  

Tokyo Electron Device Ltd.

     4,500       178,295  

Tokyo Electron Ltd.

     129,800       24,087,300  

Tokyo Gas Co. Ltd.

     103,400       2,375,291  

Tokyo Kiraboshi Financial Group Inc.

     6,300       184,283  

Tokyo Ohka Kogyo Co. Ltd.

     27,400       625,830  

Tokyo Seimitsu Co. Ltd.

     10,600       686,601  

Tokyo Steel Manufacturing Co. Ltd.

     19,600       236,731  

Tokyo Tatemono Co. Ltd.

     50,600       779,843  

Tokyotokeiba Co. Ltd.

     4,200       131,540  

Tokyu Construction Co. Ltd.

     30,500       169,776  

Tokyu Corp.

     138,700       1,627,545  

Tokyu Fudosan Holdings Corp.

     170,400       1,139,562  

Tokyu REIT Inc.

     266       310,181  

TOMONY Holdings Inc.

     34,900       96,101  

Tomy Co. Ltd.

     22,600       370,789  

Topcon Corp.

     29,500       338,915  

TOPPAN Holdings Inc.

     67,400       1,857,843  

Topre Corp.

     10,400       151,375  

Toray Industries Inc.

     378,300       1,890,149  

Toridoll Holdings Corp.

     12,900       394,936  

Torii Pharmaceutical Co. Ltd.

     4,900       124,868  

Tosei Corp.

     6,100       88,087  

Toshiba TEC Corp.

     9,300       192,934  

Tosoh Corp.

     72,298       932,257  

Totetsu Kogyo Co. Ltd.

     7,800       160,158  

TOTO Ltd.

     36,400       985,176  

Towa Corp.

     5,500       283,745  

Towa Pharmaceutical Co. Ltd.

     5,900       103,246  

Toyo Construction Co. Ltd.

     12,200       107,493  

Toyo Gosei Co. Ltd.(c)

     800       46,810  

Toyo Seikan Group Holdings Ltd.

     35,700       567,076  

Toyo Suisan Kaisha Ltd.

     24,800       1,291,372  

Toyo Tanso Co. Ltd.

     4,200       141,731  

Toyo Tire Corp.

     31,200       516,619  

Toyobo Co. Ltd.

     26,200       196,642  

Toyoda Gosei Co. Ltd.

     19,600       378,445  

Toyota Boshoku Corp.

     24,700       406,990  

Toyota Industries Corp.

     39,700       3,357,790  

Toyota Motor Corp.

     2,916,100       58,228,145  

Toyota Tsusho Corp.

     59,100       3,872,907  

Trancom Co. Ltd.

     2,200       104,259  

Transcosmos Inc.

     6,700       139,904  

TRE Holdings Corp.

     9,700       82,289  

Trend Micro Inc./Japan(a)

     36,600       2,093,863  

Tri Chemical Laboratories Inc.

     5,900       145,498  

Trusco Nakayama Corp.

     12,800       218,680  

 

 

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

   79

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Japan (continued)

    

TS Tech Co. Ltd.

     26,900     $ 340,741  

Tsubakimoto Chain Co.

     7,000       202,443  

Tsuburaya Fields Holdings Inc.(c)

     8,400       103,493  

Tsugami Corp.

     9,700       78,334  

Tsumura & Co.

     14,600       264,146  

Tsuruha Holdings Inc.

     10,300       815,087  

Tsurumi Manufacturing Co. Ltd.

     4,100       101,093  

TV Asahi Holdings Corp.

     3,300       39,334  

UACJ Corp.

     10,200       281,737  

UBE Corp.

     23,700       394,025  

Ulvac Inc.

     13,000       636,265  

Unicharm Corp.

     110,800        3,812,447  

Union Tool Co.

     1,600       36,849  

United Arrows Ltd.

     7,200       94,421  

United Super Markets Holdings Inc.

     12,200       83,890  

United Urban Investment Corp.

     762       771,545  

Universal Entertainment Corp.

     5,300       76,653  

Usen-Next Holdings Co. Ltd.

     5,500       159,637  

Ushio Inc.

     25,100       351,632  

USS Co. Ltd.

     55,300       1,045,801  

UT Group Co. Ltd.(a)

     6,300       100,938  

Valor Holdings Co. Ltd.

     11,000       187,932  

ValueCommerce Co. Ltd.

     1,900       16,205  

Vector Inc.

     5,400       43,364  

Vision Inc./Tokyo Japan(a)(c)

     10,500       83,348  

Visional Inc.(a)

     5,600       350,486  

VT Holdings Co. Ltd.

     28,500       102,727  

Wacoal Holdings Corp.

     10,700       249,623  

Wacom Co. Ltd.

     34,800       160,370  

Wakita & Co. Ltd.

     12,100       131,116  

WealthNavi Inc.(a)(c)

     12,700       146,162  

Weathernews Inc.

     1,200       43,526  

Welcia Holdings Co. Ltd.

     25,900       436,903  

West Holdings Corp.

     5,000       115,006  

West Japan Railway Co.

     60,300       2,511,466  

WingArc1st Inc.

     5,100       97,021  

Workman Co. Ltd.

     5,100       145,794  

W-Scope Corp.(a)(c)

     10,100       52,177  

Yakult Honsha Co. Ltd.

     70,400       1,537,648  

YAMABIKO Corp.

     4,900       54,908  

Yamada Holdings Co. Ltd.

     161,900       494,536  

Yamaguchi Financial Group Inc.

     51,200       486,659  

Yamaha Corp.

     35,900       789,461  

Yamaha Motor Co. Ltd.

     249,700       2,360,101  

YA-MAN Ltd.(c)

     4,500       30,915  

Yamato Holdings Co. Ltd.

     72,700       1,256,723  

Yamato Kogyo Co. Ltd.

     11,100       614,427  

Yamazaki Baking Co. Ltd.

     30,700       727,969  

Yamazen Corp.

     18,100       154,787  

Yaoko Co. Ltd.

     5,200       300,029  

Yaskawa Electric Corp.

     65,800       2,479,758  

Yellow Hat Ltd.

     10,200       126,632  

Yodogawa Steel Works Ltd.

     6,100       160,654  

Yokogawa Bridge Holdings Corp.

     7,500       145,149  

Yokogawa Electric Corp.

     65,100       1,279,260  

Yokohama Rubber Co. Ltd. (The)

     33,900       802,334  

Yokorei Co. Ltd.

     17,300       131,606  

Yonex Co. Ltd.

     20,000       162,520  

Yoshinoya Holdings Co. Ltd.

     19,400       432,626  

Yuasa Trading Co. Ltd.

     5,300       176,591  

Yurtec Corp.

     9,900       78,196  

Zenkoku Hosho Co. Ltd.

     14,600       543,316  
Security   Shares     Value  

Japan (continued)

    

Zenrin Co. Ltd.

     6,100     $ 36,686  

Zensho Holdings Co. Ltd.

     25,500       1,248,702  

Zeon Corp.

     35,500       322,071  

ZERIA Pharmaceutical Co. Ltd.

     8,100       112,180  

ZIGExN Co. Ltd.

     18,300       65,438  

Zojirushi Corp.

     14,000       135,494  

ZOZO Inc.

     38,200       836,446  

Zuken Inc.

     4,800       131,196  
   

 

 

  
       1,266,288,320  
New Zealand — 0.7%            

Air New Zealand Ltd.

     476,999       185,144  

Auckland International Airport Ltd.

     369,061       1,902,839  

Contact Energy Ltd.

     216,286       1,066,893  

EBOS Group Ltd.

     44,557       1,020,369  

Fisher & Paykel Healthcare Corp. Ltd.

     159,655       2,305,903  

Fletcher Building Ltd.

     207,820       574,175  

Goodman Property Trust

     303,006       414,876  

Infratil Ltd.

     232,398       1,499,196  

Kiwi Property Group Ltd.

     442,020       235,061  

Mercury NZ Ltd.

     178,366       735,927  

Meridian Energy Ltd.

     358,827       1,215,630  

Oceania Healthcare Ltd.

     138,431       59,231  

Ryman Healthcare Ltd.(a)

     163,340       567,429  

Spark New Zealand Ltd.

     504,791       1,639,962  

Warehouse Group Ltd. (The)(c)

     39,928       38,805  
   

 

 

  
      13,461,440  
Singapore — 3.9%            

AEM Holdings Ltd.(c)

     67,800       134,914  

AIMS APAC REIT(c)

     154,065       150,170  

Best World International Ltd.(a)(c)

     36,400       45,780  

CapitaLand Ascendas REIT

     1,007,315       2,183,080  

CapitaLand Ascott Trust

     630,166       449,266  

CapitaLand China Trust

     361,135       224,317  

Capitaland India Trust

     364,380       285,202  

CapitaLand Integrated Commercial Trust

     1,443,896       2,152,512  

CapitaLand Investment Ltd./Singapore

     702,100       1,541,311  

CDL Hospitality Trusts

     277,055       212,216  

City Developments Ltd.

     138,600       629,076  

ComfortDelGro Corp. Ltd.

     585,300       608,761  

Cromwell European Real Estate Investment Trust

     102,600       154,931  

DBS Group Holdings Ltd.

     497,300       11,778,691  

Digital Core REIT Management Pte Ltd.

     235,900       151,634  

ESR-LOGOS REIT

     1,826,356       422,043  

Far East Hospitality Trust

     284,000       137,607  

First Resources Ltd.

     169,200       186,219  

Frasers Centrepoint Trust

     263,867       451,324  

Frasers Hospitality Trust

     315,300       109,291  

Frasers Logistics & Commercial Trust

     797,383       663,774  

Genting Singapore Ltd.

     1,650,700       1,239,682  

Golden Agri-Resources Ltd.

     1,865,700       375,504  

Grab Holdings Ltd., Class A(a)

     522,909       1,605,331  

Hutchison Port Holdings Trust, Class U

     1,225,500       183,527  

iFAST Corp. Ltd.(c)

     40,100       219,892  

Jardine Cycle & Carriage Ltd.

     27,300       526,782  

Keppel DC REIT

     368,600       462,821  

Keppel Infrastructure Trust(c)

     1,061,049       398,747  

Keppel Ltd.

     398,500       2,117,534  

Keppel REIT

     630,220       433,412  

Lendlease Global Commercial REIT

     589,211       275,886  

Mapletree Industrial Trust

     573,320       1,044,219  

Mapletree Logistics Trust

     973,087       1,118,929  

 

 

80  

2 0 2 4  I 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 Pacific ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

 

  

Singapore (continued)

    

Mapletree Pan Asia Commercial Trust

     662,895     $ 717,858  

Maxeon Solar Technologies Ltd.(a)(c)

     7,925       35,900  

Nanofilm Technologies International Ltd.

     108,200       55,197  

NetLink NBN Trust

     781,100       492,009  

Olam Group Ltd.

     301,700       200,492  

Oversea-Chinese Banking Corp. Ltd.

     929,675       8,892,685  

Paragon REIT

     355,446       231,841  

Parkway Life REIT

     100,800       264,149  

Raffles Medical Group Ltd.

     244,000       183,357  

Riverstone Holdings Ltd./Singapore

     126,600       65,855  

Sasseur Real Estate Investment Trust

     169,400       84,605  

SATS Ltd.(a)

     292,178       596,551  

Sea Ltd., ADR(a)

     100,566       3,835,587  

Seatrium Ltd.(a)(c)

     12,379,306       918,708  

Sembcorp Industries Ltd.

     248,500       1,045,809  

Sheng Siong Group Ltd.

     219,900       255,357  

SIA Engineering Co. Ltd.

     102,700       175,703  

Singapore Airlines Ltd.(c)

     413,600       2,052,814  

Singapore Exchange Ltd.

     216,300       1,510,344  

Singapore Post Ltd.

     321,400       98,229  

Singapore Technologies Engineering Ltd.

     415,600       1,151,602  

Singapore Telecommunications Ltd.

     2,267,600       4,046,629  

Starhill Global REIT

     438,500       168,340  

StarHub Ltd.

     187,000       147,760  

Straits Trading Co. Ltd.

     49,588       61,269  

Suntec REIT(c)

     559,400       494,525  

Super Hi International Holding Ltd.(a)

     40,000       43,028  

UMS Holdings Ltd.

     159,900       151,581  

United Overseas Bank Ltd.

     350,100       7,379,597  

UOL Group Ltd.

     131,800       612,023  

Venture Corp. Ltd.

     74,700       744,204  

Wilmar International Ltd.

     513,000       1,256,177  

Yangzijiang Financial Holding Ltd.

     975,500       228,193  

Yangzijiang Shipbuilding Holdings Ltd.

     681,300       850,548  

Yanlord Land Group Ltd.(a)

     170,800       66,004  
   

 

 

  
      71,788,915  
   

 

 

  

Total Common Stocks — 99.7%
(Cost: $1,739,415,178)

        1,841,545,171  
   

 

 

  
Security   Shares     Value  

 

  

Warrants

    

Australia — 0.0%

    

PointsBet Holdings Ltd. (Issued/Exercisable 06/20/22, 1 Share for 1 Warrant, Expires 07/08/24, Strike Price AUD 10.00)

     2,549     $ —  
   

 

 

  

Total Warrants — 0.0%
(Cost: $—)

       —  
   

 

 

  

Total Long-Term Investments — 99.7%
(Cost: $1,739,415,178)

 

     1,841,545,171  
   

 

 

  

Short-Term Securities

    

Money Market Funds — 0.6%

    

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(e)(f)(g)

     11,892,577       11,899,713  

BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(e)(f)

     320,000       320,000  
   

 

 

  

Total Short-Term Securities — 0.6%
(Cost: $12,216,575)

 

     12,219,713  
   

 

 

  

Total Investments — 100.3%
(Cost: $1,751,631,753)

 

     1,853,764,884  

Liabilities in Excess of Other Assets — (0.3)%

 

     (6,260,207 ) 
   

 

 

  

Net Assets — 100.0%

     $  1,847,504,677  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(c) 

All or a portion of this security is on loan.

(d) 

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.

(e) 

Affiliate of the Fund.

(f) 

Annualized 7-day yield as of period end.

(g) 

All or a portion of this security was purchased with the cash collateral from loaned securities.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the six months ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer  

Value at

07/31/23

    

Purchases

at Cost

    

Proceeds

from Sale

    

Net Realized

Gain (Loss)

    

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

01/31/24

    

Shares

Held at

01/31/24

     Income    

Capital

Gain

Distributions

from

Underlying

Funds

  

 

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ 7,866,262     $  4,029,536 (a)    $ —     $ 1,663     $ 2,252     $ 11,899,713       11,892,577     $ 111,461 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     130,000       190,000 (a)      —       —       —       320,000       320,000       28,520       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ 1,663     $ 2,252     $  12,219,713       $  139,981     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (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.

 

 

 

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

   81

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Pacific ETF

 

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

         

TOPIX Index

      23       03/07/24     $ 3,948     $ 265,187  

SPI 200 Index

      12       03/21/24       1,487       7,954  
        

 

 

  
         $ 273,141  
        

 

 

  

Derivative Financial Instruments Categorized by Risk Exposure

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

     

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Assets — Derivative Financial Instruments

                    

Futures contracts

                    

Unrealized appreciation on futures contracts(a)

   $ —      $ —      $ 273,141      $ —      $ —      $ —      $ 273,141  
 

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss).

 

For the period ended January 31, 2024, the effect of derivative financial instruments in the Statements of Operations was as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

    

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Net Realized Gain (Loss) from

                   

Futures contracts

   $ —      $ —      $ 396,774     $ —      $ —      $ —      $ 396,774  
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Net Change in Unrealized Appreciation (Depreciation) on

                   

Futures contracts

   $ —      $ —      $ (1,142 )    $ —      $ —      $ —      $ (1,142 ) 
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Average Quarterly Balances of Outstanding Derivative Financial Instruments

 

 

  

Futures contracts:

  

Average notional value of contracts — long

   $ 8,664,034    

 

  

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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

    $ 17,334,253      $ 1,823,991,366      $ 219,552      $ 1,841,545,171  

Warrants

      —        —        —        —  

Short-Term Securities

            

Money Market Funds

      12,219,713        —        —        12,219,713  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $  29,553,966      $ 1,823,991,366      $   219,552      $ 1,853,764,884  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

 

82  

2 0 2 4  I 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 Pacific ETF

 

Fair Value Hierarchy as of Period End (continued)

 

 

  
     Level 1      Level 2      Level 3      Total  

 

  

Derivative Financial Instruments(a)

            

Assets

            

Equity Contracts

    $     —      $   273,141      $     —      $   273,141  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

See notes to financial statements.

 

 

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

   83

Schedule of Investments (unaudited) 

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Australia — 5.0%            

Abacus Group

     854,979     $ 608,397  

Abacus Storage King(a)

     854,952       636,612  

Adbri Ltd.(b)

     765,803       1,523,265  

AGL Energy Ltd.

     685,277       3,870,406  

ALS Ltd.

     614,524       5,048,949  

Altium Ltd.

     146,625       4,710,447  

Alumina Ltd.(b)

     3,101,965       2,333,650  

AMP Ltd.

     2,939,020       1,782,427  

Ampol Ltd.

     298,442       7,058,892  

Ansell Ltd.

     149,598       2,352,851  

ANZ Group Holdings Ltd.

     3,444,000       60,767,245  

APA Group

     1,347,856       7,455,117  

ARB Corp. Ltd.

     121,494       2,655,901  

Aristocrat Leisure Ltd.

     696,723       20,086,950  

ASX Ltd.

     226,203       9,670,711  

Atlas Arteria Ltd.

     1,819,350       6,413,936  

AUB Group Ltd.

     91,755       1,825,934  

Aurizon Holdings Ltd.

     1,926,895       4,749,856  

Austal Ltd.

     550,334       730,092  

Bank of Queensland Ltd.

     639,629       2,511,158  

Bapcor Ltd.

     493,867       1,807,804  

Beach Energy Ltd.

     2,236,058       2,399,595  

Bega Cheese Ltd.

     613,026       1,493,997  

Bellevue Gold Ltd.(b)

     1,180,462       1,021,122  

Bendigo & Adelaide Bank Ltd.

     597,145       3,815,122  

BHP Group Ltd.

     5,892,622       180,278,925  

BlueScope Steel Ltd.

     605,783       9,249,281  

Boss Energy Ltd. (b)

     550,924       1,993,468  

Brambles Ltd.

     1,637,133       15,609,680  

Breville Group Ltd.

     187,641       3,316,151  

Brickworks Ltd.

     124,024       2,367,380  

BWP Trust

     629,997       1,410,710  

CAR Group Ltd.

     453,426       9,735,650  

Centuria Capital Group

     1,160,432       1,294,480  

Chalice Mining Ltd.(a)(b)

     1,026,726       738,192  

Challenger Ltd.

     659,742       2,798,744  

Champion Iron Ltd.

     489,551       2,685,692  

Charter Hall Group

     628,848       4,904,822  

Charter Hall Long Wale REIT

     995,888       2,424,892  

Charter Hall Retail REIT

     944,606       2,282,222  

Cleanaway Waste Management Ltd.

     2,470,716       4,182,746  

Clinuvel Pharmaceuticals Ltd.

     64,248       657,261  

Cochlear Ltd.

     79,887       15,853,489  

Codan Ltd./Australia

     241,979       1,279,050  

Coles Group Ltd.

     1,525,870       15,834,522  

Collins Foods Ltd.

     164,945       1,293,152  

Commonwealth Bank of Australia

     1,947,030       148,469,587  

Computershare Ltd.

     663,885       10,996,091  

Core Lithium Ltd.(a)(b)

     5,117,914       642,784  

Coronado Global Resources Inc.(c)

     1,047,366       1,114,059  

Corporate Travel Management Ltd.

     190,212       2,516,147  

Costa Group Holdings Ltd.

     639,732       1,331,024  

Credit Corp. Group Ltd.

     109,215       1,214,162  

Cromwell Property Group

     2,317,956       625,263  

CSL Ltd.

     558,703        109,716,715  

CSR Ltd.

     789,493       3,555,062  

De Grey Mining Ltd.(b)

     2,624,513       2,088,544  

Deterra Royalties Ltd.

     816,564       2,940,809  

Dexus

     1,275,162       6,453,168  

Domain Holdings Australia Ltd.

     350,329       760,194  
Security   Shares     Value  
Australia (continued)            

Domino’s Pizza Enterprises Ltd.

     70,927     $ 1,824,344  

Downer EDI Ltd.

     727,466       1,981,217  

Eagers Automotive Ltd.

     245,096       2,260,029  

Elders Ltd.

     230,491       1,346,488  

Endeavour Group Ltd./Australia

     1,595,758       5,840,053  

Evolution Mining Ltd.

     2,161,017       4,526,778  

Flight Centre Travel Group Ltd.

     199,161       2,751,586  

Fortescue Ltd.

     1,992,606        38,510,593  

G8 Education Ltd.

     1,265,772       876,337  

Genesis Minerals Ltd.(b)

     976,693       1,035,370  

Gold Road Resources Ltd.

     1,841,727       1,819,714  

Goodman Group

     2,041,159       33,881,545  

GPT Group (The)

     2,253,249       6,810,162  

GrainCorp Ltd., Class A

     301,713       1,585,167  

Growthpoint Properties Australia Ltd.

     461,802       722,733  

GUD Holdings Ltd.

     266,148       2,112,574  

Harvey Norman Holdings Ltd.

     988,763       2,841,515  

Healius Ltd.(b)

     860,156       773,841  

HUB24 Ltd.

     121,013       2,924,398  

IDP Education Ltd.

     282,530       3,618,010  

IGO Ltd.

     816,442       3,968,898  

Iluka Resources Ltd.

     526,520       2,459,155  

Incitec Pivot Ltd.

     2,211,219       3,861,629  

Inghams Group Ltd.

     419,762       1,174,620  

Insignia Financial Ltd.

     948,614       1,317,188  

Insurance Australia Group Ltd.

     2,703,970       10,614,231  

IPH Ltd.

     305,408       1,359,077  

IRESS Ltd.

     268,428       1,425,190  

James Hardie Industries PLC(b)

     522,741       19,639,607  

JB Hi-Fi Ltd.

     136,384       5,073,820  

Johns Lyng Group Ltd.

     262,690       1,159,437  

Jumbo Interactive Ltd.

     105,883       1,085,775  

Lendlease Corp. Ltd.

     712,347       3,419,609  

Link Administration Holdings Ltd.

     942,299       1,335,110  

Liontown Resources Ltd.(a)(b)

     2,118,324       1,410,542  

Lottery Corp. Ltd. (The)

     2,571,173       8,439,576  

Lynas Rare Earths Ltd.(b)

     1,149,080       4,369,123  

Macquarie Group Ltd.

     423,426       52,246,287  

Magellan Financial Group Ltd.

     153,369       898,955  

McMillan Shakespeare Ltd.

     130,278       1,466,986  

Medibank Pvt Ltd.

     3,239,309       8,110,065  

Megaport Ltd.(b)

     264,652       2,161,203  

Metcash Ltd.

     1,242,786       2,948,091  

Mineral Resources Ltd.

     207,742       8,012,361  

Mirvac Group

     4,697,318       6,601,612  

Monadelphous Group Ltd.

     120,754       1,082,153  

Nanosonics Ltd.(a)(b)

     318,474       611,150  

National Australia Bank Ltd.

     3,628,331       76,522,942  

National Storage REIT

     2,078,940       3,117,813  

Netwealth Group Ltd.

     173,922       1,889,079  

Neuren Pharmaceuticals Ltd., NVS(b)

     141,810       2,172,629  

New Hope Corp. Ltd.

     637,080       2,228,276  

NEXTDC Ltd.(b)

     661,128       5,985,296  

nib holdings Ltd.

     604,039       3,194,676  

Nickel Industries Ltd.

     3,031,329       1,553,555  

Nine Entertainment Co. Holdings Ltd.

     1,959,144       2,513,575  

Northern Star Resources Ltd.

     1,500,313       12,869,393  

NRW Holdings Ltd.

     674,824       1,192,479  

Nufarm Ltd./Australia

     470,952       1,697,600  

oOh!media Ltd.

     732,126       764,187  

Orica Ltd.

     506,536       5,342,382  

Origin Energy Ltd.

     1,998,544       11,154,275  

 

 

84  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Australia (continued)            

Orora Ltd.

     1,608,809     $ 2,924,142  

Paladin Energy Ltd.(b)

     3,982,404       3,336,579  

Perpetual Ltd.

     137,594       2,315,357  

Perseus Mining Ltd.

     2,219,261       2,613,176  

PEXA Group Ltd.(b)

     188,521       1,408,813  

Pilbara Minerals Ltd.(a)

     3,395,122       7,732,952  

Platinum Asset Management Ltd.

     529,776       405,792  

PolyNovo Ltd.(a)(b)

     1,237,163       1,520,327  

Premier Investments Ltd.

     146,875       2,674,177  

Pro Medicus Ltd.

     79,120       5,212,347  

Qantas Airways Ltd.(b)

     966,960       3,486,240  

QBE Insurance Group Ltd.

     1,745,975       17,977,574  

Qube Holdings Ltd.

     1,691,440       3,596,093  

Ramelius Resources Ltd.

     2,041,851       2,120,812  

Ramsay Health Care Ltd.

     210,318       7,011,697  

REA Group Ltd.

     68,622       8,184,317  

Reece Ltd.

     347,063       5,112,353  

Region RE Ltd.

     1,309,231       1,927,593  

Regis Resources Ltd.(b)

     1,492,957       2,036,196  

Reliance Worldwide Corp. Ltd.

     1,091,150       2,983,309  

Rio Tinto Ltd.

     431,838       37,158,516  

Sandfire Resources Ltd.(a)(b)

     950,126       4,465,201  

Santos Ltd.

     4,005,598       20,244,051  

Sayona Mining Ltd.(a)(b)

     10,924,584       280,706  

Scentre Group

     6,039,144       12,006,105  

SEEK Ltd.

     430,644       7,099,286  

Seven Group Holdings Ltd.

     175,189       4,100,319  

Sigma Healthcare Ltd.(a)

     1,263,065       853,226  

Silver Lake Resources Ltd.(b)

     1,614,747       1,270,742  

Sims Ltd.

     251,428       2,355,033  

SmartGroup Corp. Ltd.

     165,551       1,043,513  

Sonic Healthcare Ltd.

     529,914       11,048,813  

South32 Ltd.

     5,420,761       11,737,120  

Star Entertainment Grp Ltd. (The)(b)

     2,671,098       969,275  

Steadfast Group Ltd.

     1,108,503       4,289,212  

Stockland

     2,884,239       8,517,475  

Suncorp Group Ltd.

     1,411,016       12,987,747  

Super Retail Group Ltd.

     250,806       2,588,364  

Tabcorp Holdings Ltd.

     2,571,131       1,335,736  

Technology One Ltd.

     364,441       3,723,560  

Telix Pharmaceuticals Ltd.(b)

     314,808       2,347,140  

Telstra Corp. Ltd.

     4,613,250       12,166,676  

Transurban Group

     3,592,403       31,560,087  

Treasury Wine Estates Ltd.

     960,748       6,736,882  

Ventia Services Group Pty Ltd.

     609,922       1,308,572  

Vicinity Ltd.

     4,243,230       5,632,490  

Viva Energy Group Ltd.(c)

     1,414,404       3,221,819  

Washington H Soul Pattinson & Co. Ltd.

     320,454       7,163,152  

Waypoint REIT Ltd.

     1,363,530       2,195,159  

Webjet Ltd.(b)

     516,128       2,504,103  

Weebit Nano Ltd.(a)(b)

     229,115       515,338  

Wesfarmers Ltd.

     1,319,875       49,966,428  

Westpac Banking Corp.

     4,042,232       63,412,996  

Whitehaven Coal Ltd.

     1,054,512       5,764,749  

WiseTech Global Ltd.

     200,234       9,427,237  

Woodside Energy Group Ltd.

     2,236,970       46,788,943  

Woolworths Group Ltd.

     1,382,203       32,460,973  

Worley Ltd.

     371,325       3,566,027  

Xero Ltd.(b)

     174,176       12,467,279  

Yancoal Australia Ltd., NVS

     383,678       1,496,755  
   

 

 

  
       1,669,793,266  
Security   Shares     Value  
Austria — 0.2%            

ams-OSRAM AG(b)

     1,305,549     $ 3,055,555  

ANDRITZ AG

     72,341       4,453,490  

AT&S Austria Technologie & Systemtechnik AG(a)

     38,581       932,059  

BAWAG Group AG(c)

     88,488       4,555,942  

CA Immobilien Anlagen AG

     73,094       2,399,534  

DO & CO AG(a)

     17,057       2,377,922  

Erste Group Bank AG

     385,918       16,624,730  

EVNAG

     46,906       1,296,388  

Immofinanz AG(b)

     132,028       3,133,676  

Lenzing AG(a)(b)

     32,146       1,075,209  

Oesterreichische Post AG

     56,386       1,908,301  

OMV AG

     161,626       7,194,200  

Raiffeisen Bank International AG

     143,988       3,002,042  

Semperit AG Holding

     22,522       352,923  

UNIQA Insurance Group AG

     236,176       1,981,617  

Verbund AG

     81,239       6,606,219  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     53,119       1,501,338  

voestalpine AG

     112,231       3,339,065  

Wienerberger AG

     119,856       4,061,676  
   

 

 

  
      69,851,886  
Belgium — 0.7%            

Ackermans & van Haaren NV

     18,039       3,016,213  

Aedifica SA

     51,099       3,329,830  

Ageas SA/NV

     172,186       7,399,176  

Anheuser-Busch InBev SA/NV

     1,002,968       62,041,184  

Argenx SE(b)

     69,169       26,120,429  

Barco NV

     148,417       2,465,562  

Bekaert SA

     75,616       3,688,019  

bpost SA

     247,565       1,011,850  

Cofinimmo SA

     18,109       1,316,113  

Colruyt Group NV

     66,003       3,015,545  

Deme Group NV

     16,147       2,026,433  

D’ieteren Group

     29,060       5,870,483  

Elia Group SA/NV

     36,739       4,423,571  

Euronav NV

     158,355       2,789,489  

Fagron

     91,842       1,653,743  

Galapagos NV(a)(b)

     54,631       2,049,357  

Groupe Bruxelles Lambert NV

     105,782       8,019,300  

KBC Ancora

     76,093       3,504,677  

KBC Group NV

     280,062       18,268,891  

Kinepolis Group NV

     27,611       1,222,353  

Lotus Bakeries NV

     464       3,956,400  

Melexis NV

     21,209       1,817,257  

Montea NV

     21,783       1,869,736  

Ontex Group NV(a)(b)

     90,478       714,927  

Proximus SADP

     210,992       2,002,172  

Sofina SA

     17,817       4,261,168  

Solvay SA

     77,759       2,126,591  

Syensqo SA(b)

     77,759       6,931,978  

Tessenderlo Group SA

     47,475       1,359,213  

UCB SA

     142,121       13,368,708  

Umicore SA

     236,917       5,389,023  

VGP NV

     18,563       2,177,234  

Warehouses De Pauw CVA

     195,639       5,723,839  

Xior Student Housing NV

     61,153       1,831,600  
   

 

 

  
       216,762,064  
Brazil — 1.1%            

3R Petroleum Oleo E Gas SA(b)

     323,779       1,789,332  

Allos SA, NVS

     839,752       4,161,132  

 

 

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

   85

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Brazil (continued)            

Ambev SA

     5,271,037     $ 13,915,946  

Arezzo Industria e Comercio SA

     131,924       1,666,624  

Atacadao SA

     748,577       1,572,882  

Auren Energia SA

     731,902       1,947,051  

B3 SA - Brasil, Bolsa, Balcao

     6,753,572       17,843,585  

Banco Bradesco SA

     1,568,074       4,329,738  

Banco BTG Pactual SA

     1,480,144       10,761,099  

Banco do Brasil SA

     1,008,193       11,487,263  

Banco Santander Brasil SA

     282,466       1,633,427  

BB Seguridade Participacoes SA

     798,415       5,519,480  

BRF SA(b)

     902,236       2,540,407  

CCR SA

     1,040,192       2,754,586  

Centrais Eletricas Brasileiras SA

     1,354,732        11,159,093  

Cia de Saneamento de Minas Gerais
Copasa MG

     250,749       1,081,565  

Cia. de Saneamento Basico do Estado de
Sao Paulo

     375,108       5,970,656  

Cia. de Saneamento do Parana

     302,322       1,713,467  

Cia. Siderurgica Nacional SA

     776,102       2,777,387  

Cielo SA

     1,616,814       1,621,905  

Cogna Educacao SA(b)

     2,355,897       1,388,507  

Cosan SA

     1,397,090       5,151,953  

CPFL Energia SA

     268,099       1,962,149  

Cyrela Brazil Realty SA Empreendimentos e Participacoes

     445,527       2,010,735  

Dexco SA

     601,022       938,945  

EcoRodovias Infraestrutura e Logistica SA

     327,365       599,306  

Embraer SA(b)

     838,544       3,855,569  

Energisa SA

     250,423       2,558,112  

Eneva SA(b)

     1,063,972       2,740,248  

Engie Brasil Energia SA

     257,719       2,110,899  

Equatorial Energia SA

     1,286,637       9,201,023  

Ez Tec Empreendimentos e Participacoes SA

     206,075       642,217  

Fleury SA

     426,263       1,399,826  

GPS Participacoes e Empreendimentos SA(c)

     636,493       2,456,351  

Grendene SA

     430,110       587,729  

Grupo De Moda Soma SA

     919,069       1,469,204  

Grupo SBF SA

     262,682       700,393  

Hapvida Participacoes e Investimentos SA(b)(c)

     6,163,750       4,827,093  

Hypera SA

     500,154       3,203,190  

Iguatemi SA

     349,394       1,684,064  

Iochpe Maxion SA

     200,959       503,777  

IRB-Brasil Resseguros SA(b)

     105,622       868,955  

JBS SA

     759,845       3,593,406  

JHSF Participacoes SA

     847,692       811,008  

Klabin SA

     855,356       3,675,628  

Localiza Rent a Car SA

     1,151,378       12,577,220  

LOG Commercial Properties e Participacoes SA

     132,489       548,472  

Lojas Renner SA

     1,168,350       3,784,922  

LWSA SA(c)

     729,727       804,196  

M. Dias Branco SA

     264,502       2,044,733  

Magazine Luiza SA(b)

     3,654,835       1,549,159  

Marfrig Global Foods SA

     961,945       1,827,043  

Minerva SA

     778,325       1,076,119  

Movida Participacoes SA

     405,437       758,599  

MRV Engenharia e Participacoes SA(b)

     492,494       783,314  

Multiplan Empreendimentos Imobiliarios SA

     444,412       2,499,055  

Natura & Co. Holding SA(b)

     1,112,372       3,592,353  

Odontoprev SA

     396,576       966,946  

Petroleo Brasileiro SA

     4,370,127       37,188,066  

PRIO SA

     934,809       8,288,826  

Raia Drogasil SA

     1,337,554       6,830,316  
Security   Shares     Value  
Brazil (continued)            

Rede D’Or Sao Luiz SA(c)

     665,790     $ 3,648,514  

Rumo SA

     1,509,802       7,027,296  

Santos Brasil Participacoes SA

     1,248,370       2,539,878  

Sao Martinho SA

     299,194       1,702,381  

Sendas Distribuidora SA

     1,372,730       3,784,816  

SLC Agricola SA

     455,092       1,754,452  

Smartfit Escola de Ginastica e Danca SA

     318,061       1,556,794  

Suzano SA

     872,934       9,095,118  

Telefonica Brasil SA

     463,014       4,799,854  

Tim SA

     944,436       3,305,450  

TOTVS SA

     582,741       3,707,411  

Transmissora Alianca de Energia Eletrica SA

     471,878       3,513,560  

Ultrapar Participacoes SA

     780,219       4,436,212  

Vale SA

     3,928,488       53,728,877  

Vamos Locacao de Caminhoes Maquinas e Equipamentos SA

     571,220       941,964  

Vibra Energia SA

     1,350,544       6,474,128  

WEG SA

     1,957,156       12,775,397  

YDUQS Participacoes SA

     375,913       1,462,862  
   

 

 

  
       376,561,215  
Canada — 7.5%            

Advantage Energy Ltd.(b)

     238,015       1,561,451  

Aecon Group Inc.

     114,504       1,177,021  

Ag Growth International Inc.

     33,722       1,416,145  

Agnico Eagle Mines Ltd.

     581,750       28,593,135  

Air Canada(b)

     182,706       2,476,034  

Alamos Gold Inc., Class A

     462,822       5,604,330  

Algonquin Power & Utilities Corp.

     774,852       4,593,380  

Alimentation Couche-Tard Inc.

     907,675       53,186,535  

Allied Properties REIT

     171,711       2,493,063  

AltaGas Ltd.

     326,513       6,787,934  

Altus Group Ltd.

     57,920       1,952,422  

ARC Resources Ltd.

     745,588       11,579,365  

Aritzia Inc.(b)

     149,009       3,625,337  

Atco Ltd., Class I, NVS

     79,335       2,218,748  

Athabasca Oil Corp.(b)

     731,303       2,360,709  

ATS Corp.(b)

     84,286       3,605,406  

B2Gold Corp.

     1,169,608       3,262,323  

Badger Infrastructure Solutions Ltd.

     68,856       2,392,765  

Ballard Power Systems Inc.(a)(b)

     319,945       1,047,088  

Bank of Montreal

     839,251       79,052,956  

Bank of Nova Scotia (The)

     1,389,089       64,957,436  

Barrick Gold Corp.

     1,942,548       30,342,153  

Bausch Health Companies Inc.(b)

     309,624       2,427,340  

Baytex Energy Corp.

     789,006       2,505,899  

BCE Inc.

     47,886       1,932,251  

Birchcliff Energy Ltd.(a)

     315,321       1,196,130  

BlackBerry Ltd.(b)

     641,113       1,797,758  

Boardwalk REIT

     48,050       2,494,619  

Bombardier Inc., Class B(b)

     101,609       3,755,403  

Boralex Inc., Class A

     94,900       2,289,120  

Boyd Group Services Inc.

     23,864       5,129,398  

Brookfield Asset Management Ltd.

     409,364       16,460,425  

Brookfield Corp., Class A

     1,629,454       64,671,550  

Brookfield Infrastructure Corp., Class A

     125,183       4,388,318  

Brookfield Reinsurance Ltd.

     35,119       1,407,686  

Brookfield Renewable Corp., Class A

     149,530       4,177,431  

BRP Inc.

     49,745       3,139,102  

CAE Inc.(b)

     356,535       7,138,921  

Cameco Corp.

     516,117       24,641,712  

Canada Goose Holdings Inc.(a)(b)

     77,445       928,568  

Canadian Apartment Properties REIT

     91,445       3,174,338  

 

 

86  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Canada (continued)            

Canadian Imperial Bank of Commerce

     1,054,577     $ 47,659,711  

Canadian National Railway Co.

     640,912       79,505,600  

Canadian Natural Resources Ltd.

     1,269,384       81,236,044  

Canadian Pacific Kansas City Ltd.

     1,079,950       86,905,270  

Canadian Tire Corp. Ltd., Class A, NVS

     65,972       7,012,086  

Canadian Utilities Ltd., Class A, NVS

     98,005       2,233,533  

Canadian Western Bank

     122,886       2,706,426  

Canfor Corp.(b)

     127,411       1,542,825  

Capital Power Corp.

     118,188       3,249,082  

Capstone Mining Corp.(b)

     645,203       3,176,945  

Cardinal Energy Ltd.

     207,268       982,035  

Cascades Inc.

     81,816       895,172  

CCL Industries Inc., Class B, NVS

     192,688       8,246,694  

Celestica Inc.(b)

     136,245       4,682,868  

Cenovus Energy Inc.

     1,664,696       26,967,964  

Centerra Gold Inc.

     339,218       1,788,877  

CGI Inc.(b)

     244,955        27,431,608  

Choice Properties REIT

     253,957       2,652,056  

CI Financial Corp.

     240,049       2,928,189  

Cineplex Inc.(b)

     156,224       958,643  

Cogeco Communications Inc.

     32,311       1,491,240  

Colliers International Group Inc.

     41,850       4,912,616  

Constellation Software Inc./Canada

     23,619       65,279,406  

Converge Technology Solutions Corp.

     323,310       1,091,768  

Crescent Point Energy Corp.

     611,449       3,988,551  

Cronos Group Inc.(b)

     375,915       760,526  

Definity Financial Corp.

     44,857       1,305,222  

Denison Mines Corp.(a)(b)

     1,217,247       2,444,544  

Descartes Systems Group Inc. (The)(b)

     108,373       9,489,136  

Dollarama Inc.

     343,857       25,235,874  

Dundee Precious Metals Inc.

     233,590       1,495,935  

Dye & Durham Ltd.(a)

     97,495       947,793  

ECN Capital Corp.(a)

     482,119       986,148  

Eldorado Gold Corp.(b)

     265,879       3,249,204  

Element Fleet Management Corp.

     486,690       8,210,145  

Emera Inc.

     280,350       9,906,972  

Empire Co. Ltd., Class A, NVS

     207,940       5,388,545  

Enbridge Inc.

     2,474,968       87,883,501  

Enerflex Ltd.

     146,894       757,169  

Energy Fuels Inc./Canada(a)(b)

     234,265       1,777,309  

Enerplus Corp.

     279,153       4,053,008  

Enghouse Systems Ltd.

     64,023       1,780,996  

EQB Inc.

     36,973       2,538,843  

Equinox Gold Corp.(b)

     398,067       1,758,725  

ERO Copper Corp.(a)(b)

     116,132       1,818,274  

Extendicare Inc.

     272,442       1,434,705  

Fairfax Financial Holdings Ltd.

     24,827       25,879,948  

Filo Corp., NVS(b)

     128,265       1,971,987  

Finning International Inc.

     197,522       5,716,524  

First Capital Real Estate Investment Trust

     217,046       2,552,343  

First Majestic Silver Corp.

     374,930       1,737,375  

First Quantum Minerals Ltd.

     683,097       6,198,656  

FirstService Corp.

     52,007       8,704,388  

Fortis Inc./Canada

     532,028       21,345,227  

Fortuna Silver Mines Inc.(b)

     384,353       1,172,113  

Franco-Nevada Corp.

     218,763       23,668,612  

Freehold Royalties Ltd.

     245,129       2,539,810  

George Weston Ltd.

     72,217       9,201,363  

GFL Environmental Inc.

     271,423       9,222,063  

Gibson Energy Inc.

     171,950       2,744,652  

Gildan Activewear Inc.

     224,647       7,418,890  

goeasy Ltd.

     24,048       2,738,837  
Security   Shares     Value  
Canada (continued)            

Granite REIT

     53,287     $ 2,870,748  

Great-West Lifeco Inc.

     320,002       10,682,204  

H&R Real Estate Investment Trust

     271,767       1,991,078  

Headwater Exploration Inc.

     344,899       1,618,738  

Hudbay Minerals Inc.

     356,777       1,982,316  

Hydro One Ltd.(c)

     380,914       11,304,599  

iA Financial Corp. Inc.

     129,660       8,814,700  

IAMGOLD Corp.(b)

     646,299       1,538,292  

IGM Financial Inc.

     38,148       1,031,978  

Imperial Oil Ltd.

     244,617       14,109,895  

Innergex Renewable Energy Inc.

     179,924       1,228,534  

Intact Financial Corp.

     206,121        32,233,955  

Interfor Corp.(b)

     108,952       1,685,598  

InterRent REIT

     213,213       2,136,174  

Ivanhoe Mines Ltd., Class A(a)(b)

     808,172       8,481,763  

Jamieson Wellness Inc.(c)

     76,864       1,766,022  

Keyera Corp.

     256,023       6,192,769  

Killam Apartment REIT

     190,071       2,647,945  

Kinaxis Inc.(b)

     35,230       4,290,123  

Kinross Gold Corp.

     1,396,441       7,696,551  

Labrador Iron Ore Royalty Corp.

     84,640       2,078,148  

Laurentian Bank of Canada

     51,219       1,010,703  

Lightspeed Commerce Inc.(b)

     162,828       3,004,770  

Linamar Corp.

     60,615       2,875,093  

Lithium Americas Argentina Corp.(a)(b)

     129,068       572,164  

Lithium Americas Corp.(a)(b)

     129,068       562,563  

Loblaw Companies Ltd.

     187,430       18,729,756  

Lundin Gold Inc.

     153,530       1,811,139  

Lundin Mining Corp.

     770,262       6,290,659  

MAG Silver Corp.(b)

     149,741       1,347,663  

Magna International Inc.

     319,339       18,149,201  

Manulife Financial Corp.

     2,117,723       46,813,736  

Maple Leaf Foods Inc.

     112,373       2,143,065  

Martinrea International Inc.

     190,829       1,960,168  

Mattr Corp., NVS

     106,881       1,293,431  

MEG Energy Corp.(b)

     320,115       6,052,529  

Methanex Corp.

     78,265       3,470,683  

Metro Inc./CN

     290,924       15,274,889  

MTY Food Group Inc.

     36,128       1,547,556  

Mullen Group Ltd.

     107,538       1,197,400  

National Bank of Canada

     396,629       30,336,093  

New Gold Inc.(b)

     637,201       767,798  

NexGen Energy Ltd.(b)

     553,717       4,242,095  

NFI Group Inc.(a)(b)

     91,040       807,168  

North West Co. Inc. (The)

     88,874       2,570,798  

Northland Power Inc.

     271,139       4,989,385  

Novagold Resources Inc.(b)

     356,051       908,368  

Nutrien Ltd.

     581,544       28,998,259  

Nuvei Corp.(c)

     80,012       1,944,284  

NuVista Energy Ltd.(b)

     219,162       1,698,589  

OceanaGold Corp.

     776,825       1,554,286  

Onex Corp.

     81,353       6,006,852  

Open Text Corp.

     330,223       14,400,665  

Orla Mining Ltd.(a)(b)

     361,265       1,203,814  

Osisko Gold Royalties Ltd.

     249,380       3,633,719  

Osisko Mining Inc.(b)

     367,620       661,713  

Pan American Silver Corp.

     441,404       5,975,345  

Paramount Resources Ltd., Class A

     141,292       2,784,959  

Parex Resources Inc.

     136,907       2,266,763  

Parkland Corp.

     177,875       6,070,070  

Pason Systems Inc.

     170,943       1,874,149  

Pembina Pipeline Corp.

     646,511       22,269,273  

 

 

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

   87

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Canada (continued)            

Peyto Exploration & Development Corp.

     289,183     $ 2,789,768  

Poseidon Concepts Corp.(b)

     293       —  

Power Corp. of Canada

     667,734       19,464,090  

PrairieSky Royalty Ltd.

     288,312       4,756,413  

Precision Drilling Corp.(b)

     13,927       862,688  

Premium Brands Holdings Corp., Class A

     41,263       2,823,298  

Primo Water Corp.

     177,240       2,586,521  

Prinmaris REIT

     140,381       1,450,327  

Quebecor Inc., Class B

     142,143       3,456,175  

RB Global Inc.

     222,487       14,241,683  

Restaurant Brands International Inc.

     336,691       26,282,659  

Richelieu Hardware Ltd.

     83,619       2,700,537  

RioCan REIT

     192,356       2,616,826  

Rogers Communications Inc., Class B, NVS

     422,634       19,741,467  

Royal Bank of Canada

     1,611,719        157,293,800  

Russel Metals Inc.

     96,635       3,169,056  

Sandstorm Gold Ltd.

     339,020       1,538,192  

Saputo Inc.

     277,764       5,726,965  

Seabridge Gold Inc.(b)

     141,287       1,484,909  

Secure Energy Services Inc.

     337,625       2,589,099  

Shopify Inc., Class A(b)

     1,403,628       112,367,497  

Silvercorp Metals Inc.

     265,598       630,189  

SilverCrest Metals Inc.(b)

     248,634       1,374,057  

Sleep Country Canada Holdings Inc.(c)

     67,946       1,313,486  

SmartCentres Real Estate Investment Trust

     121,009       2,219,556  

SNC-Lavalin Group Inc.

     198,831       6,594,425  

Spartan Delta Corp.

     178,614       413,172  

Spin Master Corp.(c)

     49,168       1,264,628  

SSR Mining Inc.

     269,289       2,537,760  

Stantec Inc.

     140,929       11,324,006  

Stelco Holdings Inc.

     49,874       1,601,072  

Stella-Jones Inc.

     62,834       3,717,369  

StorageVault Canada Inc., NVS

     331,283       1,323,210  

Sun Life Financial Inc.

     669,563       34,707,014  

Suncor Energy Inc.

     1,537,776       50,921,780  

SunOpta Inc.(b)

     104,868       626,345  

Superior Plus Corp.

     217,777       1,493,476  

Tamarack Valley Energy Ltd.

     782,213       1,797,790  

TC Energy Corp.

     1,208,969       47,695,129  

Teck Resources Ltd., Class B

     530,650       21,238,630  

TELUS Corp.

     516,779       9,255,858  

TELUS Corp., NVS

     47,398       848,930  

TFI International Inc.

     96,308       12,656,968  

Thomson Reuters Corp.

     185,578       27,552,698  

TMX Group Ltd.

     351,733       8,698,815  

Topaz Energy Corp.

     166,018       2,400,528  

Torex Gold Resources Inc.(b)

     124,957       1,283,541  

Toromont Industries Ltd.

     107,412       9,408,187  

Toronto-Dominion Bank (The)

     2,121,519       128,873,857  

Tourmaline Oil Corp.

     391,199       16,914,276  

TransAlta Corp.

     367,599       2,663,107  

Transcontinental Inc., Class A

     172,203       1,732,981  

Tricon Residential Inc.

     407,702       4,488,073  

Trisura Group Ltd.(b)

     63,584       1,773,986  

Vermilion Energy Inc.

     206,800       2,222,664  

Wesdome Gold Mines Ltd.(b)

     246,806       1,455,741  

West Fraser Timber Co. Ltd.

     72,225       5,743,296  

Westshore Terminals Investment Corp.

     55,292       1,167,982  

Wheaton Precious Metals Corp.

     540,077       25,311,653  

Whitecap Resources Inc.

     755,211       4,887,006  

Winpak Ltd.

     49,290       1,546,396  
Security   Shares     Value  
Canada (continued)            

WSP Global Inc.

     149,979     $ 22,033,064  
   

 

 

  
       2,523,610,690  
Chile — 0.1%            

Aguas Andinas SA, Class A

     4,014,695       1,217,621  

Banco de Chile

     45,765,777       5,122,494  

Banco de Credito e Inversiones SA

     95,302       2,523,484  

Banco Itau Chile SA, NVS

     78,224       733,605  

Banco Santander Chile

     66,030,077       3,053,660  

CAP SA

     122,273       882,068  

Cencosud SA

     1,485,046       2,584,376  

Cia. Cervecerias Unidas SA

     231,875       1,404,247  

Cia. Sud Americana de Vapores SA

     22,425,832       1,615,972  

Colbun SA

     11,523,025       1,635,382  

Empresa Nacional de Telecomunicaciones SA

     256,492       837,778  

Empresas CMPC SA

     1,039,005       1,692,937  

Empresas Copec SA

     417,583       2,654,738  

Enel Americas SA

     31,533,098       3,195,702  

Enel Chile SA

     37,830,476       2,273,979  

Engie Energia Chile SA(b)

     966,077       913,804  

Falabella SA(b)

     812,025       1,927,354  

Inversiones Aguas Metropolitanas SA

     995,867       781,838  

Latam Airlines Group SA(b)

     214,632,021       2,652,314  

Parque Arauco SA

     947,042       1,513,556  

Vina Concha y Toro SA

     938,113       1,005,581  
   

 

 

  
      40,222,490  
China — 6.1%            

37 Interactive Entertainment Network Technology Group Co. Ltd., Class A

     381,900       882,596  

3SBio Inc.(c)

     2,202,500       1,659,693  

AAC Technologies Holdings Inc.

     778,500       1,748,150  

Advanced Micro-Fabrication Equipment Inc., Class A

     62,000       981,271  

AECC Aviation Power Co. Ltd., Class A

     252,600       1,103,850  

Agile Group Holdings Ltd.(a)(b)

     1,466,250       127,925  

Agricultural Bank of China Ltd., Class A

     7,184,500       3,887,877  

Agricultural Bank of China Ltd., Class H

     33,226,000       12,864,804  

Aier Eye Hospital Group Co. Ltd., Class A

     939,975       1,677,639  

Air China Ltd., Class A(b)

     637,500       631,028  

Air China Ltd., Class H(a)(b)

     2,300,000       1,284,939  

AK Medical Holdings Ltd.(a)(c)

     1,234,000       722,916  

Akeso Inc.(a)(b)(c)

     620,000       3,148,179  

Alibaba Group Holding Ltd.

     18,956,372       170,019,202  

Alibaba Health Information
Technology Ltd.(a)(b)

     6,836,000       2,511,926  

Alibaba Pictures Group Ltd.(b)

     19,990,000       1,000,598  

A-Living Smart City Services Co. Ltd., Class A(c)

    844,500       325,246  

Alphamab Oncology(a)(b)(c)

     671,000       339,874  

Aluminum Corp. of China Ltd., Class H

     5,012,000       2,442,654  

Anhui Conch Cement Co. Ltd., Class A

     528,487       1,699,282  

Anhui Conch Cement Co. Ltd., Class H

     1,192,000       2,387,494  

Anhui Gujing Distillery Co. Ltd., Class A

     49,400       1,369,157  

ANTA Sports Products Ltd.

     1,565,400       13,212,687  

Anxin-China Holdings Ltd.(d)

     1,004,000       1  

Ascentage Pharma Group International(b)(c)

     321,000       944,704  

Asia Cement China Holdings Corp.

     668,000       180,870  

Autohome Inc., ADR

     86,575       2,181,690  

AviChina Industry & Technology Co. Ltd., Class H

     3,293,000       1,214,581  

Baidu Inc.(b)

     2,585,806       33,478,968  

Bank of Beijing Co. Ltd., Class A

     4,442,793       3,150,559  

Bank of China Ltd., Class A

     4,290,400       2,579,420  

Bank of China Ltd., Class H

     93,061,000       34,923,012  

 

 

88  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
China (continued)            

Bank of Communications Co. Ltd., Class A

     1,849,163     $ 1,545,423  

Bank of Communications Co. Ltd., Class H

     10,915,000       6,457,367  

Bank of Jiangsu Co. Ltd., Class A

     1,635,700       1,665,902  

Bank of Nanjing Co. Ltd., Class A

     1,126,900       1,301,618  

Bank of Ningbo Co. Ltd., Class A

     820,871       2,460,656  

Bank of Shanghai Co. Ltd., Class A

     3,401,151       3,027,948  

Baoshan Iron & Steel Co. Ltd., Class A

     2,730,276       2,338,466  

BeiGene Ltd.(a)(b)

     788,279       8,933,730  

Beijing Capital International Airport Co. Ltd., Class H(b)

     2,456,000       710,876  

Beijing Enterprises Holdings Ltd.

     620,000       2,243,981  

Beijing Enterprises Water Group Ltd.

     7,510,000       1,827,151  

Beijing Kingsoft Office Software Inc., Class A

     41,600       1,235,034  

Beijing Tongrentang Co. Ltd., Class A

     338,313       2,056,816  

Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A

     94,780       711,756  

Beijing-Shanghai High Speed Railway Co. Ltd., Class A

     3,630,200       2,508,680  

Bilibili Inc.(a)(b)

     224,224       2,024,604  

BOC Aviation Ltd.(c)

     229,000       1,716,896  

BOE Technology Group Co. Ltd., Class A

     5,347,000       2,677,648  

BOE Varitronix Ltd.(a)

     555,000       359,795  

Bosideng International Holdings Ltd.

     4,418,000       1,997,187  

Brilliance China Automotive Holdings Ltd.

     2,938,000       1,566,392  

BYD Co. Ltd., Class A

     187,400       4,462,580  

BYD Co. Ltd., Class H

     1,192,500       26,700,263  

BYD Electronic International Co. Ltd.

     830,000       2,843,259  

C&D International Investment Group Ltd.

     709,000       1,170,778  

Canggang Railway Ltd., NVS

     16,000       4,155  

CGN New Energy Holdings Co. Ltd.(a)

     2,778,000       647,915  

CGN Power Co. Ltd., Class H(c)

     14,401,000       4,035,518  

Changchun High & New Technology Industry Group Inc., Class A

     51,400       816,964  

China Aoyuan Group Ltd.(a)(b)

     1,687,000       37,956  

China Baoan Group Co. Ltd., Class A

     1,005,500       1,511,347  

China BlueChemical Ltd., Class H

     4,830,000       1,329,888  

China Cinda Asset Management Co. Ltd., Class H

     10,826,000       1,038,717  

China CITIC Bank Corp. Ltd., Class H

     9,123,000       4,521,374  

China Coal Energy Co. Ltd., Class H

     2,502,000       2,747,644  

China Communications Services Corp. Ltd., Class H

     2,322,000       956,125  

China Conch Environment Protection Holdings Ltd.(a)(b)

     2,942,500       440,482  

China Conch Venture Holdings Ltd.

     1,683,000       1,306,673  

China Construction Bank Corp., Class H

     110,975,000        65,903,971  

China CSSC Holdings Ltd., Class A

     648,600       2,759,356  

China Datang Corp. Renewable Power Co. Ltd., Class H

     2,644,000       572,626  

China East Education Holdings Ltd.(c)

     954,000       275,822  

China Eastern Airlines Corp. Ltd., Class A(b)

     4,463,693       2,324,674  

China Education Group Holdings Ltd.(a)

     1,390,000       688,987  

China Energy Engineering Corp. Ltd.

     6,462,300       1,897,799  

China Everbright Bank Co. Ltd., Class A

     5,069,800       2,223,589  

China Everbright Bank Co. Ltd., Class H

     3,268,000       970,223  

China Everbright Environment Group Ltd.

     3,950,629       1,377,902  

China Everbright Ltd.

     1,114,000       571,423  

China Feihe Ltd.(c)

     3,786,000       1,734,495  

China Galaxy Securities Co. Ltd., Class H

     4,098,000       2,007,880  

China Gas Holdings Ltd.

     3,545,600       3,232,604  

China Hongqiao Group Ltd.(a)

     2,780,500       2,038,424  

China International Capital Corp. Ltd., Class A

     296,800       1,335,059  
Security   Shares     Value  
China (continued)            

China International Capital Corp. Ltd., Class H(c)

    1,666,000     $ 1,980,280  

China Jinmao Holdings Group Ltd.

     5,472,000       436,605  

China Lesso Group Holdings Ltd.

     1,515,000       671,175  

China Life Insurance Co. Ltd., Class A

     306,300       1,227,584  

China Life Insurance Co. Ltd., Class H

     8,856,000       10,209,564  

China Literature Ltd.(a)(b)(c)

     436,200       1,268,711  

China Longyuan Power Group Corp. Ltd., Class H

     3,659,000       2,207,149  

China Medical System Holdings Ltd.

     1,332,000       1,903,471  

China Meidong Auto Holdings Ltd.

     852,000       299,673  

China Mengniu Dairy Co. Ltd.

     3,470,000       7,688,549  

China Merchants Bank Co. Ltd., Class A

     1,714,031       7,334,586  

China Merchants Bank Co. Ltd., Class H

     4,437,177       16,175,218  

China Merchants Port Holdings Co. Ltd.

     1,282,000       1,585,034  

China Merchants Securities Co. Ltd., Class A

     1,303,772       2,427,179  

China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A

     1,317,982       1,611,154  

China Metal Recycling Holdings Ltd.(d)

     3,000       —  

China Minsheng Banking Corp. Ltd., Class A

     2,463,599       1,354,054  

China Minsheng Banking Corp. Ltd., Class H

     8,667,500       2,882,757  

China National Building Material Co. Ltd., Class H

     4,004,000       1,412,387  

China National Nuclear Power Co. Ltd., Class A

     2,976,500       3,433,312  

China Nonferrous Mining Corp Ltd.

     2,663,000       1,878,120  

China Northern Rare Earth Group High-Tech Co. Ltd., Class A

     666,900       1,565,947  

China Oilfield Services Ltd., Class H

     2,112,000       2,029,853  

China Oriental Group Co. Ltd.(a)

     1,786,000       271,740  

China Overseas Grand Oceans Group Ltd.

     2,132,000       502,662  

China Overseas Land & Investment Ltd.

     4,199,500       6,352,960  

China Overseas Property Holdings Ltd.

     2,010,000       1,332,209  

China Pacific Insurance Group Co. Ltd., Class A

     372,788       1,293,776  

China Pacific Insurance Group Co. Ltd., Class H

     3,208,600       5,903,735  

China Petroleum & Chemical Corp., Class A

     3,082,148       2,558,678  

China Petroleum & Chemical Corp., Class H

     28,166,200       14,652,145  

China Power International Development Ltd.

     6,552,000       2,451,298  

China Railway Group Ltd., Class A

     1,327,086       1,166,619  

China Railway Group Ltd., Class H

     5,552,000       2,539,137  

China Renewable Energy Investment Ltd.(d)

     4,386       —  

China Resources Beer Holdings Co. Ltd.

     1,798,000       6,502,180  

China Resources Building Materials Technology Holdings Ltd.(a)

     2,872,000       460,034  

China Resources Gas Group Ltd.

     1,065,000       3,020,320  

China Resources Land Ltd.

     3,676,666       11,162,559  

China Resources Medical Holdings Co. Ltd.

     2,359,500       1,214,459  

China Resources Mixc Lifestyle Services Ltd.(c)

     726,800       2,098,861  

China Resources Pharmaceutical Group Ltd.(c)

     1,673,500       1,020,371  

China Resources Power Holdings Co. Ltd.

     2,170,000       4,390,127  

China Ruyi Holdings Ltd.(a)(b)

     7,503,600       1,258,829  

China Shenhua Energy Co. Ltd., Class A

     771,900       3,996,987  

China Shenhua Energy Co. Ltd., Class H

     3,843,500        14,581,025  

China Shineway Pharmaceutical Group Ltd.

     1,084,000       1,095,741  

China Southern Airlines Co. Ltd., Class A(b)

     762,000       611,270  

China Southern Airlines Co. Ltd., Class H(b)

     3,482,000       1,288,216  

China State Construction Engineering Corp. Ltd., Class A

     2,028,680       1,453,677  

China State Construction International Holdings Ltd.

     2,108,000       2,226,683  

China Taiping Insurance Holdings Co. Ltd.

     1,622,568       1,346,933  

China Three Gorges Renewables Group Co. Ltd., Class A

     3,683,600       2,270,256  

China Tourism Group Duty Free Corp. Ltd.(a)(c)

     56,500       495,494  

 

 

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

   89

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
China (continued)            

China Tourism Group Duty Free Corp. Ltd., Class A

     168,192     $ 1,869,991  

China Tower Corp. Ltd., Class H(c)

     49,624,000       5,520,239  

China Traditional Chinese Medicine Holdings Co. Ltd.

     4,054,000       1,550,023  

China Travel International Investment Hong Kong Ltd.(a)

     4,846,000       806,184  

China United Network Communications Ltd., Class A

     2,390,800       1,502,666  

China Vanke Co. Ltd., Class A

     1,045,092       1,398,759  

China Vanke Co. Ltd., Class H

     2,559,000       2,013,412  

China Water Affairs Group Ltd.

     1,792,000       916,556  

China Yangtze Power Co. Ltd., Class A

     1,916,438       6,508,757  

Chinasoft International Ltd.(a)

     2,988,000        1,702,727  

Chongqing Changan Automobile Co. Ltd., Class A

     817,200       1,455,488  

Chongqing Zhifei Biological Products Co. Ltd., Class A

     246,900       1,542,705  

Chow Tai Fook Jewellery Group Ltd.

     2,420,600       3,279,156  

CIMC Enric Holdings Ltd.

     952,000       784,106  

CITIC Ltd.

     6,076,000       5,864,518  

CITIC Securities Co. Ltd., Class A

     556,025       1,588,389  

CITIC Securities Co. Ltd., Class H

     2,658,925       5,189,484  

CMOC Group Ltd., Class A

     1,202,200       898,676  

CMOC Group Ltd., Class H

     4,962,000       2,717,954  

COFCO Joycome Foods Ltd.(b)

     3,950,000       767,429  

Contemporary Amperex Technology Co. Ltd., Class A

     321,398       6,782,796  

COSCO SHIPPING Energy Transportation Co. Ltd., Class H

     1,944,000       1,807,569  

COSCO Shipping Holdings Co. Ltd., Class A

     1,292,299       1,788,494  

COSCO Shipping Holdings Co. Ltd., Class H

     3,694,800       3,881,857  

COSCO SHIPPING Ports Ltd.

     2,922,000       1,789,368  

Country Garden Holdings Co. Ltd.(a)(b)

     13,868,866       1,124,845  

Country Garden Services Holdings Co. Ltd.(a)

     2,447,000       1,616,469  

CRRC Corp. Ltd., Class A

     3,902,100       3,086,557  

CRRC Corp. Ltd., Class H

     4,924,000       2,288,642  

CSC Financial Co. Ltd., Class A

     623,500       1,940,621  

CSPC Pharmaceutical Group Ltd.

     10,899,440       8,018,603  

Dada Nexus Ltd., ADR(b)

     95,326       180,166  

Daqin Railway Co. Ltd., Class A

     1,512,200       1,571,199  

Daqo New Energy Corp., ADR(a)(b)

     69,142       1,248,013  

Digital China Holdings Ltd.

     1,665,000       435,233  

Dongfeng Motor Group Co. Ltd., Class H

     2,674,000       1,032,621  

Dongyue Group Ltd.

     1,786,000       1,200,408  

East Buy Holding Ltd.(a)(b)(c)

     609,000       1,789,278  

East Money Information Co. Ltd., Class A

     1,419,616       2,467,034  

ENN Energy Holdings Ltd.

     880,200       6,552,076  

Eve Energy Co. Ltd., Class A

     215,943       1,046,494  

Far East Horizon Ltd.

     2,176,000       1,592,070  

FIH Mobile Ltd. (a)(b)

     9,467,000       593,682  

Flat Glass Group Co. Ltd., Class H(a)

     743,000       1,117,488  

Focus Media Information Technology Co. Ltd., Class A

     2,269,400       1,785,151  

Foshan Haitian Flavouring & Food Co. Ltd., Class A

     366,002       1,731,587  

Fosun International Ltd.

     2,934,500       1,539,954  

Founder Securities Co. Ltd., Class A

     1,073,500       1,032,063  

Foxconn Industrial Internet Co. Ltd., Class A

     1,032,900       1,909,068  

Fu Shou Yuan International Group Ltd.

     2,319,000       1,390,812  

Fufeng Group Ltd.(a)

     1,925,000       1,044,159  

Fuyao Glass Industry Group Co. Ltd.,
Class H(c)

    728,000       3,291,224  
Security   Shares     Value  
China (continued)            

Ganfeng Lithium Group Co. Ltd., Class A

     233,980     $ 1,108,441  

Ganfeng Lithium Group Co. Ltd., Class H(a)(c)

     381,240       1,018,409  

GCL-Poly Energy Holdings Ltd.

     23,489,000       2,702,712  

GDS Holdings Ltd.(a)(b)

     1,026,488       687,503  

Geely Automobile Holdings Ltd.

     6,909,000       6,548,753  

Genertec Universal Medical Group Co. Ltd.(c)

     2,554,500       1,306,850  

Genscript Biotech Corp.(a)(b)

     1,326,000       2,201,045  

GF Securities Co. Ltd., Class A

     508,000       968,851  

GF Securities Co. Ltd., Class H

     1,465,600       1,474,989  

GigaDevice Semiconductor Inc., Class A

     102,780       893,379  

GoerTek Inc., Class A

     416,900       882,042  

Goldwind Science & Technology Co Ltd., Class A

     1,109,000       1,076,523  

Great Wall Motor Co. Ltd., Class H(a)

     3,626,000       3,570,183  

Gree Electric Appliances Inc. of Zhuhai, Class A

     266,300       1,307,887  

Greentown China Holdings Ltd.

     1,272,500       958,640  

Greentown Service Group Co. Ltd.

     1,724,000       532,662  

Guangdong Haid Group Co. Ltd., Class A

     243,000       1,277,613  

Guangdong Investment Ltd.

     2,860,000       1,662,710  

Guangzhou Automobile Group Co. Ltd., Class H

     3,195,600       1,263,106  

Guangzhou R&F Properties Co. Ltd.,
Class H(a)(b)

     1,764,400       231,602  

Guangzhou Tinci Materials Technology Co. Ltd., Class A

     321,000       834,282  

Guotai Junan Securities Co. Ltd., Class A

     1,523,694       3,100,274  

Gushengtang Holdings Ltd.(a)

     215,100       1,040,604  

H World Group Ltd., ADR

     250,923       7,971,824  

Haichang Ocean Park Holdings Ltd.(a)(b)(c)

     3,766,000       404,817  

Haidilao International Holding Ltd.(c)

     1,731,000        2,727,218  

Haier Smart Home Co. Ltd., Class A

     705,400       2,194,471  

Haier Smart Home Co. Ltd., Class H(a)

     2,653,800       7,498,740  

Haitian International Holdings Ltd.

     690,000       1,535,874  

Haitong Securities Co. Ltd., Class A

     1,422,951       1,742,820  

Haitong Securities Co. Ltd., Class H

     2,976,000       1,371,763  

Hangzhou First Applied Material Co. Ltd., Class A

     203,560       643,972  

Hangzhou Tigermed Consulting Co. Ltd., Class A

     83,900       473,753  

Hansoh Pharmaceutical Group Co. Ltd.(c)

     1,186,000       1,781,308  

Harbin Electric Co. Ltd., Class H

     1,504,000       443,662  

Hello Group Inc., ADR

     206,035       1,209,425  

Henan Shuanghui Investment & Development Co. Ltd., Class A

     563,341       2,232,540  

Hengan International Group Co. Ltd.

     567,500       1,757,258  

Hengli Petrochemical Co. Ltd., Class A(b)

     843,300       1,376,971  

Hithink RoyalFlush Information Network Co. Ltd., Class A

     60,700       971,701  

Hope Education Group Co. Ltd.(a)(b)(c)

     9,460,000       363,045  

Hopson Development Holdings Ltd.(a)(b)

     1,306,552       604,032  

Hua Hong Semiconductor Ltd.(b)(c)

     1,035,000       1,875,051  

Huabao International Holdings Ltd.(a)

     1,022,000       285,012  

Huadong Medicine Co. Ltd., Class A

     222,700       897,147  

Hualan Biological Engineering Inc., Class A

     427,000       1,045,677  

Huaneng Power International Inc., Class H(b)

     5,746,000       3,240,258  

Huatai Securities Co. Ltd., Class A

     887,200       1,698,473  

Huatai Securities Co. Ltd., Class H(c)

     1,677,000       1,978,393  

Huaxia Bank Co. Ltd., Class A

     1,497,731       1,262,136  

Hundsun Technologies Inc., Class A

     320,648       937,208  

HUTCHMED China Ltd.(a)(b)

     724,845       1,828,642  

HUYA Inc., ADR(b)

     156,723       481,140  

Hygeia Healthcare Holdings Co. Ltd.(a)(c)

     515,600       1,680,280  

Hygon Information Technology Co. Ltd., NVS

     186,416       1,710,509  

 

 

90  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
China (continued)            

IEIT Systems Co. Ltd., Class A

     184,200     $ 719,173  

Iflytek Co. Ltd., Class A

     292,800       1,555,706  

Imeik Technology Development Co. Ltd., Class A

     34,800       1,312,925  

Industrial & Commercial Bank of China Ltd., Class A

     5,688,241       4,091,395  

Industrial & Commercial Bank of China Ltd., Class H

     75,607,000       36,830,419  

Industrial Bank Co. Ltd., Class A

     1,601,198       3,507,304  

INESA Intelligent Tech Inc., Class B

     246,730       122,772  

Inner Mongolia BaoTou Steel Union Co. Ltd., Class A(b)

     11,828,900       2,335,464  

Inner Mongolia Yili Industrial Group Co. Ltd., Class A

     660,800       2,492,227  

Inner Mongolia Yitai Coal Co. Ltd., Class B

     2,398,784       4,537,571  

Innovent Biologics Inc.(b)(c)

     1,425,000       5,741,198  

iQIYI Inc., ADR(a)(b)

     491,416       1,646,244  

JA Solar Technology Co. Ltd., Class A

     358,876       853,307  

JD Health International Inc.(a)(b)(c)

     1,304,800       4,305,560  

JD Logistics Inc.(b)(c)

     2,211,400       1,930,941  

JD.com Inc.

     2,706,240        30,515,924  

Jiangsu Eastern Shenghong Co. Ltd., Class A

     887,107       1,220,866  

Jiangsu Expressway Co. Ltd., Class H

     1,474,000       1,406,512  

Jiangsu Hengli Hydraulic Co. Ltd., Class A

     191,996       1,304,114  

Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A

     539,359       2,816,703  

Jiangsu King’s Luck Brewery JSC Ltd., Class A

     157,100       967,946  

Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A

     145,500       1,851,671  

Jiangxi Copper Co. Ltd., Class H

     1,142,000       1,597,121  

JinkoSolar Holding Co. Ltd., ADR

     53,664       1,407,607  

Jinxin Fertility Group Ltd.(b)(c)

     2,334,500       648,120  

Jiumaojiu International Holdings Ltd.(a)(c)

     1,043,000       614,339  

JOYY Inc., ADR

     65,572       2,010,438  

Kanzhun Ltd., ADR

     232,807       3,238,345  

KE Holdings Inc., ADR

     762,750       10,808,168  

Keymed Biosciences Inc.(b)(c)

     262,000       1,039,986  

Kingboard Holdings Ltd.

     660,000       1,174,738  

Kingboard Laminates Holdings Ltd.

     1,899,500       1,141,635  

Kingdee International Software Group Co. Ltd.(b)

    3,046,000       2,944,457  

Kingsoft Cloud Holdings Ltd., ADR(a)(b)

     121,283       315,336  

Kingsoft Corp. Ltd.

     1,084,600       2,638,565  

Kuaishou Technology(b)(c)

     2,672,400       13,469,795  

Kunlun Energy Co. Ltd.

     3,888,000       3,483,247  

Kweichow Moutai Co. Ltd., Class A

     88,630       19,810,451  

Lee & Man Paper Manufacturing Ltd.(a)

     1,583,000       425,912  

Legend Biotech Corp., ADR(b)

     86,391       4,756,688  

Lenovo Group Ltd.

     7,938,000       8,311,648  

Lepu Medical Technology Beijing Co. Ltd., Class A

     596,800       1,088,592  

LexinFintech Holdings Ltd., ADR

     223,708       404,911  

Li Auto Inc.(b)

     1,358,218       18,774,538  

Li Ning Co. Ltd.(a)

     2,767,500       5,912,271  

Lifetech Scientific Corp. (a)(b)

     6,158,000       1,346,393  

Lingyi iTech Guangdong Co., Class A

     2,003,000       1,321,677  

LK Technology Holdings Ltd.

     810,000       317,236  

Longfor Group Holdings Ltd.(a)(c)

     2,100,000       2,328,493  

LONGi Green Energy Technology Co. Ltd., Class A

     629,860       1,695,662  

Lonking Holdings Ltd.

     3,625,000       586,697  

Lufax Holding Ltd., Class A, ADR(a)

     220,007       521,417  

Luxshare Precision Industry Co. Ltd., Class A

     689,531       2,441,780  

Luye Pharma Group Ltd. (a)(b)(c)

     2,785,500       935,505  
Security   Shares     Value  
China (continued)            

Luzhou Laojiao Co. Ltd., Class A

     116,900     $ 2,392,158  

Mango Excellent Media Co. Ltd., Class A

     241,897       719,559  

Maoyan Entertainment(b)(c)

     1,605,600       1,752,544  

Meitu Inc.(a)(c)

     3,362,000       995,860  

Meituan, Class B(b)(c)

    5,892,290       47,393,002  

MH Development Ltd.(d)

     264,000       1,133  

Microport Scientific Corp.(b)

     906,700       669,609  

Ming Yuan Cloud Group Holdings Ltd.(a)(b)

     1,126,000       299,311  

MINISO Group Holding Ltd.

     596,592       2,523,293  

Minth Group Ltd.

     760,000       1,231,909  

MMG Ltd.(b)

     4,678,000       1,189,428  

Montage Technology Co. Ltd., Class A

     153,800       962,111  

Muyuan Foods Co. Ltd., Class A

     490,410       2,407,079  

NARI Technology Co. Ltd., Class A

     879,233       2,568,146  

NAURA Technology Group Co. Ltd., Class A

     59,300       1,873,203  

NetDragon Websoft Holdings Ltd.(a)

     629,000       861,546  

NetEase Inc.

     2,284,025       44,397,127  

New China Life Insurance Co. Ltd., Class A

     299,501       1,273,778  

New China Life Insurance Co. Ltd., Class H

     660,400       1,178,573  

New Hope Liuhe Co. Ltd., Class A(b)

     1,033,600       1,176,986  

New Horizon Health Ltd.(a)(b)(c)

     605,000       1,315,478  

New Oriental Education & Technology Group Inc.(b)

     1,748,750        13,497,282  

Nexteer Automotive Group Ltd.(a)

     1,630,000       738,587  

Nine Dragons Paper Holdings Ltd.(b)

     1,749,000       647,981  

Ningbo Tuopu Group Co. Ltd., Class A

     120,800       819,563  

Ningxia Baofeng Energy Group Co. Ltd., Class A

     1,021,100       1,895,277  

NIO Inc., ADR(a)(b)

     1,692,088       9,509,535  

Noah Holdings Ltd., ADR

     58,644       691,999  

Nongfu Spring Co. Ltd., Class H(c)

     2,334,000       12,666,970  

Orient Overseas International Ltd.

     167,500       2,500,473  

PDD Holdings Inc., ADR(b)

     695,665       88,259,019  

People’s Insurance Co. Group of China Ltd. (The), Class H

     14,909,000       4,634,877  

PetroChina Co. Ltd., Class A

     1,589,400       1,849,087  

PetroChina Co. Ltd., Class H

     23,508,000       17,004,881  

PICC Property & Casualty Co. Ltd., Class H

     7,560,520       9,404,263  

Ping An Bank Co. Ltd., Class A

     1,710,800       2,253,132  

Ping An Healthcare and Technology Co.
Ltd.(a)(b)(c)

     701,600       1,007,318  

Ping An Insurance Group Co. of China Ltd., Class A

     660,563       3,732,043  

Ping An Insurance Group Co. of China Ltd., Class H

     7,998,500       33,622,023  

Poly Developments and Holdings Group Co. Ltd., Class A

     1,449,536       1,931,769  

Poly Property Group Co. Ltd.

     3,035,000       555,042  

Pop Mart International Group Ltd.(c)

     822,000       1,843,440  

Postal Savings Bank of China Co. Ltd., Class A

     1,984,500       1,307,452  

Postal Savings Bank of China Co. Ltd.,
Class H(c)

     10,028,000       4,822,556  

Power Construction Corp. of China Ltd., Class A

     1,397,600       978,701  

Q Technology Group Co. Ltd.(a)(b)

     1,219,000       430,112  

Qifu Technology Inc.

     125,023       1,794,080  

Qinghai Salt Lake Industry Co. Ltd., Class A(b)

     680,200       1,356,778  

Redco Properties Group Ltd.(a)(b)(c)(d)

     2,164,000       151,783  

RLX Technology Inc., ADR(a)

     623,920       1,135,534  

Rongsheng Petrochemical Co. Ltd., Class A

     1,102,000       1,451,324  

SAIC Motor Corp. Ltd., Class A

     1,188,352       2,262,094  

Sangfor Technologies Inc., Class A(b)

     72,100       547,171  

Sany Heavy Equipment International Holdings Co. Ltd.

     2,174,000       1,414,942  

 

 

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

   91

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
China (continued)            

Sany Heavy Industry Co. Ltd., Class A

     961,500     $ 1,751,310  

SDIC Power Holdings Co. Ltd., Class A

     1,291,500       2,516,714  

Seazen Group Ltd.(a)(b)

     2,498,000       343,503  

Seazen Holdings Co. Ltd., Class A(b)

     352,900       485,705  

Seres Group Co. Ltd., NVS(b)

     139,400       1,099,687  

SF Holding Co. Ltd., Class A

     453,200       2,228,258  

Shaanxi Coal Industry Co. Ltd., Class A

     1,340,600       4,517,526  

Shandong Gold Mining Co. Ltd., Class A

     910,928       2,606,602  

Shandong Weigao Group Medical Polymer Co. Ltd., Class H

     2,734,800       1,752,550  

Shanghai Baosight Software Co. Ltd., Class A

     443,320       2,527,359  

Shanghai Baosight Software Co. Ltd., Class B

     373,153       735,171  

Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H

     669,500       1,136,748  

Shanghai Industrial Holdings Ltd.

     668,000       818,305  

Shanghai Pharmaceuticals Holding Co. Ltd., Class H

     1,328,800       1,878,270  

Shanghai Pudong Development Bank Co. Ltd., Class A

     2,458,199       2,337,366  

Shanghai United Imaging Healthcare Co. Ltd., NVS

     83,967       1,575,599  

Shanghai Waigaoqiao Free Trade Zone Group Co. Ltd.

     164,510       115,651  

Shanxi Meijin Energy Co. Ltd., Class A(b)

     1,579,700       1,177,571  

Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A

     93,440       2,606,123  

Shede Spirits Co. Ltd.

     93,100       1,072,166  

Shengyi Technology Co. Ltd., Class A

     565,200       1,129,818  

Shennan Circuits Co. Ltd., Class A

     117,500       863,650  

Shenwan Hongyuan Group Co. Ltd., Class A

     4,385,133        2,667,932  

Shenzhen Inovance Technology Co. Ltd., Class A

     317,350       2,471,619  

Shenzhen International Holdings Ltd.

     1,502,500       1,236,551  

Shenzhen Investment Ltd.

     11,020,000       1,551,611  

Shenzhen Kangtai Biological Products Co. Ltd., Class A

     279,660       812,935  

Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A

     93,800       3,506,762  

Shenzhen Transsion Holdings Co. Ltd., Class A

     85,888       1,632,631  

Shenzhou International Group Holdings Ltd.

     912,500       8,126,182  

Shougang Fushan Resources Group Ltd.

     6,726,000       2,657,562  

Shui On Land Ltd.(a)

     13,024,000       1,168,786  

Sichuan Chuantou Energy Co. Ltd., Class A

     1,319,359       2,849,940  

Sichuan Road & Bridge Group Co. Ltd., Class A

     2,039,200       2,280,285  

Sihuan Pharmaceutical Holdings Group Ltd.

     7,418,000       512,577  

Sino Biopharmaceutical Ltd.

     11,621,000       4,193,275  

Sinofert Holdings Ltd.

     7,390,000       813,464  

Sino-Ocean Group Holding Ltd.(a)(b)

     3,649,500       164,069  

Sinopec Engineering Group Co. Ltd., Class H

     2,518,000       1,262,942  

Sinopec Kantons Holdings Ltd.

     2,400,000       1,052,961  

Sinopharm Group Co. Ltd., Class H

     1,775,600       4,668,911  

Sinotruk Hong Kong Ltd.

     791,500       1,797,649  

Skyworth Group Ltd.

     2,624,000       831,817  

Smoore International Holdings Ltd.(a)(c)

     2,069,000       1,251,132  

SOHO China Ltd.(b)

     3,601,500       300,472  

SooChow Securities Co. Ltd., Class A

     2,334,064       2,185,324  

SSY Group Ltd.

     2,424,000       1,317,115  

Sunac Services Holdings Ltd.(a)(c)

     1,560,000       318,697  

Sungrow Power Supply Co. Ltd., Class A

     140,900       1,536,596  

Sunny Optical Technology Group Co. Ltd.

     805,300       4,949,682  

TAL Education Group, ADR(b)

     518,642       5,518,351  

TCL Technology Group Corp., Class A(b)

     3,805,160       2,144,032  
Security   Shares     Value  
China (continued)            

TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A

     527,175     $ 901,778  

Tencent Holdings Ltd.

     7,765,800       269,561,016  

Tencent Music Entertainment Group, ADR(b)

     812,361       7,636,193  

Tianneng Power International Ltd.(a)

     1,432,000       1,111,574  

Tianqi Lithium Corp., Class A

     195,000       1,263,877  

Tingyi Cayman Islands Holding Corp.

     2,012,000       2,003,425  

Tong Ren Tang Technologies Co. Ltd., Class H

     1,590,000       1,151,511  

Tongcheng Travel Holdings Ltd.(b)

     1,288,800       2,628,963  

Tongdao Liepin Group(a)(b)

     658,600       326,535  

Tongwei Co. Ltd., Class A

     420,400       1,362,636  

Topsports International Holdings Ltd.(c)

     1,969,000       1,276,268  

Towngas Smart Energy Co. Ltd.(a)

     2,091,000       773,263  

TravelSky Technology Ltd., Class H

     1,265,000       1,272,384  

Trina Solar Co. Ltd.

     182,178       586,538  

Trip.com Group Ltd.(b)

     626,888       22,818,348  

Tsingtao Brewery Co. Ltd., Class H

     732,000       4,177,316  

Unigroup Guoxin Microelectronics Co. Ltd., Class A(b)

     135,517       985,310  

Uni-President China Holdings Ltd.

     1,755,000       985,823  

Unisplendour Corp. Ltd., Class A(b)

     493,340       1,065,147  

Untradelumena Newmat, NVS(d)

     3,800       —  

Venus MedTech Hangzhou Inc., Class H(b)(c)(d)

     587,500       336,473  

Vinda International Holdings Ltd.(a)

     546,000       1,613,281  

Vipshop Holdings Ltd., ADR(b)

     465,907       7,403,262  

Vnet Group Inc., ADR(a)(b)

     121,075       205,828  

Walvax Biotechnology Co. Ltd., Class A

     285,800       656,243  

Wanhua Chemical Group Co. Ltd., Class A

     271,687       2,643,841  

Want Want China Holdings Ltd.

     5,616,000       3,096,075  

Weibo Corp., ADR

     76,807       622,137  

Weichai Power Co. Ltd., Class A

     809,700       1,661,654  

Weichai Power Co. Ltd., Class H

     2,213,000       3,906,970  

Weimob Inc.(a)(b)(c)

     2,825,000       629,388  

Wens Foodstuffs Group Co. Ltd., Class A

     1,169,957       3,057,722  

West China Cement Ltd.

     5,004,000       396,699  

Will Semiconductor Co. Ltd. Shanghai, Class A

     131,030       1,574,304  

Wingtech Technology Co. Ltd., Class A(b)

     201,600       938,735  

Wuliangye Yibin Co. Ltd., Class A

     283,374       4,995,122  

WuXi AppTec Co. Ltd., Class A

     264,361       2,003,271  

WuXi AppTec Co. Ltd., Class H(a)(c)

     415,250       2,873,112  

Wuxi Biologics Cayman Inc.(b)(c)

     4,372,000       11,505,069  

XD Inc.(b)

     525,000       564,399  

Xiabuxiabu Catering Management China Holdings Co. Ltd.(c)

     933,500       237,048  

Xiaomi Corp., Class B(b)(c)

     17,895,600        28,195,021  

Xinyi Solar Holdings Ltd.

     5,535,600       2,541,623  

XPeng Inc.(a)(b)

     1,291,006       5,376,586  

Xtep International Holdings Ltd.

     1,731,000       852,448  

Yadea Group Holdings Ltd.(c)

     1,728,000       2,369,262  

Yankuang Energy Group Co. Ltd., Class A

     254,250       809,002  

Yankuang Energy Group Co. Ltd., Class H

     2,757,000       5,664,210  

Yeahka Ltd.(a)(b)

     344,400       538,512  

Yihai International Holding Ltd.

     602,000       772,644  

Yonyou Network Technology Co. Ltd., Class A

     467,000       726,216  

Yuexiu Property Co. Ltd.

     2,055,616       1,287,239  

Yuexiu REIT(a)

     3,430,448       465,304  

Yuexiu Transport Infrastructure Ltd.

     1,722,000       942,320  

Yum China Holdings Inc.

     510,783       17,667,984  

Yunnan Baiyao Group Co. Ltd., Class A

     298,592       1,933,151  

Yunnan Energy New Material Co. Ltd., Class A

     95,500       564,258  

Zai Lab Ltd.(b)

     1,041,020       2,211,917  

 

 

92  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
China (continued)            

Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A

     81,100     $ 2,248,465  

Zhaojin Mining Industry Co. Ltd., Class H(a)

     1,687,500       1,573,042  

Zhejiang Century Huatong Group Co. Ltd., Class A(b)

     1,482,258       865,913  

Zhejiang Expressway Co. Ltd., Class H

     3,400,320       2,525,962  

Zhejiang Huayou Cobalt Co. Ltd., Class A

     235,840       817,617  

Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A

     154,600       703,563  

Zhejiang Leapmotor Technology Co.
Ltd.(a)(b)(c)

     663,200       1,792,147  

ZhongAn Online P&C Insurance Co. Ltd., Class H(b)(c)

     726,200       1,134,518  

Zhongsheng Group Holdings Ltd.

     960,500       1,621,347  

Zhuzhou CRRC Times Electric Co. Ltd.

     675,600       1,658,500  

Zijin Mining Group Co. Ltd., Class A

     2,112,300       3,542,169  

Zijin Mining Group Co. Ltd., Class H

     5,926,000       8,793,378  

ZTE Corp., Class A

     269,000       821,628  

ZTE Corp., Class H

     748,640       1,300,965  

ZTO Express Cayman Inc., ADR

     516,648       8,452,361  
   

 

 

  
      2,037,177,488  
Colombia — 0.0%            

Bancolombia SA

     269,342       2,265,973  

Interconexion Electrica SA ESP

     563,481       2,439,741  
   

 

 

  
      4,705,714  
Czech Republic — 0.0%            

CEZ AS

     205,899       7,800,545  

Komercni Banka AS

     77,654       2,547,646  
   

 

 

  
      10,348,191  
Denmark — 2.2%            

ALK-Abello A/S(b)

     182,904       2,951,500  

Alm Brand A/S

     1,150,063       2,087,790  

Ambu A/S, Class B(a)(b)

     209,625       3,477,059  

AP Moller - Maersk A/S, Class A

     2,964       5,374,533  

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

     5,998       11,059,106  

Bavarian Nordic A/S(a)(b)

     90,534       2,079,858  

Carlsberg A/S, Class B

     111,060       14,289,805  

Chemometec A/S

     24,786       1,340,597  

Coloplast A/S, Class B

     163,666       18,866,059  

D/S Norden A/S

     37,906       2,039,597  

Danske Bank A/S

     799,683       21,472,654  

Demant A/S(b)

     113,928       5,160,811  

Dfds A/S

     54,021       1,830,243  

DSV A/S

     220,482       39,446,372  

FLSmidth & Co. A/S(a)

     59,957       2,461,560  

Genmab A/S(b)

     76,490       21,151,169  

GN Store Nord A/S(b)

     176,945       4,172,809  

H Lundbeck A/S

     309,848       1,569,364  

H Lundbeck A/S, Class A

     97,902       431,975  

ISS A/S

     169,171       3,201,050  

Jyske Bank A/S, Registered

     55,175       4,226,218  

Matas A/S

     94,336       1,691,340  

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

     47,422       1,891,589  

Nilfisk Holding A/S(b)

     43,627       768,823  

NKT A/S(a)(b)

     65,301       4,553,041  

Novo Nordisk A/S

     3,799,366        434,284,193  

Novozymes A/S, Class B

     433,086       22,191,621  

Orsted A/S(c)

     221,957       12,510,551  

Pandora A/S

     106,310       15,533,689  

Per Aarsleff Holding A/S

     26,970       1,241,424  

Ringkjoebing Landbobank A/S

     34,129       5,500,699  

Rockwool A/S, Class B

     10,356       2,823,324  
Security   Shares     Value  
Denmark (continued)            

Royal Unibrew A/S

     60,454     $ 3,960,071  

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

     88,082       1,579,654  

Schouw & Co. A/S

     22,948       1,834,926  

Spar Nord Bank A/S

     123,148       2,095,254  

Sydbank A/S

     89,141       3,956,004  

Topdanmark A/S

     31,352       1,390,407  

Tryg A/S

     335,504       7,171,100  

Vestas Wind Systems A/S(b)

     1,196,655       33,739,698  

Zealand Pharma A/S, Class A(a)(b)

     66,909       4,570,663  
   

 

 

  
      731,978,200  
Egypt — 0.0%            

Commercial International Bank Egypt SAE

     2,465,078       3,224,082  

Eastern Co. SAE

     1,328,129       656,561  

EFG Holding S.A.E.(b)

     2,596,088       697,701  

EISewedy Electric Co.

     1,488,621       712,661  
   

 

 

  
      5,291,005  
Finland — 0.7%            

Cargotec OYJ, Class B

     53,972       3,068,314  

Citycon OYJ

     134,613       703,963  

Elisa OYJ

     155,404       7,080,433  

Finnair OYJ(b)

     813,289       31,114  

Fortum OYJ

     512,029       6,999,511  

Huhtamaki OYJ

     118,883       4,665,910  

Kemira OYJ

     172,143       3,222,048  

Kesko OYJ, Class B

     318,973       6,229,416  

Kojamo OYJ

     258,393       3,063,354  

Kone OYJ, Class B

     379,943       18,807,674  

Konecranes OYJ

     73,854       3,171,772  

Mandatum OYJ(b)

     509,397       2,299,962  

Metsa Board OYJ, Class B(a)

     302,221       2,434,152  

Metso OYJ

     744,911       7,445,115  

Neste OYJ

     487,794       16,816,462  

Nokia OYJ

     5,890,458       21,295,320  

Nokian Renkaat OYJ

     158,889       1,431,959  

Nordea Bank Abp

     3,641,136       44,867,502  

Orion OYJ, Class B

     126,822       5,838,592  

Outokumpu OYJ

     415,824       1,775,036  

QT Group OYJ(a)(b)

     26,789       1,889,577  

Revenio Group OYJ

     44,438       1,220,055  

Sampo OYJ, Class A

     492,141       20,598,777  

Stora Enso OYJ, Class R

     636,609       8,100,701  

TietoEVRY OYJ

     95,428       2,214,453  

Tokmanni Group Corp.

     83,267       1,427,772  

UPM-Kymmene OYJ

     627,076       22,808,146  

Valmet OYJ

     206,984       5,858,413  

Wartsila OYJ Abp

     524,967       7,744,078  

YIT OYJ(a)

     302,225       643,801  
   

 

 

  
       233,753,382  
France — 7.0%            

ABC arbitrage

     124,800       596,806  

Accor SA

     193,616       7,646,572  

Aeroports de Paris SA

     33,896       4,535,617  

Air France-KLM, NVS(b)

     152,952       1,949,550  

Air Liquide SA

     607,515       113,686,286  

Airbus SE

     691,050       110,074,483  

Alstom SA(a)

     331,715       4,183,061  

Alten SA

     36,820       5,693,116  

Amundi SA(c)

     56,370       3,812,731  

Aperam SA

     64,993       2,002,833  

ArcelorMittal SA

     581,615       16,017,686  

Arkema SA

     75,291       8,194,143  

 

 

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

   93

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
France (continued)            

Atos SE(a)(b)

     127,391     $ 543,821  

AXA SA

     2,135,185       71,668,146  

Beneteau SACA

     64,517       773,209  

BioMerieux

     47,777       5,142,154  

BNP Paribas SA

     1,207,734       81,140,602  

Boiron SA(a)

     22,664       980,254  

Bollore SE

     1,076,468       7,110,103  

Bonduelle SCA

     38,288       406,781  

Bouygues SA

     263,010       9,634,737  

Bureau Veritas SA

     341,121       9,073,437  

Capgemini SE

     187,643       41,717,053  

Carrefour SA

     676,227       11,544,748  

CGG SA(a)(b)

     1,717,114       823,512  

Cie. de Saint-Gobain

     561,210       39,681,211  

Cie. Generale des Etablissements Michelin SCA

     781,323       25,942,003  

Cie. Plastic Omnium SA

     107,033       1,226,754  

Clariane SE(a)

     133,588       337,596  

Coface SA

     187,486       2,533,457  

Covivio SA/France

     58,543       2,834,880  

Credit Agricole SA

     1,321,182       18,925,735  

Danone SA

     735,094       48,974,619  

Dassault Aviation SA

     26,512       5,021,594  

Dassault Systemes SE

     782,730       40,575,366  

Derichebourg SA

     184,299       950,902  

Edenred SE

     294,799       17,607,896  

Eiffage SA

     82,852       8,668,818  

Elior Group SA(a)(b)(c)

     240,512       694,979  

Elis SA

     229,078       5,036,707  

Engie SA

     2,105,166       33,624,704  

Eramet SA(a)

     15,724       1,083,024  

EssilorLuxottica SA

     340,494       66,727,631  

Eurazeo SE

     48,558       4,136,182  

Euroapi SA(b)

     70,506       471,204  

Eurofins Scientific SE

     155,799       9,381,713  

Euronext NV(c)

     100,392       8,830,195  

Eutelsat Communications SACA(a)(b)

     195,555       713,261  

Fnac Darty SA

     30,491       814,567  

Forvia SE(b)

     174,365       2,996,852  

Gaztransport Et Technigaz SA

     38,910       5,455,086  

Gecina SA

     49,153       5,420,916  

Getlink SE

     470,504       8,107,293  

Hermes International SCA

     36,996       78,048,947  

ICADE

     35,614       1,205,755  

ID Logistics Group SACA(b)

     4,957       1,767,820  

Imerys SA

     44,269       1,472,220  

Interparfums SA

     30,393       1,608,102  

Ipsen SA

     42,947       4,951,751  

IPSOS SA

     60,264       3,955,170  

JCDecaux SE(b)

     89,846       1,866,130  

Kaufman & Broad SA

     33,422       989,361  

Kering SA

     85,954       35,307,616  

Klepierre SA

     248,410       6,431,502  

La Francaise des Jeux SAEM(c)

     108,827       4,411,150  

Legrand SA

     311,812       30,219,448  

LISI SA

     19,383       456,236  

L’Oreal SA

     280,505       134,236,794  

LVMH Moet Hennessy Louis Vuitton SE

     320,557        266,722,189  

Mercialys SA

     159,884       1,818,960  

Mersen SA

     43,493       1,577,745  

Metropole Television SA

     41,844       593,453  

Neoen SA(c)

     92,296       2,668,559  

Nexans SA

     34,773       3,164,979  
Security   Shares     Value  
France (continued)            

Nexity SA

     128,309     $ 2,138,688  

Orange SA

     2,148,256       25,546,894  

Pernod Ricard SA

     237,777       38,991,992  

Publicis Groupe SA

     263,693       26,420,333  

Quadient SA

     63,475       1,344,846  

Remy Cointreau SA

     24,593       2,491,862  

Renault SA

     214,362       8,072,804  

Rexel SA

     299,840       7,985,720  

Rubis SCA

     101,694       2,571,488  

Safran SA

     392,429       73,269,967  

Sanofi SA

     1,317,291       131,920,813  

Sartorius Stedim Biotech

     32,629       8,791,467  

Schneider Electric SE

     630,268       123,816,144  

SCOR SE

     168,815       5,035,947  

SEB SA

     27,458       3,352,905  

SES SA, Class A

     430,040       2,638,523  

Societe BIC SA

     38,091       2,635,613  

Societe Generale SA

     842,542       21,657,559  

Sodexo SA

     100,333       11,318,460  

SOITEC(b)

     30,418       4,396,284  

Sopra Steria Group SACA

     19,357       4,540,264  

SPIE SA

     145,397       4,809,379  

Teleperformance SE

     69,836       10,906,570  

Television Francaise 1 SA

     110,482       974,287  

Thales SA

     120,183       17,577,250  

TotalEnergies SE

     2,624,343       170,255,786  

Trigano SA

     13,042       2,054,381  

Ubisoft Entertainment SA(b)

     106,742       2,354,524  

Unibail-Rodamco-Westfield, New(b)

     144,234       10,327,832  

Valeo SE

     245,461       3,203,891  

Vallourec SACA(a)(b)

     193,447       2,767,490  

Valneva SE(a)(b)

     164,203       669,364  

Veolia Environnement SA

     801,207       26,106,401  

Verallia SA(c)

     71,178       2,510,045  

Vicat SACA

     27,781       1,080,835  

Vinci SA

     596,660       75,371,443  

Virbac SACA

     6,533       2,357,685  

Vivendi SE

     790,531       8,908,935  

VusionGroup(b)

     11,077       1,644,724  

Wendel SE

     27,928       2,532,023  

Worldline SA/France(b)(c)

     288,714       3,902,977  
   

 

 

  
       2,328,454,868  
Germany — 4.8%            

adidas AG

     190,146       35,897,281  

AIXTRON SE

     137,607       5,121,488  

Allianz SE, Registered

     466,858       124,733,231  

Amadeus Fire AG

     11,089       1,339,597  

Aroundtown SA(a)(b)

     1,182,037       2,636,811  

Aurubis AG

     36,165       2,601,468  

Auto1 Group SE(b)(c)

     121,680       506,238  

BASF SE

     1,023,060       48,906,351  

Bayer AG, Registered

     1,133,810       35,280,328  

Bayerische Motoren Werke AG

     365,859       38,068,761  

BayWa AG(a)

     24,934       800,931  

Bechtle AG

     97,326       5,046,630  

Befesa SA(c)

     50,720       1,782,351  

Beiersdorf AG

     114,412       16,743,012  

Bertrandt AG

     12,469       666,351  

Bilfinger SE(a)

     80,746       3,423,035  

Borussia Dortmund GmbH & Co. KGaA(b)

     108,747       446,757  

Brenntag SE

     170,120       15,040,308  

CANCOM SE

     48,519       1,540,167  

 

 

94  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Germany (continued)            

Carl Zeiss Meditec AG, Bearer

     48,576     $ 5,120,479  

Ceconomy AG(b)

     302,316       734,370  

Commerzbank AG

     1,253,074       14,389,790  

CompuGroup Medical SE & Co. KgaA

     37,712       1,616,890  

Continental AG

     125,381       10,242,455  

Covestro AG(b)(c)

     223,940       11,825,259  

CTS Eventim AG & Co. KGaA

     73,247       4,957,148  

Daimler Truck Holding AG

     615,613       22,000,259  

Delivery Hero SE(b)(c)

     205,432       4,661,105  

Deutsche Bank AG, Registered

     2,202,543       28,451,845  

Deutsche Boerse AG

     218,459       43,503,849  

Deutsche Lufthansa AG, Registered(b)

     742,547       6,174,555  

Deutsche Pfandbriefbank AG(a)(c)

     319,707       1,924,024  

Deutsche Post AG, Registered

     1,152,983       55,221,139  

Deutsche Telekom AG, Registered

     3,778,591       92,756,131  

Deutz AG

     228,421       1,380,488  

Duerr AG

     71,006       1,623,441  

E.ON SE

     2,610,744       35,321,477  

Eckert & Ziegler Strahlen- und
Medizintechnik AG

     37,911       1,885,552  

Encavis AG(b)

     158,170       2,202,093  

Evonik Industries AG

     226,990       4,175,741  

Evotec SE(b)

     176,366       2,697,889  

Fielmann Group AG

     35,668       1,855,893  

flatexDEGIRO AG(b)

     118,081       1,291,223  

Fraport AG Frankfurt Airport Services Worldwide(b)

     46,295       2,717,146  

Freenet AG

     144,962       4,005,690  

Fresenius Medical Care AG & Co. KGaA

     239,929       9,273,160  

Fresenius SE & Co. KGaA

     487,482       13,685,001  

GEA Group AG

     180,984       7,248,235  

Gerresheimer AG

     39,963       4,074,186  

Grand City Properties SA(b)

     112,729       1,094,230  

GRENKE AG

     44,668       1,081,738  

Hamborner REIT AG

     329,474       2,328,849  

Hamburger Hafen und Logistik AG, NVS

     72,217       1,289,549  

Hannover Rueck SE

     70,229       16,835,077  

Heidelberg Materials AG

     169,220       15,626,526  

HelloFresh SE(b)

     180,919       2,392,609  

Henkel AG & Co. KGaA

     129,485       8,855,564  

Hensoldt AG(a)

     77,668       2,331,662  

Hugo Boss AG

     62,494       3,903,038  

Hypoport SE(a)(b)

     5,513       1,171,029  

Infineon Technologies AG

     1,517,705       55,330,855  

Jenoptik AG

     83,459       2,606,360  

K+S AG, Registered

     203,990       2,861,211  

KION Group AG

     84,740       3,866,255  

Kloeckner & Co. SE

     66,511       481,016  

Knorr-Bremse AG

     79,268       4,896,076  

Kontron AG

     89,179       2,068,102  

Krones AG

     20,800       2,577,637  

LANXESS AG

     86,162       2,300,208  

LEG Immobilien SE(b)

     85,551       7,098,992  

Mercedes-Benz Group AG

     914,599       61,747,118  

Merck KGaA

     149,861       24,588,517  

METRO AG(b)

     246,612       1,662,155  

MorphoSys AG(a)(b)

     60,860       2,548,923  

MTU Aero Engines AG

     64,161        14,752,549  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered

     157,054       66,860,860  

Nemetschek SE

     71,388       6,587,230  

Nordex SE(a)(b)

     234,981       2,397,577  
Security   Shares     Value  
Germany (continued)            

Norma Group SE

     45,346     $ 737,421  

Patrizia SE(a)

     90,373       771,061  

Pfeiffer Vacuum Technology AG

     11,652       1,955,124  

ProSiebenSat.1 Media SE(a)

     170,741       1,201,114  

Puma SE

     122,960       4,948,377  

Rational AG

     5,388       4,138,983  

Redcare Pharmacy NV(b)(c)

     18,934       2,635,524  

Rheinmetall AG

     52,023       18,216,933  

RWE AG

     739,615       27,310,743  

Salzgitter AG

     71,646       1,998,307  

SAP SE

     1,208,239       209,323,268  

Scout24 SE(c)

     95,030       6,997,086  

SGL Carbon SE(a)(b)

     85,209       539,397  

Siemens AG, Registered

     882,333       157,958,646  

Siemens Healthineers AG(c)

     326,904       18,192,609  

Siltronic AG(a)

     29,055       2,730,827  

Sixt SE(a)

     26,446       2,577,321  

SMA Solar Technology AG(a)(b)

     19,961       1,023,798  

Stabilus SE

     35,430       2,482,700  

Stroeer SE & Co. KGaA

     42,943       2,521,273  

Suedzucker AG

     99,545       1,404,973  

Symrise AG, Class A

     157,735       16,274,105  

TAG Immobilien AG(b)

     279,478       3,911,806  

Takkt AG

     36,043       526,627  

Talanx AG(b)

     72,879       5,113,263  

TeamViewer SE(b)(c)

     170,286       2,441,329  

thyssenkrupp AG

     607,567       3,749,712  

United Internet AG, Registered(e)

     106,153       2,789,980  

Varta AG(a)(b)

     26,332       494,713  

VERBIO Vereinigte BioEnergie AG

     40,217       879,734  

Vitesco Technologies Group AG(b)

     9,279       810,928  

Volkswagen AG

     39,363       5,557,311  

Vonovia SE

     861,630       26,841,802  

Vossloh AG

     23,819       1,056,565  

Wacker Chemie AG

     15,266       1,655,151  

Wacker Neuson SE

     49,219       912,031  

Zalando SE(b)(c)

     258,222       5,155,823  
   

 

 

  
       1,607,575,486  
Greece — 0.1%            

Alpha Services and Holdings SA(b)

     2,529,242       4,504,245  

Autohellas Tourist and Trading SA

     5,183       74,968  

Eurobank Ergasias Services and Holdings SA, Class A(b)

     2,695,824       5,206,206  

FF Group(d)

     16,274       —  

Hellenic Telecommunications
Organization SA

     204,814       2,843,814  

JUMBO SA

     140,277       3,941,532  

Motor Oil Hellas Corinth Refineries SA

     102,222       2,792,716  

Mytilineos SA

     163,137       6,699,483  

National Bank of Greece SA(b)

     898,685       6,832,774  

OPAP SA

     211,245       3,657,246  

Piraeus Financial Holdings SA(b)

     879,320       3,561,006  

Public Power Corp. SA(b)

     288,169       3,813,160  

Terna Energy SA

     101,766       1,651,604  

Titan Cement International SA(a)

     38,428       990,470  
   

 

 

  
      46,569,224  
Hong Kong — 1.2%            

AIA Group Ltd.

     13,579,000       106,492,167  

ASMPT Ltd.

     303,000       2,924,064  

Bank of East Asia Ltd. (The)

     1,464,200       1,665,029  

BOC Hong Kong Holdings Ltd.

     4,188,500       10,038,968  

Brightoil Petroleum Holdings Ltd.(d)

     757,750       1  

 

 

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

   95

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Hong Kong (continued)            

Budweiser Brewing Co. APAC Ltd.(c)

     1,994,000     $ 3,142,826  

Cafe de Coral Holdings Ltd.

     794,000       798,621  

Champion REIT(a)

     3,179,000       756,977  

Chow Sang Sang Holdings International Ltd.

     752,000       819,532  

CK Asset Holdings Ltd.

     2,208,388       9,964,997  

CK Hutchison Holdings Ltd.

     3,008,388       15,537,783  

CK Infrastructure Holdings Ltd.

     654,500       3,886,971  

CLP Holdings Ltd.

     1,854,500        14,749,651  

Comba Telecom Systems Holdings Ltd.

     2,832,000       236,343  

Cowell e Holdings Inc.(a)(b)

     584,000       1,197,297  

Dah Sing Banking Group Ltd.

     743,600       447,018  

Dah Sing Financial Holdings Ltd.

     254,400       512,347  

ESR Group Ltd.(c)

     2,361,600       3,018,769  

First Pacific Co. Ltd.

     3,845,000       1,460,472  

Futu Holdings Ltd., ADR(b)

     71,580       3,344,218  

Galaxy Entertainment Group Ltd.

     2,551,000       13,239,383  

Guotai Junan International Holdings Ltd.(a)

     7,835,000       492,321  

Hang Lung Group Ltd.

     948,000       1,141,224  

Hang Lung Properties Ltd.

     2,124,000       2,465,878  

Hang Seng Bank Ltd.

     881,900       9,180,727  

Health and Happiness H&H International Holdings Ltd.(a)

     251,500       328,548  

Henderson Land Development Co. Ltd.

     1,407,941       3,668,561  

HKBN Ltd.(a)

     2,090,500       868,731  

HKT Trust & HKT Ltd., Class SS

     4,311,600       5,179,352  

Hong Kong & China Gas Co. Ltd.

     13,165,566       9,368,972  

Hong Kong Exchanges & Clearing Ltd.

     1,316,000       39,899,538  

Hongkong Land Holdings Ltd.

     1,309,400       4,087,299  

Hutchison Telecommunications Hong Kong Holdings Ltd.

     6,894,000       915,233  

Hysan Development Co. Ltd.

     1,064,000       1,836,456  

IGG Inc.(b)

     1,315,000       468,057  

Jardine Matheson Holdings Ltd.

     185,800       7,460,634  

Johnson Electric Holdings Ltd.

     712,250       934,035  

JS Global Lifestyle Co. Ltd.(a)(c)

     1,311,500       202,768  

Kerry Logistics Network Ltd.(a)

     1,096,500       1,218,271  

Kerry Properties Ltd.

     884,500       1,404,571  

Link REIT

     3,009,780       15,096,098  

Luk Fook Holdings International Ltd.

     611,000       1,513,708  

Man Wah Holdings Ltd.

     2,634,400       1,642,164  

Melco International Development Ltd.(a)(b)

     1,225,000       794,510  

Melco Resorts & Entertainment Ltd., ADR(b)

     273,504       2,136,066  

MTR Corp. Ltd.

     1,910,000       6,213,822  

New World Development Co. Ltd.(a)

     1,536,416       1,883,112  

Nissin Foods Co. Ltd.

     1,871,000       1,380,225  

NWS Holdings Ltd.

     2,883,000       2,505,098  

Pacific Basin Shipping Ltd.

     5,959,000       1,658,743  

PAX Global Technology Ltd.

     1,371,000       959,250  

PCCW Ltd.

     5,680,000       2,937,991  

Power Assets Holdings Ltd.

     1,712,500       10,027,004  

Sa Sa International Holdings Ltd.(b)

     3,810,000       399,468  

Sands China Ltd.(b)

     2,740,400       7,192,918  

Shangri-La Asia Ltd.(b)

     1,304,000       810,310  

Shun Tak Holdings Ltd.(a)(b)

     4,184,000       417,747  

Sino Land Co. Ltd.

     3,716,000       3,881,599  

SITC International Holdings Co. Ltd.

     1,463,000       2,219,873  

SJM Holdings Ltd.(a)(b)

     2,396,000       673,344  

SmarTone Telecommunications Holdings Ltd.

     913,500       456,870  

Sun Hung Kai Properties Ltd.

     1,732,500       16,170,091  

Swire Pacific Ltd., Class A

     552,500       4,274,709  

Swire Properties Ltd.

     1,222,600       2,284,762  

Techtronic Industries Co. Ltd.

     1,566,000       16,632,650  
Security   Shares     Value  
Hong Kong (continued)            

United Energy Group Ltd.(a)

     9,772,000     $ 1,038,472  

Value Partners Group Ltd.(a)

     2,068,000       476,187  

Vitasoy International Holdings Ltd.(a)

     1,234,000       947,192  

Vobile Group Ltd.(a)(b)

     2,725,000       505,419  

VTech Holdings Ltd.

     508,400       2,944,647  

WH Group Ltd.(c)

     8,366,500       4,936,190  

Wharf Holdings Ltd. (The)(a)

     1,029,000       3,006,417  

Wharf Real Estate Investment Co. Ltd.

     1,843,000       5,399,682  

Xinyi Glass Holdings Ltd.

     1,795,000       1,488,098  

Yue Yuen Industrial Holdings Ltd.

     939,000       885,502  
   

 

 

  
       411,144,548  
Hungary — 0.1%            

Magyar Telekom Telecommunications PLC

     371,451       805,024  

MOL Hungarian Oil & Gas PLC

     470,112       3,852,825  

OTP Bank Nyrt

     268,798       12,453,084  

Richter Gedeon Nyrt

     171,507       4,629,765  
   

 

 

  
      21,740,698  
India — 5.3%            

360 ONE WAM Ltd.

     209,536       1,565,777  

3M India Ltd.

     5,009       2,075,429  

Aarti Industries Ltd.

     434,704       3,442,239  

Aarti Pharmalabs Ltd., NVS(b)

     84,301       541,222  

Aavas Financiers Ltd.(b)

     98,269       1,745,040  

ABB India Ltd.

     64,737       3,646,031  

Adani Enterprises Ltd.

     193,568       7,325,884  

Adani Green Energy Ltd.(b)

     364,550       7,384,473  

Adani Ports & Special Economic Zone Ltd.

     603,256       8,769,917  

Adani Power Ltd.(b)

     849,566       5,767,356  

Aditya Birla Fashion and Retail Ltd.(b)

     646,981       1,901,227  

Affle India Ltd.(b)

     117,615       1,760,755  

AIA Engineering Ltd.

     84,788       4,187,922  

Amara Raja Energy & Mobility Ltd.

     214,225       2,290,891  

Amber Enterprises India Ltd.(b)

     14,054       749,715  

Ambuja Cements Ltd.

     877,070       5,902,956  

Angel One Ltd.

     54,546       2,152,314  

Apar Industries Ltd.

     23,715       1,803,640  

APL Apollo Tubes Ltd.

     237,843       4,310,580  

Apollo Hospitals Enterprise Ltd.

     129,472       9,899,945  

Apollo Tyres Ltd.

     538,230       3,504,019  

Ashok Leyland Ltd.

     2,232,353       4,725,891  

Asian Paints Ltd.

     480,563       17,070,328  

Astral Ltd.

     247,588       5,454,702  

AU Small Finance Bank Ltd.(c)

     317,431       2,435,623  

Aurobindo Pharma Ltd.

     373,009       5,166,739  

Avenue Supermarts Ltd.(b)(c)

     209,947       9,592,923  

Axis Bank Ltd.

     2,638,616       33,925,497  

Bajaj Auto Ltd.

     79,102       7,312,418  

Bajaj Finance Ltd.

     334,495       27,686,646  

Bajaj Finserv Ltd.

     503,106       9,857,401  

Bajaj Holdings & Investment Ltd.

     21,920       2,207,663  

Balkrishna Industries Ltd.

     155,684       4,601,015  

Balrampur Chini Mills Ltd.

     363,615       1,733,457  

Bandhan Bank Ltd.(c)

     816,609       2,249,685  

Bank of Baroda

     1,290,678       3,843,205  

Bata India Ltd.

     131,870       2,362,339  

Berger Paints India Ltd.

     442,626       3,012,317  

Bharat Electronics Ltd.

     4,758,920       10,658,865  

Bharat Forge Ltd.

     420,127       6,244,747  

Bharat Petroleum Corp. Ltd.

     959,966       5,818,405  

Bharti Airtel Ltd.

     2,718,390       38,347,033  

Biocon Ltd.

     673,819       2,179,941  

 

 

96  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
India (continued)            

Birlasoft Ltd.

     359,262     $ 3,670,402  

Blue Star Ltd.

     155,590       2,135,275  

Brigade Enterprises Ltd.

     65,432       808,781  

Britannia Industries Ltd.

     133,418       8,344,762  

BSE Ltd.

     90,223       2,523,143  

Carborundum Universal Ltd.

     132,740       1,797,656  

Central Depository Services India Ltd.

     69,976       1,497,562  

Century Textiles & Industries Ltd.

     165,448       2,845,152  

CESC Ltd.

     1,300,929       2,241,934  

CG Power and Industrial Solutions Ltd.

     864,896       4,879,371  

Cholamandalam Investment and Finance Co. Ltd.

     603,288       8,594,581  

Cipla Ltd.

     602,483       9,798,898  

City Union Bank Ltd.

     608,566       1,062,887  

Coal India Ltd.

     1,794,910       8,788,528  

Cochin Shipyard Ltd., NVS

     174,652       1,917,489  

Coforge Ltd.

     66,551       5,002,960  

Colgate-Palmolive India Ltd.

     152,563       4,724,875  

Computer Age Management Services Ltd.

     20,108       702,402  

Container Corp. of India Ltd.

     401,437       4,284,996  

Coromandel International Ltd.

     131,715       1,665,442  

Crompton Greaves Consumer Electricals Ltd.

     798,725       2,916,742  

Cummins India Ltd.

     184,511       5,097,856  

Cyient Ltd.

     109,590       2,607,033  

Dabur India Ltd.

     725,581       4,713,034  

Deepak Nitrite Ltd.

     104,255       2,895,377  

Delhivery Ltd.(b)

     363,026       1,968,617  

Divi’s Laboratories Ltd.

     177,355       7,840,016  

Dixon Technologies India Ltd.

     52,814       3,814,281  

DLF Ltd.

     874,752       8,444,390  

Dr Lal PathLabs Ltd.(c)

     71,495       2,169,785  

Dr. Reddy’s Laboratories Ltd.

     151,789       11,152,992  

Easy Trip Planners Ltd., NVS

     1,716,674       973,363  

Edelweiss Financial Services Ltd.

     978,120       825,348  

Eicher Motors Ltd.

     174,972       8,099,658  

Elgi Equipments Ltd.

     266,469       1,973,265  

Embassy Office Parks REIT

     993,926       4,298,560  

Exide Industries Ltd.

     940,544       3,795,882  

FDC Ltd./India(b)

     311,621       1,564,455  

Federal Bank Ltd.

     2,684,865       4,762,021  

Finolex Cables Ltd.

     209,388       2,774,139  

Fortis Healthcare Ltd.

     800,921       4,170,570  

GAIL India Ltd.

     3,212,283       6,684,079  

GlaxoSmithKline Pharmaceuticals Ltd.

     25,135       681,367  

Glenmark Pharmaceuticals Ltd.

     308,873       3,379,376  

GMR Airports Infrastructure Ltd.(b)

     3,749,380       3,536,926  

Godrej Consumer Products Ltd.

     484,768       6,797,942  

Godrej Industries Ltd.(b)

     181,347       1,965,648  

Godrej Properties Ltd.(b)

     195,343       5,581,173  

Grasim Industries Ltd.

     333,713       8,740,850  

Gujarat Fluorochemicals Ltd.

     38,777       1,717,017  

Gujarat Gas Ltd.

     277,285       1,939,928  

Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

     215,914       1,954,261  

Happiest Minds Technologies Ltd.

     187,594       1,978,562  

Havells India Ltd.

     383,642       5,977,578  

HCL Technologies Ltd.

     1,223,139        23,197,673  

HDFC Asset Management Co. Ltd.(c)

     99,444       4,289,601  

HDFC Bank Ltd.

     3,298,542       58,007,694  

HDFC Life Insurance Co. Ltd.(c)

     1,165,947       8,096,071  

HEG Ltd.

     52,556       1,114,436  

Hero MotoCorp Ltd.

     158,514       8,824,663  
Security   Shares     Value  
India (continued)            

HFCL Ltd.

     1,599,688     $ 1,984,480  

Hindalco Industries Ltd.

     1,435,010       9,994,226  

Hindustan Aeronautics Ltd., NVS

     235,096       8,507,497  

Hindustan Petroleum Corp. Ltd.(b)

     828,459       4,623,432  

Hindustan Unilever Ltd.

     994,532        29,738,154  

ICICI Bank Ltd.

     5,992,231       74,214,571  

ICICI Lombard General Insurance Co. Ltd.(c)

     275,268       4,953,383  

ICICI Prudential Life Insurance Co. Ltd.(c)

     380,697       2,306,294  

IDFC First Bank Ltd.(b)

     5,288,603       5,368,417  

IDFC Ltd.

     2,460,648       3,531,347  

IIFL Finance Ltd.

     220,370       1,658,225  

Indiabulls Housing Finance Ltd.

     520,252       1,392,170  

Indiabulls Real Estate Ltd.(b)

     744,482       878,871  

IndiaMART Intermesh Ltd.(c)

     54,679       1,659,899  

Indian Energy Exchange Ltd.(c)

     939,950       1,669,871  

Indian Hotels Co. Ltd., Class A

     1,162,444       6,893,080  

Indian Oil Corp. Ltd.

     3,290,271       5,826,634  

Indian Railway Catering & Tourism Corp. Ltd.

     393,647       4,630,232  

Indraprastha Gas Ltd.

     424,043       2,199,831  

IndusInd Bank Ltd.

     334,930       6,183,188  

Info Edge India Ltd.

     82,655       5,004,525  

Infosys Ltd.

     3,900,183       77,754,673  

InterGlobe Aviation Ltd.(b)(c)

     185,935       6,630,829  

Ipca Laboratories Ltd.

     223,655       3,017,079  

IRCON International Ltd.(c)

     606,371       1,733,002  

ITC Ltd.

     3,501,668       18,615,156  

JB Chemicals & Pharmaceuticals Ltd., NVS

     115,294       2,339,586  

Jindal Steel & Power Ltd.

     472,949       4,313,484  

Jio Financial Services Ltd., NVS(b)

     3,868,148       11,549,161  

JK Cement Ltd.

     35,865       1,882,394  

JSW Steel Ltd.

     711,872       7,009,324  

Jubilant Foodworks Ltd.

     619,845       3,878,291  

Jubilant Pharmova Ltd., Class A

     141,144       971,089  

Kajaria Ceramics Ltd.

     129,512       2,157,458  

Kalyan Jewellers India Ltd.

     331,082       1,393,073  

Karur Vysya Bank Ltd. (The)

     1,317,360       3,151,196  

KEI Industries Ltd.

     64,204       2,474,105  

Kotak Mahindra Bank Ltd.

     1,298,305       28,535,195  

KPIT Technologies Ltd.

     273,440       5,106,691  

L&T Finance Holdings Ltd.

     812,036       1,695,132  

Larsen & Toubro Ltd.

     815,161       34,126,906  

Laurus Labs Ltd.(c)

     539,243       2,476,289  

LIC Housing Finance Ltd.

     623,892       4,697,519  

LTIMindtree Ltd.(c)

     103,382       6,771,390  

Lupin Ltd.

     291,800       5,284,257  

Macrotech Developers Ltd.

     276,402       3,566,586  

Mahanagar Gas Ltd.

     99,525       1,776,208  

Mahindra & Mahindra Financial Services Ltd.

     1,085,550       3,781,360  

Mahindra & Mahindra Ltd.

     1,109,152       22,055,559  

Manappuram Finance Ltd.

     749,650       1,667,254  

Marico Ltd.

     679,567       4,322,448  

Maruti Suzuki India Ltd.

     164,813       20,214,486  

Max Financial Services Ltd.(b)

     283,746       3,044,385  

Max Healthcare Institute Ltd.

     1,054,243       9,914,283  

Motherson Sumi Wiring India Ltd.

     3,177,011       2,489,750  

Motilal Oswal Financial Services Ltd.

     89,570       1,931,565  

Mphasis Ltd.

     136,217       4,256,542  

MRF Ltd.

     4,002       6,862,349  

MTAR Technologies Ltd.(b)

     68,733       1,741,472  

Multi Commodity Exchange of India Ltd.

     28,893       1,187,255  

Muthoot Finance Ltd.

     162,658       2,733,289  

Natco Pharma Ltd.

     214,544       2,235,345  

 

 

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

   97

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
India (continued)            

National Aluminium Co. Ltd.

     2,518,393     $ 4,523,443  

Navin Fluorine International Ltd.

     42,321       1,739,001  

NBCC India Ltd.

     2,121,689       3,316,337  

NCC Ltd./India

     823,175       2,133,599  

Nestle India Ltd., NVS

     401,404       12,108,172  

Nexus Select Trust, NVS

     270,497       414,457  

NTPC Ltd.

     5,373,591        20,573,599  

Nuvama Wealth Management Ltd., NVS

     10,807       463,592  

Oil & Natural Gas Corp. Ltd.

     3,672,783       11,156,862  

One 97 Communications Ltd., NVS(b)

     277,510       2,537,342  

Page Industries Ltd.

     7,672       3,446,289  

PB Fintech Ltd.(b)

     286,632       3,464,149  

Persistent Systems Ltd.

     59,704       5,992,008  

Petronet LNG Ltd.

     980,582       3,178,805  

Phoenix Mills Ltd. (The)

     97,493       2,852,252  

PI Industries Ltd.

     110,521       4,491,261  

Pidilite Industries Ltd.

     205,355       6,259,025  

Piramal Enterprises Ltd.

     179,006       1,974,889  

Piramal Pharma Ltd., NVS(b)

     1,115,161       1,933,863  

PNB Housing Finance Ltd.(b)(c)

     193,733       1,830,280  

Polycab India Ltd.

     56,364       2,946,169  

Poonawalla Fincorp Ltd.

     414,623       2,387,825  

Power Finance Corp. Ltd.

     1,861,498       9,939,670  

Power Grid Corp. of India Ltd.

     5,732,374       17,904,191  

Praj Industries Ltd.

     291,145       1,747,867  

Prestige Estates Projects Ltd.

     159,834       2,432,554  

Procter & Gamble Health Ltd.

     24,396       1,507,789  

PVR Inox Ltd.(b)

     122,977       2,152,184  

Radico Khaitan Ltd.

     196,044       3,925,547  

Rail Vikas Nigam Ltd.

     905,138       3,346,473  

Rajesh Exports Ltd.

     98,747       434,393  

Ramco Cements Ltd. (The)

     159,100       1,948,473  

Ramkrishna Forgings Ltd.

     191,637       1,759,113  

RBL Bank Ltd.(c)

     712,032       2,235,524  

REC Ltd.

     1,788,772       10,745,435  

Redington Ltd.

     1,234,593       2,671,464  

Reliance Industries Ltd.

     3,577,297       122,903,425  

Reliance Power Ltd.(b)

     4,005,114       1,437,871  

Route Mobile Ltd.

     108,871       2,088,960  

Samvardhana Motherson International Ltd.

     3,220,032       4,389,922  

SBI Cards & Payment Services Ltd.

     382,018       3,293,157  

SBI Life Insurance Co. Ltd.(c)

     541,624       9,158,171  

Shree Cement Ltd.

     12,536       4,308,499  

Shriram Finance Ltd.

     324,713       9,651,831  

Siemens Ltd.

     117,686       5,867,302  

SKF India Ltd.

     10,639       602,002  

Sona Blw Precision Forgings Ltd.(c)

     478,478       3,561,363  

Sonata Software Ltd.

     198,106       1,835,779  

SRF Ltd.

     215,629       6,031,202  

Star Health & Allied Insurance Co. Ltd.(b)

     212,984       1,486,777  

State Bank of India

     2,216,327       17,119,732  

Sterlite Technologies Ltd.

     425,039       734,807  

Strides Pharma Science Ltd.

     167,941       1,412,995  

Sun Pharmaceutical Industries Ltd.

     1,129,194       19,291,016  

Sundram Fasteners Ltd.

     31,700       465,575  

Supreme Industries Ltd.

     93,017       4,627,825  

Suzlon Energy Ltd.(b)

     12,378,014       6,844,400  

Symphony Ltd.

     67,485       766,740  

Syngene International Ltd.(c)

     247,406       2,236,740  

Tanla Platforms Ltd.

     124,570       1,546,946  

Tata Chemicals Ltd.

     251,577       3,117,751  

Tata Communications Ltd.

     139,924       2,926,997  
Security   Shares     Value  
India (continued)            

Tata Consultancy Services Ltd.

     1,070,900     $ 49,187,606  

Tata Consumer Products Ltd.

     768,573       10,350,070  

Tata Elxsi Ltd.

     45,334       4,149,585  

Tata Motors Ltd.

     2,026,973       21,572,755  

Tata Motors Ltd., Class A

     533,153       3,749,365  

Tata Power Co. Ltd. (The)

     1,964,282       9,211,045  

Tata Steel Ltd.

     8,778,425       14,374,683  

Tata Teleservices Maharashtra Ltd.(b)

     730,414       814,529  

Tech Mahindra Ltd.

     752,164       12,050,093  

Tejas Networks Ltd.(b)(c)

     211,030       1,993,361  

Titan Co. Ltd.

     436,890       19,440,648  

Torrent Pharmaceuticals Ltd.

     165,329       5,038,331  

Torrent Power Ltd.

     296,990       3,719,207  

Trent Ltd.

     255,665       9,506,273  

Tube Investments of India Ltd.

     123,882       5,823,086  

TVS Motor Co. Ltd.

     351,763       8,475,808  

UltraTech Cement Ltd.

     139,546       17,062,558  

United Spirits Ltd.

     403,037       5,284,753  

UNO Minda Ltd.

     170,397       1,417,778  

UPL Ltd.

     705,170       4,563,170  

Varun Beverages Ltd.

     579,428       8,938,531  

Vedanta Ltd.

     1,187,283       3,919,981  

VIP Industries Ltd.

     145,520       943,508  

Voltas Ltd.

     228,986       3,012,119  

Wipro Ltd.

     1,601,541       9,159,933  

Yes Bank Ltd.(b)

     17,536,540       5,092,978  

Zee Entertainment Enterprises Ltd.(b)

     1,065,785       2,227,582  

Zomato Ltd.(b)

     6,081,314       10,217,441  
   

 

 

  
       1,771,863,697  
Indonesia — 0.5%            

Adaro Energy Indonesia Tbk PT

     18,829,500       2,855,059  

AKR Corporindo Tbk PT

     8,527,300       875,426  

Amman Mineral Internasional PT(b)

     7,335,700       3,499,466  

Aneka Tambang Tbk

     9,912,900       972,587  

Astra International Tbk PT

     24,052,300       7,793,915  

Bank Central Asia Tbk PT

     63,108,200       38,182,126  

Bank Mandiri Persero Tbk PT

     44,607,100       18,780,275  

Bank Negara Indonesia Persero Tbk PT

     16,317,700       5,936,630  

Bank Rakyat Indonesia Persero Tbk PT

     80,044,613       28,834,895  

Bank Tabungan Negara Persero Tbk PT

     8,414,793       695,386  

Barito Pacific Tbk PT

     36,757,293       2,465,726  

Berkah Beton Sadaya Tbk PT(b)

     26,806,500       84,938  

Bukalapak.com PT Tbk(b)

     57,200,600       694,383  

Bukit Asam Tbk PT

     6,039,500       998,929  

Bumi Resources Minerals Tbk PT(b)

     74,173,600       728,458  

Bumi Serpong Damai Tbk PT(b)

     14,690,200       963,758  

Charoen Pokphand Indonesia Tbk PT

     9,536,800       2,706,750  

Ciputra Development Tbk PT

     19,664,196       1,557,683  

GoTo Gojek Tokopedia Tbk PT(b)

     955,423,100       5,300,020  

Hanson International Tbk PT(b)(d)

     63,791,600       —  

Indah Kiat Pulp & Paper Tbk PT

     4,529,500       2,243,745  

Indo Tambangraya Megah Tbk PT

     492,100       843,134  

Indocement Tunggal Prakarsa Tbk PT

     2,212,500       1,263,363  

Indofood CBP Sukses Makmur Tbk PT

     3,474,700       2,589,046  

Indofood Sukses Makmur Tbk PT

     5,478,900       2,213,795  

Japfa Comfeed Indonesia Tbk PT

     8,792,700       590,638  

Jasa Marga Persero Tbk PT

     3,503,438       1,110,088  

Kalbe Farma Tbk PT

     27,858,500       2,666,153  

Medco Energi Internasional Tbk PT

     16,051,920       1,237,786  

Media Nusantara Citra Tbk PT

     7,273,700       165,018  

Merdeka Copper Gold Tbk PT(b)

     19,629,676       3,354,837  

Metro Healthcare Indonesia TBK PT(b)

     48,824,000       507,423  

 

 

98  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Indonesia (continued)            

Mitra Adiperkasa Tbk PT

     23,410,600     $ 2,899,603  

Pabrik Kertas Tjiwi Kimia Tbk PT

     2,435,500       964,631  

Pakuwon Jati Tbk PT

     15,719,500       418,321  

Perusahaan Gas Negara Tbk PT

     16,224,100       1,196,068  

Pool Advista Indonesia Tbk PT(b)(d)

     1,914,800       —  

Sarana Menara Nusantara Tbk PT

     36,433,200       2,049,354  

Semen Indonesia Persero Tbk PT

     4,440,321       1,743,880  

Sumber Alfaria Trijaya Tbk PT

     16,505,800       2,770,240  

Summarecon Agung Tbk PT

     20,281,704       719,848  

Surya Citra Media Tbk PT

     55,762,900       543,187  

Surya Esa Perkasa Tbk PT

     10,954,300       341,541  

Telkom Indonesia Persero Tbk PT

     58,457,700       14,662,761  

Trada Alam Minera Tbk PT(b)(d)

     39,223,500       —  

Unilever Indonesia Tbk PT

     7,159,700       1,406,532  

United Tractors Tbk PT

     1,933,700       2,808,906  

Waskita Karya Persero Tbk PT(b)(d)

     19,926,317       204,062  

XL Axiata Tbk PT

     5,970,800       877,836  
   

 

 

  
      176,318,206  
Ireland — 0.5%            

AIB Group PLC

     1,671,419       7,341,581  

Bank of Ireland Group PLC

     1,206,891       11,098,545  

CRH PLC

     855,795       60,711,481  

Dalata Hotel Group PLC

     206,346       1,071,506  

Flutter Entertainment PLC(b)

     199,996       41,050,400  

Glanbia PLC

     265,217       4,740,696  

Greencore Group PLC(b)

     798,139       1,035,757  

Kerry Group PLC, Class A

     187,251       16,690,431  

Kingspan Group PLC

     190,902       15,504,410  

Origin Enterprises PLC

     99,889       367,030  

Smurfit Kappa Group PLC

     294,665       10,980,628  
   

 

 

  
       170,592,465  
Israel — 0.6%            

Airport City Ltd.(b)

     135,532       2,261,483  

Alony Hetz Properties & Investments Ltd.(a)

     286,580       2,169,013  

Amot Investments Ltd.

     484,211       2,515,707  

Azrieli Group Ltd.

     57,230       3,856,309  

Bank Hapoalim BM

     1,463,332       12,449,898  

Bank Leumi Le-Israel BM

     1,794,512       13,629,616  

Bezeq The Israeli Telecommunication Corp. Ltd.

     2,649,030       3,504,040  

Camtek Ltd./Israel(b)

     39,659       3,073,566  

Check Point Software Technologies Ltd.(b)

     105,885       16,828,303  

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

     171,870       2,674,218  

CyberArk Software Ltd.(b)

     50,066       11,689,410  

Danel Adir Yeoshua Ltd.

     13,032       1,128,082  

Delek Group Ltd.

     18,324       2,269,092  

Elbit Systems Ltd.

     32,914       6,789,608  

Enlight Renewable Energy Ltd.(b)

     159,792       2,886,382  

Fattal Holdings 1998 Ltd.(b)

     14,450       1,640,429  

First International Bank Of Israel Ltd. (The)

     109,473       4,390,209  

Fiverr International Ltd.(a)(b)

     57,119       1,537,643  

G City Ltd.

     319,904       1,023,435  

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

     114,599       4,328,404  

Harel Insurance Investments & Financial Services Ltd.

     333,613       2,767,303  

ICL Group Ltd.

     936,666       4,260,229  

Inmode Ltd.(a)(b)

     104,949       2,486,242  

Isracard Ltd.

     601,431       2,158,632  

Israel Corp Ltd.(b)

     7,259       1,663,583  

Israel Discount Bank Ltd., Class A

     1,627,396       7,894,318  

Ituran Location and Control Ltd.

     39,064       971,912  

Kenon Holdings Ltd./Singapore

     54,005       1,333,620  
Security   Shares     Value  
Israel (continued)            

Kornit Digital Ltd.(b)

     76,090     $ 1,301,900  

Melisron Ltd.

     40,712       2,985,555  

Mivne Real Estate KD Ltd.

     1,413,902       3,825,832  

Mizrahi Tefahot Bank Ltd.

     195,996       7,294,443  

Monday.com Ltd.(b)

     32,767       6,882,381  

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

     93,049       506,187  

Nice Ltd.(b)

     75,650       15,696,003  

Nova Ltd.(b)

     36,776       5,237,142  

Oil Refineries Ltd.

     6,366,827       2,199,219  

Paz Oil Co. Ltd.

     21,345       1,754,557  

Perion Network Ltd.(b)

     59,829       1,775,004  

Phoenix Holdings Ltd. (The)(a)

     165,137       1,679,536  

Radware Ltd.(b)

     77,154       1,410,375  

Reit 1 Ltd.

     388,266       1,733,258  

Shapir Engineering and Industry Ltd.(a)

     284,455       1,603,549  

Shikun & Binui Ltd.(a)(b)

     657,747       1,716,347  

Shufersal Ltd.(b)

     303,166       1,626,625  

Strauss Group Ltd.(b)

     122,158       2,372,478  

Teva Pharmaceutical Industries Ltd., ADR(b)

     1,304,314       15,782,199  

Tower Semiconductor Ltd.(b)

     132,226       3,770,499  

Wix.com Ltd.(b)

     67,692       8,588,761  

ZIM Integrated Shipping Services Ltd.(a)

     117,403       1,761,045  
   

 

 

  
       215,683,581  
Italy — 1.7%            

A2A SpA

     1,910,884       3,788,640  

ACEA SpA

     60,120       948,730  

AMCO - Asset Management Co. SpA, NVS(d)

     261       —  

Amplifon SpA

     160,946       5,253,038  

Anima Holding SpA(c)

     501,862       2,265,128  

Assicurazioni Generali SpA

     1,146,269       25,569,728  

Azimut Holding SpA

     128,461       3,581,327  

Banca Generali SpA

     81,312       3,099,848  

Banca IFIS SpA

     41,051       710,543  

Banca Mediolanum SpA

     253,384       2,593,063  

Banca Monte dei Paschi di Siena SpA(b)

     919,416       3,226,906  

Banca Popolare di Sondrio SpA

     523,405       3,976,835  

Banco BPM SpA

     1,401,257       7,560,191  

BFF Bank SpA(c)

     192,220       2,077,253  

Bio On SpA(a)(d)

     4,387       —  

BPER Banca

     1,433,510       5,170,472  

Brembo SpA

     225,212       2,773,894  

Brunello Cucinelli SpA

     41,441       4,108,331  

Buzzi SpA

     90,225       3,066,747  

CIR SpA-Compagnie Industriali(b)

     1,798,284       825,948  

Credito Emiliano SpA

     270,837       2,462,018  

Danieli & C Officine Meccaniche SpA

     70,575       2,398,705  

Datalogic SpA

     27,311       178,389  

De’ Longhi SpA

     97,968       3,173,099  

DiaSorin SpA

     27,859       2,561,885  

Enav SpA(c)

     272,205       1,007,408  

Enel SpA

     9,354,232       63,827,440  

Eni SpA

     2,681,756       42,750,783  

ERG SpA

     96,564       2,831,498  

Ferrari NV

     147,237       51,347,013  

Fincantieri SpA(a)(b)

     529,576       280,719  

FinecoBank Banca Fineco SpA

     683,080       9,848,894  

GVS SpA(b)(c)

     135,564       864,607  

Hera SpA

     934,918       3,293,367  

Infrastrutture Wireless Italiane SpA(c)

     404,140       4,886,872  

Interpump Group SpA

     103,882       5,135,036  

Intesa Sanpaolo SpA

     17,907,641       55,178,698  

Iren SpA

     1,005,379       2,110,060  

 

 

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

   99

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Italy (continued)            

Italgas SpA

     546,170     $ 3,113,933  

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

     125,786       305,858  

Leonardo SpA

     459,272       8,016,162  

Maire Tecnimont SpA(a)

     236,126       1,227,151  

MARR SpA

     49,866       605,881  

Mediobanca Banca di Credito Finanziario SpA

     701,278       9,287,726  

Moncler SpA

     239,644       14,742,113  

Nexi SpA(b)(c)

     716,484       5,495,763  

Piaggio & C SpA

     542,145       1,802,231  

Pirelli & C SpA(c)

     363,110       1,967,847  

Poste Italiane SpA(c)

     578,704       6,275,262  

Prysmian SpA

     316,993       13,950,809  

Recordati Industria Chimica e Farmaceutica SpA

     138,633       7,651,747  

Reply SpA

     20,641       2,830,096  

Saipem SpA(b)

     1,427,933       2,048,254  

Salvatore Ferragamo SpA(a)

     94,391       1,203,925  

Saras SpA

     1,086,274       1,839,205  

Snam SpA

     2,329,864       11,378,924  

Stellantis NV

     2,566,434       56,529,927  

Tamburi Investment Partners SpA

     186,296       1,819,102  

Technogym SpA(c)

     170,474       1,688,162  

Telecom Italia SpA/Milano(a)(b)

     10,154,880       3,060,755  

Tenaris SA, NVS

     553,949       8,749,229  

Terna - Rete Elettrica Nazionale

     1,611,543       13,588,609  

Tod’s SpA(b)

     17,510       641,912  

UniCredit SpA

     1,892,562       55,437,034  

Unipol Gruppo SpA

     392,150       2,435,097  
   

 

 

  
       572,425,827  
Japan — 16.0%            

77 Bank Ltd. (The)

     83,000       1,996,424  

Abalance Corp.(a)

     37,600       689,159  

ABC-Mart Inc.

     160,500       2,781,546  

Activia Properties Inc.

     629       1,712,997  

Adastria Co. Ltd.

     51,100       1,191,196  

ADEKA Corp.

     142,100       2,780,427  

Advance Residence Investment Corp.

     1,177       2,591,936  

Advantest Corp.

     911,300       36,267,753  

Aeon Co. Ltd.

     710,900       16,988,502  

Aeon Delight Co. Ltd.

     45,200       1,157,797  

AEON Financial Service Co. Ltd.

     135,500       1,234,085  

Aeon Mall Co. Ltd.

     105,700       1,308,359  

AEON REIT Investment Corp.

     2,411       2,271,841  

AGC Inc.

     203,300       7,645,756  

Ai Holdings Corp.

     97,800       1,641,772  

Aica Kogyo Co. Ltd.

     104,300       2,416,733  

Aiful Corp.

     679,400       1,703,359  

Ain Holdings Inc.

     34,400       1,122,591  

Air Water Inc.

     133,800       1,767,393  

Aisin Corp.

     170,300       6,358,165  

Ajinomoto Co. Inc.

     525,000       21,559,081  

Alfresa Holdings Corp.

     211,000       3,460,176  

Alps Alpine Co. Ltd.

     218,000       1,617,893  

Amada Co. Ltd.

     351,900       3,797,576  

Amano Corp.

     87,400       2,014,100  

Amvis Holdings Inc.

     97,800       1,801,773  

ANA Holdings Inc.(b)

     194,700       4,302,512  

Anicom Holdings Inc.

     229,900       912,963  

Anritsu Corp.

     196,300       1,554,428  

Aozora Bank Ltd.(a)

     75,000       1,648,715  

Appier Group Inc.(a)(b)

     132,400       1,549,145  

Arcs Co. Ltd.

     60,800       1,209,754  

Ariake Japan Co. Ltd.

     43,400       1,391,650  
Security   Shares     Value  
Japan (continued)            

Artience Co. Ltd.

     83,800     $ 1,568,038  

As One Corp.

     49,500       1,868,707  

Asahi Group Holdings Ltd.

     556,000        20,665,375  

Asahi Holdings Inc.

     206,900       2,881,002  

Asahi Intecc Co. Ltd.

     235,700       4,478,509  

Asahi Kasei Corp.

     1,286,900       9,759,259  

Asics Corp.

     193,200       5,870,598  

ASKUL Corp.

     58,100       785,318  

Astellas Pharma Inc.

     2,103,900       24,494,598  

Atom Corp.(a)(b)

     268,300       1,704,750  

Autobacs Seven Co. Ltd.

     242,800       2,639,503  

Avex Inc.

     88,600       849,904  

Awa Bank Ltd. (The)

     59,100       991,279  

Azbil Corp.

     114,300       3,693,568  

Bandai Namco Holdings Inc.

     683,600       14,801,675  

BayCurrent Consulting Inc.(a)

     161,300       3,750,064  

Benefit One Inc.(a)

     120,500       1,719,512  

Benesse Holdings Inc.

     76,000       1,344,016  

Bengo4.com Inc.(a)(b)

     24,200       653,361  

Bic Camera Inc.

     149,900       1,397,292  

BIPROGY Inc.

     68,700       2,011,429  

BML Inc.

     59,200       1,144,136  

Bridgestone Corp.

     640,400       27,750,249  

Brother Industries Ltd.

     316,200       5,297,163  

Calbee Inc.

     100,900       2,120,938  

Canon Electronics Inc.

     71,900       1,022,279  

Canon Inc.

     1,122,400       30,918,892  

Canon Marketing Japan Inc.

     64,400       1,959,378  

Capcom Co. Ltd.

     186,900       7,128,136  

Casio Computer Co. Ltd.

     179,000       1,543,393  

Central Glass Co. Ltd.

     66,200       1,238,609  

Central Japan Railway Co.

     792,100       19,796,668  

Change Holdings Inc.

     135,400       1,245,165  

Chiba Bank Ltd. (The)

     560,200       4,151,229  

Chiyoda Corp.(b)

     286,000       655,931  

Chubu Electric Power Co. Inc.

     716,900       9,300,119  

Chugai Pharmaceutical Co. Ltd.

     775,300       27,887,711  

Chugin Financial Group Inc., NVS

     204,500       1,448,075  

Chugoku Electric Power Co. Inc. (The)

     285,200       2,027,857  

Citizen Watch Co. Ltd.

     298,700       1,894,445  

Coca-Cola Bottlers Japan Holdings Inc.

     115,175       1,563,157  

COLOPL Inc.(a)

     88,100       376,314  

Colowide Co. Ltd.

     139,400       2,228,645  

Comforia Residential REIT Inc.

     1,720       3,604,826  

COMSYS Holdings Corp.

     78,500       1,718,764  

Concordia Financial Group Ltd.

     1,113,300       5,305,369  

Cosmo Energy Holdings Co. Ltd.

     78,900       3,276,962  

Cosmos Pharmaceutical Corp.

     20,200       2,169,765  

Create SD Holdings Co. Ltd.

     56,300       1,225,162  

Credit Saison Co. Ltd.

     139,200       2,583,758  

Curves Holdings Co. Ltd.

     148,200       686,580  

CyberAgent Inc.

     410,900       2,651,878  

CYBERDYNE Inc.(a)(b)

     357,200       496,613  

Dai Nippon Printing Co. Ltd.

     239,400       6,928,222  

Daicel Corp.

     271,700       2,661,890  

Daido Steel Co. Ltd.

     175,300       1,826,690  

Daifuku Co. Ltd.

     321,800       6,345,894  

Daiho Corp.

     62,300       1,636,410  

Dai-ichi Life Holdings Inc.

     1,083,800       23,770,727  

Daiichi Sankyo Co. Ltd.

     2,153,800       64,482,691  

Daiichikosho Co. Ltd.

     109,400       1,498,764  

Daikin Industries Ltd.

     305,300       48,918,889  

 

 

100  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Daio Paper Corp.

     115,500     $ 869,973  

Daiseki Co. Ltd.

     85,360       2,440,687  

Daishi Hokuetsu Financial Group Inc.

     59,800       1,657,335  

Daito Trust Construction Co. Ltd.

     61,500       6,995,656  

Daiwa House Industry Co. Ltd.

     662,700       20,491,971  

Daiwa House REIT Investment Corp.

     3,378       5,968,590  

Daiwa Office Investment Corp.

     653       2,783,746  

Daiwa Securities Group Inc.

     1,560,400       11,183,171  

Daiwa Securities Living Investments Corp.

     4,027       2,897,260  

Daiwabo Holdings Co. Ltd.

     111,800       2,431,057  

DCM Holdings Co. Ltd.

     177,600       1,654,421  

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

     213,200       606,688  

DeNA Co. Ltd.

     119,200       1,203,503  

Denka Co. Ltd.

     126,600       2,207,679  

Denso Corp.

     2,199,000       34,542,001  

Dentsu Group Inc.

     216,500       5,746,184  

Descente Ltd.

     55,200       1,274,956  

Dexerials Corp.

     76,000       2,190,204  

DIC Corp.

     118,600       2,238,371  

Digital Arts Inc.

     27,800       952,907  

Digital Garage Inc.

     53,500       1,289,850  

Dip Corp.

     76,400       1,304,775  

Disco Corp.

     108,900       29,385,465  

DMG Mori Co. Ltd.

     152,600       3,055,596  

Doutor Nichires Holdings Co. Ltd.

     82,400       1,216,642  

Dowa Holdings Co. Ltd.

     63,000       2,197,146  

Duskin Co. Ltd.

     72,100       1,674,048  

DyDo Group Holdings Inc.

     68,600       1,377,611  

Earth Corp.

     39,700       1,215,321  

East Japan Railway Co.

     334,600       19,136,651  

Ebara Corp.

     92,600       5,799,269  

EDION Corp.

     138,800       1,528,373  

Eisai Co. Ltd.

     298,600       14,060,664  

Eizo Corp.

     34,900       1,205,084  

Electric Power Development Co. Ltd.

     145,500       2,444,039  

en Japan Inc.

     45,900       848,298  

ENEOS Holdings Inc.

     3,201,400       12,929,024  

eRex Co. Ltd.(a)

     63,900       355,390  

Euglena Co. Ltd.(a)(b)

     341,400       1,599,874  

Exedy Corp.

     62,800       1,204,847  

EXEO Group Inc.

     106,000       2,367,414  

Ezaki Glico Co. Ltd.

     91,800       2,685,930  

Fancl Corp.

     110,600       1,746,554  

FANUC Corp.

     1,096,200        30,323,482  

Fast Retailing Co. Ltd.

     202,200       53,982,702  

FCC Co. Ltd.

     61,300       798,609  

Ferrotec Holdings Corp.

     67,600       1,303,758  

Financial Partners Group Co. Ltd.

     145,000       1,662,974  

Food & Life Companies Ltd.

     113,500       2,271,182  

FP Corp.

     72,400       1,402,657  

Freee KK(a)(b)

     62,200       1,170,865  

Frontier Real Estate Investment Corp.

     796       2,352,878  

Fuji Co. Ltd./Ehime

     73,700       993,440  

Fuji Corp./Aichi

     110,200       1,867,171  

Fuji Electric Co. Ltd.

     127,400       6,380,192  

Fuji Oil Holdings Inc.

     78,000       1,249,476  

Fuji Seal International Inc.

     78,000       919,838  

Fuji Soft Inc.

     76,200       3,340,028  

FUJIFILM Holdings Corp.

     418,500       26,526,580  

Fujikura Ltd.

     302,600       2,487,526  

Fujitec Co. Ltd.

     99,200       2,531,132  

Fujitsu General Ltd.

     99,200       1,453,492  
Security   Shares     Value  
Japan (continued)            

Fujitsu Ltd.

     203,900     $ 28,222,665  

Fukuoka Financial Group Inc.

     164,200       4,035,588  

Fukuoka REIT Corp.

     1,507       1,782,540  

Fukuyama Transporting Co. Ltd.

     33,400       923,749  

Funai Soken Holdings Inc.

     83,600       1,455,609  

Furukawa Electric Co. Ltd.

     84,200       1,531,635  

Fuyo General Lease Co. Ltd.

     25,100       2,244,599  

Giken Ltd.

     41,500       608,698  

Global One Real Estate Investment Corp.

     3,277       2,441,373  

Glory Ltd.

     66,500       1,373,986  

GLP J-REIT

     4,798       4,283,815  

GMO internet group Inc.

     116,900       2,106,815  

GMO Payment Gateway Inc.

     48,300       2,914,338  

GNI Group Ltd.(b)

     65,100       1,166,812  

Goldwin Inc.

     32,000       2,152,616  

Gree Inc.

     177,000       704,136  

GS Yuasa Corp.

     101,000       1,456,699  

GungHo Online Entertainment Inc.(b)

     81,710       1,373,740  

Gunma Bank Ltd. (The)

     666,400       3,286,153  

Gunze Ltd.

     20,400       745,642  

H.U. Group Holdings Inc.

     133,700       2,485,466  

H2O Retailing Corp.

     141,300       1,512,801  

Hachijuni Bank Ltd. (The)

     609,400       3,321,174  

Hakuhodo DY Holdings Inc.

     202,500       1,555,447  

Hamamatsu Photonics KK

     148,900       5,882,280  

Hankyu Hanshin Holdings Inc.

     252,000       7,710,071  

Hankyu Hanshin REIT Inc.

     1,711       1,694,199  

Hanwa Co. Ltd.

     42,400       1,550,843  

Harmonic Drive Systems Inc.(a)

     74,000       1,793,289  

Haseko Corp.

     263,000       3,420,022  

Hazama Ando Corp.

     269,300       2,174,783  

Heiwa Corp.

     82,100       1,219,829  

Heiwa Real Estate Co. Ltd.

     61,400       1,623,314  

Heiwa Real Estate REIT Inc.

     2,043       1,898,640  

Hikari Tsushin Inc.

     21,500       3,746,371  

Hino Motors Ltd.(b)

     341,700       1,163,350  

Hirata Corp.

     15,400       704,484  

Hirogin Holdings Inc.

     422,100       2,832,417  

Hirose Electric Co. Ltd.

     33,405       3,886,765  

HIS Co. Ltd.(b)

     103,100       1,252,502  

Hisamitsu Pharmaceutical Co. Inc.

     70,600       2,012,261  

Hitachi Construction Machinery Co. Ltd.

     91,000       2,581,889  

Hitachi Ltd.

     1,079,100        84,763,681  

Hitachi Zosen Corp.

     339,400       2,094,201  

Hogy Medical Co. Ltd.

     55,200       1,330,755  

Hokkaido Electric Power Co. Inc.

     225,700       1,006,975  

Hokkoku Financial Holdings Inc.

     34,200       1,017,562  

Hokuetsu Corp.(a)

     170,100       1,608,195  

Hokuhoku Financial Group Inc.

     175,600       1,860,316  

Hokuriku Electric Power Co.(b)

     235,800       1,153,003  

Hokuto Corp.

     151,400       1,846,886  

Honda Motor Co. Ltd.

     5,369,200       60,017,239  

Horiba Ltd.

     39,900       3,201,339  

Hoshino Resorts REIT Inc.

     617       2,153,333  

Hoshizaki Corp.

     97,200       3,536,268  

House Foods Group Inc.

     98,200       2,161,525  

Hoya Corp.

     407,300       51,738,940  

Hulic Co. Ltd.

     373,400       4,123,211  

Hulic REIT Inc.

     2,602       2,740,079  

Hyakugo Bank Ltd. (The)

     596,300       2,312,657  

Ibiden Co. Ltd.(a)

     129,600       6,521,464  

Ichigo Inc.

     346,000       922,360  

 

 

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

   101

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Ichigo Office REIT Investment Corp.

     2,362     $ 1,327,280  

Idemitsu Kosan Co. Ltd.

     1,158,175       6,431,322  

IHI Corp.

     146,100       2,794,366  

Iida Group Holdings Co. Ltd.

     109,300       1,650,095  

Inaba Denki Sangyo Co. Ltd.

     117,700       2,812,300  

Industrial & Infrastructure Fund Investment Corp.

     2,126       1,923,908  

Infocom Corp.

     123,000       2,042,224  

Infomart Corp.(a)

     351,300       942,847  

INFRONEER Holdings Inc.

     228,076       2,384,185  

Inpex Corp.

     1,108,400        15,065,878  

Insource Co. Ltd.

     139,800       790,242  

Internet Initiative Japan Inc.

     152,800       2,963,008  

Invincible Investment Corp.

     7,071       2,906,894  

Iriso Electronics Co. Ltd.

     32,400       757,683  

Isetan Mitsukoshi Holdings Ltd.

     424,000       4,957,538  

Isuzu Motors Ltd.

     636,700       8,687,734  

Ito En Ltd.

     62,100       1,802,735  

ITOCHU Corp.

     1,381,600       62,702,675  

Itoham Yonekyu Holdings Inc.

     47,100       1,319,719  

Iwatani Corp.

     47,900       2,140,483  

Iyogin Holdings Inc., NVS

     329,000       2,237,835  

Izumi Co. Ltd.

     37,400       880,425  

J Front Retailing Co. Ltd.

     211,100       1,955,068  

Jaccs Co. Ltd.

     73,100       2,800,233  

JAFCO Group Co. Ltd.

     102,700       1,218,093  

Japan Airlines Co. Ltd.

     142,400       2,736,325  

Japan Airport Terminal Co. Ltd.

     49,300       1,957,847  

Japan Aviation Electronics Industry Ltd.

     73,100       1,256,778  

Japan Display Inc.(a)(b)

     1,218,200       164,505  

Japan Elevator Service Holdings Co. Ltd.

     155,800       2,354,370  

Japan Excellent Inc.

     2,042       1,688,309  

Japan Exchange Group Inc.

     621,500       13,754,852  

Japan Hotel REIT Investment Corp.

     5,151       2,647,091  

Japan Lifeline Co. Ltd.

     106,300       948,533  

Japan Logistics Fund Inc.

     997       1,843,475  

Japan Material Co. Ltd.

     142,800       2,413,005  

Japan Metropolitan Fund Invest

     8,098       5,497,271  

Japan Petroleum Exploration Co. Ltd.

     47,800       1,944,402  

Japan Post Bank Co. Ltd.

     1,660,600       17,269,984  

Japan Post Holdings Co. Ltd.

     2,419,900       23,164,932  

Japan Post Insurance Co. Ltd.

     221,700       4,150,641  

Japan Prime Realty Investment Corp.

     788       1,886,720  

Japan Real Estate Investment Corp.

     1,257       4,818,760  

Japan Securities Finance Co. Ltd.

     224,600       2,380,275  

Japan Steel Works Ltd. (The)

     103,600       1,705,047  

Japan Tobacco Inc.

     1,350,800       35,603,554  

JCR Pharmaceuticals Co. Ltd.

     126,700       933,553  

Jeol Ltd.

     50,200       2,294,836  

JFE Holdings Inc.

     695,100       10,974,807  

JGC Holdings Corp.

     235,900       2,763,205  

JINS Holdings Inc.

     17,600       496,223  

JMDC Inc.

     32,100       849,445  

JSR Corp.

     207,300       5,654,037  

JTEKT Corp.

     360,200       3,295,772  

Juroku Financial Group Inc.

     57,400       1,609,292  

Justsystems Corp.

     56,900       1,188,863  

Kadokawa Corp.

     147,736       3,125,711  

Kagome Co. Ltd.

     114,900       2,828,849  

Kajima Corp.

     488,800       8,723,543  

Kakaku.com Inc.

     131,800       1,499,265  

Kaken Pharmaceutical Co. Ltd.

     65,000       1,535,086  

Kamigumi Co. Ltd.

     89,400       2,056,716  
Security   Shares     Value  
Japan (continued)            

Kanamoto Co. Ltd.

     75,100     $ 1,434,482  

Kandenko Co. Ltd.

     131,200       1,349,266  

Kaneka Corp.

     65,700       1,597,655  

Kanematsu Corp.

     132,800       2,058,972  

Kansai Electric Power Co. Inc. (The)

     796,900       10,871,419  

Kansai Paint Co. Ltd.

     193,900       3,241,972  

Kao Corp.

     535,100       21,172,602  

Katitas Co. Ltd.

     76,000       944,877  

Kawasaki Heavy Industries Ltd.

     154,000       3,486,540  

Kawasaki Kisen Kaisha Ltd.

     174,200       8,487,683  

KDDI Corp.

     1,745,900        57,850,459  

KDX Realty Investment Corp.

     5,730       6,215,570  

Keihan Holdings Co. Ltd.

     92,900       2,265,748  

Keikyu Corp.

     191,100       1,669,147  

Keio Corp.(a)

     103,700       3,034,295  

Keisei Electric Railway Co. Ltd.

     150,900       6,828,204  

Keiyo Bank Ltd. (The)

     226,400       1,108,285  

Kewpie Corp.

     176,700       3,144,624  

Keyence Corp.

     224,400       100,396,083  

KH Neochem Co. Ltd.

     69,700       1,086,181  

Kikkoman Corp.

     156,800       9,647,625  

Kinden Corp.

     99,100       1,651,456  

Kintetsu Group Holdings Co. Ltd.

     214,100       6,606,581  

Kirin Holdings Co. Ltd.

     854,500       12,282,546  

Kisoji Co. Ltd.

     114,200       2,071,071  

Kissei Pharmaceutical Co. Ltd.

     89,500       1,911,089  

Kiyo Bank Ltd. (The)

     88,300       995,216  

Kobayashi Pharmaceutical Co. Ltd.

     45,800       2,066,979  

Kobe Bussan Co. Ltd.

     159,800       4,083,322  

Kobe Steel Ltd.

     430,700       5,947,055  

Koei Tecmo Holdings Co. Ltd.

     135,260       1,684,820  

Koito Manufacturing Co. Ltd.

     177,200       2,712,806  

Kokuyo Co. Ltd.

     167,000       2,689,451  

Komatsu Ltd.

     1,054,000       29,986,248  

KOMEDA Holdings Co. Ltd.

     137,400       2,633,582  

Komeri Co. Ltd.

     48,800       1,093,443  

Konami Group Corp.

     102,400       6,297,415  

Konica Minolta Inc.(b)

     567,800       1,558,162  

Kose Corp.

     34,300       2,243,997  

Koshidaka Holdings Co. Ltd.

     153,400       977,246  

Kotobuki Spirits Co. Ltd.

     188,000       2,529,470  

K’s Holdings Corp.

     184,800       1,679,495  

Kubota Corp.

     1,145,800       17,344,506  

Kumagai Gumi Co. Ltd.

     45,100       1,173,774  

Kumiai Chemical Industry Co. Ltd.

     189,800       1,088,371  

Kura Sushi Inc.

     56,800       1,522,033  

Kuraray Co. Ltd.

     245,900       2,579,925  

Kureha Corp.

     111,900       2,142,013  

Kurita Water Industries Ltd.

     106,300       3,882,182  

Kusuri no Aoki Holdings Co. Ltd.

     78,300       1,690,477  

KYB Corp.

     35,700       1,237,845  

Kyocera Corp.

     1,491,000       21,828,344  

Kyorin Pharmaceutical Co. Ltd.

     128,700       1,554,916  

Kyoritsu Maintenance Co. Ltd.

     41,200       1,692,959  

Kyoto Financial Group Inc.

     262,800       4,367,594  

Kyowa Kirin Co. Ltd.

     269,500       4,245,155  

Kyudenko Corp.

     52,600       2,000,800  

Kyushu Electric Power Co. Inc.(b)

     387,000       2,898,288  

Kyushu Financial Group Inc.

     595,200       3,787,613  

Kyushu Railway Co.

     192,500       4,231,149  

LaSalle Logiport REIT

     2,237       2,265,297  

Lasertec Corp.

     88,300       22,995,880  

 

 

102  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Lawson Inc.

     41,500     $ 2,375,381  

Leopalace21 Corp.(a)(b)

     325,500       910,499  

Lintec Corp.

     100,200       1,897,667  

Lion Corp.

     166,100       1,480,635  

Lixil Corp.

     287,700       3,844,526  

LY Corp.

     3,012,600       9,372,296  

M&A Capital Partners Co. Ltd.

     35,400       545,200  

M3 Inc.

     506,400       7,990,991  

Mabuchi Motor Co. Ltd.

     139,000       2,409,191  

Macnica Holdings Inc.

     58,900       3,116,745  

Makino Milling Machine Co. Ltd.

     39,900       1,616,140  

Makita Corp.

     243,700       6,559,183  

Management Solutions Co. Ltd.(a)

     30,800       623,348  

Mandom Corp.

     50,500       439,620  

Mani Inc.

     124,800       1,733,750  

Marubeni Corp.

     1,712,000        29,201,007  

Maruha Nichiro Corp.

     85,300       1,687,757  

Marui Group Co. Ltd.

     166,800       2,758,065  

Maruichi Steel Tube Ltd.

     80,200       2,043,459  

Maruwa Co. Ltd./Aichi

     19,700       3,941,690  

Matsui Securities Co. Ltd.

     356,000       2,000,017  

MatsukiyoCocokara & Co.

     373,890       6,796,113  

Maxell Ltd.

     121,000       1,330,825  

Mazda Motor Corp.

     597,100       7,238,909  

McDonald’s Holdings Co. Japan Ltd.(a)

     77,000       3,428,384  

MCJ Co. Ltd.

     163,500       1,371,013  

Mebuki Financial Group Inc.

     1,114,350       3,335,468  

Medipal Holdings Corp.

     152,800       2,438,838  

Medley Inc.(a)(b)

     42,600       1,335,678  

Megachips Corp.

     59,400       1,917,937  

Megmilk Snow Brand Co. Ltd.

     61,200       959,818  

Meidensha Corp.

     68,900       1,235,055  

MEIJI Holdings Co. Ltd.

     271,300       6,561,284  

Meiko Electronics Co. Ltd.

     60,300       1,642,436  

MEITEC Group Holdings Inc.

     163,200       3,228,640  

Menicon Co. Ltd.

     109,600       1,591,616  

Mercari Inc.(a)(b)

     129,000       2,132,866  

Milbon Co. Ltd.

     62,400       1,491,211  

MINEBEA MITSUMI Inc.

     379,272       7,839,630  

Mirai Corp.

     5,887       1,800,102  

MIRAIT ONE corp.

     166,700       2,202,431  

MISUMI Group Inc.

     310,500       5,323,489  

Mitsubishi Chemical Group Corp.

     1,485,200       8,955,370  

Mitsubishi Corp.

     4,037,100       69,579,185  

Mitsubishi Electric Corp.

     2,230,800       33,105,739  

Mitsubishi Estate Co. Ltd.

     1,242,400       17,214,587  

Mitsubishi Estate Logistics REIT Investment Corp.

     678       1,698,668  

Mitsubishi Gas Chemical Co. Inc.

     122,800       2,005,432  

Mitsubishi HC Capital Inc.

     926,490       6,569,225  

Mitsubishi Heavy Industries Ltd.

     364,600       24,320,085  

Mitsubishi Logistics Corp.

     79,600       2,458,775  

Mitsubishi Materials Corp.

     99,800       1,827,087  

Mitsubishi Motors Corp.

     779,900       2,457,516  

Mitsubishi Pencil Co. Ltd.

     64,500       877,076  

Mitsubishi UFJ Financial Group Inc.

     13,208,700       123,719,901  

Mitsui & Co. Ltd.

     1,506,000       61,079,181  

Mitsui Chemicals Inc.

     164,500       4,841,278  

Mitsui Fudosan Co. Ltd.

     1,046,500       26,271,092  

Mitsui Fudosan Logistics Park Inc.

     937       2,809,060  

Mitsui High-Tec Inc.

     34,900       1,610,863  

Mitsui Mining & Smelting Co. Ltd.

     104,600       3,233,739  
Security   Shares     Value  
Japan (continued)            

Mitsui OSK Lines Ltd.

     392,100     $ 14,084,414  

Miura Co. Ltd.

     94,100       1,719,545  

Mixi Inc.

     60,000       1,029,177  

Mizuho Financial Group Inc.

     2,809,050       51,016,729  

Mizuho Leasing Co. Ltd.

     53,100       1,924,384  

Mochida Pharmaceutical Co. Ltd.

     68,200       1,541,915  

Monex Group Inc.

     250,300       1,302,622  

Money Forward Inc.(b)

     62,300       2,431,694  

MonotaRO Co. Ltd.

     270,400       2,546,685  

Mori Hills REIT Investment Corp.

     1,634       1,520,696  

Mori Trust REIT Inc.

     2,980       1,513,323  

Morinaga & Co. Ltd./Japan

     166,400       3,175,885  

Morinaga Milk Industry Co. Ltd.

     87,000       1,781,630  

MOS Food Services Inc.

     78,900       1,835,067  

MS&AD Insurance Group Holdings Inc.

     496,200       20,490,448  

Murata Manufacturing Co. Ltd.

     1,975,000       39,879,440  

Musashi Seimitsu Industry Co. Ltd.

     114,200       1,296,210  

Musashino Bank Ltd. (The)

     58,000       1,092,704  

Nabtesco Corp.

     97,700       1,877,883  

Nachi-Fujikoshi Corp.

     21,300       496,734  

Nagase & Co. Ltd.

     151,000       2,468,951  

Nagoya Railroad Co. Ltd.

     283,200       4,366,353  

Nakanishi Inc.

     125,300       2,050,641  

Nankai Electric Railway Co. Ltd.

     81,400       1,587,297  

Nanto Bank Ltd. (The)

     47,600       860,995  

NEC Corp.

     277,500        18,133,155  

NEC Networks & System Integration Corp.

     126,900       2,049,336  

NET One Systems Co. Ltd.

     89,400       1,453,563  

Nexon Co. Ltd.

     391,600       6,249,554  

Nextage Co. Ltd.(a)

     82,000       1,235,468  

NGK Insulators Ltd.

     220,500       2,754,648  

NH Foods Ltd.

     56,100       1,921,211  

NHK Spring Co. Ltd.

     225,300       1,860,002  

Nichias Corp.

     112,300       2,624,952  

Nichiha Corp.

     54,400       1,092,860  

Nichirei Corp.

     86,800       2,096,453  

Nidec Corp.

     489,700       18,264,251  

Nifco Inc./Japan

     78,500       2,037,134  

Nihon Kohden Corp.

     85,800       2,614,917  

Nihon M&A Center Holdings Inc.

     538,400       3,236,258  

Nihon Parkerizing Co. Ltd.

     145,000       1,151,725  

Nikkon Holdings Co. Ltd.

     95,100       2,042,999  

Nikon Corp.

     320,800       3,273,935  

Nintendo Co. Ltd.

     1,193,900       66,704,254  

Nippn Corp., New

     182,900       2,807,887  

Nippon Accommodations Fund Inc.

     396       1,648,600  

Nippon Building Fund Inc.

     1,615       6,534,466  

Nippon Carbon Co. Ltd.

     55,800       1,695,533  

Nippon Electric Glass Co. Ltd.

     151,700       3,372,125  

Nippon Express Holdings Inc.

     74,900       4,458,147  

Nippon Gas Co. Ltd.

     165,800       2,568,350  

Nippon Kayaku Co. Ltd.

     229,500       2,048,816  

Nippon Light Metal Holdings Co. Ltd.

     93,090       1,147,042  

Nippon Paint Holdings Co. Ltd.

     1,051,100       8,278,804  

Nippon Paper Industries Co. Ltd.(b)

     125,500       1,163,284  

Nippon Prologis REIT Inc.

     2,343       4,168,669  

NIPPON REIT Investment Corp.

     822       1,903,382  

Nippon Sanso Holdings Corp.

     202,600       5,133,743  

Nippon Shinyaku Co. Ltd.

     41,700       1,473,176  

Nippon Shokubai Co. Ltd.

     38,300       1,440,849  

Nippon Soda Co. Ltd.

     54,000       2,084,495  

Nippon Steel Corp.

     987,017       23,752,226  

 

 

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

   103

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Nippon Telegraph & Telephone Corp.

     34,237,700     $ 42,994,134  

Nippon Yusen KK

     555,100        19,129,223  

Nipro Corp.

     174,100       1,402,051  

Nishimatsu Construction Co. Ltd.

     68,500       1,882,997  

Nishimatsuya Chain Co. Ltd.

     106,600       1,539,589  

Nishi-Nippon Financial Holdings Inc.

     191,100       2,200,350  

Nishi-Nippon Railroad Co. Ltd.

     85,800       1,426,166  

Nishio Holdings Co. Ltd.

     53,800       1,473,680  

Nissan Chemical Corp.

     138,600       5,527,757  

Nissan Motor Co. Ltd.

     2,505,100       9,834,584  

Nissan Shatai Co. Ltd.

     68,900       454,619  

Nissha Co. Ltd.

     71,700       795,386  

Nisshin Oillio Group Ltd. (The)

     56,000       1,710,668  

Nisshin Seifun Group Inc.

     192,400       2,683,823  

Nisshinbo Holdings Inc.

     229,800       1,896,628  

Nissin Foods Holdings Co. Ltd.

     202,500       6,551,153  

Nissui Corp.

     530,100       2,896,436  

Niterra Co. Ltd.

     158,100       4,257,412  

Nitori Holdings Co. Ltd.

     92,400       12,093,470  

Nitto Boseki Co. Ltd.

     45,900       1,567,372  

Nitto Denko Corp.

     164,900       13,679,748  

Nitto Kogyo Corp.

     62,000       1,687,189  

Noevir Holdings Co. Ltd.

     59,400       2,111,713  

NOF Corp.

     68,400       3,089,199  

Nojima Corp.

     115,800       1,459,434  

NOK Corp.

     96,300       1,275,539  

Nomura Co. Ltd.

     132,200       781,371  

Nomura Holdings Inc.

     3,263,200       17,576,070  

Nomura Real Estate Holdings Inc.

     84,300       2,306,929  

Nomura Real Estate Master Fund Inc.

     4,575       5,006,263  

Nomura Research Institute Ltd.

     421,520       12,891,566  

Noritz Corp.

     72,800       766,871  

North Pacific Bank Ltd.

     683,400       1,742,724  

NS Solutions Corp.

     60,600       2,021,186  

NSD Co. Ltd.

     147,000       2,758,594  

NSK Ltd.

     259,200       1,413,060  

NTN Corp.

     564,800       1,032,883  

NTT Data Group Corp.

     702,000       10,111,345  

NTT UD REIT Investment Corp.

     2,863       2,431,163  

Obayashi Corp.

     690,400       6,390,714  

Obic Co. Ltd.

     78,800       12,104,432  

Odakyu Electric Railway Co. Ltd.

     345,800       5,283,994  

Ogaki Kyoritsu Bank Ltd. (The)

     78,300       1,048,278  

Ohsho Food Service Corp.

     42,400       2,344,207  

Oiles Corp.

     102,500       1,482,757  

Oisix ra daichi Inc.(a)(b)

     51,900       490,913  

Oji Holdings Corp.

     768,000       3,002,750  

Okamoto Industries Inc.

     28,800       975,860  

Okamura Corp.

     148,400       2,224,094  

Okasan Securities Group Inc.

     319,200       1,562,238  

Oki Electric Industry Co. Ltd.

     157,400       1,105,935  

Okinawa Electric Power Co. Inc. (The)

     84,532       669,924  

OKUMA Corp.

     27,600       1,241,837  

Okumura Corp.

     53,800       1,881,352  

Olympus Corp.

     1,402,700       20,765,097  

Omron Corp.

     217,500       9,779,942  

One REIT Inc.

     859       1,579,689  

Ono Pharmaceutical Co. Ltd.

     437,600       7,887,358  

Open House Group Co. Ltd.

     82,800       2,589,331  

Optex Group Co. Ltd.

     89,200       1,107,780  

Optorun Co. Ltd.

     70,300       812,321  

Oracle Corp. Japan

     35,500       2,797,724  
Security   Shares     Value  
Japan (continued)            

Organo Corp.

     41,700     $ 1,722,340  

Orient Corp.

     119,780       903,855  

Oriental Land Co. Ltd./Japan

     1,242,300        46,139,109  

ORIX Corp.

     1,315,200       25,395,546  

Orix JREIT Inc.

     2,556       2,956,549  

Osaka Gas Co. Ltd.

     400,900       8,441,692  

OSAKA Titanium Technologies Co. Ltd.(a)

     39,800       752,870  

OSG Corp.

     118,900       1,618,029  

Otsuka Corp.

     107,500       4,523,360  

Otsuka Holdings Co. Ltd.

     452,900       17,802,738  

Outsourcing Inc.(b)

     179,600       2,096,904  

PALTAC Corp.

     28,800       876,828  

Pan Pacific International Holdings Corp.

     419,100       9,059,468  

Panasonic Holdings Corp.

     2,541,600       23,938,763  

Paramount Bed Holdings Co. Ltd.

     90,300       1,630,918  

Park24 Co. Ltd.(b)

     200,300       2,617,276  

Penta-Ocean Construction Co. Ltd.

     341,300       1,828,675  

PeptiDream Inc.(b)

     142,200       1,246,169  

Persol Holdings Co. Ltd.

     1,758,400       2,795,348  

Pigeon Corp.

     146,200       1,597,775  

Pilot Corp.

     49,700       1,387,913  

PKSHA Technology Inc.(a)(b)

     59,000       1,543,595  

Pola Orbis Holdings Inc.

     106,500       1,101,742  

Prestige International Inc.

     214,200       879,540  

Raito Kogyo Co. Ltd.

     95,200       1,330,809  

Raksul Inc.(b)

     95,000       737,209  

Rakus Co. Ltd.

     112,300       1,845,776  

Rakuten Group Inc.(a)(b)

     1,676,100       7,362,701  

Recruit Holdings Co. Ltd.

     1,672,300       66,053,701  

Relo Group Inc.

     121,300       1,217,577  

Renesas Electronics Corp.(b)

     1,708,400       28,030,704  

Rengo Co. Ltd.

     213,700       1,385,857  

RENOVA Inc.(b)

     154,200       1,324,816  

Resona Holdings Inc.

     2,419,200       13,354,610  

Resonac Holdings Corp.

     169,500       3,380,082  

Resorttrust Inc.

     114,500       1,990,420  

Ricoh Co. Ltd.

     648,500       5,097,206  

Ricoh Leasing Co. Ltd.

     31,000       1,064,133  

Rinnai Corp.

     110,400       2,501,203  

Riso Kyoiku Co. Ltd.

     359,500       593,252  

Rohm Co. Ltd.

     361,200       6,234,036  

Rohto Pharmaceutical Co. Ltd.

     195,600       4,002,294  

Rorze Corp.

     21,000       2,332,418  

Round One Corp.

     332,300       1,471,768  

Royal Holdings Co. Ltd.

     64,300       1,131,634  

Ryohin Keikaku Co. Ltd.

     282,800       4,397,299  

Ryosan Co. Ltd.

     31,300       1,031,323  

Saizeriya Co. Ltd.

     52,300       1,795,422  

Sakai Moving Service Co. Ltd.

     50,000       950,374  

Sakata Seed Corp.

     98,100       2,442,942  

SAMTY Co. Ltd.

     127,000       2,163,904  

Sangetsu Corp.

     154,300       3,398,666  

San-In Godo Bank Ltd. (The)

     195,500       1,378,679  

Sanken Electric Co. Ltd.

     40,800       1,874,481  

Sankyo Co. Ltd.

     51,800       3,168,428  

Sankyu Inc.

     56,700       2,119,574  

Sanrio Co. Ltd.

     77,100       3,219,479  

Sansan Inc.(b)

     92,600       862,034  

Santen Pharmaceutical Co. Ltd.

     312,300       3,154,955  

Sanwa Holdings Corp.

     200,300       3,061,421  

Sapporo Holdings Ltd.

     114,700       5,303,592  

Sato Holdings Corp.

     52,700       774,858  

 

 

104  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Sawai Group Holdings Co. Ltd.

     45,000     $ 1,703,250  

SBI Holdings Inc.

     275,600       6,770,295  

SCREEN Holdings Co. Ltd.

     92,100       9,031,257  

SCSK Corp.

     119,700       2,350,263  

Secom Co. Ltd.

     227,300        16,497,509  

Sega Sammy Holdings Inc.

     162,500       2,391,610  

Seibu Holdings Inc.

     231,600       3,273,069  

Seiko Epson Corp.

     275,900       4,027,425  

Seiko Group Corp.

     43,900       783,180  

Seino Holdings Co. Ltd.

     160,500       2,343,916  

Seiren Co. Ltd.(a)

     89,200       1,497,098  

Sekisui Chemical Co. Ltd.

     388,700       5,549,679  

Sekisui House Ltd.

     650,000       14,673,226  

Sekisui House REIT Inc.

     6,154       3,273,241  

Seria Co. Ltd.

     95,900       1,757,386  

Seven & i Holdings Co. Ltd.

     883,400       34,889,721  

Seven Bank Ltd.

     1,094,000       2,290,095  

SG Holdings Co. Ltd.

     325,200       4,211,373  

Sharp Corp./Japan(b)

     346,400       2,329,299  

Shibaura Machine Co. Ltd.

     52,700       1,277,708  

SHIFT Inc.(a)(b)

     16,300       2,938,455  

Shiga Bank Ltd. (The)

     66,400       1,650,979  

Shikoku Electric Power Co. Inc.

     243,700       1,723,152  

Shima Seiki Manufacturing Ltd.

     65,300       664,074  

Shimadzu Corp.

     256,600       7,095,495  

Shimamura Co. Ltd.

     21,700       2,380,674  

Shimano Inc.

     88,300       12,677,699  

Shimizu Corp.

     450,900       3,018,381  

Shin-Etsu Chemical Co. Ltd.

     2,116,600       83,313,992  

Shinko Electric Industries Co. Ltd.

     79,600       2,942,982  

Shinmaywa Industries Ltd.

     117,900       978,691  

Shionogi & Co. Ltd.

     296,000       14,206,938  

Ship Healthcare Holdings Inc.

     121,500       1,843,988  

Shiseido Co. Ltd.

     457,300       12,748,009  

Shizuoka Financial Group Inc., NVS

     417,500       3,815,952  

SHO-BOND Holdings Co. Ltd.

     84,800       3,777,037  

Shochiku Co. Ltd.

     14,700       1,008,938  

Shoei Foods Corp.

     46,800       1,421,154  

SKY Perfect JSAT Holdings Inc.

     261,900       1,378,209  

Skylark Holdings Co. Ltd.

     231,600       3,778,358  

SMC Corp.

     66,100       36,794,201  

SMS Co. Ltd.

     95,400       1,722,935  

Snow Peak Inc.(a)

     152,400       919,886  

Socionext Inc.

     191,500       4,388,812  

SoftBank Corp.

     3,293,700       43,759,581  

SoftBank Group Corp.

     1,187,200       51,252,139  

Sohgo Security Services Co. Ltd.

     235,000       1,282,862  

Sojitz Corp.

     234,620       5,537,363  

Sompo Holdings Inc.

     336,300       17,437,639  

Sony Group Corp.

     1,457,800       142,963,979  

Sosei Group Corp.(b)

     129,600       1,258,008  

Sotetsu Holdings Inc.

     141,700       2,597,095  

Square Enix Holdings Co. Ltd.

     83,000       3,243,327  

Stanley Electric Co. Ltd.

     108,300       2,068,584  

Star Micronics Co. Ltd.

     123,000       1,467,904  

Subaru Corp.(a)

     669,200       13,350,077  

Sugi Holdings Co. Ltd.

     36,500       1,743,957  

SUMCO Corp.

     355,300       5,386,497  

Sumitomo Bakelite Co. Ltd.

     68,700       3,414,220  

Sumitomo Chemical Co. Ltd.

     1,590,200       3,744,254  

Sumitomo Corp.

     1,250,400       28,756,495  

Sumitomo Electric Industries Ltd.

     745,800       9,912,876  
Security   Shares     Value  
Japan (continued)            

Sumitomo Forestry Co. Ltd.

     174,300     $ 5,123,588  

Sumitomo Heavy Industries Ltd.

     83,300       2,161,176  

Sumitomo Metal Mining Co. Ltd.

     270,700       7,481,789  

Sumitomo Mitsui Construction Co. Ltd.

     364,980       1,023,691  

Sumitomo Mitsui Financial Group Inc.

     1,467,100        76,308,783  

Sumitomo Mitsui Trust Holdings Inc.

     799,900       16,392,556  

Sumitomo Osaka Cement Co. Ltd.

     53,700       1,352,825  

Sumitomo Pharma Co. Ltd.

     200,600       588,856  

Sumitomo Realty & Development Co. Ltd.

     305,600       9,610,855  

Sumitomo Rubber Industries Ltd.

     296,100       3,430,163  

Sumitomo Warehouse Co. Ltd. (The)

     135,700       2,440,459  

Sundrug Co. Ltd.

     52,500       1,583,413  

Suntory Beverage & Food Ltd.

     147,200       4,802,366  

Suruga Bank Ltd.

     248,000       1,445,275  

Suzuken Co. Ltd.

     57,200       1,775,544  

Suzuki Motor Corp.

     420,900       18,906,263  

Sysmex Corp.

     200,400       10,856,126  

Systena Corp.

     459,500       928,781  

T Hasegawa Co. Ltd.

     85,100       1,909,690  

T&D Holdings Inc.

     594,900       9,850,797  

Tadano Ltd.

     133,200       1,084,313  

Taiheiyo Cement Corp.

     78,600       1,617,769  

Taikisha Ltd.

     38,200       1,139,003  

Taisei Corp.

     194,500       7,091,195  

Taisho Pharmaceutical Holdings Co. Ltd.

     19,700       1,146,412  

Taiyo Holdings Co. Ltd.

     114,300       2,518,463  

Taiyo Yuden Co. Ltd.

     118,900       2,872,118  

Takara Bio Inc.

     156,100       1,326,976  

Takara Holdings Inc.

     334,200       2,827,475  

Takasago Thermal Engineering Co. Ltd.

     94,600       2,185,848  

Takashimaya Co. Ltd.

     206,300       2,874,015  

Takeda Pharmaceutical Co. Ltd.

     1,812,583       53,272,683  

Takeuchi Manufacturing Co. Ltd.

     73,400       2,509,380  

Takuma Co. Ltd.

     121,900       1,434,311  

Tamron Co. Ltd.

     58,700       2,224,264  

TDK Corp.

     438,800       21,832,411  

TechnoPro Holdings Inc.

     109,900       2,533,724  

Teijin Ltd.

     204,300       1,879,434  

Terumo Corp.

     770,600       26,086,313  

THK Co. Ltd.

     101,200       1,945,735  

TIS Inc.

     237,800       5,289,109  

Toagosei Co. Ltd.

     168,400       1,611,878  

Tobu Railway Co. Ltd.

     204,200       5,407,881  

Toda Corp.

     274,000       1,727,576  

Toei Animation Co. Ltd.

     10,300       1,378,102  

Toei Co. Ltd.

     12,400       1,740,256  

Toho Bank Ltd. (The)

     515,300       1,092,814  

Toho Co. Ltd./Tokyo

     100,800       3,283,534  

Toho Gas Co. Ltd.

     92,300       1,854,297  

Toho Holdings Co. Ltd.

     89,200       1,931,937  

Toho Titanium Co. Ltd.(a)

     49,200       654,433  

Tohoku Electric Power Co. Inc.

     441,800       2,949,368  

Tokai Carbon Co. Ltd.

     247,900       1,743,448  

Tokai Rika Co. Ltd.

     71,800       1,135,951  

Tokai Tokyo Financial Holdings Inc.

     789,700       3,046,294  

Tokio Marine Holdings Inc.

     2,066,400       54,485,640  

Tokuyama Corp.

     73,500       1,178,136  

Tokyo Century Corp.

     154,400       1,715,597  

Tokyo Electric Power Co. Holdings Inc.(b)

     1,787,200       9,515,326  

Tokyo Electron Ltd.

     549,400       101,953,487  

Tokyo Gas Co. Ltd.

     425,900       9,783,716  

Tokyo Kiraboshi Financial Group Inc.

     22,100       646,455  

 

 

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

   105

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

Tokyo Ohka Kogyo Co. Ltd.

     129,000     $ 2,946,424  

Tokyo Seimitsu Co. Ltd.

     55,500       3,594,940  

Tokyo Steel Manufacturing Co. Ltd.

     150,300       1,815,339  

Tokyo Tatemono Co. Ltd.

     168,600       2,598,450  

Tokyotokeiba Co. Ltd.

     28,500       892,590  

Tokyu Construction Co. Ltd.

     179,800       1,000,843  

Tokyu Corp.

     540,100       6,337,684  

Tokyu Fudosan Holdings Corp.

     519,200       3,472,187  

Tokyu REIT Inc.

     1,919       2,237,735  

TOMONY Holdings Inc.(a)

     271,900       748,705  

Tomy Co. Ltd.

     194,100       3,184,524  

Topcon Corp.

     182,300       2,094,379  

TOPPAN Holdings Inc.

     274,700       7,571,951  

Toray Industries Inc.

     1,430,300       7,146,391  

Toridoll Holdings Corp.

     89,100       2,727,812  

Toshiba TEC Corp.

     49,200       1,020,683  

Tosoh Corp.

     225,700       2,910,320  

Totetsu Kogyo Co. Ltd.

     53,600       1,100,571  

TOTO Ltd.

     138,700       3,753,953  

Towa Corp.

     30,900       1,594,133  

Towa Pharmaceutical Co. Ltd.

     74,400       1,301,955  

Toyo Seikan Group Holdings Ltd.

     168,400       2,674,947  

Toyo Suisan Kaisha Ltd.

     99,400       5,175,904  

Toyo Tire Corp.

     147,000       2,434,071  

Toyobo Co. Ltd.

     119,800       899,151  

Toyoda Gosei Co. Ltd.

     102,500       1,979,115  

Toyota Boshoku Corp.

     84,300       1,389,038  

Toyota Industries Corp.

     165,500       13,997,841  

Toyota Motor Corp.

     12,321,400        246,031,435  

Toyota Tsusho Corp.

     234,400       15,360,566  

Trend Micro Inc./Japan(b)

     142,900       8,175,218  

Tri Chemical Laboratories Inc.

     84,800       2,091,221  

Trusco Nakayama Corp.

     70,000       1,195,907  

TS Tech Co. Ltd.

     124,100       1,571,968  

Tsubakimoto Chain Co.

     45,100       1,304,312  

Tsuburaya Fields Holdings Inc.

     82,200       1,012,749  

Tsumura & Co.

     95,600       1,729,614  

Tsuruha Holdings Inc.

     41,500       3,284,087  

UACJ Corp.

     45,300       1,251,244  

UBE Corp.

     104,200       1,732,378  

Ulvac Inc.

     66,700       3,264,527  

Unicharm Corp.

     454,400       15,635,163  

United Arrows Ltd.

     45,500       596,691  

United Urban Investment Corp.

     2,853       2,888,738  

Universal Entertainment Corp.

     39,100       565,499  

Ushio Inc.

     172,000       2,409,591  

USS Co. Ltd.

     217,000       4,103,775  

UT Group Co. Ltd.(b)

     51,200       820,325  

Valor Holdings Co. Ltd.

     53,200       908,908  

Vector Inc.

     110,900       890,574  

Vision Inc./Tokyo Japan(a)(b)

     129,500       1,027,963  

Visional Inc.(a)(b)

     38,800       2,428,365  

Wacom Co. Ltd.

     348,300       1,605,080  

Welcia Holdings Co. Ltd.

     139,200       2,348,141  

West Holdings Corp.

     48,800       1,122,459  

West Japan Railway Co.

     229,100       9,541,904  

W-Scope Corp.(a)(b)

     92,000       475,278  

Yakult Honsha Co. Ltd.

     295,200       6,447,636  

Yamada Holdings Co. Ltd.

     662,400       2,023,353  

Yamaguchi Financial Group Inc.

     286,000       2,718,449  

Yamaha Corp.

     144,800       3,184,233  

Yamaha Motor Co. Ltd.

     1,051,500       9,938,511  
Security   Shares     Value  
Japan (continued)            

Yamato Holdings Co. Ltd.

     284,900     $ 4,924,902  

Yamato Kogyo Co. Ltd.

     59,100       3,271,409  

Yamazaki Baking Co. Ltd.

     161,500       3,829,542  

Yaoko Co. Ltd.

     38,400       2,215,597  

Yaskawa Electric Corp.

     284,300       10,714,214  

Yokogawa Electric Corp.

     236,500       4,647,390  

Yokohama Rubber Co. Ltd. (The)

     125,500       2,970,294  

Yoshinoya Holdings Co. Ltd.

     130,300       2,905,733  

Zenkoku Hosho Co. Ltd.

     52,800       1,964,868  

Zenrin Co. Ltd.

     35,700       214,704  

Zensho Holdings Co. Ltd.

     113,800       5,572,639  

Zeon Corp.

     154,900       1,405,318  

Zojirushi Corp.

     105,100       1,017,169  

ZOZO Inc.

     134,700       2,949,459  
   

 

 

  
       5,342,835,395  
Kazakhstan — 0.0%            

Polymetal International PLC(b)(d)

     318,811       35  
   

 

 

  
Kuwait — 0.2%            

Agility Public Warehousing Co. KSC(b)

     1,826,931       3,437,720  

Boubyan Bank KSCP

     2,289,883       4,564,039  

Boubyan Petrochemicals Co. KSCP

     768,125       1,485,511  

Gulf Bank KSCP

     3,950,396       3,718,151  

Humansoft Holding Co. KSC

     142,143       1,586,917  

Kuwait Finance House KSCP

     10,159,796       25,465,570  

Mabanee Co. KPSC

     1,009,207       2,527,120  

Mobile Telecommunications Co. KSCP

     2,774,498       4,741,847  

National Bank of Kuwait SAKP

     8,863,378       28,221,197  

National Industries Group Holding SAK

     3,101,549       2,403,675  
   

 

 

  
      78,151,747  
Malaysia — 0.4%            

AFFIN Bank Bhd

     373,000       207,276  

Alliance Bank Malaysia Bhd

     1,765,400       1,279,639  

AMMB Holdings Bhd

     2,489,100       2,228,493  

Axiata Group Bhd

     3,305,200       1,904,335  

British American Tobacco Malaysia Bhd(a)

     181,000       347,459  

Bursa Malaysia Bhd

     1,160,100       1,838,402  

Carlsberg Brewery Malaysia Bhd

     222,900       906,680  

CELCOMDIGI Bhd

     3,865,900       3,463,331  

CIMB Group Holdings Bhd

     7,476,600       9,847,752  

Dialog Group Bhd

     5,095,878       1,970,770  

Fraser & Neave Holdings Bhd

     174,600       1,022,499  

Gamuda Bhd(a)

     2,671,000       2,851,702  

Gas Malaysia Bhd

     141,200       97,538  

Genting Bhd

     2,282,800       2,274,151  

Genting Malaysia Bhd

     3,463,400       1,973,389  

Hartalega Holdings Bhd(b)

     2,108,300       1,220,220  

Hibiscus Petroleum Bhd

     1,331,480       744,228  

Hong Leong Bank Bhd

     622,300       2,525,548  

IHH Healthcare Bhd

     2,828,700       3,649,586  

IJM Corp. Bhd

     3,885,300       1,834,548  

Inari Amertron Bhd

     4,001,600       2,678,800  

IOI Corp. Bhd

     2,318,900       1,955,183  

Kossan Rubber Industries Bhd(a)

     1,709,500       740,904  

KPJ Healthcare Bhd

     7,465,300       2,540,077  

Kuala Lumpur Kepong Bhd(a)

     450,900       2,114,532  

Malayan Banking Bhd

     6,293,100       12,309,289  

Malaysia Airports Holdings Bhd

     1,231,700       2,002,857  

Malaysian Resources Corp. Bhd

     3,320,900       454,715  

Maxis Bhd(a)

     2,673,000       2,147,442  

MISC Bhd

     1,262,300       1,959,374  

MR DIY Group M Bhd(c)

     6,901,350       2,013,502  

 

 

106  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Malaysia (continued)            

My EG Services Bhd

     15,637,500     $ 2,573,175  

Nationgate Holdings Bhd, NVS

     339,000       97,682  

Nestle Malaysia Bhd

     95,100       2,402,632  

Pentamaster Corp. Bhd

     2,126,700       1,810,877  

Petronas Chemicals Group Bhd

     2,981,300       4,261,206  

Petronas Dagangan Bhd

     343,000       1,547,488  

Petronas Gas Bhd

     675,500       2,533,482  

PPB Group Bhd

     943,280       2,883,685  

Press Metal Aluminium Holdings Bhd

     4,335,800       4,339,448  

Public Bank Bhd

     16,216,200       15,032,688  

QL Resources Bhd

     2,109,000       2,599,465  

RHB Bank Bhd

     1,641,798       1,942,238  

Sam Engineering & Equipment M Bhd

     112,700       84,346  

Sime Darby Bhd

     3,429,200       1,759,476  

Sime Darby Plantation Bhd

     2,853,000       2,660,524  

Sime Darby Property Bhd

     6,519,200       1,058,776  

SP Setia Bhd Group(a)

     1,146,300       217,375  

Sunway REIT(a)

     4,132,500       1,380,412  

Supermax Corp. Bhd(a)

     2,489,177       492,047  

Telekom Malaysia Bhd

     1,530,200       1,912,411  

Tenaga Nasional Bhd

     2,820,100       6,391,432  

TIME dotCom Bhd

     1,583,900       1,841,744  

Top Glove Corp. Bhd(b)

     6,480,600       1,272,323  

VS Industry Bhd

     5,546,700       843,931  

Yinson Holdings Bhd

     3,432,240       1,864,875  

YTL Power International Bhd

     2,433,000       2,105,896  
   

 

 

  
       139,013,855  
Mexico — 0.7%            

Alsea SAB de CV(b)

     702,300       2,744,485  

America Movil SAB de CV

     23,135,800       20,902,402  

Arca Continental SAB de CV

     465,400       5,287,954  

Banco del Bajio SA(c)

     792,700       3,015,774  

Bolsa Mexicana de Valores SAB de CV

     668,000       1,353,349  

Cemex SAB de CV, NVS(b)

     19,300,712       16,035,801  

Coca-Cola Femsa SAB de CV

     521,600       4,965,830  

Controladora Vuela Cia. de Aviacion SAB de CV, Class A(a)(b)

     1,301,000       1,040,105  

Corp Inmobiliaria Vesta SAB de CV

     1,085,700       4,128,581  

FIBRA Macquarie Mexico(a)(c)

     1,179,000       2,261,208  

Fibra Uno Administracion SA de CV

     4,056,900       6,896,836  

Fomento Economico Mexicano SAB de CV

     2,277,800       30,892,534  

GCC SAB de CV

     202,900       2,343,226  

Genomma Lab Internacional SAB de CV, Class B

     916,500       751,880  

Gentera SAB de CV

     1,343,800       1,827,752  

Gruma SAB de CV, Class B

     209,430       3,920,538  

Grupo Aeroportuario del Centro Norte SAB de CV, Class B

     327,812       3,001,094  

Grupo Aeroportuario del Pacifico SAB de CV, Class B

     440,400       6,856,182  

Grupo Aeroportuario del Sureste SAB de CV, Class B

     258,255       7,528,355  

Grupo Bimbo SAB de CV, Series A

     1,793,900       8,183,890  

Grupo Carso SAB de CV, Series A1

     571,000       5,353,197  

Grupo Financiero Banorte SAB de CV, Class O

     2,996,000       30,472,635  

Grupo Financiero Inbursa SAB de CV, Class O(b)

     2,606,300       7,700,105  

Grupo Mexico SAB de CV, Series B

     3,705,000       19,117,511  

Grupo Televisa SAB, CPO(a)

     2,725,500       1,643,709  

Industrias Penoles SAB de CV(a)(b)

     210,735       2,771,273  

Kimberly-Clark de Mexico SAB de CV, Class A

     1,763,200       4,019,869  

Nemak SAB de CV(b)(c)

     2,029,177       493,987  

Operadora De Sites Mexicanos SAB de CV

     2,247,355       2,441,713  
Security   Shares     Value  
Mexico (continued)            

Orbia Advance Corp. SAB de CV

     1,179,178     $ 2,351,299  

Prologis Property Mexico SA de CV

     653,932       2,694,907  

Promotora y Operadora de Infraestructura SAB de CV

     310,045       3,050,642  

Qualitas Controladora SAB de CV

     323,800       3,577,857  

Regional SAB de CV

     289,900       2,690,731  

Sitios Latinoamerica SAB de CV(a)(b)

     1,660,965       623,411  

Wal-Mart de Mexico SAB de CV

     6,184,600       25,551,922  
   

 

 

  
       248,492,544  
Netherlands — 3.0%            

Aalberts NV

     126,679       5,037,810  

ABN AMRO Bank NV, CVA(c)

     494,127       7,272,256  

Adyen NV(b)(c)

     25,320       31,756,007  

Aegon Ltd.

     2,031,229       11,983,107  

AerCap Holdings NV(b)

     243,091       18,611,047  

Akzo Nobel NV

     201,034       15,441,918  

Alfen NV(a)(b)(c)

     32,091       1,940,656  

Allfunds Group PLC

     377,758       2,708,220  

AMG Critical Materials NV

     44,126       936,433  

Arcadis NV

     95,881       5,264,005  

ASM International NV

     54,586       30,253,396  

ASML Holding NV

     468,548       406,506,566  

ASR Nederland NV

     170,038       8,013,294  

Basic-Fit NV(a)(b)(c)

     61,261       1,773,790  

BE Semiconductor Industries NV

     92,293       13,869,634  

Brunel International NV

     38,650       429,962  

Corbion NV

     80,130       1,551,666  

Davide Campari-Milano NV

     748,437       7,582,589  

Eurocommercial Properties NV

     80,113       1,794,851  

EXOR NV, NVS

     108,123       10,461,171  

Ferrovial SE

     589,520       22,481,478  

Flow Traders Ltd., NVS

     37,726       677,606  

Fugro NV(b)

     142,014       2,621,981  

Heineken Holding NV

     154,177       12,936,626  

Heineken NV

     334,858       33,685,210  

IMCD NV

     69,985       10,682,561  

ING Groep NV

     4,140,173       58,825,503  

InPost SA(b)

     287,945       4,324,882  

Iveco Group NV(b)

     291,539       3,111,116  

JDE Peet’s NV

     109,156       2,694,556  

Just Eat Takeaway.com NV(a)(b)(c)

     238,718       3,604,491  

Koninklijke Ahold Delhaize NV

     1,098,240       30,885,970  

Koninklijke BAM Groep NV

     493,779       1,363,218  

Koninklijke KPN NV

     3,632,966       12,358,408  

Koninklijke Philips NV(b)

     937,401       19,831,240  

Koninklijke Vopak NV

     86,526       2,702,956  

MFE-MediaForEurope NV, NVS(a)

     89,383       322,921  

MFE-MediaForEurope NV, Class A

     464,598       1,185,939  

NEPI Rockcastle NV

     501,261       3,375,563  

NN Group NV

     305,128       12,506,657  

NSI NV

     73,862       1,580,489  

OCI NV

     119,150       3,403,399  

Pharming Group NV(b)

     1,405,399       1,771,761  

PostNL NV

     648,967       945,675  

Prosus NV

     1,709,395       50,857,367  

Qiagen NV, NVS

     252,118       10,938,593  

Randstad NV

     118,076       6,713,825  

SBM Offshore NV

     121,249       1,543,605  

Signify NV(c)

     136,722       4,099,561  

Technip Energies NV

     142,380       2,947,348  

TKH Group NV

     49,868       2,008,071  

TomTom NV(a)(b)

     145,174       982,960  

 

 

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

   107

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Netherlands (continued)            

Universal Music Group NV

     962,974     $ 28,386,281  

Van Lanschot Kempen NV

     54,433       1,638,849  

Vastned Retail NV

     50,448       1,113,532  

Wereldhave NV

     64,175       961,268  

Wolters Kluwer NV

     289,891       42,734,873  
   

 

 

  
       985,994,717  
New Zealand — 0.2%            

Air New Zealand Ltd.

     1,561,059       605,915  

Auckland International Airport Ltd.

     1,322,272       6,817,493  

Contact Energy Ltd.

     911,042       4,493,976  

EBOS Group Ltd.

     183,726       4,207,382  

Fisher & Paykel Healthcare Corp. Ltd.

     702,945       10,152,661  

Fletcher Building Ltd.

     990,205       2,735,788  

Goodman Property Trust

     1,471,560       2,014,860  

Infratil Ltd.

     1,055,366       6,808,149  

Kiwi Property Group Ltd.

     1,670,611       888,410  

Mercury NZ Ltd.

     947,470       3,909,202  

Meridian Energy Ltd.

     1,692,085       5,732,427  

Ryman Healthcare Ltd.(b)

     786,805       2,733,292  

Spark New Zealand Ltd.

     2,311,292       7,508,910  
   

 

 

  
      58,608,465  
Norway — 0.6%            

Adevinta ASA(b)

     398,839       4,285,227  

Aker ASA, Class A

     37,801       2,246,199  

Aker BP ASA

     400,899       10,640,492  

Atea ASA

     168,705       2,248,919  

Austevoll Seafood ASA

     166,185       1,204,719  

Bakkafrost P/F

     57,015       3,184,184  

Borr Drilling Ltd.(a)

     289,792       1,795,451  

Borregaard ASA

     178,234       3,040,260  

BW LPG Ltd.(c)

     197,927       2,442,742  

BW Offshore Ltd.

     250,263       573,947  

Crayon Group Holding ASA(a)(b)(c)

     103,571       870,700  

DNB Bank ASA

     1,048,473       20,382,011  

DNOASA

     1,566,614       1,372,833  

Elkem ASA(c)

     385,640       800,206  

Entra ASA(c)

     128,693       1,409,630  

Equinor ASA

     1,033,110       29,564,595  

Europris ASA(c)

     373,872       2,802,209  

Flex LNG Ltd.

     89,754       2,676,256  

Frontline PLC, NVS

     181,994       4,068,050  

Gjensidige Forsikring ASA

     164,364       2,643,708  

Golden Ocean Group Ltd.

     167,913       1,770,684  

Grieg Seafood ASA

     159,162       998,806  

Hafnia Ltd.

     412,032       2,996,239  

Kongsberg Gruppen ASA

     130,406       6,645,925  

Leroy Seafood Group ASA

     315,022       1,265,230  

Mowi ASA

     501,285       9,023,293  

MPC Container Ships ASA

     459,027       690,014  

NEL ASA(a)(b)

     3,036,058       1,515,776  

Nordic Semiconductor ASA(a)(b)

     192,900       1,936,982  

Norsk Hydro ASA

     1,473,748       8,636,904  

Norwegian Air Shuttle ASA(a)(b)

     1,131,462       1,385,277  

Orkla ASA

     843,680       6,608,651  

PGS ASA(b)

     1,248,775       781,395  

Protector Forsikring ASA

     105,446       1,890,904  

Salmar ASA

     81,821       4,541,918  

Scatec ASA(b)(c)

     171,886       1,278,086  

Schibsted ASA, Class A

     76,087       2,334,118  

Schibsted ASA, Class B

     113,004       3,242,730  

Seadrill Ltd.(a)(b)

     50,764       2,185,020  
Security   Shares     Value  
Norway (continued)            

SpareBank 1 SMN

     167,140     $ 2,275,545  

SpareBank 1 SR-Bank ASA

     257,438       3,122,036  

Storebrand ASA

     506,650       4,555,371  

Subsea 7 SA

     281,022       3,787,609  

Telenor ASA

     749,153       8,312,644  

TGS ASA

     164,961       1,606,350  

TOMRA Systems ASA

     294,592       2,959,111  

Veidekke ASA

     190,044       1,734,695  

Wallenius Wilhelmsen ASA

     164,091       1,595,203  

Yara International ASA

     185,221       6,122,044  
   

 

 

  
       194,050,898  
Peru — 0.1%            

Cia. de Minas Buenaventura SAA, ADR

     229,143       3,476,100  

Credicorp Ltd.

     76,705       11,385,323  

Southern Copper Corp.

     94,211       7,734,723  
   

 

 

  
      22,596,146  
Philippines — 0.2%            

Aboitiz Equity Ventures Inc.

     2,739,700       2,358,366  

Alliance Global Group Inc.

     3,269,600       658,625  

Ayala Corp.

     322,975       3,891,581  

Ayala Land Inc.

     9,546,730       5,769,143  

Bank of the Philippine Islands

     1,487,061       2,914,003  

BDO Unibank Inc.

     3,328,552       8,568,651  

Bloomberry Resorts Corp.(b)

     7,387,300       1,467,093  

Converge Information and Communications Technology Solutions Inc.(b)

     3,211,500       528,431  

GT Capital Holdings Inc.

     111,648       1,319,864  

International Container Terminal Services Inc.

     1,443,410       6,241,313  

JG Summit Holdings Inc.

     4,019,417       2,734,589  

Jollibee Foods Corp.

     642,090       2,897,075  

Manila Electric Co.

     258,470       1,663,154  

Manila Water Co. Inc.

     2,673,700       853,950  

Megaworld Corp.

     8,590,500       299,092  

Metropolitan Bank & Trust Co.

     2,242,367       2,271,387  

MREIT Inc.

     282,300       69,202  

PLDT Inc.

     95,885       2,168,353  

Semirara Mining & Power Corp., Class A

     462,200       254,520  

SM Investments Corp.

     333,565       5,325,265  

SM Prime Holdings Inc.

     13,276,100       8,077,208  

Universal Robina Corp.

     1,157,980       2,296,576  
   

 

 

  
      62,627,441  
Poland — 0.3%            

Alior Bank SA(b)

     147,265       2,769,884  

Allegro.eu SA (b)(c)

     512,020       3,865,290  

Asseco Poland SA

     122,756       2,236,164  

Bank Millennium SA(b)

     954,190       1,997,744  

Bank Polska Kasa Opieki SA

     208,995       8,039,220  

Budimex SA

     14,814       2,537,968  

CCC SA(b)

     63,894       928,476  

CD Projekt SA

     81,912       2,138,135  

Cyfrowy Polsat SA(a)(b)

     373,332       1,010,594  

Dino Polska SA(b)(c)

     65,299       7,047,565  

Enea SA(b)

     278,887       663,137  

Eurocash SA

     80,374       304,318  

Grupa Azoty SA(a)(b)

     73,664       439,551  

Grupa Kety SA

     11,211       1,906,800  

KGHM Polska Miedz SA

     153,957       4,289,340  

KRUK SA

     21,119       2,391,120  

LPP SA

     1,178       4,580,613  

mBank SA(a)(b)

     19,227       2,555,721  

Orange Polska SA

     864,469       1,846,470  

 

 

108  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Poland (continued)            

ORLEN SA

     716,696     $ 11,175,031  

PGE Polska Grupa Energetyczna SA(b)

     1,148,062       2,417,527  

Powszechna Kasa Oszczednosci Bank
Polski SA

     1,042,717       13,230,024  

Powszechny Zaklad Ubezpieczen SA

     706,506       8,506,447  

Santander Bank Polska SA

     38,480       4,660,629  

Tauron Polska Energia SA(b)

     1,311,404       1,198,777  
   

 

 

  
       92,736,545  
Portugal — 0.1%            

Altri SGPS SA

     325,060       1,584,577  

Banco Comercial Portugues SA, Class R(b)

     9,778,585       2,844,555  

CTT-Correios de Portugal SA

     184,438       731,816  

EDP - Energias de Portugal SA

     3,629,857       16,190,747  

Galp Energia SGPS SA

     395,908       6,232,282  

Greenvolt Energias Renovaveis SA(a)(b)

     175,827       1,535,332  

Jeronimo Martins SGPS SA

     312,272       7,102,102  

Navigator Co. SA (The)

     433,700       1,787,076  

NOS SGPS SA

     924,827       3,278,231  

REN - Redes Energeticas Nacionais
SGPS SA

     780,367       1,917,344  

Sonae SGPS SA

     2,805,571       2,712,228  
   

 

 

  
      45,916,290  
Qatar — 0.2%            

Barwa Real Estate Co.

     3,421,302       2,701,523  

Commercial Bank PSQC (The)

     3,496,961       5,031,189  

Doha Bank QPSC

     2,266,514       1,058,319  

Dukhan Bank

     1,520,184       1,631,729  

Industries Qatar QSC

     2,063,580       6,777,464  

Masraf Al Rayan QSC

     6,733,659       4,337,690  

Mesaieed Petrochemical Holding Co.

     5,428,088       2,501,492  

Ooredoo QPSC

     1,093,416       3,209,313  

Qatar Aluminum Manufacturing Co.

     5,252,335       1,844,188  

Qatar Electricity & Water Co. QSC

     887,070       4,213,429  

Qatar Fuel QSC

     159,780       687,313  

Qatar Gas Transport Co. Ltd.

     2,933,763       2,791,410  

Qatar International Islamic Bank QSC

     896,423       2,562,467  

Qatar Islamic Bank SAQ

     1,864,959       9,975,779  

Qatar National Bank QPSC

     5,260,886       22,349,407  

Qatar Navigation QSC

     615,521       1,747,536  

United Development Co. QSC

     1,908,304       543,224  

Vodafone Qatar QSC

     4,489,707       2,337,530  
   

 

 

  
      76,301,002  
Russia — 0.0%            

Aeroflot PJSC(b)(d)

     2,248,580       250  

Alrosa PJSC(d)

     2,008,230       223  

Detsky Mir PJSC(b)(c)(d)

     1,459,210       162  

Gazprom PJSC(b)(d)

     12,460,440       1,385  

Inter RAO UES PJSC(d)

     41,474,100       4,609  

LUKOIL PJSC(d)

     449,912       50  

MMC Norilsk Nickel PJSC(d)

     67,010       7  

Mobile TeleSystems PJSC(d)

     1,079,812       120  

Moscow Exchange MICEX-RTS PJSC(d)

     1,165,970       130  

Novatek PJSC(d)

     970,220       108  

Novolipetsk Steel PJSC(b)(d)

     1,277,300       142  

Ozon Holdings PLC, ADR(b)(d)

     48,614       5  

PhosAgro PJSC(d)

     54,047       6  

PhosAgro PJSC, GDR(b)(d)(e)

     2       —  

PhosAgro PJSC, New(d)

     1,044       10  

Polyus PJSC(b)(d)

     29,956       3  

Rosneft Oil Co. PJSC(d)

     1,203,679       134  

Rostelecom PJSC(d)

     1,886,690       210  

Sberbank of Russia PJSC(d)

     10,330,470       1,148  
Security   Shares     Value  
Russia (continued)            

Severstal PAO(b)(d)

     165,788     $ 18  

Sistema AFK PAO(d)

     5,373,780       597  

Surgutneftegas PJSC(d)

     7,375,600       820  

Tatneft PJSC(d)

     1,491,585       166  

TCS Group Holding PLC, GDR(b)(d)(e)

     134,948       15  

Unipro PJSC(b)(d)

     16,577,000       1,842  

United Co. RUSAL International PJSC(b)(d)

     2,395,510       266  

VK Co. Ltd.(b)(d)

     113,735       13  

VTB Bank PJSC(b)(d)

     3,435,870,000       382  

X5 Retail Group NV, GDR(b)(d)

     128,602       14  

Yandex NV(b)(d)

     338,783       38  
   

 

 

  
      12,873  
Saudi Arabia — 1.2%            

Abdullah Al Othaim Markets Co.

     756,999       2,767,995  

ACWA Power Co.

     114,806       7,330,967  

Advanced Petrochemical Co.

     198,356       2,011,856  

Al Rajhi Bank

     2,307,894       51,518,907  

Aldrees Petroleum and Transport Services Co.

     104,224       4,485,509  

Alinma Bank

     1,266,850       13,953,421  

Almarai Co. JSC

     230,638       3,511,754  

Alujain Corp.(b)

     126,114       1,388,992  

Arab National Bank

     728,354       4,843,087  

Arabian Internet & Communications Services Co.

     20,169       1,759,760  

Arriyadh Development Co.

     265,614       1,549,682  

Bank AlBilad

     696,874       8,261,976  

Bank Al-Jazira(b)

     560,736       3,012,747  

Banque Saudi Fransi

     698,071       7,424,143  

Bupa Arabia for Cooperative Insurance Co.

     87,350       4,809,425  

City Cement Co.

     215,928       1,011,792  

Co. for Cooperative Insurance (The)

     134,714       4,401,378  

Dallah Healthcare Co.

     40,235       1,772,439  

Dar Al Arkan Real Estate
Development Co.(b)

     838,970       2,899,633  

Dr Sulaiman Al Habib Medical Services Group Co.

     102,039       7,887,839  

Elm Co.

     35,500       8,521,551  

Emaar Economic City(b)

     543,058       1,150,095  

Etihad Etisalat Co.

     485,423       6,743,964  

Jarir Marketing Co.

     693,117       2,816,752  

Leejam Sports Co. JSC

     48,470       2,497,108  

Middle East Healthcare Co.(b)

     54,000       1,437,082  

Mobile Telecommunications Co.
Saudi Arabia

     723,257       2,572,798  

Mouwasat Medical Services Co.

     167,303       5,287,287  

Nahdi Medical Co.

     38,527       1,444,727  

National Gas & Industrialization Co.

     155,809       2,829,416  

National Industrialization Co.(b)

     559,430       1,741,851  

Power & Water Utility Co. for Jubail & Yanbu

     116,661       1,924,072  

Rabigh Refining & Petrochemical Co.(b)

     684,389       1,664,695  

Reinet Investments SCA

     193,442       4,848,216  

Riyad Bank

     1,675,934       12,648,813  

SABIC Agri-Nutrients Co.

     289,548       9,872,364  

Sahara International Petrochemical Co.

     505,743       4,234,581  

Saudi Airlines Catering Co.

     100,499       3,087,247  

Saudi Arabian Mining Co.(b)

     1,540,355       19,008,788  

Saudi Arabian Oil Co.(c)

     3,022,959       24,625,297  

Saudi Aramco Base Oil Co.

     60,153       2,335,653  

Saudi Awwal Bank

     1,120,734       10,706,772  

Saudi Basic Industries Corp.

     1,030,369        21,359,130  

Saudi Cement Co.

     110,169       1,414,532  

Saudi Chemical Co. Holding

     1,648,707       2,032,035  

Saudi Electricity Co.

     1,071,026       5,404,317  

Saudi Ground Services Co.(b)

     211,201       2,343,083  

 

 

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

   109

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Saudi Arabia (continued)            

Saudi Industrial Investment Group

     375,393     $ 2,028,517  

Saudi Investment Bank (The)

     380,703       1,580,822  

Saudi Kayan Petrochemical Co.(b)

     960,167       2,345,483  

Saudi National Bank (The)

     3,519,628       38,010,323  

Saudi Public Transport Co.(b)

     240,850       1,293,858  

Saudi Research & Media Group(b)

     48,709       2,693,141  

Saudi Tadawul Group Holding Co.

     49,016       2,699,277  

Saudi Telecom Co.

     2,226,671       24,229,750  

Saudia Dairy & Foodstuff Co.

     33,190       3,186,155  

Savola Group (The)

     283,298       3,395,708  

Seera Group Holding(b)

     217,425       1,716,162  

Southern Province Cement Co.

     95,239       982,082  

United Electronics Co.

     122,848       2,915,913  

United International Transportation Co.

     130,027       2,873,764  

Yamama Cement Co.

     208,525       1,688,237  

Yanbu Cement Co.

     162,403       1,320,842  

Yanbu National Petrochemical Co.

     282,852       2,892,988  
   

 

 

  
       397,008,550  
Singapore — 0.9%            

AEM Holdings Ltd.(a)

     851,400       1,694,180  

CapitaLand Ascendas REIT

     3,476,048       7,533,385  

CapitaLand Ascott Trust

     3,331,965       2,375,469  

CapitaLand China Trust(a)

     2,763,441       1,716,493  

CapitaLand Integrated Commercial Trust

     6,099,628       9,093,120  

CapitaLand Investment Ltd./Singapore

     2,824,500       6,200,589  

CDL Hospitality Trusts(a)

     2,363,681       1,810,511  

City Developments Ltd.

     742,000       3,367,782  

ComfortDelGro Corp. Ltd.

     2,209,000       2,297,546  

DBS Group Holdings Ltd.

     2,070,200       49,033,273  

ESR-LOGOS REIT(a)

     15,678,847       3,623,140  

First Resources Ltd.

     1,134,100       1,248,173  

Frasers Centrepoint Trust

     2,217,762       3,793,307  

Frasers Hospitality Trust

     1,831,900       634,986  

Frasers Logistics & Commercial Trust

     3,034,713       2,526,218  

Genting Singapore Ltd.

     5,827,900       4,376,777  

Golden Agri-Resources Ltd.

     9,389,100       1,889,718  

Grab Holdings Ltd., Class A(b)

     2,112,581       6,485,624  

Hutchison Port Holdings Trust, Class U

     8,100,500       1,213,107  

iFAST Corp. Ltd.

     192,500       1,055,590  

Jardine Cycle & Carriage Ltd.

     136,600       2,635,837  

Keppel DC REIT(a)

     1,737,063       2,181,091  

Keppel Infrastructure Trust(a)

     11,738,536       4,411,397  

Keppel Ltd.

     1,620,500       8,610,949  

Keppel REIT

     3,236,780       2,225,985  

Mapletree Industrial Trust

     2,128,760       3,877,228  

Mapletree Logistics Trust

     3,944,456       4,535,633  

Mapletree Pan Asia Commercial Trust

     2,339,493       2,533,470  

Maxeon Solar Technologies Ltd.(a)(b)

     53,277       241,345  

NetLink NBN Trust

     5,808,800       3,658,916  

Oversea-Chinese Banking Corp. Ltd.

     3,833,150       36,665,496  

Parkway Life REIT

     1,250,500       3,276,963  

Raffles Medical Group Ltd.(a)

     1,560,000       1,172,279  

SATS Ltd.(b)

     1,356,797       2,770,224  

Sea Ltd., ADR(a)(b)

     421,083       16,060,106  

Seatrium Ltd.(b)

     52,933,597       3,928,371  

Sembcorp Industries Ltd.

     1,204,900       5,070,808  

Sheng Siong Group Ltd.

     2,062,900       2,395,529  

SIA Engineering Co. Ltd.

     542,100       927,442  

Singapore Airlines Ltd.(a)

     1,700,900       8,442,047  

Singapore Exchange Ltd.

     729,300       5,092,435  

Singapore Post Ltd.

     2,599,500       794,480  

Singapore Technologies Engineering Ltd.

     1,884,700       5,222,386  
Security   Shares     Value  
Singapore (continued)            

Singapore Telecommunications Ltd.

     9,145,900     $ 16,321,249  

Starhill Global REIT

     4,370,700       1,677,906  

StarHub Ltd.(a)

     836,100       660,653  

Suntec REIT(a)

     1,775,900       1,569,946  

United Overseas Bank Ltd.

     1,422,000       29,973,683  

UOL Group Ltd.

     300,600       1,395,859  

Venture Corp. Ltd.

     229,700       2,288,401  

Wilmar International Ltd.

     1,971,000       4,826,364  

Yangzijiang Financial Holding Ltd.

     2,629,300       615,056  

Yangzijiang Shipbuilding Holdings Ltd.

     2,703,800       3,375,477  

Yanlord Land Group Ltd.(a)(b)

     925,900       357,805  
   

 

 

  
       301,761,804  
South Africa — 0.8%            

Absa Group Ltd.

     899,313       7,852,367  

Adcock Ingram Holdings Ltd.

     117,088       350,216  

AECI Ltd.

     235,019       1,266,128  

African Rainbow Minerals Ltd.

     214,612       2,126,117  

Anglo American Platinum Ltd.

     71,587       3,030,730  

Aspen Pharmacare Holdings Ltd.

     445,217       4,615,180  

AVI Ltd.

     463,847       2,063,497  

Barloworld Ltd.

     301,395       1,205,741  

Bid Corp. Ltd.

     424,698       10,301,408  

Bidvest Group Ltd. (The)

     307,287       4,051,150  

Capitec Bank Holdings Ltd.

     99,611       10,609,272  

Clicks Group Ltd.

     307,015       4,934,869  

Coronation Fund Managers Ltd.(a)

     234,318       390,011  

Dis-Chem Pharmacies Ltd.(a)(c)

     485,815       782,078  

Discovery Ltd.

     605,571       4,480,692  

Exxaro Resources Ltd.

     307,627       3,064,772  

FirstRand Ltd.

     5,703,287       20,655,711  

Foschini Group Ltd. (The)

     409,430       2,479,019  

Gold Fields Ltd.

     1,077,337       15,896,395  

Grindrod Ltd.

     330,934       215,114  

Growthpoint Properties Ltd.

     3,289,257       2,081,864  

Harmony Gold Mining Co. Ltd.

     663,764       4,149,016  

Impala Platinum Holdings Ltd.

     981,422       3,809,539  

Investec Ltd.

     430,468       2,848,711  

JSE Ltd.

     187,091       867,579  

Kumba Iron Ore Ltd.

     80,456       2,376,444  

Life Healthcare Group Holdings Ltd.

     1,761,189       1,739,318  

Momentum Metropolitan Holdings

     1,623,752       1,818,672  

Motus Holdings Ltd.

     291,141       1,629,363  

Mr. Price Group Ltd.

     291,059       2,663,643  

MTN Group Ltd.

     1,989,374       10,151,678  

MultiChoice Group(b)

     432,771       1,733,627  

Naspers Ltd., Class N

     221,182       37,062,412  

Nedbank Group Ltd.

     483,026       5,611,332  

Netcare Ltd.

     1,606,630       1,221,974  

Ninety One Ltd.

     260,314       577,008  

Northam Platinum Holdings Ltd.

     434,070       2,924,249  

Oceana Group Ltd.

     81,738       315,312  

Old Mutual Ltd.

     4,498,379       2,993,584  

OUTsurance Group Ltd., NVS

     1,174,715       2,625,815  

Pepkor Holdings Ltd.(c)

     1,666,654       1,718,062  

Pick n Pay Stores Ltd.

     761,178       951,345  

PSG Financial Services Ltd.

     856,118       720,653  

Redefine Properties Ltd.

     7,548,997       1,674,508  

Remgro Ltd.

     536,292       4,517,198  

Resilient REIT Ltd.

     506,703       1,276,061  

Reunert Ltd.

     341,293       1,096,658  

Sanlam Ltd.

     2,162,608       8,250,773  

Sappi Ltd.

     790,987       1,882,568  

 

 

110  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
South Africa (continued)            

Sasol Ltd.

     646,271     $ 5,613,321  

Shoprite Holdings Ltd.

     604,141       8,760,488  

Sibanye Stillwater Ltd.

     3,203,507       3,860,669  

SPAR Group Ltd. (The)(b)

     233,409       1,399,394  

Standard Bank Group Ltd.

     1,490,090       15,896,946  

Super Group Ltd./South Africa

     685,997       1,025,927  

Telkom SA SOC Ltd.(b)

     573,779       865,457  

Thungela Resources Ltd.

     172,475       1,104,724  

Tiger Brands Ltd.(a)

     179,522       2,012,449  

Truworths International Ltd.(a)

     605,747       2,525,874  

Vodacom Group Ltd.

     721,410       3,597,321  

Vukile Property Fund Ltd.

     962,949       779,206  

Wilson Bayly Holmes-Ovcon Ltd.(b)

     62,512       435,222  

Woolworths Holdings Ltd./South Africa

     1,038,109       3,846,368  
   

 

 

  
       263,382,799  
South Korea — 3.2%            

ABLBio Inc.(b)

     65,854       1,077,878  

Advanced Nano Products Co. Ltd.(b)

     18,540       1,313,422  

AfreecaTV Co. Ltd.(b)

     22,594       1,753,648  

Ahnlab Inc.(b)

     9,246       502,999  

Alteogen Inc.(b)

     57,835       3,339,081  

Amorepacific Corp.(b)

     33,978       2,997,195  

Amorepacific Group(b)

     37,582       690,590  

Asiana Airlines Inc.(b)

     56,186       510,579  

BGF retail Co. Ltd.(b)

     10,381       1,098,703  

BH Co. Ltd.(b)

     46,296       630,418  

Bioneer Corp.(b)

     27,074       508,457  

BNK Financial Group Inc.

     271,388       1,526,364  

Celltrion Inc.

     181,093       24,300,976  

Celltrion Pharm Inc.(b)

     25,793       1,964,895  

Chabiotech Co. Ltd.(a)(b)

     117,876       1,603,495  

Cheil Worldwide Inc.

     92,276       1,270,029  

Chunbo Co. Ltd.(b)

     15,308       945,997  

CJ CGV Co. Ltd.(b)

     141,398       583,451  

CJ CheilJedang Corp.

     8,850       1,932,577  

CJ Corp.(b)

     17,023       1,195,672  

CJ ENM Co. Ltd.(b)

     12,026       642,390  

CJ Logistics Corp.(b)

     12,006       1,221,828  

Com2uSCorp.

     16,482       561,803  

Cosmax Inc.(b)

     19,994       1,734,830  

CosmoAM&T Co. Ltd.(b)

     32,364       3,199,373  

Cosmochemical Co. Ltd.(b)

     44,890       953,588  

Coway Co. Ltd.(b)

     63,025       2,614,258  

CS Wind Corp.

     33,624       1,432,117  

Daejoo Electronic Materials Co. Ltd.(a)(b)

     21,452       1,106,233  

Daesang Corp.(a)(b)

     39,383       548,146  

Daewoo Engineering & Construction
Co. Ltd.(a)(b)

     241,803       711,087  

Daewoong Pharmaceutical Co. Ltd.(b)

     8,311       687,031  

Dawonsys Co. Ltd.(b)

     66,643       732,968  

DB HiTek Co. Ltd.(b)

     52,456       1,944,663  

DB Insurance Co. Ltd.(b)

     54,734       3,610,572  

Dentium Co. Ltd.(b)

     15,778       1,334,576  

DGB Financial Group Inc.(b)

     241,460       1,629,329  

DL E&C Co. Ltd.(b)

     38,403       1,194,483  

DL Holdings Co. Ltd.(b)

     15,194       639,386  

Dong-A Socio Holdings Co. Ltd.

     11,791       944,411  

Dong-A ST Co. Ltd.(b)

     20,308       1,035,658  

Dongjin Semichem Co. Ltd.(b)

     85,398       2,458,575  

Dongkuk Steel Mill Co. Ltd/New(b)

     50,668       431,473  

Doosan Bobcat Inc.

     55,080       2,097,668  

Doosan Enerbility Co. Ltd.(b)

     513,288       5,929,478  
Security   Shares     Value  
South Korea (continued)            

Doosan Fuel Cell Co. Ltd.(a)(b)

     68,205     $ 1,054,813  

DoubleUGames Co. Ltd.(b)

     19,485       612,780  

Douzone Bizon Co. Ltd.(b)

     28,706       1,027,558  

Ecopro BM Co. Ltd.(a)(b)

     58,516       9,288,348  

Ecopro Co. Ltd.(b)

     23,516       8,771,626  

Ecopro HN Co. Ltd.(a)(b)

     28,083       1,211,679  

E-MART Inc.(b)

     22,398       1,303,245  

Eo Technics Co. Ltd.(b)

     18,581       2,377,048  

F&F Co. Ltd./New(b)

     23,270       1,235,783  

Fila Holdings Corp.

     64,637       1,969,100  

Foosung Co. Ltd.(a)(b)

     113,104       698,508  

GC Cell Corp.(b)

     32,694       979,866  

GemVax & Kael Co. Ltd.(b)

     81,933       778,464  

Grand Korea Leisure Co. Ltd.(b)

     75,258       715,867  

Green Cross Corp.(b)

     11,370       918,076  

Green Cross Holdings Corp.(a)(b)

     36,406       403,038  

GS Engineering & Construction Corp.(b)

     116,984       1,318,856  

GS Holdings Corp.(b)

     61,303       2,125,947  

GS Retail Co. Ltd.(b)

     38,934       649,782  

Hana Financial Group Inc.

     362,909        12,976,696  

Hana Micron Inc.(a)(b)

     55,142       1,049,799  

Hana Tour Service Inc.(b)

     36,715       1,752,721  

Hanall Biopharma Co. Ltd.(b)

     60,443       1,394,816  

Handsome Co. Ltd.(b)

     34,324       479,003  

Hankook Tire & Technology Co. Ltd.(b)

     97,843       3,744,854  

Hanmi Pharm Co. Ltd.(b)

     9,230       2,239,353  

Hanmi Semiconductor Co. Ltd.(b)

     66,394       2,895,426  

Hanon Systems

     258,837       1,208,064  

Hansol Chemical Co. Ltd.(b)

     12,601       1,886,067  

Hanssem Co. Ltd.

     12,601       450,611  

Hanwha Aerospace Co. Ltd.(b)

     45,857       4,735,805  

Hanwha Corp.(b)

     65,624       1,335,323  

Hanwha Life Insurance Co. Ltd.(b)

     596,849       1,354,938  

Hanwha Ocean Co. Ltd.(b)

     77,147       1,267,814  

Hanwha Solutions Corp.(b)

     118,656       2,947,723  

HD Hyundai Co. Ltd.

     54,081       2,882,499  

HD Hyundai Heavy Industries Co. Ltd.(b)

     22,279       1,898,298  

HD Hyundai Infracore Co. Ltd.(b)

     155,644       897,417  

HD Hyundai Infracore Co. Ltd.(b)

     37,483       2,870,562  

HD Korea Shipbuilding & Offshore Engineering Co. Ltd.(b)

     43,328       3,676,231  

HDC Hyundai Development Co-Engineering & Construction, Class E(b)

     64,724       866,516  

HL Mando Co. Ltd.(b)

     51,365       1,348,370  

HLB Inc.(b)

     138,990       7,010,454  

HLB Life Science Co. Ltd.(a)(b)

     112,815       1,332,487  

HMM Co. Ltd.(b)

     320,453       4,605,676  

Hotel Shilla Co. Ltd.

     38,719       1,686,520  

HPSP Co. Ltd.(b)

     55,185       1,849,796  

HSD Engine Co. Ltd.(b)

     27,216       174,356  

Hugel Inc.(a)(b)

     14,184       1,611,275  

HYBE Co. Ltd.(b)

     24,208       3,649,916  

Hyosung Advanced Materials Corp.(b)

     4,159       1,016,180  

Hyosung Corp.(b)

     11,840       556,821  

Hyosung TNC Corp.(b)

     3,715       835,551  

Hyundai Bioscience Co. Ltd.(a)(b)

     67,809       1,258,038  

Hyundai Department Store Co. Ltd.(b)

     20,782       835,690  

Hyundai Elevator Co. Ltd.(b)

     59,959       1,824,602  

Hyundai Engineering & Construction Co. Ltd.(b)

     82,173       2,126,710  

Hyundai Glovis Co. Ltd.(b)

     21,594       2,827,574  

Hyundai Home Shopping Network Corp.(b)

     16,165       540,684  

Hyundai Marine & Fire Insurance Co. Ltd.(b)

     93,978       2,386,862  

 

 

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

   111

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
South Korea (continued)            

Hyundai Mipo Dockyard Co. Ltd.(b)

     34,076     $ 1,717,692  

Hyundai Mobis Co. Ltd.

     73,453       11,514,013  

Hyundai Motor Co.

     163,123       23,726,281  

Hyundai Rotem Co. Ltd.(b)

     96,421       2,033,360  

Hyundai Steel Co.(b)

     98,236       2,459,985  

Hyundai Wia Corp.(b)

     17,876       777,208  

Il Dong Pharmaceutical Co. Ltd.(b)

     27,975       321,837  

Industrial Bank of Korea(b)

     159,084       1,492,592  

IsuPetasys Co. Ltd.(b)

     85,240       1,739,996  

JB Financial Group Co. Ltd.

     317,686       2,725,897  

Jusung Engineering Co. Ltd.

     48,830       1,205,898  

JW Pharmaceutical Corp.

     53,456       1,224,993  

JYP Entertainment Corp.(b)

     44,957       2,530,154  

Kakao Corp.(b)

     372,276       14,558,137  

Kakao Games Corp.(b)

     56,281       1,028,227  

Kakao Pay Corp.(b)

     48,925       1,726,669  

KakaoBank Corp.(b)

     186,233       3,785,219  

Kangwon Land Inc.(b)

     107,401       1,204,994  

KB Financial Group Inc.

     469,490       19,924,086  

KCC Corp.

     8,044       1,481,568  

KEPCO Engineering & Construction Co. Inc.(b)

     23,455       1,149,725  

KEPCO Plant Service & Engineering Co. Ltd.(b)

     26,600       675,764  

KG Mobility Co.(b)

     28,092       161,886  

Kia Corp.(b)

     308,492        23,695,596  

KIWOOM Securities Co. Ltd.(a)(b)

     21,684       1,567,315  

KMW Co. Ltd.(a)(b)

     76,468       859,250  

Koh Young Technology Inc.(a)(b)

     89,948       1,173,569  

Kolmar Korea Co. Ltd.(b)

     48,233       1,762,551  

Kolon Industries Inc.(b)

     24,923       758,130  

Korea Aerospace Industries Ltd.(b)

     84,723       3,192,094  

Korea Electric Power Corp.(b)

     287,081       4,257,100  

Korea Gas Corp.(b)

     16,210       320,547  

Korea Investment Holdings Co. Ltd.(b)

     47,377       2,175,372  

Korea Zinc Co. Ltd.

     9,113       3,228,370  

Korean Air Lines Co. Ltd.(b)

     190,934       3,210,158  

Korean Reinsurance Co.(b)

     260,870       1,476,482  

Krafton Inc.(b)

     33,756       5,412,992  

KT Corp.(b)

     74,855       1,982,759  

KT&G Corp.

     123,400       8,380,620  

Kum Yang Co. Ltd.(b)

     44,035       2,572,538  

Kumho Petrochemical Co. Ltd.(b)

     22,502       2,098,270  

Kumho Tire Co. Inc.(b)

     186,618       824,719  

L&F Co. Ltd.(b)

     29,645       3,160,787  

LEENO Industrial Inc.(a)(b)

     12,503       1,860,243  

LegoChem Biosciences Inc.(a)(b)

     36,948       1,390,419  

LG Chem Ltd.

     57,585       18,673,942  

LG Corp.(b)

     105,661       6,487,956  

LG Display Co. Ltd.(b)

     240,791       2,092,497  

LG Electronics Inc.

     128,028       8,924,100  

LG Energy Solution Ltd.(b)

     56,941       16,162,170  

LG H&H Co. Ltd.

     10,245       2,322,029  

LG Innotek Co. Ltd.

     17,337       2,472,707  

LG Uplus Corp.

     249,171       1,907,722  

LIG Nex1 Co. Ltd.(b)

     20,839       1,635,075  

Lotte Chemical Corp.(b)

     21,570       2,109,884  

Lotte Chilsung Beverage Co. Ltd.(b)

     4,748       487,602  

Lotte Energy Materials Corp.

     34,126       802,051  

Lotte Fine Chemical Co. Ltd.(b)

     40,168       1,494,539  

Lotte Shopping Co. Ltd.(b)

     12,002       737,912  

Lotte Wellfood Co. Ltd.(b)

     6,530       621,307  

LS Corp.(b)

     27,608       1,878,128  

LS Electric Co. Ltd.(b)

     20,673       1,086,880  
Security   Shares     Value  
South Korea (continued)            

Lunit Inc.(b)

     23,182     $ 1,061,021  

LX Holdings Corp.(b)

     133,869       702,676  

LX International Corp.(b)

     40,808       858,030  

LX Semicon Co. Ltd.

     16,513       956,177  

Medytox Inc.

     8,295       1,190,946  

Meritz Financial Group Inc.(b)

     134,161       6,887,836  

Mirae Asset Securities Co. Ltd.(b)

     312,837       1,839,392  

Naturecell Co. Ltd.(b)

     78,308       448,112  

NAVER Corp.(b)

     153,466       22,885,162  

NCSoft Corp.(b)

     18,732       2,764,652  

Netmarble Corp.(b)(c)

     27,293       1,189,711  

Nexen Tire Corp.(b)

     48,963       296,393  

Nexon Games Co. Ltd.(b)

     57,555       642,108  

NH Investment & Securities Co. Ltd.(b)

     224,362       1,780,159  

NHN Corp.(a)(b)

     35,640       660,865  

NongShim Co. Ltd.

     5,541       1,568,956  

OCI Co. Ltd.(b)

     9,432       648,382  

OCI Holdings Co. Ltd.(b)

     18,482       1,441,552  

Orion Corp./Republic of Korea

     28,537       1,973,760  

Oscotec Inc.(b)

     56,282       801,274  

Pan Ocean Co. Ltd.(b)

     354,924       966,710  

Paradise Co. Ltd.(b)

     57,062       539,690  

Pearl Abyss Corp.(b)

     43,986       1,074,134  

PI Advanced Materials Co. Ltd.(b)

     26,582       464,404  

Poongsan Corp.

     24,389       711,658  

Posco DX Co. Ltd.(b)

     69,757       2,972,808  

POSCO Future M Co. Ltd.(a)(b)

     36,120       6,803,735  

POSCO Holdings Inc.

     83,967       26,641,069  

Posco International Corp.(b)

     60,934       2,391,828  

Rainbow Robotics(a)(b)

     14,339       1,537,998  

S-1 Corp.

     20,057       856,650  

Sam Chun Dang Pharm Co. Ltd.(a)(b)

     30,841       1,477,776  

Samsung Biologics Co. Ltd.(b)(c)

     21,182       13,333,482  

Samsung C&T Corp.

     102,237       10,561,534  

Samsung Electro-Mechanics Co. Ltd.

     67,881       7,059,687  

Samsung Electronics Co. Ltd.

     5,564,442        302,354,135  

Samsung Engineering Co. Ltd.(b)

     181,280       3,023,656  

Samsung Fire & Marine Insurance Co. Ltd.(b)

     36,997       7,320,953  

Samsung Heavy Industries Co. Ltd.(b)

     696,823       3,797,759  

Samsung Life Insurance Co. Ltd.

     80,693       4,193,258  

Samsung SDI Co. Ltd.

     63,569       17,641,897  

Samsung SDS Co. Ltd.

     41,902       4,765,120  

Samsung Securities Co. Ltd.

     79,646       2,238,699  

SD Biosensor Inc.(b)

     55,319       430,428  

Seah Besteel Holdings Corp.(b)

     20,779       340,501  

Seegene Inc.

     55,179       1,044,402  

Seojin System Co. Ltd.(a)(b)

     71,078       990,632  

Seoul Semiconductor Co. Ltd.(b)

     117,548       914,012  

SFA Engineering Corp.

     39,518       799,835  

Shin Poong Pharmaceutical Co. Ltd.(b)

     54,920       470,955  

Shinhan Financial Group Co. Ltd.

     511,039       15,658,263  

Shinsegae Inc.(b)

     8,587       1,107,794  

Shinsegae International Inc.(a)(b)

     18,754       226,068  

SK Biopharmaceuticals Co. Ltd.(b)

     38,470       2,672,055  

SK Bioscience Co. Ltd.(b)

     37,415       1,778,131  

SK Chemicals Co. Ltd.

     20,338       980,357  

SK Hynix Inc.

     636,721       63,761,650  

SK IE Technology Co. Ltd.(b)(c)

     35,059       1,943,214  

SK Inc.

     44,778       6,138,103  

SK Innovation Co. Ltd.(b)

     67,584       5,889,518  

SK Networks Co. Ltd.(b)

     125,091       610,365  

SK Square Co. Ltd.(b)

     81,833       3,179,063  

 

 

112  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
South Korea (continued)            

SKC Co. Ltd.(b)

     30,165     $ 1,729,444  

SM Entertainment Co. Ltd.(b)

     24,268       1,381,065  

S-Oil Corp.

     52,991       2,694,075  

SOLUM Co. Ltd.(b)

     101,098       2,074,775  

Solus Advanced Materials Co. Ltd.(b)

     56,326       473,530  

Soulbrain Co. Ltd.(b)

     9,401       1,895,606  

Taihan Electric Wire Co. Ltd.(b)

     98,132       685,210  

TKG Huchems Co. Ltd.(b)

     39,610       614,732  

Tongyang Life Insurance Co. Ltd.(b)

     107,258       395,080  

Webzen Inc.(b)

     34,492       434,679  

Wemade Co. Ltd.(b)

     29,720       1,137,077  

Woori Financial Group Inc.

     707,731       7,338,006  

Wysiwyg Studious Co. Ltd.(b)

     230,570       526,177  

YG Entertainment Inc.(b)

     18,444       611,387  

Youngone Corp.(b)

     21,168       759,934  

Youngone Holdings Co. Ltd.

     23,685       1,435,594  

Yuhan Corp.(b)

     74,262       3,282,326  
   

 

 

  
       1,073,023,242  
Spain — 1.6%            

Acciona SA

     32,865       4,251,243  

Acerinox SA

     178,747       1,887,066  

ACS Actividades de Construccion y Servicios SA

     223,484       8,818,789  

Aena SME SA(c)

     85,449       15,116,541  

Almirall SA

     130,412       1,237,073  

Amadeus IT Group SA

     516,920       36,225,945  

Applus Services SA

     243,574       2,945,549  

Atresmedia Corp. de Medios de Comunicacion SA

     138,677       557,387  

Banco Bilbao Vizcaya Argentaria SA

     6,913,069       64,702,431  

Banco de Sabadell SA

     6,575,604       8,534,714  

Banco Santander SA

     18,791,119       75,522,620  

Bankinter SA

     796,357       4,916,803  

CaixaBank SA

     4,868,719       20,760,170  

Cellnex Telecom SA(c)

     673,918       25,930,588  

Cia. de Distribucion Integral Logista Holdings SA

     66,802       1,889,493  

Cie. Automotive SA

     108,831       2,871,268  

Construcciones y Auxiliar de Ferrocarriles SA

     43,313       1,556,694  

Corp. ACCIONA Energias Renovables SA

     66,132       1,718,445  

EDP Renovaveis SA

     319,518       5,174,030  

Enagas SA

     107,612       1,751,900  

Ence Energia y Celulosa SA

     277,571       877,633  

Endesa SA

     311,378       6,169,006  

Faes Farma SA

     771,578       2,535,542  

Fluidra SA

     137,007       2,966,093  

Gestamp Automocion SA(c)

     202,590       672,007  

Global Dominion Access SA(c)

     313,630       1,211,769  

Grifols SA(b)

     318,227       3,466,366  

Iberdrola SA

     6,930,175       83,445,935  

Iberdrola SA, NVS

     118,871       1,431,323  

Indra Sistemas SA

     265,346       4,711,013  

Industria de Diseno Textil SA

     1,256,641       53,730,659  

Inmobiliaria Colonial SOCIMI SA

     359,840       2,163,466  

Lar Espana Real Estate SOCIMI SA

     82,120       551,119  

Linea Directa Aseguradora SA Cia de Seguros y Reaseguros

     834,432       872,012  

Mapfre SA

     783,864       1,726,001  

Melia Hotels International SA(a)(b)

     184,510       1,248,408  

Merlin Properties SOCIMI SA

     421,903       4,296,332  

Naturgy Energy Group SA

     146,624       3,948,255  

Neinor Homes SA(c)

     57,545       649,252  

Pharma Mar SA

     26,981       1,126,278  

Prosegur Cia. de Seguridad SA

     413,226       781,892  
Security   Shares     Value  
Spain (continued)            

Redeia Corp. SA

     286,554     $ 4,768,293  

Repsol SA

     1,555,125       22,966,522  

Sacyr SA

     706,056       2,327,688  

Sacyr SA, NVS

     14,121       46,637  

Solaria Energia y Medio Ambiente SA(b)

     121,450       1,793,102  

Talgo SA(a)(c)

     238,768       1,079,259  

Tecnicas Reunidas SA(a)(b)

     99,640       836,970  

Telefonica SA

     5,751,004       23,399,875  

Unicaja Banco SA(c)

     1,789,443       1,710,965  

Viscofan SA

     47,273       2,768,966  
   

 

 

  
       526,647,387  
Sweden — 2.2%            

AAK AB

     187,632       4,228,866  

AddLife AB, Class B

     167,188       1,802,032  

AddTech AB, Class B

     320,698       6,615,905  

AFRYAB

     140,169       1,935,613  

Alfa Laval AB

     338,785       12,430,972  

Alimak Group AB(c)

     71,472       629,874  

Alleima AB, NVS

     279,382       1,854,745  

Arjo AB, Class B

     359,327       1,681,860  

Assa Abloy AB, Class B

     1,195,408       32,784,923  

Atlas Copco AB, Class A

     3,182,407       50,789,349  

Atlas Copco AB, Class B

     1,766,172       24,457,864  

Attendo AB(b)(c)

     121,070       474,082  

Avanza Bank Holding AB

     156,753       3,148,771  

Axfood AB

     120,986       3,061,082  

Beijer Ref AB, Class B

     472,805       6,437,236  

Betsson AB

     271,342       2,953,046  

Bilia AB, Class A

     112,868       1,364,504  

Billerud Aktiebolag

     284,736       2,531,898  

BioArctic AB, Class B(b)(c)

     51,573       1,118,621  

BioGaia AB, Class B

     174,997       1,893,468  

Biotage AB

     111,508       1,584,938  

Boliden AB

     315,899       8,384,802  

Bravida Holding AB(c)

     272,948       2,069,689  

Bufab AB

     48,485       1,717,168  

Bure Equity AB

     60,437       1,726,164  

Camurus AB(b)

     41,194       2,042,207  

Castellum AB(b)

     490,632       6,316,339  

Clas Ohlson AB, Class B

     67,662       962,868  

Cloetta AB, Class B

     539,566       971,117  

Corem Property Group AB, Class B

     970,266       977,563  

Dios Fastigheter AB

     134,762       1,045,285  

Dometic Group AB(c)

     400,484       3,187,016  

Electrolux AB, Class B(b)

     259,318       2,425,665  

Electrolux Professional AB, Class B

     434,840       2,310,494  

Elekta AB, Class B

     401,631       3,030,589  

Embracer Group AB, Class B(a)(b)

     797,629       1,522,249  

Epiroc AB

     751,234       13,273,365  

Epiroc AB, Class B

     481,767       7,511,661  

EQTAB

     451,382       12,120,574  

Essity AB, Class B

     722,079       16,956,790  

Evolution AB(c)

     216,522       25,281,885  

Fabege AB

     282,207       2,643,125  

Fastighets AB Balder, Class B(b)

     780,399       5,179,736  

Fortnox AB

     760,566       4,193,217  

Getinge AB, Class B

     264,851       5,661,753  

Granges AB

     131,232       1,301,253  

H & M Hennes & Mauritz AB, Class B

     760,021       10,722,941  

Hemnet Group AB

     81,143       2,190,683  

Hexagon AB, Class B

     2,427,867       26,496,735  

Hexatronic Group AB(a)

     279,716       586,736  

 

 

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

   113

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Sweden (continued)            

Hexpol AB

     349,159     $ 3,996,667  

HMS Networks AB

     62,497       2,749,559  

Holmen AB, Class B

     116,608       4,595,438  

Hufvudstaden AB, Class A

     151,425       1,958,060  

Husqvarna AB, Class B

     279,120       2,171,249  

Industrivarden AB, Class A

     155,896       4,907,916  

Industrivarden AB, Class C

     202,074       6,350,999  

Indutrade AB

     381,145       9,259,567  

Instalco AB

     362,595       1,449,904  

Intrum AB(a)

     110,585       655,010  

Investment AB Latour, Class B

     157,531       3,961,999  

Investor AB, Class B

     1,976,251        46,530,367  

INVISIO AB

     79,766       1,548,195  

JM AB(a)

     144,574       2,354,227  

Kambi Group PLC, Class B(b)

     41,748       559,627  

Kindred Group PLC.

     279,396       3,286,871  

Kinnevik AB, Class B(b)

     275,906       2,964,338  

L E Lundbergforetagen AB, Class B

     71,935       3,750,749  

Lifco AB, Class B

     310,393       7,488,822  

Lindab International AB

     149,270       2,834,443  

Loomis AB, Class B

     86,548       2,369,509  

MEKO AB

     85,725       870,706  

Millicom International Cellular SA, SDR(b)

     199,800       3,427,475  

MIPS AB

     45,503       1,511,656  

Modern Times Group MTG AB, Class B(b)

     132,829       1,016,675  

Munters Group AB(c)

     179,970       2,872,543  

Mycronic AB

     109,410       3,043,113  

NCC AB, Class B

     146,206       1,867,062  

Nibe Industrier AB, Class B

     1,908,583       11,404,128  

Nolato AB, Class B

     347,809       1,684,410  

Nordnet AB publ

     185,216       2,914,476  

Nyfosa AB

     315,823       2,824,842  

Pandox AB, Class B

     109,399       1,500,108  

Paradox Interactive AB

     52,148       1,021,667  

Peab AB, Class B(a)

     221,002       1,091,073  

Platzer Fastigheter Holding AB, Class B

     94,855       772,711  

Ratos AB, Class B

     372,316       1,227,262  

Resurs Holding AB(a)(c)

     195,574       268,757  

Saab AB, Class B

     92,142       5,933,110  

Sagax AB, Class B

     217,554       5,286,848  

Samhallsbyggnadsbolaget i Norden AB(a)

     1,613,415       739,258  

Sandvik AB

     1,207,627       25,379,348  

Scandic Hotels Group AB(a)(b)(c)

     407,531       1,877,563  

Sectra AB, Class B

     150,398       2,801,382  

Securitas AB, Class B

     533,441       5,181,874  

Sinch AB(a)(b)(c)

     834,485       2,562,703  

Skandinaviska Enskilda Banken AB, Class A

     1,788,861       25,405,648  

Skanska AB, Class B

     374,746       6,497,945  

SKF AB, Class B

     365,154       7,195,402  

SSAB AB, Class A

     159,823       1,243,392  

SSAB AB, Class B

     995,464       7,603,811  

Stillfront Group AB(b)

     655,667       679,497  

Storskogen Group AB

     1,831,370       1,264,197  

Svenska Cellulosa AB SCA, Class B

     743,890       10,127,257  

Svenska Handelsbanken AB, Class A

     1,613,452       17,393,548  

Sweco AB, Class B

     234,496       2,748,716  

Swedbank AB, Class A

     960,834       19,579,853  

Swedish Orphan Biovitrum AB(b)

     215,829       6,057,916  

Tele2 AB, Class B

     536,632       4,575,341  

Telefonaktiebolaget LM Ericsson, Class B

     3,246,932       17,999,288  

Telia Co. AB

     2,546,559       6,568,014  

Thule Group AB(c)

     159,635       4,061,928  
Security   Shares     Value  
Sweden (continued)            

Trelleborg AB, Class B

     263,447     $ 8,018,585  

Truecaller AB(a)(b)

     280,968       830,745  

Vitec Software Group AB, Class B

     22,854       1,269,442  

Vitrolife AB

     95,994       1,580,386  

Volvo AB, Class A

     238,511       5,863,827  

Volvo AB, Class B

     1,731,097       41,486,294  

Volvo Car AB, Class B(a)(b)

     645,088       1,681,745  

Wallenstam AB, Class B(a)

     472,197       2,370,317  

Wihlborgs Fastigheter AB

     368,750       3,296,496  
   

 

 

  
       746,813,174  
Switzerland — 6.2%            

ABB Ltd., Registered

     1,864,900       78,907,281  

Accelleron Industries AG, NVS

     125,323       4,010,303  

Adecco Group AG, Registered

     173,120       7,486,239  

Alcon Inc.

     578,899       43,576,619  

Allreal Holding AG, Registered

     12,551       2,232,464  

ALSO Holding AG, Registered

     9,231       2,702,528  

Aryzta AG(b)

     2,052,079       3,683,227  

Autoneum Holding AG(a)(b)

     5,669       842,369  

Avolta AG, Registered(b)

     102,884       3,930,666  

Bachem Holding AG, Class B

     36,927       2,472,031  

Baloise Holding AG, Registered

     54,059       8,635,445  

Banque Cantonale Vaudoise, Registered

     38,482       4,927,096  

Barry Callebaut AG, Registered

     3,719       5,431,998  

Basilea Pharmaceutica AG, Registered(a)(b)

     29,096       1,140,696  

Belimo Holding AG, Registered

     13,032       6,076,683  

Bell Food Group AG, Registered(a)

     2,275       667,058  

BKWAG

     29,335       4,660,404  

Bossard Holding AG, Class A, Registered

     8,266       1,978,100  

Bucher Industries AG, Registered

     6,908       2,925,996  

Burckhardt Compression Holding AG

     5,598       3,131,898  

Bystronic AG, Registered

     1,498       750,587  

Cembra Money Bank AG

     38,361       2,957,708  

Chocoladefabriken Lindt & Spruengli AG, Participation Certificates, NVS

     1,136       14,437,365  

Chocoladefabriken Lindt & Spruengli AG, Registered

     121       15,337,835  

Cie. Financiere Richemont SA, Class A, Registered

     610,087       90,618,993  

Clariant AG, Registered

     233,247       2,985,952  

Coca-Cola HBC AG, Class DI

     246,295       7,240,271  

Comet Holding AG, Registered

     11,342       3,739,614  

COSMO Pharmaceuticals NV(a)

     18,412       1,365,511  

Daetwyler Holding AG, Bearer

     8,608       1,750,276  

DKSH Holding AG

     42,314       2,960,914  

DocMorris AG(a)(b)

     16,325       1,522,976  

dormakaba Holding AG

     4,030       2,018,788  

DSM-Firmenich AG

     212,998       22,520,388  

EFG International AG

     220,721       2,834,391  

Emmi AG, Registered

     1,546       1,619,626  

EMS-Chemie Holding AG, Registered

     7,982       6,025,729  

Flughafen Zurich AG, Registered

     21,633       4,463,450  

Forbo Holding AG, Registered

     1,513       1,778,942  

Galenica AG(c)

     59,246       5,224,462  

Geberit AG, Registered

     40,610       23,376,250  

Georg Fischer AG

     89,109       5,963,930  

Givaudan SA, Registered

     10,887       45,273,988  

Helvetia Holding AG, Registered

     43,145       6,231,020  

Holcim AG

     602,132       45,990,134  

Huber + Suhner AG, Registered

     34,144       2,448,906  

Idorsia Ltd.(a)(b)

     140,564       250,840  

Implenia AG, Registered

     18,572       659,328  

 

 

114  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Switzerland (continued)            

Inficon Holding AG, Registered

     2,350     $ 3,567,007  

Interroll Holding AG, Registered

     775       2,263,614  

Julius Baer Group Ltd.

     236,969       12,900,924  

Kardex Holding AG, Registered

     9,955       2,528,395  

Komax Holding AG, Registered

     6,180       1,188,409  

Kuehne + Nagel International AG, Registered

     63,232       21,428,037  

Landis+Gyr Group AG

     33,499       2,746,802  

LEM Holding SA, Registered

     842       1,924,125  

Leonteq AG

     15,913       592,125  

Logitech International SA, Registered

     199,225       16,701,683  

Lonza Group AG, Registered

     86,504       42,292,298  

Medmix AG(c)

     35,707       715,836  

Meyer Burger Technology AG(a)(b)

     3,768,383       484,704  

Mobilezone Holding AG, Registered

     50,185       770,699  

Mobimo Holding AG, Registered

     11,679       3,450,422  

Nestle SA, Registered

     3,079,356       350,894,238  

Novartis AG, Registered

     2,374,377       245,543,154  

OC Oerlikon Corp. AG, Registered

     287,737       1,253,910  

Partners Group Holding AG

     26,337       35,533,221  

PSP Swiss Property AG, Registered

     54,869       7,302,902  

Roche Holding AG, Bearer

     35,318       10,698,791  

Roche Holding AG, NVS

     813,385       231,584,011  

Sandoz Group AG(b)

     476,460       16,340,188  

Schindler Holding AG, Participation Certificates, NVS

     49,551       12,342,595  

Schindler Holding AG, Registered

     26,879       6,398,299  

Schweiter Technologies AG, NVS(a)

     1,583       868,486  

Sensirion Holding AG(a)(b)(c)

     15,377       1,279,638  

SFS Group AG

     21,231       2,548,985  

SGS SA

     177,458       16,398,154  

Siegfried Holding AG, Registered

     5,195       5,174,987  

Siemens Energy AG(a)(b)

     607,779       9,029,752  

SIG Group AG

     368,596       7,715,526  

Sika AG, Registered

     177,676       49,048,850  

Softwareone Holding AG

     132,652       2,486,237  

Sonova Holding AG, Registered

     61,174       19,550,997  

St. Galler Kantonalbank AG, Class A, Registered

     4,638       2,684,184  

Stadler Rail AG

     63,726       2,034,238  

STMicroelectronics NV

     797,137       35,000,299  

Straumann Holding AG

     129,961       19,741,253  

Sulzer AG, Registered

     28,808       2,782,917  

Swatch Group AG (The), Bearer

     31,760       7,455,941  

Swatch Group AG (The), Registered

     63,963       2,910,255  

Swiss Life Holding AG, Registered

     36,133       25,948,119  

Swiss Prime Site AG, Registered

     87,114       8,823,371  

Swiss Re AG

     340,369       38,972,398  

Swisscom AG, Registered

     29,367       17,569,793  

Swissquote Group Holding SA, Registered

     14,204       3,564,819  

Tecan Group AG, Registered

     14,648       5,591,357  

Temenos AG, Registered

     77,410       7,878,046  

UBS Group AG, Registered

     3,851,366       115,281,424  

Valiant Holding AG, Registered

     23,895       2,863,136  

VAT Group AG(c)

     34,179       15,911,309  

Vontobel Holding AG, Registered

     38,971       2,566,985  

Ypsomed Holding AG, Registered

     7,940       2,802,728  

Zurich Insurance Group AG

     170,531       86,645,012  
   

 

 

  
       2,064,342,860  
Taiwan — 4.8%            

AcBel Polytech Inc.

     1,460,000       1,896,495  

Accton Technology Corp.

     584,000       9,824,371  

Acer Inc.

     3,199,148       4,698,247  

Acter Group Corp. Ltd.

     60,000       347,394  
Security   Shares     Value  
Taiwan (continued)            

Advanced Ceramic X Corp.

     114,000     $ 784,700  

Advanced Energy Solution Holding Co. Ltd.

     60,000       1,209,607  

Advanced Wireless Semiconductor Co.(b)

     527,631       2,094,762  

Advantech Co. Ltd.

     495,756       5,343,858  

Airtac International Group

     155,185       4,650,856  

Alchip Technologies Ltd.

     94,000       11,659,753  

Ambassador Hotel (The)

     94,000       137,699  

Andes Technology Corp.

     132,000       2,086,743  

AP Memory Technology Corp.

     178,000       2,963,012  

ASE Technology Holding Co. Ltd.

     3,414,958       14,765,507  

Asia Cement Corp.

     2,001,329       2,537,918  

Asia Optical Co. Inc.

     590,000       1,264,947  

Asia Vital Components Co. Ltd.

     412,709       5,605,133  

ASMedia Technology Inc.

     51,000       3,015,714  

ASPEED Technology Inc.

     35,600       3,496,621  

Asustek Computer Inc.

     827,000        11,742,828  

AUO Corp.

     6,950,400       4,061,812  

AURAS Technology Co. Ltd.

     211,000       2,540,821  

BES Engineering Corp.

     7,320,000       2,871,530  

Bizlink Holding Inc.

     246,443       1,813,646  

Bora Pharmaceuticals Co. Ltd.

     75,336       1,619,870  

Brighton-Best International Taiwan Inc.

     950,000       1,025,532  

Capital Securities Corp.

     5,478,450       2,808,714  

Career Technology MFG. Co. Ltd.

     1,144,215       747,364  

Catcher Technology Co. Ltd.

     548,000       3,405,130  

Cathay Financial Holding Co. Ltd.

     11,088,254       15,592,630  

Center Laboratories Inc.

     926,518       1,349,344  

Century Iron & Steel Industrial Co. Ltd.

     341,000       2,383,780  

Chailease Holding Co. Ltd.

     1,671,250       9,251,243  

Chang Hwa Commercial Bank Ltd.

     5,544,840       3,095,428  

Cheng Loong Corp.

     1,613,000       1,484,930  

Cheng Shin Rubber Industry Co. Ltd.

     1,492,500       2,164,041  

Cheng Uei Precision Industry Co. Ltd.

     622,000       887,249  

Chicony Electronics Co. Ltd.

     674,137       3,534,651  

China Airlines Ltd.

     2,923,000       1,898,576  

China Bills Finance Corp.

     5,086,000       2,389,093  

China Development Financial Holding Corp.(b)

     19,608,340       7,527,979  

China Man-Made Fiber Corp.(b)

     6,753,135       1,674,831  

China Petrochemical Development Corp.(b)

     7,371,587       2,215,035  

China Steel Chemical Corp.

     475,000       1,721,471  

China Steel Corp.

     13,347,575       10,695,849  

Chin-Poon Industrial Co. Ltd.

     918,000       1,310,484  

Chipbond Technology Corp.

     1,061,000       2,440,761  

ChipMOS Technologies Inc.

     1,633,000       2,229,244  

Chlitina Holding Ltd.

     156,000       939,504  

Chroma ATE Inc.

     460,000       2,939,995  

Chung-Hsin Electric & Machinery Manufacturing Corp.

     663,000       2,518,130  

Chunghwa Precision Test Tech Co. Ltd.

     41,000       693,071  

Chunghwa Telecom Co. Ltd.

     4,059,000       15,387,304  

Compal Electronics Inc.

     3,329,000       3,817,885  

Compeq Manufacturing Co. Ltd.

     1,407,000       3,120,623  

Coretronic Corp.

     729,000       1,646,088  

CTBC Financial Holding Co. Ltd.

     21,165,980       19,202,018  

CTCI Corp.

     1,060,000       1,431,490  

Cub Elecparts Inc.

     160,016       660,790  

Darfon Electronics Corp.

     1,353,000       2,196,538  

Delta Electronics Inc.

     2,166,000       19,382,655  

E Ink Holdings Inc.

     1,094,000       7,255,084  

E.Sun Financial Holding Co. Ltd.

     18,032,119       14,232,559  

Eclat Textile Co. Ltd.

     188,365       3,287,584  

EirGenix Inc.(b)

     286,000       860,755  

 

 

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

   115

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Taiwan (continued)            

Elan Microelectronics Corp.

     581,000     $ 2,779,066  

Elite Material Co. Ltd.

     361,000       5,303,311  

Elite Semiconductor Microelectronics Technology Inc.

     496,000       1,455,715  

eMemory Technology Inc.

     74,000       6,600,021  

Ennoconn Corp.

     139,273       1,197,559  

ENNOSTAR Inc.(b)

     882,500       1,183,674  

Episil Technologies Inc.

     529,350       1,064,110  

Eternal Materials Co. Ltd.

     1,755,253       1,606,409  

Eva Airways Corp.

     2,694,332       2,715,839  

Evergreen Marine Corp. Taiwan Ltd.

     1,157,590       5,552,455  

Everlight Electronics Co. Ltd.

     1,075,000       1,664,834  

Far Eastern Department Stores Ltd.

     1,094,702       869,225  

Far Eastern International Bank

     6,198,436       2,415,247  

Far Eastern New Century Corp.

     2,426,071       2,393,670  

Far EasTone Telecommunications Co. Ltd.

     1,512,000       3,881,033  

Faraday Technology Corp.

     325,400       4,300,779  

Feng Hsin Steel Co. Ltd.

     725,000       1,571,669  

Feng TAY Enterprise Co. Ltd.

     467,564       2,410,769  

First Financial Holding Co. Ltd.

     11,889,960        10,090,056  

Fitipower Integrated Technology Inc.

     146,250       1,095,041  

FLEXium Interconnect Inc.

     476,987       1,301,445  

Formosa Chemicals & Fibre Corp.

     4,548,660       8,212,006  

Formosa Petrochemical Corp.

     953,000       2,263,342  

Formosa Plastics Corp.

     4,348,040       9,991,995  

Fortune Electric Co. Ltd.

     188,000       2,659,050  

Foxconn Technology Co. Ltd.

     826,287       1,330,615  

Fubon Financial Holding Co. Ltd.

     8,538,469       17,551,241  

Fulgent Sun International Holding Co. Ltd.

     250,824       1,009,885  

General Interface Solution Holding Ltd.

     347,000       693,771  

Genius Electronic Optical Co. Ltd.

     123,281       1,567,263  

Getac Holdings Corp.

     486,000       1,598,149  

Giant Manufacturing Co. Ltd.

     409,189       2,329,073  

Gigabyte Technology Co. Ltd.

     599,000       5,927,454  

Global Unichip Corp.

     111,000       5,449,732  

Globalwafers Co. Ltd.

     228,000       4,212,212  

Gloria Material Technology Corp.

     992,000       1,506,105  

Gold Circuit Electronics Ltd.

     444,000       3,248,860  

Goldsun Building Materials Co. Ltd.

     1,522,056       1,443,244  

Gourmet Master Co. Ltd.

     129,000       395,434  

Grand Pacific Petrochemical

     2,283,189       1,049,683  

Grape King Bio Ltd.

     210,000       1,022,873  

Great Wall Enterprise Co. Ltd.

     1,836,195       3,383,140  

HannStar Display Corp.(b)

     3,434,000       1,289,693  

Highwealth Construction Corp.

     1,997,928       2,526,916  

Hiwin Technologies Corp.

     589,879       4,140,413  

Holy Stone Enterprise Co. Ltd.

     347,550       1,043,220  

Hon Hai Precision Industry Co. Ltd.

     14,485,769       47,386,188  

Hota Industrial Manufacturing Co. Ltd.

     367,194       615,384  

Hotai Motor Co. Ltd.

     336,600       6,818,857  

HTC Corp.(b)

     887,000       1,385,681  

Hua Nan Financial Holdings Co. Ltd.

     11,416,128       7,863,986  

Huaku Development Co. Ltd.

     568,000       1,725,794  

IBF Financial Holdings Co. Ltd.(b)

     6,784,221       2,589,271  

Innolux Corp.

     9,639,847       5,013,495  

International CSRC Investment Holdings Co.

     1,872,921       1,123,044  

International Games System Co. Ltd.

     220,000       5,820,249  

Inventec Corp.

     3,083,000       5,414,727  

ITEQ Corp.

     460,101       1,218,148  

Jentech Precision Industrial Co. Ltd.

     186,993       4,476,124  

Jinan Acetate Chemical Co. Ltd.

     67,827       1,819,887  

Kaori Heat Treatment Co. Ltd.

     200,000       1,446,725  
Security   Shares     Value  
Taiwan (continued)            

Kenda Rubber Industrial Co. Ltd.

     1,094,968     $ 1,043,243  

King Slide Works Co. Ltd.

     73,000       2,424,242  

King Yuan Electronics Co. Ltd.

     2,011,000       5,371,820  

King’s Town Bank Co. Ltd.

     1,352,000       1,759,225  

Kinsus Interconnect Technology Corp.

     389,000       1,245,157  

LandMark Optoelectronics Corp.

     126,000       431,694  

Largan Precision Co. Ltd.

     107,000       8,483,462  

Lien Hwa Industrial Holdings Corp.

     1,073,000       2,222,622  

Lite-On Technology Corp.

     2,314,074       8,013,897  

Lotes Co. Ltd.

     108,841       3,433,483  

Lotus Pharmaceutical Co. Ltd.

     178,000       1,585,106  

M31 Technology Corp.

     44,000       2,464,381  

Macronix International Co. Ltd.

     1,561,525       1,454,826  

Makalot Industrial Co. Ltd.

     299,866       3,439,826  

MediaTek Inc.

     1,739,970       53,691,332  

Medigen Vaccine Biologics Corp.(b)

     384,595       739,712  

Mega Financial Holding Co. Ltd.

     12,594,939       15,129,295  

Merida Industry Co. Ltd.

     308,350       1,688,729  

Merry Electronics Co. Ltd.

     253,697       825,715  

Microbio Co. Ltd.

     676,803       1,002,655  

Micro-Star International Co. Ltd.

     690,000       4,002,018  

Mitac Holdings Corp.

     2,002,198       2,877,762  

momo.com Inc.

     95,040       1,319,249  

Nan Kang Rubber Tire Co. Ltd.(b)

     907,000       1,207,807  

Nan Ya Plastics Corp.

     5,490,300       10,640,251  

Nan Ya Printed Circuit Board Corp.

     282,000       2,035,882  

Nanya Technology Corp.

     1,140,000       2,500,323  

Nien Made Enterprise Co. Ltd.

     207,000       2,212,904  

Novatek Microelectronics Corp.

     640,000       10,425,408  

Nuvoton Technology Corp.

     362,000       1,481,633  

OBI Pharma Inc.(b)

     414,864       885,085  

Oneness Biotech Co. Ltd.

     491,703       2,708,509  

Oriental Union Chemical Corp.

     1,621,000       955,912  

Pan Jit International Inc.

     555,000       1,093,234  

Parade Technologies Ltd.

     85,000       3,015,556  

Pegatron Corp.

     1,892,000       4,987,632  

PharmaEssentia Corp.(b)

     273,000       2,741,172  

Phihong Technology Co. Ltd.(b)

     547,073       993,031  

Phison Electronics Corp.

     183,000       3,073,347  

Pixart Imaging Inc.

     302,000       1,532,941  

Polaris Group/Tw(b)

     498,000       1,123,092  

Pou Chen Corp.

     2,233,000       2,247,932  

Powerchip Semiconductor Manufacturing Corp.

     3,322,000       2,856,344  

Powertech Technology Inc.

     547,000       2,539,549  

President Chain Store Corp.

     572,000       4,822,732  

Primax Electronics Ltd.

     684,000       1,433,868  

Prince Housing & Development Corp.

     1,845,521       618,313  

Qisda Corp.

     2,810,000       4,174,317  

Quanta Computer Inc.

     3,108,000        24,575,001  

Radiant Opto-Electronics Corp.

     522,060       2,308,727  

Raydium Semiconductor Corp.

     101,000       1,211,941  

Realtek Semiconductor Corp.

     499,020       7,468,031  

RichWave Technology Corp.(b)

     159,668       909,520  

Ruentex Development Co. Ltd.

     2,288,469       2,606,847  

Ruentex Industries Ltd.

     855,044       1,638,372  

Sanyang Motor Co. Ltd.

     642,000       1,443,584  

Sercomm Corp.

     521,000       2,158,120  

Shanghai Commercial & Savings Bank Ltd. (The)

     4,243,007       5,996,816  

Shihlin Electric & Engineering Corp.

     416,000       1,611,041  

Shin Kong Financial Holding Co. Ltd.(b)

     12,026,422       3,220,102  

Shin Zu Shing Co. Ltd.

     275,190       1,311,607  

 

 

116  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Taiwan (continued)            

Shinkong Synthetic Fibers Corp.

     4,266,000     $ 2,039,993  

Silergy Corp.

     373,000       4,590,413  

Silicon Integrated Systems Corp.

     893,000       1,175,796  

Simplo Technology Co. Ltd.

     197,200       2,551,985  

Sinbon Electronics Co. Ltd.

     280,000       2,305,256  

Sino-American Silicon Products Inc.

     562,000       3,436,301  

SinoPac Financial Holdings Co. Ltd.

     12,540,395       7,674,371  

Sitronix Technology Corp.

     258,000       2,238,691  

St. Shine Optical Co. Ltd.

     71,000       434,695  

Standard Foods Corp.

     829,422       991,776  

Synnex Technology International Corp.

     1,338,600       3,073,394  

TA Chen Stainless Pipe

     1,978,561       2,339,736  

Ta Ya Electric Wire & Cable

     1,966,000       2,187,293  

Taichung Commercial Bank Co. Ltd.

     4,436,737       2,224,410  

TaiDoc Technology Corp.

     155,000       791,077  

TaiMed Biologics Inc.(b)

     464,000       1,271,600  

Tainan Spinning Co. Ltd.

     2,527,816       1,196,987  

Taishin Financial Holding Co. Ltd.

     12,234,570       6,702,239  

Taiwan Business Bank

     7,977,031       3,399,465  

Taiwan Cement Corp.

     6,912,081       7,034,655  

Taiwan Cooperative Financial Holding Co. Ltd.

     11,851,833       9,615,349  

Taiwan Fertilizer Co. Ltd.

     1,320,000       2,866,338  

Taiwan High Speed Rail Corp.

     1,225,000       1,155,843  

Taiwan Hon Chuan Enterprise Co. Ltd.

     849,696       3,788,347  

Taiwan Mask Corp.

     371,000       799,711  

Taiwan Mobile Co. Ltd.

     1,551,000       4,848,177  

Taiwan Secom Co. Ltd.

     600,105       2,232,356  

Taiwan Semiconductor Co. Ltd.

     484,000       1,243,966  

Taiwan Semiconductor Manufacturing Co. Ltd.

     28,659,000        573,709,960  

Taiwan Surface Mounting Technology Corp.

     417,000       1,234,723  

Taiwan Union Technology Corp.

     417,000       1,801,871  

Tatung Co. Ltd.(b)

     1,738,000       2,424,958  

TCI Co. Ltd.

     156,896       860,326  

Teco Electric and Machinery Co. Ltd.

     1,924,000       2,821,775  

Tong Hsing Electronic Industries Ltd.

     608,931       2,791,705  

Transcend Information Inc.

     781,000       1,961,628  

Tripod Technology Corp.

     507,000       3,027,391  

TSRC Corp.

     1,792,100       1,262,519  

TTY Biopharm Co. Ltd.

     518,965       1,288,261  

Tung Ho Steel Enterprise Corp.

     979,540       2,308,898  

TXC Corp.

     651,000       1,971,715  

Unimicron Technology Corp.

     1,571,000       8,813,747  

Uni-President Enterprises Corp.

     6,249,292       14,441,383  

United Integrated Services Co. Ltd.

     279,000       2,468,293  

United Microelectronics Corp.

     13,298,000       20,713,738  

United Renewable Energy Co. Ltd.

     2,114,000       872,591  

UPI Semiconductor Corp.(b)

     165,000       1,349,636  

USI Corp.

     2,079,258       1,213,333  

Vanguard International Semiconductor Corp.

     883,000       2,071,844  

Via Technologies Inc.

     263,000       1,164,429  

VisEra Technologies Co. Ltd.

     255,000       2,291,433  

Visual Photonics Epitaxy Co. Ltd.

     452,000       1,945,349  

Voltronic Power Technology Corp.

     67,788       2,898,806  

Wafer Works Corp.

     1,260,580       1,657,704  

Waffer Technology Corp.

     330,000       1,064,155  

Walsin Lihwa Corp.

     3,241,256       3,659,660  

Walsin Technology Corp.

     607,000       2,080,686  

Wan Hai Lines Ltd.

     892,200       1,392,988  

Win Semiconductors Corp.

     483,953       2,384,637  

Winbond Electronics Corp.

     3,290,677       2,860,305  

Wisdom Marine Lines Co. Ltd.

     506,000       830,993  

Wistron Corp.

     3,203,227       11,728,046  
Security   Shares     Value  
Taiwan (continued)            

Wistron NeWeb Corp.

     555,973     $ 2,533,116  

Wiwynn Corp.

     106,000       7,473,084  

WPG Holdings Ltd.

     1,510,360       4,204,696  

WT Microelectronics Co. Ltd.

     577,000       2,898,473  

XinTec Inc.

     350,000       1,402,659  

Yageo Corp.

     394,766       6,943,579  

Yang Ming Marine Transport Corp.

     1,942,000       2,961,210  

YFY Inc.

     2,046,000       1,957,500  

Yuanta Financial Holding Co. Ltd.

     11,561,875       9,967,421  

Yulon Finance Corp.

     317,000       1,767,042  

Yulon Motor Co. Ltd.

     976,274       2,158,853  

Zhen Ding Technology Holding Ltd.

     561,050       1,806,211  
   

 

 

  
       1,595,523,616  
Thailand — 0.5%            

Advanced Info Service PCL, NVDR

     1,349,000       8,319,800  

Airports of Thailand PCL, NVDR

     5,855,300       9,859,473  

Amata Corp. PCL, NVDR(a)

     4,075,100       2,442,403  

B Grimm Power PCL, NVDR(a)

     2,308,900       1,803,786  

Bangchak Corp. PCL, NVDR

     2,803,700       3,313,515  

Bangkok Chain Hospital PCL, NVDR

     3,612,100       2,297,108  

Bangkok Dusit Medical Services PCL, NVDR

     12,721,600       9,860,991  

Bangkok Expressway & Metro PCL, NVDR

     11,815,500       2,446,750  

Banpu PCL, NVDR

     11,267,500       1,966,947  

Berli Jucker PCL, NVDR

     1,881,200       1,253,704  

Betagro PCL, NVS

     526,100       326,241  

BTS Group Holdings PCL, NVDR(a)

     13,899,600       2,348,635  

Bumrungrad Hospital PCL, NVDR

     710,000       4,803,601  

Central Pattana PCL, NVDR

     2,722,900       4,963,722  

Central Retail Corp. PCL, NVDR

     2,337,174       2,185,354  

CH Karnchang PCL, NVDR(a)

     2,249,100       1,363,322  

Charoen Pokphand Foods PCL, NVDR(a)

     4,372,600       2,294,212  

CK Power PCL, NVDR(a)

     6,916,300       742,793  

CP ALL PCL, NVDR

     7,126,500       10,490,933  

CP Axtra PCL(a)

     2,460,100       1,972,069  

Delta Electronics Thailand PCL, NVDR(a)

     3,668,000       8,117,349  

Electricity Generating PCL, NVDR

     641,900       2,376,112  

Energy Absolute PCL, NVDR(a)

     2,245,100       2,509,701  

Global Power Synergy PCL, NVDR(a)

     1,729,700       2,395,704  

Gulf Energy Development PCL, NVDR

     4,026,000       4,931,188  

Hana Microelectronics PCL, NVDR(a)

     809,400       1,085,292  

Home Product Center PCL, NVDR

     6,232,600       1,843,306  

Indorama Ventures PCL, NVDR(a)

     2,752,400       1,830,751  

Intouch Holdings PCL, NVDR

     2,212,600       4,594,726  

IRPC PCL, NVDR(a)

     21,270,700       1,166,446  

Jasmine International PCL, NVDR

     23,224,900       1,343,065  

KCE Electronics PCL, NVDR

     1,393,900       1,739,378  

Kiatnakin Phatra Bank PCL, NVDR(a)

     1,219,200       1,672,864  

Krung Thai Bank PCL, NVDR

     5,233,200       2,345,593  

Land & Houses PCL, NVDR

     7,370,800       1,590,434  

MBK PCL, NVDR(a)

     2,250,700       1,011,811  

Minor International PCL, NVDR

     3,886,000       3,341,091  

Muangthai Capital PCL, NVDR

     1,742,200       2,083,240  

Osotspa PCL, NVDR

     2,090,600       1,225,693  

PTT Exploration & Production PCL, NVDR

     1,788,861       7,549,551  

PTT Global Chemical PCL, NVDR

     2,819,300       2,658,373  

PTT Public Co. Ltd., NVDR

     12,004,400       11,395,513  

SCB X PCL, NVS

     843,600       2,469,203  

Siam Cement PCL (The), NVDR

     926,900       7,055,332  

Sino-Thai Engineering & Construction PCL, NVDR(a)

     2,229,600       537,163  

Sri Trang Agro-Industry PCL, NVDR(a)

     4,103,000       1,998,665  

Srisawad Corp. PCL, NVDR(a)

     2,099,710       2,336,187  

 

 

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

   117

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Thailand (continued)            

Thai Oil PCL, NVDR

     2,240,000     $ 3,446,195  

Thai Union Group PCL, NVDR

     4,162,600       1,783,769  

Thanachart Capital PCL, NVDR

     1,062,500       1,519,889  

TPI Polene PCL, NVDR

     20,301,500       801,130  

True Corp. PCL(a)(b)

     12,063,285       2,051,286  

TTW PCL, NVDR(a)

     8,722,300       2,371,612  

WHA Corp. PCL, NVDR

     19,605,200       2,614,145  
   

 

 

  
       172,847,116  
Turkey — 0.3%            

Akbank TAS

     3,710,329       4,829,771  

Alarko Holding A/S

     405,346       1,428,373  

Anadolu Efes Biracilik Ve Malt Sanayii AS

     271,607       1,259,976  

Aselsan Elektronik Sanayi Ve Ticaret AS

     2,233,090       3,723,656  

BIM Birlesik Magazalar AS

     569,700       7,144,004  

Dogan Sirketler Grubu Holding AS

     4,103,879       1,789,234  

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     6,201,903       2,054,016  

Eregli Demir ve Celik Fabrikalari TAS(b)

     2,259,832       3,204,256  

Ford Otomotiv Sanayi AS

     132,073       3,838,800  

Haci Omer Sabanci Holding AS

     1,736,555       4,150,276  

Hektas Ticaret TAS(b)

     1,240,127       726,714  

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D

     1,940,594       1,709,607  

KOC Holding AS

     968,291       5,113,976  

Kontrolmatik Enerji Ve Muhendislik AS, NVS

     97,044       775,521  

Koza Altin Isletmeleri AS

     1,369,175       936,697  

Koza Anadolu Metal Madencilik Isletmeleri AS(a)(b)

     437,012       707,374  

Migros Ticaret AS(a)

     222,478       2,992,277  

ODAS Elektrik Uretim ve Sanayi Ticaret AS(b)

     3,024,048       921,078  

Pegasus Hava Tasimaciligi AS(b)

     99,268       2,453,865  

Petkim Petrokimya Holding AS(b)

     2,052,002       1,466,312  

Sasa Polyester Sanayi AS(b)

     1,215,811       1,542,551  

Sok Marketler Ticaret AS

     805,667       1,688,871  

TAV Havalimanlari Holding AS(b)

     374,609       1,707,313  

Tekfen Holding AS

     283,600       390,470  

Tofas Turk Otomobil Fabrikasi AS

     198,905       1,613,502  

Turk Hava Yollari AO(b)

     817,962       7,332,121  

Turkcell Iletisim Hizmetleri AS

     1,360,549       3,073,509  

Turkiye Is Bankasi AS, Class C

     4,788,319       4,037,498  

Turkiye Petrol Rafinerileri AS

     1,108,748       5,462,626  

Turkiye Sise ve Cam Fabrikalari AS

     2,109,945       3,422,297  

Ulker Biskuvi Sanayi AS(b)

     422,432       1,300,915  

Yapi ve Kredi Bankasi AS

     3,370,786       2,421,067  
   

 

 

  
      85,218,523  
United Arab Emirates — 0.4%            

Abu Dhabi Commercial Bank PJSC

     3,781,930       9,267,039  

Abu Dhabi Islamic Bank PJSC

     2,118,311       6,459,408  

Abu Dhabi National Oil Co. for Distribution PJSC

     3,507,423       3,390,014  

Air Arabia PJSC

     2,556,758       2,071,880  

Ajman Bank PJSC(b)

     1,942,231       1,084,026  

Aldar Properties PJSC

     5,462,965       7,585,489  

Americana Restaurants International PLC

     2,713,162       2,297,318  

Aramex PJSC

     976,613       561,035  

Dubai Financial Market PJSC

     1,857,934       687,946  

Dubai Investments PJSC

     3,120,698       2,005,158  

Dubai Islamic Bank PJSC

     2,833,534       4,875,627  

Emaar Properties PJSC

     8,153,553       16,485,434  

Emirates Central Cooling Systems Corp.

     3,445,309       1,641,539  

Emirates NBD Bank PJSC

     2,339,970       11,276,350  

Emirates Telecommunications Group Co. PJSC

     4,079,180       21,301,317  

First Abu Dhabi Bank PJSC

     5,352,462       21,338,607  
Security   Shares     Value  
United Arab Emirates (continued)            

Gulf Navigation Holding PJSC(b)

     626,582     $ 1,194,156  

Multiply Group PJSC(b)

     4,413,965       3,465,911  

National Central Cooling Co. PJSC

     328,382       286,992  

Taaleem Holdings PJSC, NVS

     387,655       406,341  
   

 

 

  
       117,681,587  
United Kingdom — 9.3%            

3i Group PLC

     1,160,276       36,322,368  

4imprint Group PLC

     34,165       2,342,830  

888 Holdings PLC(b)

     775,165       762,317  

abrdn PLC

     1,872,379       3,983,364  

Admiral Group PLC

     270,722       8,608,181  

AG Barr PLC

     185,045       1,332,003  

Airtel Africa PLC(c)

     1,509,506       2,143,783  

AJ Bell PLC

     460,926       1,848,192  

Anglo American PLC

     1,456,263       34,713,934  

Anglogold Ashanti PLC, NVS

     482,940       8,642,254  

Antofagasta PLC

     441,802       9,629,189  

Ascential PLC(b)

     732,033       2,819,614  

Ashmore Group PLC

     430,259       1,157,057  

Ashtead Group PLC

     520,220       34,018,168  

ASOS PLC(a)(b)

     85,271       398,284  

Associated British Foods PLC

     404,998       11,995,776  

Assura PLC

     3,439,724       1,941,571  

Aston Martin Lagonda Global
Holdings PLC(b)(c)

     553,364       1,334,718  

AstraZeneca PLC

     1,791,132       237,462,620  

Auto Trader Group PLC(c)

     1,089,181       10,020,333  

Aviva PLC

     3,022,159       16,496,678  

B&M European Value Retail SA

     1,060,265       6,948,677  

Babcock International Group PLC

     358,329       2,047,937  

BAE Systems PLC

     3,569,062       53,166,404  

Balfour Beatty PLC

     794,687       3,343,595  

Bank of Georgia Group PLC

     49,428       2,377,192  

Barclays PLC

     17,723,354       32,935,792  

Barratt Developments PLC

     1,196,128       8,152,006  

Beazley PLC

     769,574       5,297,412  

Bellway PLC

     145,213       5,059,529  

Berkeley Group Holdings PLC

     133,545       8,086,768  

Big Yellow Group PLC

     225,770       3,264,639  

Bodycote PLC

     263,766       2,126,773  

boohoo Group PLC(a)(b)

     1,341,737       618,600  

BP PLC

     19,754,827       115,376,417  

Breedon Group PLC

     403,653       1,859,483  

British American Tobacco PLC

     2,451,841       72,289,113  

British Land Co. PLC (The)

     1,009,454       4,852,162  

Britvic PLC

     296,162       3,312,253  

BT Group PLC

     7,518,667       10,651,932  

Bunzl PLC

     388,392       15,784,160  

Burberry Group PLC

     456,136       7,513,437  

Burford Capital Ltd.

     245,724       3,746,215  

Bytes Technology Group PLC

     257,679       2,139,153  

C&C Group PLC

     690,748       1,344,592  

Capita PLC(b)

     2,430,989       587,199  

Capital & Counties Properties PLC

     1,880,304       3,167,542  

Carnival PLC(b)

     165,027       2,479,391  

Centamin PLC

     2,503,032       3,049,254  

Centrica PLC

     6,458,436       11,302,580  

Ceres Power Holdings PLC(a)(b)

     218,022       660,908  

Close Brothers Group PLC

     169,550       1,165,413  

Coats Group PLC

     2,101,279       1,906,673  

Coca-Cola Europacific Partners PLC

     242,684       16,720,928  

Compass Group PLC

     2,037,352       56,116,317  

Computacenter PLC

     97,328       3,555,706  

 

 

118  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United Kingdom (continued)      

ConvaTec Group PLC(c)

     1,724,598     $ 5,248,598  

Craneware PLC

     42,660       1,162,355  

Cranswick PLC

     56,285       2,870,319  

Crest Nicholson Holdings PLC

     493,455       1,309,495  

Croda International PLC

     165,700       10,029,255  

Currys PLC

     1,368,021       857,831  

CVS Group PLC

     127,223       2,721,558  

Darktrace PLC(b)

     403,263       1,748,554  

DCC PLC

     97,611       7,096,253  

Deliveroo PLC, Class A(b)(c)

     1,241,468       1,848,642  

Derwent London PLC

     118,555       3,195,275  

Diageo PLC

     2,595,648       93,749,261  

Diploma PLC

     161,637       6,662,957  

Direct Line Insurance Group PLC(b)

     1,499,675       3,200,237  

Diversified Energy Co. PLC

     76,728       884,931  

Domino’s Pizza Group PLC

     575,665       2,542,267  

Dowlais Group PLC

     1,643,431       1,877,310  

Dr. Martens PLC

     779,410       877,578  

Drax Group PLC

     490,881       3,167,701  

DS Smith PLC

     1,608,964       5,736,910  

Dunelm Group PLC

     175,715       2,420,471  

easyJet PLC(b)

     437,389       3,062,178  

Elementis PLC(b)

     1,073,267       1,923,491  

Endeavour Mining PLC

     181,667       3,227,115  

Energean PLC

     230,745       2,772,522  

Entain PLC

     730,423       8,896,839  

Essentra PLC

     409,244       897,239  

Experian PLC

     1,066,714        44,399,186  

FD Technologies PLC(a)(b)

     32,999       524,355  

Ferrexpo PLC

     409,886       450,881  

Fevertree Drinks PLC

     163,297       2,090,158  

Firstgroup PLC

     1,842,487       3,879,226  

Frasers Group PLC(a)(b)

     323,151       3,306,317  

Future PLC

     157,129       1,408,055  

Games Workshop Group PLC

     42,502       5,335,110  

Gamma Communications PLC

     129,090       1,953,334  

GB Group PLC

     324,485       1,158,818  

Genuit Group PLC

     404,582       2,163,661  

Genus PLC

     84,535       2,455,361  

Glencore PLC

     12,068,146       63,852,056  

Grafton Group PLC

     289,540       3,566,233  

Grainger PLC

     881,829       2,941,371  

Great Portland Estates PLC

     320,884       1,688,390  

Greatland Gold PLC(a)(b)

     7,347,458       670,423  

Greggs PLC

     117,063       3,943,302  

GSK PLC

     4,737,865       93,704,230  

Haleon PLC

     6,165,839       25,044,178  

Halfords Group PLC

     443,113       1,002,153  

Halma PLC

     454,403       12,577,460  

Hammerson PLC

     4,769,760       1,627,710  

Harbour Energy PLC

     649,543       2,282,908  

Hargreaves Lansdown PLC

     356,590       3,440,885  

Hays PLC

     1,653,660       2,057,741  

Hikma Pharmaceuticals PLC

     184,011       4,489,326  

Hill & Smith PLC

     115,096       2,724,394  

Hiscox Ltd.

     373,822       4,922,208  

Hochschild Mining PLC(b)

     559,340       735,383  

Howden Joinery Group PLC

     717,668       7,267,739  

HSBC Holdings PLC

     22,648,999       176,836,644  

Hunting PLC

     272,477       1,134,344  

Ibstock PLC(c)

     669,179       1,300,910  

IG Group Holdings PLC

     437,490       3,931,344  
Security   Shares     Value  
United Kingdom (continued)            

IMI PLC

     301,263     $ 6,389,652  

Imperial Brands PLC

     1,039,318       24,948,961  

Inchcape PLC

     459,687       3,958,250  

Indivior PLC, NVS(b)

     201,070       3,534,299  

Informa PLC

     1,738,982       17,079,497  

IntegraFin Holdings PLC

     403,145       1,503,459  

InterContinental Hotels Group PLC

     199,844       18,935,831  

Intermediate Capital Group PLC

     351,194       7,917,703  

International Distributions Services PLC(b)

     784,509       2,751,969  

Intertek Group PLC

     188,094       10,676,341  

Investec PLC

     771,137       5,020,499  

IP Group PLC

     1,877,588       1,246,841  

ITM Power PLC(a)(b)

     815,159       614,475  

ITV PLC

     4,160,443       3,151,370  

IWG PLC(b)

     942,583       2,233,724  

J D Wetherspoon PLC(b)

     130,727       1,391,631  

J Sainsbury PLC

     1,790,856       6,114,269  

JD Sports Fashion PLC

     3,290,305       4,862,129  

JET2 PLC

     199,852       3,383,720  

John Wood Group PLC(b)

     831,552       1,648,583  

Johnson Matthey PLC

     213,237       4,396,728  

JTC PLC(c)

     182,738       1,836,881  

Jupiter Fund Management PLC

     630,118       631,253  

Just Group PLC

     1,625,283       1,751,272  

Kainos Group PLC

     156,463       2,274,336  

Keller Group PLC

     123,840       1,371,677  

Keywords Studios PLC

     90,014       1,882,359  

Kingfisher PLC

     2,403,951       6,683,765  

Lancashire Holdings Ltd.

     328,428       2,526,436  

Land Securities Group PLC

     780,967       6,584,099  

Learning Technologies Group PLC

     977,412       996,922  

Legal & General Group PLC

     6,802,316        21,879,256  

Liontrust Asset Management PLC

     138,889       1,096,275  

Lloyds Banking Group PLC

     73,884,076       39,605,952  

London Stock Exchange Group PLC

     491,018       55,541,030  

LondonMetric Property PLC

     987,077       2,411,818  

M&G PLC

     2,896,838       8,190,424  

Man Group PLC/Jersey

     1,596,105       4,795,927  

Marks & Spencer Group PLC

     2,216,316       6,924,426  

Marshalls PLC

     350,486       1,243,695  

Melrose Industries PLC

     1,643,431       12,249,291  

Mitchells & Butlers PLC(b)

     464,527       1,531,785  

Mitie Group PLC

     2,200,612       2,883,657  

Mobico Group PLC

     655,448       709,272  

Mondi PLC, NVS

     486,318       8,714,636  

Moneysupermarket.com Group PLC

     713,761       2,302,959  

Morgan Advanced Materials PLC

     480,125       1,648,933  

National Grid PLC

     4,212,466       56,106,271  

NatWest Group PLC, NVS

     6,469,238       18,257,084  

NCC Group PLC

     505,324       776,161  

Network International Holdings PLC(b)(c)

     603,612       2,963,446  

Next PLC

     150,068       16,020,737  

Ninety One PLC

     583,204       1,304,502  

NMC Health PLC, NVS(d)

     74,553       1  

Ocado Group PLC(b)

     652,922       4,472,456  

OSB Group PLC

     574,639       3,269,855  

Oxford Instruments PLC

     37,557       1,056,631  

Oxford Nanopore Technologies PLC(b)

     663,469       1,347,826  

Pagegroup PLC

     420,558       2,444,215  

Paragon Banking Group PLC

     447,558       3,986,212  

Pearson PLC

     818,614       10,042,574  

Pennon Group PLC

     305,933       2,723,903  

 

 

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

   119

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
United Kingdom (continued)            

Persimmon PLC

     378,542     $ 6,972,026  

Petrofac Ltd.(a)(b)

     650,490       251,887  

Pets at Home Group PLC

     618,643       2,196,786  

Phoenix Group Holdings PLC

     761,789       4,863,741  

Playtech PLC(b)

     349,824       1,970,168  

Plus500 Ltd.

     148,037       3,348,133  

Premier Foods PLC

     1,191,592       2,147,369  

Primary Health Properties PLC

     1,641,527       2,021,019  

Prudential PLC

     3,203,184       32,904,923  

QinetiQ Group PLC

     721,504       3,258,472  

Quilter PLC(c)

     1,438,558       1,910,420  

Rathbones Group PLC

     77,563       1,622,500  

Reckitt Benckiser Group PLC

     835,099       60,378,404  

Redde Northgate PLC

     524,487       2,359,623  

Redrow PLC

     364,490       2,768,861  

RELX PLC

     2,216,401       91,479,865  

Renishaw PLC

     47,871       2,117,177  

Rentokil Initial PLC

     2,976,335       15,327,368  

RHI Magnesita NV

     59,294       2,527,821  

Rightmove PLC

     1,009,459       7,144,115  

Rio Tinto PLC

     1,299,540       89,953,397  

Rolls-Royce Holdings PLC(b)

     9,863,643       37,446,828  

Rotork PLC

     947,374       3,734,647  

RS GROUP PLC

     561,343       5,562,324  

RWS Holdings PLC

     479,818       1,444,783  

S4 Capital PLC(b)

     490,124       273,290  

Safestore Holdings PLC

     273,207       2,845,241  

Sage Group PLC (The)

     1,177,857       17,535,842  

Savills PLC

     208,490       2,676,543  

Schroders PLC

     776,713       3,973,740  

Segro PLC

     1,434,081       15,927,003  

Serco Group PLC

     1,387,530       3,027,785  

Severn Trent PLC

     300,978       9,893,455  

Shell PLC

     7,693,714       238,522,889  

Sirius Real Estate Ltd.

     1,566,877       1,803,019  

Smart Metering Systems PLC

     180,127       2,170,895  

Smith & Nephew PLC

     1,004,957       14,054,325  

Smiths Group PLC

     455,492       9,334,689  

Softcat PLC

     148,342       2,718,391  

SolGold PLC(a)(b)

     2,021,900       199,864  

Spectris PLC

     130,577       6,078,804  

Spirax-Sarco Engineering PLC

     91,076       11,462,900  

Spire Healthcare Group PLC(c)

     685,026       2,052,995  

Spirent Communications PLC

     819,115       1,221,926  

SSE PLC

     1,245,777       26,532,474  

SSP Group PLC(b)

     878,524       2,500,258  

St. James’s Place PLC

     605,073       4,981,144  

Standard Chartered PLC

     2,681,682       20,266,922  

Supermarket Income REIT PLC

     191,381       196,455  

Synthomer PLC(b)

     187,284       373,948  

Tate & Lyle PLC

     466,822       3,685,691  

Taylor Wimpey PLC

     4,295,940       8,020,485  

TBC Bank Group PLC

     50,537       1,866,928  

Team17 Group PLC(b)

     153,538       525,363  

Telecom Plus PLC

     100,522       1,852,273  

Tesco PLC

     8,174,379        29,620,839  

THG PLC, Class B(a)(b)

     1,099,835       917,109  

TP ICAP Group PLC

     901,364       2,135,568  

Trainline PLC(b)(c)

     586,204       2,454,530  

Travis Perkins PLC

     193,910       1,934,178  

Tritax Big Box REIT PLC

     1,902,239       3,982,504  

TUI AG(b)

     469,298       3,233,276  
Security   Shares     Value  
United Kingdom (continued)            

Unilever PLC

     2,883,665     $ 140,319,756  

UNITE Group PLC (The)

     393,517       5,027,509  

United Utilities Group PLC

     761,003       10,249,768  

Vanquis Banking Group PLC

     488,259       731,387  

Vesuvius PLC

     337,022       2,029,240  

Victoria PLC(a)(b)

     166,244       587,800  

Victrex PLC

     104,646       1,807,582  

Virgin Money UK PLC

     1,517,145       2,996,473  

Vistry Group PLC

     462,577       5,851,276  

Vodafone Group PLC

     26,536,512       22,559,763  

Watches of Switzerland Group PLC(a)(b)(c)

     394,545       1,858,087  

Weir Group PLC (The)

     304,437       6,997,763  

WH Smith PLC

     146,805       2,243,361  

Whitbread PLC

     229,254       10,391,612  

Wickes Group PLC

     318,257       631,470  

Wise PLC, Class A(b)

     726,875       7,414,054  

Workspace Group PLC

     257,217       1,691,899  

WPP PLC

     1,303,318       12,603,724  

Yellow Cake PLC(b)(c)

     218,007       1,916,005  

YouGov PLC

     102,753       1,517,050  
   

 

 

  
      3,112,624,240  
   

 

 

  

Total Common Stocks — 98.8%
(Cost: $29,196,041,021)

        33,046,637,042  
   

 

 

  

Preferred Stocks

    
Brazil — 0.4%            

Alpargatas SA, Preference Shares, NVS

     313,910       543,627  

Azul SA, Preference Shares, NVS

     434,392       1,174,886  

Banco Bradesco SA, Preference Shares, NVS

     6,430,028       19,921,873  

Banco do Estado do Rio Grande do Sul SA, Class B, Preference Shares, NVS

     208,297       620,132  

Bradespar SA, Preference Shares, NVS

     341,625       1,571,458  

Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS

     335,414       3,103,378  

Cia. Energetica de Minas Gerais, Preference Shares, NVS

     1,461,319       3,397,868  

Cia. Paranaense de Energia, Preference Shares, NVS

     803,042       1,641,938  

Gerdau SA, Preference Shares, NVS

     1,372,207       5,827,393  

Itau Unibanco Holding SA, Preference Shares, NVS

     5,647,087       37,363,053  

Itausa SA, Preference Shares, NVS

     6,452,542       13,023,861  

Marcopolo SA, Preference Shares, NVS

     800,504       1,292,595  

Metalurgica Gerdau SA, Preference Shares, NVS

     1,381,597       2,763,529  

Petroleo Brasileiro SA, Preference Shares, NVS

     5,447,644       44,477,071  

Randon SA Implementos e Participacoes, Preference Shares, NVS

     481,405       1,136,856  

Unipar Carbocloro SA, Class B, Preference Shares, NVS

     78,752       1,117,285  
   

 

 

  
      138,976,803  
Chile — 0.0%            

Embotelladora Andina SA, Class B, Preference Shares, NVS

     505,713       1,288,486  

Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares, NVS

     184,972       7,942,706  
   

 

 

  
      9,231,192  
Colombia — 0.0%            

Bancolombia SA, Preference Shares, NVS

     564,470       4,447,368  
   

 

 

  

 

 

120  

2 0 2 4  I 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 Total International Stock ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Germany — 0.3%            

Bayerische Motoren Werke AG, Preference Shares, NVS

     68,601     $ 6,703,036  

Dr Ing hc F Porsche AG, Preference Shares, NVS(c)

     123,867       10,516,548  

Draegerwerk AG & Co. KGaA, Preference Shares, NVS

     12,147       624,372  

Fuchs Petrolub SE, Preference Shares, NVS

     86,870       3,807,818  

Henkel AG & Co. KGaA, Preference Shares, NVS

     197,634       15,150,330  

Jungheinrich AG, Preference Shares, NVS

     67,789       2,281,736  

Porsche Automobil Holding SE, Preference Shares, NVS

     180,672       9,019,861  

Sartorius AG, Preference Shares, NVS

     30,836       11,249,050  

Volkswagen AG, Preference Shares, NVS

     237,545       30,551,856  
   

 

 

  
      89,904,607  
Russia — 0.0%            

Surgutneftegas PJSC, Preference Shares, NVS(d)

     7,082,700       787  
   

 

 

  
South Korea — 0.2%            

Hyundai Motor Co.

    

Preference Shares, NVS

     25,718       2,274,043  

Series 2, Preference Shares, NVS

     39,739       3,511,396  

LG Chem Ltd., Preference Shares, NVS

     8,314       1,685,560  

Samsung Electronics Co. Ltd., Preference Shares, NVS

     953,757       41,732,453  
   

 

 

  
      49,203,452  
   

 

 

  

Total Preferred Stocks — 0.9%
(Cost: $286,055,633)

        291,764,209  
   

 

 

  

Rights

    
Brazil — 0.0%            

Localiza Rent a Car SA, (Expires 02/19/24, Strike Price BRL 45.35)(b)

     4,109       7,464  
   

 

 

  
South Korea — 0.0%            

LG Display Co. Ltd., (Expires 03/14/24, Strike Price KWR 10070)(b)

     76,031       90,008  

Taihan Electric Wire Co. Ltd.

     48,865       57,482  
   

 

 

  
      147,490  
Spain — 0.0%            

ACS Actividades de Construccion y Servicios SA, (Expires 02/09/24)(b)

     222,296       101,860  
   

 

 

  

Total Rights — 0.0%
(Cost: $110,417)

 

     256,814  
   

 

 

  
Security   Shares     Value  

Warrants

    
Australia — 0.0%            

Magellan Financial Group Ltd. (Issued/Exercisable 04/14/22, 1 Share for 1 Warrant, Expires 04/16/27, Strike Price AUD )(b)

     16,323     $ 1,607  

PointsBet Holdings Ltd. (Issued/Exercisable 06/20/22, 1 Share for 1 Warrant, Expires 07/08/24, Strike Price AUD 10.00)

     20,102       —  
   

 

 

  
      1,607  
Canada — 0.0%            

Constellation Software Inc., (Issued 08/29/23, 1 Share for 1 Warrant, Expires 03/31/40, Strike Price CAD 11.50 )(d)

     23,204       —  
   

 

 

  

Total Warrants — 0.0%
(Cost: $—)

 

     1,607  
   

 

 

  

Total Long-Term Investments — 99.7%
(Cost: $29,482,207,071)

 

     33,338,659,672  
   

 

 

  

Short-Term Securities

    
Money Market Funds — 1.0%            

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(f)(g)(h)

     306,184,003       306,367,713  

BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(f)(g)

     21,930,000       21,930,000  
   

 

 

  

Total Short-Term Securities — 1.0%
(Cost: $328,064,331)

 

     328,297,713  
   

 

 

  

Total Investments — 100.7%
(Cost: $29,810,271,402)

 

     33,666,957,385  

Liabilities in Excess of Other Assets — (0.7)%

 

     (233,174,017 ) 
   

 

 

  

Net Assets — 100.0%

 

   $  33,433,783,368  
   

 

 

  

 

(a) 

All or a portion of this security is on loan.

(b) 

Non-income producing security.

(c) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d) 

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.

 

 

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

   121

Schedule of Investments (unaudited) (continued)

January 31, 2024

   

iShares® Core MSCI Total International Stock ETF

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the six months ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer  

Value at

07/31/23

    

Purchases

at Cost

    

Proceeds

from Sale

    

Net Realized

Gain (Loss)

    

Change in

Unrealized

Appreciation

(Depreciation)

    

Value at

01/31/24

    

Shares

Held at

01/31/24

     Income    

Capital

Gain

Distributions

from

Underlying

Funds

  

 

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ 424,504,480     $ —     $  (118,255,576 )(a)    $ 61,416     $ 57,393     $ 306,367,713       306,184,003     $  4,177,432 (b)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     71,870,000       —       (49,940,000 )(a)      —       —       21,930,000       21,930,000       1,480,427       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ 61,416     $ 57,393     $ 328,297,713       $ 5,657,859     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (a) 

Represents net amount purchased (sold).

 
  (b) 

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

 

  
Description  

Number of

Contracts

     

Expiration

Date

     

Notional

Amount

(000)

     

Value/

Unrealized

Appreciation

(Depreciation)

  

 

  

Long Contracts

           

MSCI EAFE Index

     478        03/15/24      $ 53,369      $ 1,126,433  

MSCI Emerging Markets Index

     442        03/15/24        21,675        (348,002 ) 
          

 

 

  
           $ 778,431  
          

 

 

  

Derivative Financial Instruments Categorized by Risk Exposure

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

     

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Assets — Derivative Financial Instruments

                    

Futures contracts

                    

Unrealized appreciation on futures contracts(a)

   $ —      $ —      $  1,126,433      $ —      $ —      $ —      $  1,126,433  
 

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Liabilities — Derivative Financial Instruments

                    

Futures contracts

                    

Unrealized depreciation on futures contracts(a)

   $ —      $ —      $ 348,002      $ —      $ —      $ —      $ 348,002  
 

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Net cumulative unrealized appreciation (depreciation) on futures contracts are reported in the Schedule of Investments. In the Statements of Assets and Liabilities, only current day’s variation margin is reported in receivables or payables and the net cumulative unrealized appreciation (depreciation) is included in accumulated earnings (loss).

 

For the period ended January 31, 2024, the effect of derivative financial instruments in the Statements of Operations was as follows:

 

 

  
   

Commodity

Contracts

     

Credit

Contracts

     

Equity

Contracts

    

Foreign

Currency

Exchange

Contracts

     

Interest

Rate

Contracts

     

Other

Contracts

      Total  

 

  

Net Realized Gain (Loss) from

                   

Futures contracts

   $ —      $ —      $ (4,187,879 )    $ —      $ —      $ —      $ (4,187,879 ) 
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

Net Change in Unrealized Appreciation (Depreciation) on

                   

Futures contracts

   $ —      $ —      $ (3,629,926 )    $ —      $ —      $ —      $ (3,629,926 ) 
 

 

 

     

 

 

     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

  

 

 

122  

2 0 2 4  I 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 Total International Stock ETF

 

Average Quarterly Balances of Outstanding Derivative Financial Instruments

 

 

  

Futures contracts:

  

Average notional value of contracts — long

   $ 112,780,825   

 

  

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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

   $ 4,400,677,514     $ 28,645,253,166      $ 706,362      $ 33,046,637,042  

Preferred Stocks

     144,712,657       147,050,765        787        291,764,209  

Rights

     109,324       147,490        —        256,814  

Warrants

     1,607       —        —        1,607  

Short-Term Securities

          

Money Market Funds

     328,297,713       —        —        328,297,713  
 

 

 

    

 

 

     

 

 

     

 

 

  
  $  4,873,798,815     $ 28,792,451,421      $ 707,149      $ 33,666,957,385  
 

 

 

    

 

 

     

 

 

     

 

 

  

Derivative Financial Instruments(a)

          

Assets

          

Equity Contracts

   $ 1,126,433     $ —      $ —      $ 1,126,433  

Liabilities

          

Equity Contracts

     (348,002 )      —        —        (348,002 ) 
 

 

 

    

 

 

     

 

 

     

 

 

  
  $ 778,431     $ —      $ —        778,431  
 

 

 

    

 

 

     

 

 

     

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

See notes to financial statements.

 

 

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

   123

Statements of Assets and Liabilities (unaudited)

January 31, 2024

 

   

iShares

Core MSCI EAFE

ETF

           

iShares

Core MSCI Europe

ETF

           

iShares

Core MSCI

International

Developed Markets

ETF

           

iShares

Core MSCI Pacific
ETF

  

 

  

ASSETS

                                   

Investments, at value — unaffiliated(a)(b)

   $ 105,839,816,052        $ 4,089,331,773        $ 11,911,279,395        $ 1,841,545,171  

Investments, at value — affiliated(c)

     765,112,924          31,219,280          93,889,593          12,219,713  

Cash

     7,330          9,761          6,943          3,399  

Cash pledged for futures contracts

     18,376,314          —          —          —  

Foreign currency collateral pledged for futures contracts(d)

     11,262,271          1,572,102          3,526,600          304,878  

Foreign currency, at value(e)

     203,671,945          9,352,860          40,052,169          2,194,560  

Receivables:

                 

Investments sold

     5,746,917          —          738,144          991,175  

Securities lending income — affiliated

     972,248          28,220          78,072          15,222  

Capital shares sold

     3,150,507          564,150          —          —  

Dividends — unaffiliated

     84,520,968          2,316,351          10,222,448          2,268,102  

Dividends — affiliated

     129,851          1,795          21,351          1,011  

Tax reclaims

     180,290,893          11,108,695          11,513,250          2,378  
 

 

 

       

 

 

       

 

 

       

 

 

  

Total assets

     107,113,058,220          4,145,504,987          12,071,327,965          1,859,545,609  
 

 

 

       

 

 

       

 

 

       

 

 

  

LIABILITIES

                 

Collateral on securities loaned, at value

     736,697,222          29,519,203          88,469,218          11,901,071  

Payables:

                 

Investments purchased

     3,150,507          564,150          —          —  

Deferred foreign capital gain tax

     74,091          —          2,643          —  

Investment advisory fees

     6,250,228          308,483          403,402          138,258  

Professional fees

     —          —          60,820          —  

Variation margin on futures contracts

     1,970,599          167,374          228,537          1,603  
 

 

 

       

 

 

       

 

 

       

 

 

  

Total liabilities

     748,142,647          30,559,210          89,164,620          12,040,932  
 

 

 

       

 

 

       

 

 

       

 

 

  

Commitments and contingent liabilities

                 

NET ASSETS

   $ 106,364,915,573        $ 4,114,945,777        $ 11,982,163,345        $ 1,847,504,677  
 

 

 

       

 

 

       

 

 

       

 

 

  

NET ASSETS CONSIST OF

                 

Paid-in capital

   $ 98,863,106,116        $ 4,392,719,967        $ 10,997,303,166        $ 1,838,627,212  

Accumulated earnings (loss)

     7,501,809,457          (277,774,190 )         984,860,179          8,877,465  
 

 

 

       

 

 

       

 

 

       

 

 

  

NET ASSETS

   $ 106,364,915,573        $ 4,114,945,777        $ 11,982,163,345        $ 1,847,504,677  
 

 

 

       

 

 

       

 

 

       

 

 

  

NET ASSET VALUE

                 

Shares outstanding

     1,525,000,000          75,700,000          189,900,000          31,000,000  
 

 

 

       

 

 

       

 

 

       

 

 

  

Net asset value

   $ 69.75        $ 54.36        $ 63.10        $ 59.60  
 

 

 

       

 

 

       

 

 

       

 

 

  

Shares authorized

     Unlimited          Unlimited          Unlimited          Unlimited  
 

 

 

       

 

 

       

 

 

       

 

 

  

Par value

     None          None          None          None  
 

 

 

       

 

 

       

 

 

       

 

 

  

(a) Investments, at cost — unaffiliated

   $ 94,004,810,225        $ 4,188,696,000        $ 10,628,535,482        $ 1,739,415,178  

(b) Securities loaned, at value

   $ 677,098,647        $ 27,196,474        $ 81,440,725        $ 11,151,532  

(c)  Investments, at cost — affiliated

   $ 764,644,913        $ 31,197,299        $ 93,834,334        $ 12,216,575  

(d) Foreign currency collateral pledged, at cost

   $ 11,335,186        $ 1,626,348        $ 3,550,408        $ 314,582  

(e) Foreign currency, at cost

   $ 205,607,327        $ 9,362,112        $ 40,443,996        $ 2,245,998  

See notes to financial statements.

 

 

124  

2 0 2 4  I 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

Statements of Assets and Liabilities (unaudited) (continued)

January 31, 2024

 

   

iShares

Core MSCI Total

International Stock

ETF

  

 

  

ASSETS

  

Investments, at value — unaffiliated(a)(b)

   $ 33,338,659,672  

Investments, at value — affiliated(c)

     328,297,713  

Cash

     6,489  

Cash pledged for futures contracts

     2,508,000  

Foreign currency, at value(d)

     52,141,270  

Receivables:

  

Investments sold

     2,342,472  

Securities lending income — affiliated

     409,736  

Capital shares sold

     37,976,517  

Dividends — unaffiliated

     32,987,566  

Dividends — affiliated

     151,609  

Tax reclaims

     35,341,082  
 

 

 

  

Total assets

     33,830,822,126  
 

 

 

  

LIABILITIES

  

Collateral on securities loaned, at value

     306,221,778  

Payables:

  

Investments purchased

     37,377,554  

Deferred foreign capital gain tax

     51,057,356  

Investment advisory fees

     1,973,138  

Professional fees

     3,654  

Variation margin on futures contracts

     405,278  
 

 

 

  

Total liabilities

     397,038,758  
 

 

 

  

Commitments and contingent liabilities

  

NET ASSETS

   $ 33,433,783,368  
 

 

 

  

NET ASSETS CONSIST OF

  

Paid-in capital

   $ 31,297,700,047  

Accumulated earnings

     2,136,083,321  
 

 

 

  

NET ASSETS

   $ 33,433,783,368  
 

 

 

  

NET ASSET VALUE

  

Shares outstanding

     524,800,000  
 

 

 

  

Net asset value

   $ 63.71  
 

 

 

  

Shares authorized

     Unlimited  
 

 

 

  

Par value

     None  
 

 

 

  

(a) Investments, at cost — unaffiliated

   $ 29,482,207,071  

(b) Securities loaned, at value

   $ 278,944,546  

(c)  Investments, at cost — affiliated

   $ 328,064,331  

(d) Foreign currency, at cost

   $ 52,396,608  

See notes to financial statements.

 

 

F I N A N C I A L  S T A T E M E N T S

   125

Statements of Operations (unaudited)

Six Months Ended January 31, 2024

 

   

iShares

Core MSCI EAFE

ETF

          

iShares

Core MSCI

Europe ETF

          

iShares

Core MSCI

International
Developed

Markets ETF

          

iShares

Core MSCI

Pacific ETF

  

 

  

INVESTMENT INCOME

                                   

Dividends — unaffiliated

   $ 1,040,760,991       $ 33,510,583       $ 123,211,362       $ 24,271,575  

Dividends — affiliated

     1,484,551         39,957         165,387         28,520  

Interest — unaffiliated

     629,650         48,464         85,726         807  

Securities lending income — affiliated — net

     6,651,361         228,309         640,654         111,461  

Other income — unaffiliated

     9,617         47,454         56,335         —  

Foreign taxes withheld

     (60,275,617 )        (1,595,984 )        (8,959,782 )        (1,388,046 ) 

Foreign withholding tax claims

     119,966         897,431         538,932         —  
 

 

 

      

 

 

      

 

 

      

 

 

  

Total investment income

     989,380,519         33,176,214         115,738,614         23,024,317  
 

 

 

      

 

 

      

 

 

      

 

 

  

EXPENSES

              

Investment advisory

     35,006,502         1,832,201         2,247,810         772,744  

Professional

     12,964         98,276         63,314         —  
 

 

 

      

 

 

      

 

 

      

 

 

  

Total expenses

     35,019,466         1,930,477         2,311,124         772,744  
 

 

 

      

 

 

      

 

 

      

 

 

  

Net investment income

     954,361,053         31,245,737         113,427,490         22,251,573  
 

 

 

      

 

 

      

 

 

      

 

 

  

REALIZED AND UNREALIZED GAIN (LOSS)

              

Net realized gain (loss) from:

              

Investments — unaffiliated

     (316,525,128 )        (25,276,041 )        (19,877,600 )        (10,443,077 ) 

Investments — affiliated

     117,375         7,294         8,372         1,663  

Foreign currency transactions

     (996,552 )        (178,681 )        (67,562 )        131,979  

Futures contracts

     22,814,275         241,181         1,901,703         396,774  

In-kind redemptions — unaffiliated(a)

     —         74,462,134         —         —  
 

 

 

      

 

 

      

 

 

      

 

 

  
    (294,590,030 )        49,255,887         (18,035,087 )        (9,912,661 ) 
 

 

 

      

 

 

      

 

 

      

 

 

  

Net change in unrealized appreciation (depreciation) on:

              

Investments — unaffiliated(b)

     1,488,567,376         (21,551,105 )        140,272,800         35,939,064  

Investments — affiliated

     107,456         2,702         22,564         2,252  

Foreign currency translations

     (4,239,687 )        45,849         (711,492 )        (209,065 ) 

Futures contracts

     (934,212 )        (328,533 )        77,231         (1,142 ) 
 

 

 

      

 

 

      

 

 

      

 

 

  
    1,483,500,933         (21,831,087 )        139,661,103         35,731,109  
 

 

 

      

 

 

      

 

 

      

 

 

  

Net realized and unrealized gain

     1,188,910,903         27,424,800         121,626,016         25,818,448  
 

 

 

      

 

 

      

 

 

      

 

 

  

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 2,143,271,956       $ 58,670,537       $ 235,053,506       $ 48,070,021  
 

 

 

      

 

 

      

 

 

      

 

 

  

(a) See Note 2 of the Notes to Financial Statements.

              

(b) Net of increase in deferred foreign capital gain tax of

   $ (17,987 )      $ —       $ (886 )      $ —  

See notes to financial statements.

 

 

126  

2 0 2 4  I 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

Statements of Operations (unaudited) (continued)

Six Months Ended January 31, 2024

 

   

iShares

Core MSCI

Total

International

Stock ETF

  

 

  

INVESTMENT INCOME

  

Dividends — unaffiliated

   $ 341,472,771  

Dividends — affiliated

     1,480,427  

Interest — unaffiliated

     198,405  

Securities lending income — affiliated — net

     4,177,432  

Other income — unaffiliated

     36,782  

Foreign taxes withheld

     (29,080,641 ) 

Foreign withholding tax claims

     26,381  

Other foreign taxes

     (222,465 ) 
 

 

 

  

Total investment income

     318,089,092  
 

 

 

  

EXPENSES

  

Investment advisory

     11,180,643  

Interest expense

     86,996  

Commitment costs

     19,473  

Professional

     10,081  
 

 

 

  

Total expenses

     11,297,193  
 

 

 

  

Net investment income

     306,791,899  
 

 

 

  

REALIZED AND UNREALIZED GAIN (LOSS)

  

Net realized gain (loss) from:

  

Investments — unaffiliated(a)

     (123,421,947 ) 

Investments — affiliated

     61,416  

Foreign currency transactions

     (470,577 ) 

Futures contracts

     (4,187,879 ) 
 

 

 

  
    (128,018,987 ) 
 

 

 

  

Net change in unrealized appreciation (depreciation) on:

  

Investments — unaffiliated(b)

     (247,696,469 ) 

Investments — affiliated

     57,393  

Foreign currency translations

     (1,246,878 ) 

Futures contracts

     (3,629,926 ) 
 

 

 

  
    (252,515,880 ) 
 

 

 

  

Net realized and unrealized loss

     (380,534,867 ) 
 

 

 

  

NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ (73,742,968 ) 
 

 

 

  

(a) Net of foreign capital gain tax and capital gain tax refund, if applicable of

   $ (67,549 ) 

(b) Net of increase in deferred foreign capital gain tax of

   $ (30,583,469 ) 

See notes to financial statements.

 

 

F I N A N C I A L  S T A T E M E N T S

   127

Statements of Changes in Net Assets

 

    iShares
Core MSCI EAFE ETF		           iShares
Core MSCI Europe ETF		  
   

Six Months Ended

01/31/24

(unaudited)

           

Year Ended

07/31/23

          

 

     

Six Months Ended

01/31/24

(unaudited)

           

Year Ended

07/31/23

  

 

  

INCREASE (DECREASE) IN NET ASSETS

                                     

OPERATIONS

                   

Net investment income

   $ 954,361,053        $ 2,934,336,151          $ 31,245,737        $ 132,228,856  

Net realized gain (loss)

     (294,590,030 )         (535,403,304 )           49,255,887          (44,881,380 ) 

Net change in unrealized appreciation (depreciation)

     1,483,500,933          10,854,004,778            (21,831,087 )         544,173,475  
 

 

 

       

 

 

         

 

 

       

 

 

  

Net increase in net assets resulting from operations

     2,143,271,956          13,252,937,625            58,670,537          631,520,951  
 

 

 

       

 

 

         

 

 

       

 

 

  

DISTRIBUTIONS TO SHAREHOLDERS(a)

                   

Decrease in net assets resulting from distributions to shareholders

     (1,451,329,376 )         (2,335,829,412 )           (42,457,079 )         (123,397,635 ) 
 

 

 

       

 

 

         

 

 

       

 

 

  

CAPITAL SHARE TRANSACTIONS

                   

Net increase (decrease) in net assets derived from capital share transactions

     3,669,266,813          2,263,134,016            (291,101,200 )         (45,011,400 ) 
 

 

 

       

 

 

         

 

 

       

 

 

  

NET ASSETS

                   

Total increase (decrease) in net assets

     4,361,209,393          13,180,242,229            (274,887,742 )         463,111,916  

Beginning of period

     102,003,706,180          88,823,463,951            4,389,833,519          3,926,721,603  
 

 

 

       

 

 

         

 

 

       

 

 

  

End of period

   $ 106,364,915,573        $ 102,003,706,180          $ 4,114,945,777        $ 4,389,833,519  
 

 

 

       

 

 

         

 

 

       

 

 

  

 

(a)

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

 

 

128  

2 0 2 4  I 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

Statements of Changes in Net Assets (continued)

 

    iShares
Core MSCI International Developed Markets
ETF		           iShares
Core MSCI Pacific ETF		  
         

Six Months Ended

01/31/24

(unaudited)

    

Year Ended

07/31/23

                 

Six Months Ended

01/31/24

(unaudited)

    

Year Ended

07/31/23

  

 

  

INCREASE (DECREASE) IN NET ASSETS

      

OPERATIONS

      

Net investment income

     $ 113,427,490     $ 293,536,299          $ 22,251,573     $ 48,752,006  

Net realized gain (loss)

       (18,035,087 )        (21,298,349 )           (9,912,661 )        90,745,322  

Net change in unrealized appreciation (depreciation)

       139,661,103       1,136,036,244            35,731,109       30,947,793  
   

 

 

    

 

 

         

 

 

    

 

 

  

Net increase in net assets resulting from operations

       235,053,506       1,408,274,194            48,070,021       170,445,121  
   

 

 

    

 

 

         

 

 

    

 

 

  

DISTRIBUTIONS TO SHAREHOLDERS(a)

      

Decrease in net assets resulting from distributions to shareholders

       (161,910,383 )      (243,534,870 )           (33,494,135 )      (38,736,051 ) 
   

 

 

    

 

 

         

 

 

    

 

 

  

CAPITAL SHARE TRANSACTIONS

      

Net increase in net assets derived from capital share transactions

             528,233,062       2,838,953,351            95,992,523       104,176,179  
   

 

 

    

 

 

         

 

 

    

 

 

  

NET ASSETS

      

Total increase in net assets

       601,376,185       4,003,692,675            110,568,409       235,885,249  

Beginning of period

       11,380,787,160       7,377,094,485            1,736,936,268       1,501,051,019  
   

 

 

    

 

 

         

 

 

    

 

 

  

End of period

     $ 11,982,163,345     $ 11,380,787,160          $ 1,847,504,677     $ 1,736,936,268  
   

 

 

    

 

 

         

 

 

    

 

 

  

 

(a) 

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

 

 

F I N A N C I A L  S T A T E M E N T S

   129

Statements of Changes in Net Assets (continued)

 

    iShares
Core MSCI Total International Stock ETF		  
     

 Six Months Ended

01/31/24

(unaudited)

  

 

 

       

 Year Ended

07/31/23

 (a) 

 

 

  

INCREASE (DECREASE) IN NET ASSETS

         

OPERATIONS

         

Net investment income

     $ 306,791,899        $ 929,365,736  

Net realized loss

       (128,018,987 )         (225,978,064 ) 

Net change in unrealized appreciation (depreciation)

       (252,515,880 )         3,126,687,616  
   

 

 

       

 

 

  

Net increase (decrease) in net assets resulting from operations

       (73,742,968 )         3,830,075,288  
   

 

 

       

 

 

  

DISTRIBUTIONS TO SHAREHOLDERS(b)

         

Decrease in net assets resulting from distributions to shareholders

       (540,028,265 )         (735,951,498 ) 
   

 

 

       

 

 

  

CAPITAL SHARE TRANSACTIONS

         

Net increase in net assets derived from capital share transactions

       955,915,535          1,884,043,701  
   

 

 

       

 

 

  

NET ASSETS

         

Total increase in net assets

       342,144,302          4,978,167,491  

Beginning of period

       33,091,639,066          28,113,471,575  
   

 

 

       

 

 

  

End of period

     $ 33,433,783,368        $ 33,091,639,066  
   

 

 

       

 

 

  

 

(a) 

Consolidated Statement of Changes in Net Assets.

(b) 

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

See notes to financial statements.

 

 

130  

2 0 2 4  I 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

Financial Highlights

(For a share outstanding throughout each period)

 

    iShares Core MSCI EAFE ETF  
   

Six Months Ended

01/31/24

(unaudited)

    

Year Ended

07/31/23

    

Year Ended

07/31/22

    

Year Ended

07/31/21

     Year Ended
07/31/20		    

Year Ended

07/31/19

  

 

  

Net asset value, beginning of period

     $ 69.41     $ 61.88     $ 75.40     $ 58.48     $ 60.80     $ 64.89  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income(a)

       0.64       2.03 (b)      2.10 (b)      1.76       1.52       2.00  

Net realized and unrealized gain (loss)(c)

       0.67       7.12       (12.90 )      16.86       (2.26 )      (4.14 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) from investment operations

       1.31       9.15       (10.80 )      18.62       (0.74 )      (2.14 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Distributions from net investment income(d)

       (0.97 )      (1.62 )      (2.72 )      (1.70 )      (1.58 )      (1.95 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net asset value, end of period

     $ 69.75     $ 69.41     $ 61.88     $ 75.40     $ 58.48     $ 60.80  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Return(e)

              

Based on net asset value

       1.91 %(f)      14.94 %(b)      (14.58 )%(b)      31.95 %      (1.30 )%      (3.13 )% 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratios to Average Net Assets(g)

              

Total expenses

       0.07 %(h)      0.07 %      0.07 %      0.08 %      0.07 %      0.08 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total expenses excluding professional fees for foreign withholding tax claims

       0.07 %(h)      0.07 %      0.07 %      0.07 %      N/A       0.08 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income

       1.91 %(h)      3.21 %(b)      3.00 %(b)      2.55 %(b)      2.57 %      3.31 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Supplemental Data

              

Net assets, end of period (000)

           $ 106,364,916     $ 102,003,706     $ 88,823,464     $ 99,092,545     $ 66,212,280     $ 64,849,495  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Portfolio turnover rate(i)

       1 %      3 %      4 %      2 %      2 %      3 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) 

Based on average shares outstanding.

(b) 

Reflects the positive effect of foreign withholding tax claims, net of the associated professional fees, which resulted in the following increases for the years ended July 31, 2023 and July 31, 2022, respectively:

• Net investment income per share by $0.02 and $0.01.

• Total return by 0.03% and 0.02%.

• Ratio of net investment income to average net assets by 0.03% and 0.02%.

(c) 

The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

(d) 

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

(e) 

Where applicable, assumes the reinvestment of distributions.

(f) 

Not annualized.

(g) 

Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

(h) 

Annualized.

(i) 

Portfolio turnover rate excludes in-kind transactions.

See notes to financial statements.

 

F I N A N C I A L  H I G H L I G H T S

   131

Financial Highlights (continued)

(For a share outstanding throughout each period)

 

    iShares Core MSCI Europe ETF  
   

Six Months Ended

01/31/24

(unaudited)

    

Year Ended

07/31/23

    

Year Ended

07/31/22

    

Year Ended

07/31/21

    

Year Ended

07/31/20

     Year Ended
07/31/19		  

 

  

Net asset value, beginning of period

     $ 54.06     $ 47.25     $ 58.23     $ 44.41     $ 45.70     $ 49.27  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income(a)

       0.40 (b)      1.65 (b)      1.61 (b)      1.28       1.09       1.64  

Net realized and unrealized gain (loss)(c)

       0.47       6.67       (10.68 )      13.91       (1.39 )      (3.65 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) from investment operations

       0.87       8.32       (9.07 )      15.19       (0.30 )      (2.01 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Distributions from net investment income(d)

             (0.57 )      (1.51 )      (1.91 )      (1.37 )      (0.99 )      (1.56 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net asset value, end of period

     $ 54.36     $ 54.06     $ 47.25     $ 58.23     $ 44.41     $ 45.70  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Return(e)

              

Based on net asset value

       1.61 %(b)(f)      17.84 %(b)      (15.80 )%(b)      34.39 %      (0.66 )%      (3.96 )% 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratios to Average Net Assets(g)

              

Total expenses

       0.09 %(h)      0.11 %      0.09 %      0.09 %      0.09 %      0.10 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total expenses excluding professional fees for foreign withholding tax claims

       0.09 %(h)      0.09 %      0.09 %      0.09 %      N/A       0.10 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income

       1.53 %(b)(h)      3.36 %(b)      2.98 %(b)      2.46 %      2.45 %      3.62 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Supplemental Data

              

Net assets, end of period (000)

     $ 4,114,946     $ 4,389,834     $ 3,926,722     $ 5,287,174     $ 3,463,613     $ 3,217,533  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Portfolio turnover rate(i)

       2 %      5 %      5 %      3 %      3 %      4 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) 

Based on average shares outstanding.

(b) 

Reflects, the one-time, positive effect of foreign withholding tax claims, net of the associated professional fees, which resulted in the following increases for the six months ended January 31, 2024, for the years ended July 31, 2023 and July 31, 2022, respectively:

• Net investment income per share by $0.01, $0.09 and $0.01.

• Total return by 0.02%, 0.18% and 0.02%.

• Ratio of net investment income to average net assets by 0.04%, 0.18% and 0.01%.

(c) 

The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

(d) 

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

(e) 

Where applicable, assumes the reinvestment of distributions.

(f) 

Not annualized.

(g) 

Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

(h) 

Annualized.

(i) 

Portfolio turnover rate excludes in-kind transactions.

See notes to financial statements.

 

132  

2 0 2 4  I 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

Financial Highlights (continued)

(For a share outstanding throughout each period)

 

    iShares Core MSCI International Developed Markets ETF  
   

Six Months Ended

01/31/24

(unaudited)

    

Year Ended

07/31/23

    

Year Ended

07/31/22

    

Year Ended

07/31/21

    

Year Ended

07/31/20

    

Year Ended

07/31/19

  

 

  

Net asset value, beginning of period

            $ 62.81     $ 56.46     $ 67.86     $ 52.39     $ 54.31     $ 57.40  
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income(a)

        0.61 (b)      1.83 (b)      1.85       1.60       1.46       1.76  

Net realized and unrealized gain (loss)(c)

        0.55       5.94       (10.90 )      15.42       (2.04 )      (3.27 ) 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) from investment operations

        1.16       7.77       (9.05 )      17.02       (0.58 )      (1.51 ) 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Distributions from net investment income(d)

        (0.87 )      (1.42 )      (2.35 )      (1.55 )      (1.34 )      (1.58 ) 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net asset value, end of period

      $ 63.10     $ 62.81     $ 56.46     $ 67.86     $ 52.39     $ 54.31  
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Return(e)

               

Based on net asset value

        1.87 %(b)(f)      13.91 %(b)      (13.57 )%      32.63 %      (1.14 )%      (2.48 )% 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratios to Average Net Assets(g)

               

Total expenses

        0.04 %(h)      0.04 %      0.05 %      0.05 %      0.05 %      0.05 % 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total expenses after fees waived

        0.04 %(h)      0.04 %      0.05 %      0.05 %      0.05 %      0.05 % 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total expenses excluding professional fees for foreign withholding tax claims

        0.04 %(h)      0.04 %      N/A       N/A       N/A       N/A  
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income

        2.02 %(b)(h)      3.15 %(b)      2.93 %      2.56 %      2.81 %      3.28 % 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Supplemental Data

               

Net assets, end of period (000)

      $ 11,982,163     $ 11,380,787     $ 7,377,094     $ 6,158,362     $ 2,844,598     $ 1,425,653  
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Portfolio turnover rate(i)

        1 %      2 %      6 %      7 %      17 %      5 % 
    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) 

Based on average shares outstanding.

(b) 

Reflects the one-time, positive effect of foreign withholding tax claims, net of the associated professional fees, which resulted in the following increases for the six months ended January 31, 2024 and for the year ended July 31, 2023, respectively:

• Net investment income per share by $0.00 and $0.01.

• Total return by 0.00% and 0.02%.

• Ratio of net investment income to average net assets by 0.01% and 0.02%.

(c) 

The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

(d) 

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

(e) 

Where applicable, assumes the reinvestment of distributions.

(f) 

Not annualized.

(g) 

Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

(h) 

Annualized.

(i) 

Portfolio turnover rate excludes in-kind transactions.

See notes to financial statements.

 

F I N A N C I A L  H I G H L I G H T S

   133

Financial Highlights (continued)

(For a share outstanding throughout each period)

 

    iShares Core MSCI Pacific ETF  
 

 

 

  
   

Six Months Ended

01/31/24

(unaudited)

    

Year Ended

07/31/23

    

Year Ended

07/31/22

    

Year Ended

07/31/21

    

Year Ended

07/31/20

    

Year Ended

07/31/19

  

 

  

Net asset value, beginning of period

            $ 59.28     $ 54.78     $ 65.86     $ 52.60     $ 55.60     $ 58.23  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income(a)

       0.74       1.66       1.66       1.42       1.45       1.64  

Net realized and unrealized gain (loss)(b)

       0.69       4.14       (10.02 )      13.15       (2.72 )      (2.67 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) from investment operations

       1.43       5.80       (8.36 )      14.57       (1.27 )      (1.03 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Distributions from net investment income(c)

       (1.11 )      (1.30 )      (2.72 )      (1.31 )      (1.73 )      (1.60 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net asset value, end of period

     $ 59.60     $ 59.28     $ 54.78     $ 65.86     $ 52.60     $ 55.60  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Return(d)

              

Based on net asset value

       2.49 %(e)      10.73 %      (13.01 )%      27.70 %      (2.45 )%      (1.61 )% 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratios to Average Net Assets(f)

              

Total expenses

       0.09 %(g)      0.09 %      0.09 %      0.09 %      0.09 %      0.10 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income

       2.59 %(g)      3.03 %      2.72 %      2.24 %      2.67 %      2.97 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Supplemental Data

              

Net assets, end of period (000)

     $ 1,847,505     $ 1,736,936     $ 1,501,051     $ 1,119,667     $ 904,692     $ 1,034,208  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Portfolio turnover rate(h)

       3 %      7 %      16 %      6 %      5 %      5 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) 

Based on average shares outstanding.

(b) 

The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

(c) 

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

(d) 

Where applicable, assumes the reinvestment of distributions.

(e) 

Not annualized.

(f) 

Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

(g) 

Annualized.

(h) 

Portfolio turnover rate excludes in-kind transactions.

See notes to financial statements.

 

134  

2 0 2 4  I 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

Financial Highlights (continued)

(For a share outstanding throughout each period)

 

    iShares Core MSCI Total International Stock ETF  
 

 

 

  
   

 Six Months Ended

01/31/24

(unaudited)

  

 

 

    

 Year Ended

07/31/23

  

(a) 

    

 Year Ended

07/31/22

  

(a) 

    

 Year Ended

07/31/21

  

(a) 

    

 Year Ended

07/31/20

  

(a) 

    

 Year Ended

07/31/19

  

(a) 

 

  

Net asset value, beginning of period

            $ 64.95     $ 59.02     $ 72.22     $ 56.92     $ 57.96     $ 61.36  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income(b)

       0.60       1.87 (c)      1.93 (c)      1.58       1.53       1.77  

Net realized and unrealized gain (loss)(d)

       (0.79 )      5.53       (12.82 )      15.28       (1.06 )      (3.55 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net increase (decrease) from investment operations

       (0.19 )      7.40       (10.89 )      16.86       0.47       (1.78 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Distributions from net investment income(e)

       (1.05 )      (1.47 )      (2.31 )      (1.56 )      (1.51 )      (1.62 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net asset value, end of period

     $ 63.71     $ 64.95     $ 59.02     $ 72.22     $ 56.92     $ 57.96  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Return(f)

              

Based on net asset value

       (0.27 )%(g)      12.72 %(c)      (15.36 )%(c)      29.71 %      0.77 %(h)      (2.73 )% 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratios to Average Net Assets(i)

              

Total expenses

       0.07 %(j)      0.07 %      0.09 %      0.09 %      0.09 %      0.10 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total expenses after fees waived

       0.07 %(j)      0.07 %      0.09 %      0.09 %      0.09 %      0.10 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total expenses excluding professional fees for foreign withholding tax claims

       0.07 %(j)      0.07 %      0.09 %      0.09 %      N/A       0.10 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net investment income

       1.92 %(j)      3.14 %(c)      2.87 %(c)      2.35 %      2.72 %      3.09 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Supplemental Data

              

Net assets, end of period (000)

     $ 33,433,783     $ 33,091,639     $ 28,113,472     $ 30,065,795     $ 19,546,312     $ 15,457,552  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Portfolio turnover rate(k)

       1 %      3 %      10 %      7 %      7 %      6 % 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(a) 

Consolidated Financial Highlights.

(b) 

Based on average shares outstanding.

(c) 

Reflects the one-time, positive effect of foreign withholding tax claims, net of the associated professional fees, which resulted in the following increases for the years ended July 31, 2023 and July 31, 2022, respectively:

• Net investment income per share by $0.02 and $0.00.

• Total return by 0.04% and 0.01%.

• Ratio of net investment income to average net assets by 0.03% and 0.00%.

(d) 

The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities.

(e) 

Distributions for annual periods determined in accordance with U.S. federal income tax regulations.

(f) 

Where applicable, assumes the reinvestment of distributions.

(g) 

Not annualized.

(h) 

Includes payment received from an affiliate, which had no impact on the Fund’s total return.

(i) 

Excludes fees and expenses incurred indirectly as a result of investments in underlying funds.

(j) 

Annualized.

(k) 

Portfolio turnover rate excludes in-kind transactions.

See notes to financial statements.

 

F I N A N C I A L  H I G H L I G H T S

   135

Notes to Financial Statements (unaudited)

 

1.

ORGANIZATION

iShares Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.

These financial statements relate only to the following funds (each, a “Fund” and collectively, the “Funds”):

 

   
iShares ETF   Diversification 
Classification 

Core MSCI EAFE

   Diversified 

Core MSCI Europe

   Diversified 

Core MSCI International Developed Markets

   Diversified 

Core MSCI Pacific

   Diversified 

Core MSCI Total International Stock

   Diversified 

Basis of Consolidation: The accompanying consolidated financial statements for Core MSCI Total International Stock included the accounts of its subsidiary in the Republic of Mauritius, which was a wholly-owned subsidiary (the “Subsidiary”) of the Fund that invested in Indian securities. On April 26, 2023, Core MSCI Total International Stock filed to liquidate its Subsidiary with the Mauritius Financial Services Commission.

 

2.

SIGNIFICANT ACCOUNTING POLICIES

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Dividends from foreign securities where the ex-dividend date may have passed are subsequently recorded when the Funds are informed of the ex-dividend date. Under the applicable foreign tax laws, a withholding tax at various rates may be imposed on capital gains, dividends and interest. Upon notification from issuers or as estimated by management, a portion of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

Foreign Currency Translation: Each Fund’s books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using prevailing market rates as quoted by one or more data service providers. Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

Foreign Taxes: The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain foreign currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which each Fund invests. These foreign taxes, if any, are paid by each Fund and are reflected in its Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign taxes on stock dividends are presented as “Other foreign taxes”, and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactions are included in their respective net realized gain (loss) categories. Foreign taxes payable or deferred as of January 31, 2024, if any, are disclosed in the Statements of Assets and Liabilities.

The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Statements of Operations includes tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.

Collateralization: If required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments.

 

136  

2 0 2 4  I 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

Notes to Financial Statements (unaudited) (continued)

 

In-kind Redemptions: For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds’ tax year. These reclassifications have no effect on net assets or net asset value (“NAV”) per share.

Distributions: Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.

Indemnifications: In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds’ maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

 

3.

INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS

Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Trustees of the Trust (the “Board”) of each Fund has approved the designation of BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA’s policies. If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA’s policies and procedures as reflecting fair value. BFA has formed a committee (the “Valuation Committee”) to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.

Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:

 

  •  

Equity investments traded on a recognized securities exchange are valued at that day’s official closing price, as applicable, on the exchange where the stock is primarily traded. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last traded price.

 

  •  

Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV.

 

  •  

Futures contracts are valued based on that day’s last reported settlement or trade price on the exchange where the contract is traded.

Generally, trading in foreign instruments is substantially completed each day at various times prior to the close of trading on the New York Stock Exchange (“NYSE”). Each business day, the Funds use current market factors supplied by independent pricing services to value certain foreign instruments (“Systematic Fair Value Price”). The Systematic Fair Value Price is designed to value such foreign securities at fair value as of the close of trading on the NYSE, which follows the close of the local markets.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee, in accordance with BFA’s policies and procedures as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement.

Fair value pricing could result in a difference between the prices used to calculate a fund’s NAV and the prices used by the fund’s underlying index, which in turn could result in a difference between the fund’s performance and the performance of the fund’s underlying index.

Fair Value Hierarchy: Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

 

  •  

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

 

  •  

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is

 

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S

   137

Notes to Financial Statements (unaudited) (continued)

 

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 that may not have a secondary market and/or may have 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.

 

4.

SECURITIES AND OTHER INVESTMENTS

Warrants: Warrants entitle a fund to purchase a specified number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date of the warrants, if any. If the price of the underlying stock does not rise above the strike price before the warrant expires, the warrant generally expires without any value and a fund will lose any amount it paid for the warrant. Thus, investments in warrants may involve more risk than investments in common stock. Warrants may trade in the same markets as their underlying stock; however, the price of the warrant does not necessarily move with the price of the underlying stock.

Securities Lending: Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund’s Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”) which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

 

138  

2 0 2 4  I 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

Notes to Financial Statements (unaudited) (continued)

 

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

 

 

  

iShares ETF and Counterparty

    

 Securities Loaned

at Value

  

 

     
 Cash Collateral
Received		  
(a) 		    

 Non-Cash Collateral

Received, at Fair Value

  

(a) 

     Net Amount  

 

  

Core MSCI EAFE

         

Barclays Bank PLC

   $ 1,763,221      $ (1,763,221 )    $ —     $ —  

Barclays Capital, Inc.

     32,955,322        (32,955,322 )      —       —  

BNP Paribas SA

     7,016,334        (7,016,334 )      —       —  

BofA Securities, Inc.

     45,831,895        (45,831,895 )      —       —  

Citigroup Global Markets, Inc.

     26,446,945        (26,446,945 )      —       —  

Deutsche Bank Securities, Inc.

     4        (4 )      —       —  

Goldman Sachs & Co. LLC

     198,265,374        (198,265,374 )      —       —  

HSBC Bank PLC

     1,128,644        (1,128,644 )      —       —  

J.P. Morgan Securities LLC

     104,692,277        (104,692,277 )      —       —  

Jefferies LLC

     1,767,638        (1,767,638 )      —       —  

Macquarie Bank Ltd.

     6,625,155        (6,625,155 )      —       —  

Morgan Stanley

     184,648,105        (184,648,105 )      —       —  

Nomura Securities International, Inc.

     716,132        (716,132 )      —       —  

RBC Capital Markets LLC

     5,500,723        (5,500,723 )      —       —  

Scotia Capital (USA), Inc.

     3,320,157        (3,320,157 )      —       —  

SG Americas Securities LLC

     5,536,208        (5,536,208 )      —       —  

State Street Bank & Trust Co.

     28,427,224        (28,427,224 )      —       —  

UBS AG

     21,008,698        (21,008,698 )      —       —  

UBS Securities LLC

     754,717        (754,717 )      —       —  

Wells Fargo Securities LLC

     693,874        (693,874 )      —       —  
 

 

 

     

 

 

    

 

 

    

 

 

  
  $ 677,098,647      $ (677,098,647 )    $ —     $ —  
 

 

 

     

 

 

    

 

 

    

 

 

  

Core MSCI Europe

         

Barclays Capital, Inc.

   $ 836,228      $ (836,228 )    $ —     $ —  

BNP Paribas SA

     485,353        (485,353 )      —       —  

BofA Securities, Inc.

     1,186,976        (1,186,976 )      —       —  

Citigroup Global Markets, Inc.

     372,420        (372,420 )      —       —  

Goldman Sachs & Co. LLC

     9,806,792        (9,806,792 )      —       —  

HSBC Bank PLC

     1,482,264        (1,482,264 )      —       —  

J.P. Morgan Securities LLC

     7,434,455        (7,434,455 )      —       —  

Morgan Stanley

     5,152,755        (5,152,755 )      —       —  

Scotia Capital (USA), Inc.

     2,132        (2,132 )      —       —  

SG Americas Securities LLC

     144,841        (144,841 )      —       —  

UBS AG

     292,258        (292,258 )      —       —  
 

 

 

     

 

 

    

 

 

    

 

 

  
  $ 27,196,474      $ (27,196,474 )    $ —     $ —  
 

 

 

     

 

 

    

 

 

    

 

 

  

Core MSCI International Developed Markets

         

Barclays Bank PLC

   $ 210,000      $ (210,000 )    $ —     $ —  

BNP Paribas SA

     1,699,612        (1,699,612 )      —       —  

BofA Securities, Inc.

     12,108,583        (12,108,583 )      —       —  

Citigroup Global Markets, Inc.

     6,507,462        (6,507,462 )      —       —  

Goldman Sachs & Co. LLC

     11,847,072        (11,847,072 )      —       —  

HSBC Bank PLC

     5,013,565        (5,013,565 )      —       —  

J.P. Morgan Securities LLC

     8,961,138        (8,961,138 )      —       —  

Jefferies LLC

     441,970        (441,970 )      —       —  

Macquarie Bank Ltd.

     186,224        (186,224 )      —       —  

Morgan Stanley

     20,370,694        (20,370,694 )      —       —  

RBC Capital Markets LLC

     1,306,338        (1,306,338 )      —       —  

Scotia Capital (USA), Inc.

     882,228        (882,228 )      —       —  

SG Americas Securities LLC

     716,907        (716,907 )      —       —  

State Street Bank & Trust Co.

     5,166,294        (5,166,294 )      —       —  

UBS AG

     3,290,922        (3,290,922 )      —       —  

Wells Fargo Bank N.A.

     2,731,716        (2,731,716 )      —       —  
 

 

 

     

 

 

    

 

 

    

 

 

  
  $ 81,440,725      $ (81,440,725 )    $ —     $ —  
 

 

 

     

 

 

    

 

 

    

 

 

  

 

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S

   139

Notes to Financial Statements (unaudited) (continued)

 

 

  

iShares ETF and Counterparty

    

 Securities Loaned

at Value

  

 

     

 Cash Collateral

Received

  

(a) 

    

 Non-Cash Collateral

Received, at Fair Value

  

(a) 

     Net Amount  

 

  

Core MSCI Pacific

         

BNP Paribas SA

   $ 12,888      $ (12,888 )    $ —     $ —  

BofA Securities, Inc.

     1,209,750        (1,209,750 )      —       —  

Citigroup Global Markets, Inc.

     1,969,936        (1,969,936 )      —       —  

Goldman Sachs & Co. LLC

     646,348        (646,348 )      —       —  

HSBC Bank PLC

     1,919,789        (1,919,789 )      —       —  

J.P. Morgan Securities LLC

     2,445,576        (2,445,576 )      —       —  

Jefferies LLC

     13,880        (13,880 )      —       —  

Macquarie Bank Ltd.

     641,754        (641,754 )      —       —  

Morgan Stanley

     1,181,108        (1,181,108 )      —       —  

Nomura Securities International, Inc.

     113,436        (113,436 )      —       —  

SG Americas Securities LLC

     119,579        (111,867 )      —       7,712 (b) 

State Street Bank & Trust Co.

     427,799        (427,799 )      —       —  

UBS AG

     415,483        (415,483 )      —       —  

Wells Fargo Securities LLC

     34,206        (34,206 )      —       —  
 

 

 

     

 

 

    

 

 

    

 

 

  
  $ 11,151,532      $ (11,143,820 )    $ —     $ 7,712  
 

 

 

     

 

 

    

 

 

    

 

 

  

Core MSCI Total International Stock

         

Barclays Bank PLC

   $ 221,589      $ (221,589 )    $ —     $ —  

Barclays Capital, Inc.

     5,755,141        (5,755,141 )      —       —  

BNP Paribas SA

     5,367,165        (5,367,165 )      —       —  

BofA Securities, Inc.

     38,439,787        (38,439,787 )      —       —  

Citigroup Global Markets Ltd.

     1,417,203        (1,417,203 )      —       —  

Citigroup Global Markets, Inc.

     12,717,326        (12,717,326 )      —       —  

Goldman Sachs & Co. LLC

     58,400,200        (58,400,200 )      —       —  

HSBC Bank PLC

     14,248,493        (14,248,493 )      —       —  

J.P. Morgan Securities LLC

     25,036,108        (25,036,108 )      —       —  

J.P. Morgan Securities PLC

     454,806        (454,806 )      —       —  

Jefferies LLC

     653,016        (653,016 )      —       —  

Macquarie Bank Ltd.

     3,015,998        (3,015,998 )      —       —  

Morgan Stanley

     93,493,723        (93,493,723 )      —       —  

National Financial Services LLC

     273,702        (273,702 )      —       —  

Scotia Capital (USA), Inc.

     2,222,309        (2,222,309 )      —       —  

SG Americas Securities LLC

     3,721,961        (3,721,961 )      —       —  

State Street Bank & Trust Co.

     6,879,702        (6,879,702 )      —       —  

Toronto-Dominion Bank

     13,293        (13,293 )      —       —  

UBS AG

     6,501,222        (6,501,222 )      —       —  

Wells Fargo Bank N.A.

     83,902        (83,902 )      —       —  

Wells Fargo Securities LLC

     27,900        (27,900 )      —       —  
 

 

 

     

 

 

    

 

 

    

 

 

  
  $ 278,944,546      $ (278,944,546 )    $ —     $ —  
 

 

 

     

 

 

    

 

 

    

 

 

  

 

  (a) 

Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund’s Statements of Assets and Liabilities.

 
  (b) 

The market value of the loaned securities is determined as of January 31, 2024. Additional collateral is delivered to the Fund on the next business day in accordance with the MSLA. The net amount would be subject to the borrower default indemnity in the event of default by a counterparty.

 

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

 

5.

DERIVATIVE FINANCIAL INSTRUMENTS

Futures Contracts: Futures contracts are purchased or sold to gain exposure to, or manage exposure to, changes in interest rates (interest rate risk) and changes in the value of equity securities (equity risk) or foreign currencies (foreign currency exchange rate risk).

Futures contracts are exchange-traded agreements between the Funds and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and on a specified date. Depending on the terms of a contract, it is settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash amount on the settlement date. Upon entering into a futures contract, the Funds are required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on a contract’s size and risk profile. The initial margin deposit must then be maintained at an established level over the life of the contract. Amounts pledged, which are considered restricted, are included in cash pledged for futures contracts in the Statements of Assets and Liabilities.

 

140  

2 0 2 4  I 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

Notes to Financial Statements (unaudited) (continued)

 

Securities deposited as initial margin are designated in the Schedule of Investments and cash deposited, if any, are shown as cash pledged for futures contracts in the Statements of Assets and Liabilities. Pursuant to the contract, the Funds agree to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract (“variation margin”). Variation margin is recorded as unrealized appreciation (depreciation) and, if any, shown as variation margin receivable (or payable) on futures contracts in the Statements of Assets and Liabilities. When the contract is closed, a realized gain or loss is recorded in the Statements of Operations equal to the difference between the notional amount of the contract at the time it was opened and the notional amount at the time it was closed. The use of futures contracts involves the risk of an imperfect correlation in the movements in the price of futures contracts and interest rates, foreign currency exchange rates or underlying assets.

 

6.

INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES

Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by BlackRock. Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).

For its investment advisory services to each of the following Funds, BFAis entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

 

   
iShares ETF   Investment Advisory Fees  

Core MSCI EAFE

     0.07 % 

Core MSCI Europe

     0.09  

Core MSCI International Developed Markets

     0.04  

Core MSCI Pacific

     0.09  

Core MSCI Total International Stock

     0.07  

Expense Waivers: A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies (“acquired fund fees and expenses”). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund’s total annual operating expenses. Total expenses as shown in the Statement of Operations does not include acquired fund fees and expenses.

For the iShares Core MSCI Total International Stock ETF, BFA contractually agreed to waive a portion of its investment advisory fee for the Fund through November 30, 2026 in an amount equal to the acquired fund fees and expenses, if any, attributable to the Fund’s investments in other iShares funds.

For six months ended January 31, 2024, there were no fees waived by BFA pursuant to this arrangement.

Distributor: BlackRock Investments, LLC, an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

Securities Lending: The U.S. Securities and Exchange Commission (the “SEC”) has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. (“BTC”), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the “collateral investment fees”). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. The money market fund in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value redeemed or temporarily restrict redemptions for up to 10 business days during a 90 day period, in the event that the money market fund’s weekly liquid assets fall below certain thresholds.

Securities lending income is equal to the total of income earned from the reinvestment of cash collateral, net of fees and other payments to and from borrowers of securities, and less the collateral investment fees. Each Fund retains a portion of securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across all 1940 Act iShares exchange-traded funds (the “iShares ETF Complex”) in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

 

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S

   141

Notes to Financial Statements (unaudited) (continued)

 

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the six months ended January 31, 2024, the Funds paid BTC the following amounts for securities lending agent services:

 

   
iShares ETF    Amounts  

Core MSCI EAFE

    $  1,425,799  

Core MSCI Europe

      50,486  

Core MSCI International Developed Markets

      143,250  

Core MSCI Pacific

      23,639  

Core MSCI Total International Stock

      874,982  

Officers and Trustees: Certain officers and/or trustees of the Trust are officers and/or trustees of BlackRock or its affiliates.

Other Transactions: Cross trading is the buying or selling of portfolio securities between funds to which BFA (or an affiliate) serves as investment adviser. At its regularly scheduled quarterly meetings, the Board reviews such transactions as of the most recent calendar quarter for compliance with the requirements and restrictions set forth by Rule 17a-7.

For the six months ended January 31, 2024, transactions executed by the Funds pursuant to Rule 17a-7 under the 1940 Act were as follows:

 

       
iShares ETF    Purchases        Sales       

Net Realized

Gain (Loss)

  

Core MSCI EAFE

    $  182,158,077        $  46,884,189        $ (749,105 ) 

Core MSCI Europe

      21,057,122          11,153,349          (2,257,582 ) 

Core MSCI International Developed Markets

      38,180,799          9,512,053          (664,760 ) 

Core MSCI Pacific

      3,821,186          2,639,508          (222,120 ) 

Core MSCI Total International Stock

      8,259,930          16,676,832          (1,226,542 ) 

Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund’s underlying index.

 

7.

PURCHASES AND SALES

For the six months ended January 31, 2024, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:

 

     
iShares ETF    Purchases        Sales  

Core MSCI EAFE

    $  2,066,869,922        $  1,237,582,280  

Core MSCI Europe

      83,089,353          100,940,384  

Core MSCI International Developed Markets

      215,821,516          115,603,930  

Core MSCI Pacific

      47,242,123          51,353,503  

Core MSCI Total International Stock

      828,093,791          475,682,996  

For the six months ended January 31, 2024, in-kind transactions were as follows:

 

     
iShares ETF   

In-kind

Purchases

       

In-kind

Sales

  

Core MSCI EAFE

    $  2,366,928,765        $ —  

Core MSCI Europe

      47,880,778          330,150,171  

Core MSCI International Developed Markets

      366,275,931          —  

Core MSCI Pacific

      90,919,313          —  

Core MSCI Total International Stock

      399,871,088          —  

 

8.

INCOME TAX INFORMATION

Each Fund is treated as an entity separate from the Trust’s other funds for federal income tax purposes. It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of January 31, 2024, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

 

142  

2 0 2 4  I 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

Notes to Financial Statements (unaudited) (continued)

 

As of July 31, 2023, the Funds had non-expiring capital loss carryforwards available to offset future realized capital gains as follows:

 

   
iShares ETF    Non-Expiring
Capital Loss
Carryforwards		  

Core MSCI EAFE

    $  (2,851,726,162 ) 

Core MSCI Europe

      (198,685,591 ) 

Core MSCI International Developed Markets

      (210,120,034 ) 

Core MSCI Pacific

      (65,751,545 ) 

Core MSCI Total International Stock

      (1,399,588,738 ) 

A fund may own shares in certain foreign investment entities, referred to, under U.S. tax law, as “passive foreign investment companies.” Such fund may elect to mark-to-market annually the shares of each passive foreign investment company and would be required to distribute to shareholders any such marked-to-market gains.

As of January 31, 2024, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

 

         
iShares ETF    Tax Cost       

Gross Unrealized

Appreciation

       

Gross Unrealized

Depreciation

       

Net Unrealized

Appreciation

(Depreciation)

  

Core MSCI EAFE

    $  96,091,743,098        $  22,884,381,822        $  (12,357,684,538 )       $  10,526,697,284  

Core MSCI Europe

      4,253,992,203          546,211,885          (679,314,287 )         (133,102,402 ) 

Core MSCI International Developed Markets

      10,811,913,214          2,068,172,881          (873,599,029 )         1,194,573,852  

Core MSCI Pacific

      1,774,223,327          260,085,411          (180,270,713 )         79,814,698  

Core MSCI Total International Stock

      29,998,671,833          7,462,838,456          (3,793,774,473 )         3,669,063,983  

 

9.

LINE OF CREDIT

The iShares Core MSCI Total International Stock ETF, along with certain other iShares funds (“Participating Funds”), is a party to a $800 million credit agreement (“Syndicated Credit Agreement”) with a group of lenders, which expires on October 16, 2024. The line of credit may be used for temporary or emergency purposes, including redemptions, settlement of trades and rebalancing of portfolio holdings in certain target markets. The Funds may borrow up to the aggregate commitment amount subject to asset coverage and other limitations as specified in the Syndicated Credit Agreement. The Syndicated Credit Agreement has the following terms: a commitment fee of 0.15% per annum on the unused portion of the credit agreement and interest at a rate equal to the higher of (a) Daily Simple Secured Overnight Financing Rate (“SOFR”) plus 0.10% and 1.00% per annum or (b) the U.S. Federal Funds rate plus 1.00% per annum on amounts borrowed. The commitment fee is generally allocated to each Participating Fund based on the lesser of a Participating Fund’s relative exposure to certain target markets or a Participating Fund’s maximum borrowing amount as set forth by the terms of the Syndicated Credit Agreement.

For the six months ended January 31, 2024, the maximum amount borrowed, the average daily borrowing and the weighted average interest rate, if any, under the Syndicated Credit Agreement were as follows:

 

       
iShares ETF   

Maximum

Amount

Borrowed

       

Average

Borrowing

       

Weighted

Average

Interest Rates

  

Core MSCI Total International Stock

    $ 59,000,000        $ 2,642,663          6.43 % 

 

10.

PRINCIPAL RISKS

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which the Fund is subject.

BFA uses an indexing approach to try to achieve each Fund’s investment objective. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to redemption gates or liquidity fees under certain circumstances.

Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or

 

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S

   143

Notes to Financial Statements (unaudited) (continued)

 

industries. A fund may invest in illiquid investments. An illiquid investment is any investment that a fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause a fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a fund may lose value, regardless of the individual results of the securities and other instruments in which a fund invests.

The price each Fund could receive upon the sale of any particular portfolio investment may differ from each Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs may significantly impact the resulting fair value and therefore each Fund’s results of operations. As a result, the price received upon the sale of an investment may be less than the value ascribed by each Fund, and each Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment. Each Fund’s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.

Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform under the contract.

With exchange-traded futures, there is less counterparty credit risk to the Funds since the exchange or clearinghouse, as counterparty to such instruments, guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit risk is limited to failure of the clearinghouse. While offset rights may exist under applicable law, a fund does not have a contractual right of offset against a clearing broker or clearinghouse in the event of a default (including the bankruptcy or insolvency). Additionally, credit risk exists in exchange-traded futures with respect to initial and variation margin that is held in a clearing broker’s customer accounts. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients, typically the shortfall would be allocated on a pro rata basis across all the clearing broker’s customers, potentially resulting in losses to the Funds.

Geographic/Asset Class Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.

Certain Funds invest a significant portion of their assets in issuers located in a single country or a limited number of countries. When a fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions in that country or those countries may have a significant impact on the fund and could affect the income from, or the value or liquidity of, the Fund’s portfolio. Unanticipated or sudden political or social developments may cause uncertainty in the markets and as a result adversely affect the Fund’s investments. Foreign issuers may not be subject to the same uniform accounting, auditing and financial reporting standards and practices as used in the United States. Foreign securities markets may also be more volatile and less liquid than U.S. securities and may be less subject to governmental supervision not typically associated with investing in U.S. securities. Investment percentages in specific countries are presented in the Schedule of Investments.

Certain Funds invest a significant portion of their assets in securities of issuers located in Europe or with significant exposure to European issuers or countries. The European financial markets have recently experienced volatility and adverse trends due to concerns about economic downturns in, or rising government debt levels of, several European countries as well as acts of war in the region. These events may spread to other countries in Europe and may affect the value and liquidity of certain of the Funds’ investments.

Responses to the financial problems by European governments, central banks and others, including austerity measures and reforms, may not work, may result in social unrest and may limit future growth and economic recovery or have other unintended consequences. Further defaults or restructurings by governments and others of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. The United Kingdom has withdrawn from the European Union, and one or more other countries may withdraw from the European Union and/or abandon the Euro, the common currency of the European Union. These events and actions have adversely affected, and may in the future adversely affect, the value and exchange rate of the Euro and may continue to significantly affect the economies of every country in Europe, including countries that do not use the Euro and non-European Union member states. The impact of these actions, especially if they occur in a disorderly fashion, is not clear but could be significant and far reaching. In addition, Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions in the region are impossible to predict, but have been, and may continue to be significant and have a severe adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well as other sectors.

 

144  

2 0 2 4  I 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

Notes to Financial Statements (unaudited) (continued)

 

Certain Funds invest a significant portion of their assets in securities of issuers located in Asia or with significant exposure to Asian issuers or countries. The Asian financial markets have recently experienced volatility and adverse trends due to concerns in several Asian countries regarding monetary policy, government intervention in the markets, rising government debt levels or economic downturns. These events may spread to other countries in Asia and may affect the value and liquidity of certain of the Funds’ investments.

Significant Shareholder Redemption Risk: Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund’s NAV, increase the fund’s brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

 

11.

CAPITAL SHARE TRANSACTIONS

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof (“Creation Units”) at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

Transactions in capital shares were as follows:

 

 

  
    Six Months Ended
01/31/24		      Year Ended
07/31/23		  
iShares ETF   Shares      Amount      Shares      Amount  

 

  

Core MSCI EAFE

           

Shares sold

     55,400,000      $ 3,669,266,813        34,200,000      $ 2,263,134,016  
 

 

 

     

 

 

     

 

 

     

 

 

  

Core MSCI Europe

           

Shares sold

     900,000      $ 49,275,013        5,900,000      $ 308,442,219  

Shares redeemed

     (6,400,000 )       (340,376,213 )       (7,800,000 )       (353,453,619 ) 
 

 

 

     

 

 

     

 

 

     

 

 

  
    (5,500,000 )     $ (291,101,200 )       (1,900,000 )     $ (45,011,400 ) 
 

 

 

     

 

 

     

 

 

     

 

 

  

Core MSCI International Developed Markets

           

Shares sold

     8,700,000      $ 528,233,062        50,550,000      $ 2,838,953,351  
 

 

 

     

 

 

     

 

 

     

 

 

  

Core MSCI Pacific

           

Shares sold

     1,700,000      $ 95,992,523        9,900,000      $ 555,909,181  

Shares redeemed

     —        —        (8,000,000 )       (451,733,002 ) 
 

 

 

     

 

 

     

 

 

     

 

 

  
    1,700,000      $ 95,992,523        1,900,000      $ 104,176,179  
 

 

 

     

 

 

     

 

 

     

 

 

  

Core MSCI Total International Stock

           

Shares sold

     15,300,000      $ 955,915,535        33,200,000      $  1,884,043,701  
 

 

 

     

 

 

     

 

 

     

 

 

  

The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to State Street Bank and Trust Company, the Trust’s administrator, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

 

12.

FOREIGN WITHHOLDING TAX CLAIMS

The Internal Revenue Service (“IRS”) has issued guidance to address U.S. income tax liabilities attributable to fund shareholders resulting from the recovery of foreign taxes withheld in prior calendar years. These withheld foreign taxes were passed through to shareholders in the form of foreign tax credits in the year the taxes were withheld. Assuming there are sufficient foreign taxes paid which each of the iShares Core MSCI EAFE ETF, iShares Core MSCI Europe ETF, iShares Core MSCI International Developed Markets ETF and iShares Core MSCI Total International Stock ETF is able to pass through to its shareholders as a foreign tax credit in the current year, each of the Funds will be able to offset the prior years’ withholding taxes recovered against the foreign taxes paid in the current year. Accordingly, no federal income tax liability is recorded by the Funds.

 

13.

SUBSEQUENT EVENTS

Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.

 

N O T E S  T O  F I N A N C I A L  S T A T E M E N T S

   145

Statement Regarding Liquidity Risk Management Program (unaudited)

 

In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares Core MSCI EAFE ETF, iShares Core MSCI Europe ETF, iShares Core MSCI International Developed Markets ETF, iShares Core MSCI Pacific ETF and iShares Core MSCI Total International Stock ETF (the “Funds” or “ETFs”), each a series of the Trust, which is reasonably designed to assess and manage each Fund’s liquidity risk.

The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 8, 2023 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40Act Liquidity Risk Management Committee (the “Committee”).At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2022 through September 30, 2023 (the “Program Reporting Period”).

The Report described the Program’s liquidity classification methodology for categorizing each Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish each Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays, delays in the repatriation of the local currency in certain non-U.S. countries, the continued illiquidity of Russian equity securities and the suspension of select sanctions in Venezuela.

The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing each Fund’s liquidity risk, as follows:

 

  a)

The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes.

 

  b)

Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size utilized for liquidity classifications. The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections.

 

  c)

Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. The Committee also considered that ETFs generally do not engage in borrowing.

 

  d)

The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs. However, there were no ETFs with persistent deviations of fund premium/discount or bid/ask spreads from long-term averages over the Program Reporting Period.

 

  e)

The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. There were no ETFs for which the custom baskets accepted by the ETF had a significant change in its liquidity profile.

There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

 

146  

2 0 2 4  I 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

Supplemental Information (unaudited)

 

Tailored Shareholder Reports for Open-End Mutual Funds and ETFs

Effective January 24, 2023, the SEC adopted rule and form amendments to require open-end mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information. Other information, including financial statements, will no longer appear in a streamlined shareholder report but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, management is evaluating the impact of these amendments on the shareholder reports for the Funds.

 

S U P P L E M E N T A L  I N F O R M A T I O N

   147

General Information

 

Electronic Delivery

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at iShares.com. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

To enroll in electronic delivery:

 

  •  

Go to icsdelivery.com.

 

  •  

If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.

Householding

Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents and Rule 30e-3 notices can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

Availability of Quarterly Schedule of Investments

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at iShares.com/fundreports.

Availability of Proxy Voting Policies and Proxy Voting Records

A description of the policies and procedures that the iShares Funds use to determine how to vote proxies relating to portfolio securities and information about how the iShares Funds voted proxies relating to portfolio securities during the most recent twelve-month period ending June 30 is available without charge, upon request (1) by calling toll-free 1-800-474-2737; (2) on the iShares website at iShares.com; and (3) on the SEC website at sec.gov.

A description of the Trust’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets at iShares.com.

 

148  

2 0 2 4  I 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

Glossary of Terms Used in this Report

 

Portfolio Abbreviation
ADR    American Depositary Receipt
CPO    Certificates of Participation (Ordinary)
GDR    Global Depositary Receipt
NVDR    Non-Voting Depositary Receipt
NVS    Non-Voting Shares
PJSC    Public Joint Stock Company
REIT    Real Estate Investment Trust
SDR    Swedish Depositary Receipt

 

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

   149

 

 

 

THIS PAGE INTENTIONALLY LEFT BLANK.

 

 

 

THIS PAGE INTENTIONALLY LEFT BLANK.

 

 

 

 

Want to know more?

iShares.com | 1-800-474-2737

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.

Investing involves risk, including possible loss of principal.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc., nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.

©2024 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.

iS-SAR-710-0124

 

LOGO

  LOGO