iShares
®
MSCI
Intl
Value
Factor
ETF
Schedule
of
Investments
(unaudited)
April
30,
2026
(Percentages
shown
are
based
on
Net
Assets)
1
Schedule
of
Investments
Security
Shares
Value
a
Common
Stocks
Australia
 — 
2
.0
%
BHP
Group
Ltd.
..........................
1,005,035
$
39,778,625
Fortescue
Ltd.
...........................
440,167
6,344,158
Qantas
Airways
Ltd.
.......................
417,972
2,555,644
Rio
Tinto
Ltd.
...........................
85,534
10,477,022
Santos
Ltd.
.............................
882,473
5,084,273
Sonic
Healthcare
Ltd.
......................
140,730
2,013,653
South32
Ltd.
............................
1,919,046
5,687,183
Vicinity
Ltd.
.............................
984,446
1,790,189
Woodside
Energy
Group
Ltd.
.................
309,022
7,387,987
81,118,734
a
Austria
 — 
0
.4
%
Erste
Group
Bank
AG
......................
82,631
9,130,395
OMV
AG
..............................
47,752
3,370,818
Raiffeisen
Bank
International
AG
..............
55,903
3,049,264
15,550,477
a
Belgium
 — 
1
.0
%
Ageas
SA/N.V.
..........................
47,114
3,692,071
Anheuser-Busch
InBev
SA/N.V.
...............
335,616
25,359,673
Groupe
Bruxelles
Lambert
N.V.
...............
16,061
1,500,356
KBC
Group
N.V.
.........................
37,473
4,987,578
Sofina
SA
..............................
3,812
976,054
Syensqo
SA
............................
29,260
1,941,085
38,456,817
a
Canada
 — 
3
.4
%
AltaGas
Ltd.
............................
64,328
2,410,968
ARC
Resources
Ltd.
.......................
92,324
2,189,921
Bank
of
Nova
Scotia
(The)
...................
206,995
16,104,267
Barrick
Mining
Corp.
.......................
354,700
13,936,275
BCE,
Inc.
..............................
22,928
544,864
Canadian
Tire
Corp.
Ltd.
,
Class
A
,
NVS
..........
15,503
2,156,051
Cenovus
Energy,
Inc.
......................
174,436
5,103,314
CGI,
Inc.
..............................
101,425
6,638,714
Empire
Co.
Ltd.
,
Class
A
,
NVS
................
45,529
1,558,581
Fairfax
Financial
Holdings
Ltd.
................
5,019
8,685,547
iA
Financial
Corp.,
Inc.
.....................
13,856
1,783,271
Kinross
Gold
Corp.
........................
231,165
7,002,937
Magna
International,
Inc.
....................
133,078
8,469,535
Manulife
Financial
Corp.
....................
421,669
16,579,925
Nutrien
Ltd.
.............................
183,188
13,924,365
Open
Text
Corp.
.........................
279,859
6,343,622
Power
Corp.
of
Canada
....................
100,223
5,591,268
Rogers
Communications,
Inc.
,
Class
B
,
NVS
......
144,429
5,257,860
Saputo,
Inc.
............................
77,346
2,341,989
Teck
Resources
Ltd.
,
Class
B
................
95,544
5,577,826
Whitecap
Resources,
Inc.
...................
243,924
2,878,567
135,079,667
a
Denmark
 — 
0
.8
%
AP
Moller
-
Maersk
A.S.
,
Class
A
..............
3,103
7,280,937
AP
Moller
-
Maersk
A.S.
,
Class
B
,
NVS
(a)
.........
3,267
7,740,150
Danske
Bank
A.S.
........................
181,984
9,355,522
Genmab
A.S.
(b)
..........................
12,558
3,325,062
Orsted
A.S.
(b)
(c)
...........................
119,096
3,185,043
ROCKWOOL
A.S.
,
Class
B
(a)
.................
18,386
535,225
31,421,939
a
Finland
 — 
1
.7
%
Fortum
OYJ
............................
64,612
1,627,774
Nokia
OYJ
.............................
4,498,630
57,162,128
Stora
Enso
OYJ
,
Class
R
...................
245,248
2,730,731
Security
Shares
Value
a
Finland
(continued)
UPM-Kymmene
OYJ
......................
159,421
$
4,776,705
66,297,338
a
France
 — 
11
.7
%
Alstom
SA
(b)
............................
228,368
4,588,892
Amundi
SA
(c)
............................
11,999
1,159,778
ArcelorMittal
SA
..........................
430,747
25,007,099
AXA
SA
...............................
400,893
19,325,160
BNP
Paribas
SA
.........................
622,057
65,329,326
Bollore
SE
.............................
343,260
2,167,530
Bouygues
SA
...........................
121,870
7,207,361
Capgemini
SE
...........................
116,837
14,209,285
Carrefour
SA
............................
562,736
11,194,711
Cie
de
Saint-Gobain
SA
....................
212,573
19,475,892
Cie
Generale
des
Etablissements
Michelin
SCA
....
277,886
10,066,702
Covivio
SA
.............................
11,460
757,941
Credit
Agricole
SA
........................
590,806
11,539,687
Dassault
Systemes
SE
.....................
131,829
2,970,583
Eiffage
SA
.............................
44,962
7,249,148
Engie
SA
..............................
700,800
23,100,142
Eurofins
Scientific
SE
......................
25,717
1,787,649
Ipsen
SA
..............................
14,531
2,853,913
Klepierre
SA
............................
43,368
1,757,107
Orange
SA
.............................
865,854
18,029,110
Pernod
Ricard
SA
........................
70,588
5,247,644
Publicis
Groupe
SA
.......................
83,635
7,814,627
Renault
SA
.............................
137,571
4,832,760
Rexel
SA
..............................
111,123
4,699,754
Sanofi
SA
..............................
499,419
46,733,858
Societe
Generale
SA
......................
408,428
32,878,460
Sodexo
SA
.............................
16,796
854,303
STMicroelectronics
N.V.
....................
526,453
28,679,046
TotalEnergies
SE
.........................
570,142
53,008,117
Unibail-Rodamco-Westfield
..................
26,184
3,178,932
Vinci
SA
...............................
200,111
30,261,233
467,965,750
a
Germany
 — 
9
.8
%
BASF
SE
..............................
292,339
18,749,618
Bayer
AG
,
Registered
......................
785,724
35,230,055
Bayerische
Motoren
Werke
AG
...............
207,909
19,026,408
Brenntag
SE
............................
46,565
3,391,092
Commerzbank
AG
........................
264,491
10,932,438
Continental
AG
..........................
46,728
3,535,583
Daimler
Truck
Holding
AG
...................
333,991
16,845,802
Deutsche
Bank
AG
,
Registered
...............
828,661
25,745,692
Deutsche
Lufthansa
AG
,
Registered
(a)
...........
736,867
6,313,801
Deutsche
Post
AG
........................
391,899
23,205,989
Deutsche
Telekom
AG
,
Registered
.............
1,157,043
37,373,226
E.ON
SE
..............................
432,907
9,597,653
Evonik
Industries
AG
......................
121,468
2,512,345
Fresenius
Medical
Care
AG
..................
120,282
5,442,575
Fresenius
SE
&
Co.
KGaA
...................
192,269
9,311,503
Heidelberg
Materials
AG
....................
38,408
8,474,460
Henkel
AG
&
Co.
KGaA
....................
57,338
3,951,497
Infineon
Technologies
AG
...................
661,765
44,507,167
Mercedes-Benz
Group
AG
...................
488,205
28,457,520
Merck
KGaA
............................
42,964
5,563,282
RWE
AG
..............................
241,825
17,607,882
Siemens
AG
,
Registered
....................
183,823
54,625,038
Talanx
AG
..............................
12,476
1,626,125
392,026,751
a
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
MSCI
Intl
Value
Factor
ETF
(Percentages
shown
are
based
on
Net
Assets)
2
Security
Shares
Value
a
Hong
Kong
 — 
2
.5
%
BOC
Hong
Kong
Holdings
Ltd.
................
1,126,500
$
6,479,840
CK
Asset
Holdings
Ltd.
.....................
590,000
3,716,558
CK
Hutchison
Holdings
Ltd.
..................
3,427,500
28,620,262
CK
Infrastructure
Holdings
Ltd.
................
174,000
1,464,834
Henderson
Land
Development
Co.
Ltd.
..........
241,000
952,602
Hongkong
Land
Holdings
Ltd.
................
270,100
2,135,419
Jardine
Matheson
Holdings
Ltd.
...............
181,500
12,373,270
MTR
Corp.
Ltd.
..........................
958,000
4,093,695
Power
Assets
Holdings
Ltd.
..................
371,500
3,070,103
Sino
Land
Co.
Ltd.
........................
3,196,000
5,125,007
SITC
International
Holdings
Co.
Ltd.
............
725,000
3,035,554
Sun
Hung
Kai
Properties
Ltd.
.................
741,500
12,981,498
Swire
Pacific
Ltd.
,
Class
A
...................
420,000
4,568,333
WH
Group
Ltd.
(c)
.........................
7,710,000
9,371,108
Wharf
Real
Estate
Investment
Co.
Ltd.
..........
552,000
1,728,584
99,716,667
a
Ireland
 — 
0
.4
%
AIB
Group
PLC
..........................
623,109
7,182,295
Bank
of
Ireland
Group
PLC
..................
344,596
6,787,641
13,969,936
a
Israel
 — 
1
.5
%
Bank
Hapoalim
BM
.......................
358,051
9,606,519
Bank
Leumi
Le-Israel
BM
...................
456,963
11,567,856
Check
Point
Software
Technologies
Ltd.
(b)
........
28,221
3,174,016
ICL
Group
Ltd.
...........................
238,679
1,278,047
Israel
Discount
Bank
Ltd.
,
Class
A
.............
427,716
4,758,277
Mizrahi
Tefahot
Bank
Ltd.
...................
38,901
3,058,913
Nice
Ltd.
(b)
.............................
38,964
3,982,799
Teva
Pharmaceutical
Industries
Ltd.
,
ADR
(b)
.......
684,291
23,998,085
61,424,512
a
Italy
 — 
3
.4
%
Banca
Monte
dei
Paschi
di
Siena
SpA
...........
542,027
5,777,851
Banco
BPM
SpA
.........................
346,402
5,047,434
BPER
Banca
SpA
........................
366,853
5,415,402
Buzzi
SpA
..............................
15,574
852,735
Enel
SpA
..............................
1,890,971
22,078,380
Eni
SpA
...............................
568,847
16,084,947
Intesa
Sanpaolo
SpA
......................
3,517,837
23,900,991
Stellantis
N.V.
(b)
..........................
1,958,781
14,373,487
Telecom
Italia
SpA
(a)
(b)
......................
4,124,251
3,254,776
Tenaris
SA
.............................
97,797
3,121,812
UniCredit
SpA
...........................
422,641
32,662,696
Unipol
Assicurazioni
SpA
....................
88,974
2,324,766
134,895,277
a
Japan
 — 
29
.5
%
AGC,
Inc.
..............................
145,000
5,200,268
Aisin
Corp.
.............................
225,600
3,577,433
ANA
Holdings,
Inc.
........................
95,400
1,585,376
Asahi
Group
Holdings
Ltd.
...................
891,000
8,772,455
Asahi
Kasei
Corp.
........................
675,600
6,647,799
Astellas
Pharma,
Inc.
......................
527,700
7,478,428
Bridgestone
Corp.
........................
390,000
8,104,608
Canon,
Inc.
.............................
874,100
22,487,577
Central
Japan
Railway
Co.
..................
749,100
17,971,258
Chiba
Bank
Ltd.
(The)
......................
166,100
2,292,712
Chubu
Electric
Power
Co.,
Inc.
................
532,800
9,163,558
Dai
Nippon
Printing
Co.
Ltd.
.................
260,600
4,936,059
Daito
Trust
Construction
Co.
Ltd.
..............
188,700
4,244,433
Daiwa
House
Industry
Co.
Ltd.
................
227,000
6,925,987
Daiwa
Securities
Group,
Inc.
.................
318,100
2,994,233
Denso
Corp.
............................
661,000
7,897,662
Security
Shares
Value
a
Japan
(continued)
East
Japan
Railway
Co.
....................
360,800
$
7,875,870
ENEOS
Holdings,
Inc.
.....................
830,000
6,970,741
Fuji
Electric
Co.
Ltd.
.......................
57,100
4,798,958
FUJIFILM
Holdings
Corp.
...................
939,200
17,284,686
Fujitsu
Ltd.
.............................
669,800
13,443,786
Hankyu
Hanshin
Holdings,
Inc.
................
130,000
3,751,653
Hikari
Tsushin,
Inc.
........................
4,500
1,092,762
Honda
Motor
Co.
Ltd.
......................
2,610,500
21,182,730
Hulic
Co.
Ltd.
...........................
295,400
3,331,661
Idemitsu
Kosan
Co.
Ltd.
....................
248,500
2,126,248
Inpex
Corp.
.............................
376,300
9,810,209
Isuzu
Motors
Ltd.
.........................
258,200
3,557,612
ITOCHU
Corp.
..........................
2,489,900
30,857,576
Japan
Airlines
Co.
Ltd.
.....................
91,000
1,431,054
Japan
Post
Bank
Co.
Ltd.
...................
650,800
11,167,904
Japan
Post
Holdings
Co.
Ltd.
.................
886,200
10,277,309
Japan
Post
Insurance
Co.
Ltd.
................
195,500
1,906,244
Japan
Tobacco,
Inc.
.......................
324,700
12,096,610
JFE
Holdings,
Inc.
........................
545,100
5,986,475
Kajima
Corp.
............................
181,700
7,101,573
Kansai
Electric
Power
Co.,
Inc.
(The)
...........
586,300
9,392,618
Kawasaki
Kisen
Kaisha
Ltd.
..................
287,200
4,700,904
KDDI
Corp.
.............................
1,060,900
17,361,126
Kirin
Holdings
Co.
Ltd.
.....................
380,400
5,998,548
Komatsu
Ltd.
...........................
514,100
22,012,734
Kubota
Corp.
...........................
644,600
10,522,735
Kyocera
Corp.
...........................
1,133,700
19,699,143
Kyowa
Kirin
Co.
Ltd.
.......................
71,000
1,069,679
LY
Corp.
...............................
1,026,700
2,700,454
Makita
Corp.
............................
83,900
3,115,456
Marubeni
Corp.
..........................
888,800
34,593,049
MINEBEA
MITSUMI,
Inc.
...................
160,600
3,210,886
Mitsubishi
Chemical
Group
Corp.
..............
925,500
5,425,691
Mitsubishi
Corp.
..........................
1,447,200
46,348,920
Mitsubishi
Electric
Corp.
....................
585,600
23,500,699
Mitsubishi
Estate
Co.
Ltd.
...................
340,300
9,697,946
Mitsubishi
HC
Capital,
Inc.
...................
249,600
2,267,143
Mitsubishi
UFJ
Financial
Group,
Inc.
............
2,430,100
43,651,486
Mitsui
&
Co.
Ltd.
.........................
1,380,800
51,843,389
Mitsui
Fudosan
Co.
Ltd.
....................
416,300
4,559,327
Mitsui
OSK
Lines
Ltd.
......................
364,900
13,783,780
Mizuho
Financial
Group,
Inc.
.................
654,070
28,126,763
MS&AD
Insurance
Group
Holdings,
Inc.
.........
348,800
8,969,067
Murata
Manufacturing
Co.
Ltd.
................
813,400
26,975,779
NEC
Corp.
.............................
495,300
13,174,985
NIDEC
CORP.
(b)
..........................
254,000
3,912,555
Nippon
Building
Fund,
Inc.
...................
2,099
1,757,714
Nippon
Steel
Corp.
........................
3,386,300
12,466,659
Nippon
Yusen
KK
.........................
384,700
13,825,611
Nissan
Motor
Co.
Ltd.
(a)
(b)
...................
1,744,900
3,992,360
Nomura
Holdings,
Inc.
.....................
1,168,000
9,355,476
NTT,
Inc.
..............................
13,918,400
13,557,365
Obayashi
Corp.
..........................
284,500
6,688,785
ORIX
Corp.
.............................
392,700
13,216,904
Osaka
Gas
Co.
Ltd.
.......................
139,200
5,001,931
Otsuka
Corp.
...........................
66,300
1,227,495
Otsuka
Holdings
Co.
Ltd.
...................
156,600
11,413,346
Panasonic
Holdings
Corp.
...................
1,066,000
21,805,889
Renesas
Electronics
Corp.
..................
1,700,900
34,396,695
Resona
Holdings,
Inc.
.....................
449,100
5,617,191
SBI
Holdings,
Inc.
........................
131,500
2,653,408
SCREEN
Holdings
Co.
Ltd.
..................
86,600
5,741,669
Secom
Co.
Ltd.
..........................
106,300
3,897,429
Sekisui
Chemical
Co.
Ltd.
...................
186,400
2,856,368
iShares
®
MSCI
Intl
Value
Factor
ETF
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
(Percentages
shown
are
based
on
Net
Assets)
3
Schedule
of
Investments
Security
Shares
Value
a
Japan
(continued)
Sekisui
House
Ltd.
........................
247,400
$
5,386,880
Seven
&
i
Holdings
Co.
Ltd.
..................
701,300
8,381,286
Shimadzu
Corp.
..........................
37,200
864,732
Shionogi
&
Co.
Ltd.
.......................
306,900
6,200,281
Sompo
Holdings,
Inc.
......................
152,700
5,682,792
Subaru
Corp.
...........................
326,700
4,866,263
Sumitomo
Corp.
.........................
848,300
31,541,637
Sumitomo
Electric
Industries
Ltd.
..............
222,100
14,621,779
Sumitomo
Metal
Mining
Co.
Ltd.
...............
127,500
7,839,068
Sumitomo
Mitsui
Financial
Group,
Inc.
...........
1,012,700
35,757,476
Sumitomo
Mitsui
Trust
Group,
Inc.
.............
214,600
7,174,793
Suntory
Beverage
&
Food
Ltd.
................
57,100
1,645,527
Suzuki
Motor
Corp.
.......................
552,700
6,181,082
Taisei
Corp.
............................
61,200
6,636,573
Takeda
Pharmaceutical
Co.
Ltd.
...............
544,200
18,194,120
TDK
Corp.
.............................
1,073,900
19,635,617
TIS,
Inc.
...............................
68,300
1,488,600
Tokyo
Gas
Co.
Ltd.
.......................
120,500
5,117,619
Tokyu
Corp.
............................
181,500
1,929,716
TOPPAN
Holdings,
Inc.
.....................
156,100
4,639,847
Toray
Industries,
Inc.
......................
576,500
4,139,125
Toyota
Motor
Corp.
.......................
3,738,900
71,769,711
Toyota
Tsusho
Corp.
.......................
392,200
15,396,120
West
Japan
Railway
Co.
....................
199,200
3,605,834
Yamaha
Motor
Co.
Ltd.
.....................
407,500
2,862,269
Yokogawa
Electric
Corp.
....................
118,500
4,125,900
Yokohama
Financial
Group,
Inc.
...............
281,800
2,675,014
1,180,778,325
a
Netherlands
 — 
2
.6
%
ABN
AMRO
Bank
N.V.,
CVA
.................
224,221
7,806,662
Aegon
Ltd.
.............................
592,973
4,913,730
AerCap
Holdings
N.V.
......................
130,592
18,571,488
ASR
Nederland
N.V.
.......................
32,087
2,437,310
DSM-Firmenich
AG
.......................
33,164
2,476,979
Heineken
Holding
N.V.
.....................
42,958
3,052,638
ING
Groep
N.V.
..........................
918,129
26,571,917
Koninklijke
Ahold
Delhaize
N.V.
...............
368,233
17,295,705
Koninklijke
Philips
N.V.
.....................
232,034
6,120,539
NN
Group
N.V.
..........................
153,556
13,441,340
Randstad
N.V.
...........................
53,799
1,594,139
104,282,447
a
Norway
 — 
0
.8
%
Aker
BP
ASA
............................
56,151
2,195,071
DNB
Bank
ASA
..........................
206,489
6,253,176
Equinor
ASA
............................
224,395
9,132,254
Mowi
ASA
..............................
156,392
3,469,908
Norsk
Hydro
ASA
.........................
574,067
6,335,699
Orkla
ASA
..............................
179,627
2,215,522
Yara
International
ASA
.....................
74,152
4,316,900
33,918,530
a
Portugal
 — 
0
.1
%
EDP
Renovaveis
SA
.......................
48,263
806,994
EDP
SA
...............................
855,765
4,667,582
5,474,576
a
Singapore
 — 
1
.1
%
Keppel
Ltd.
.............................
588,400
5,036,360
Keppel
REIT
............................
65,378
46,030
Oversea-Chinese
Banking
Corp.
Ltd.
...........
654,300
11,288,376
Sembcorp
Industries
Ltd.
...................
214,400
1,125,159
Singapore
Airlines
Ltd.
.....................
745,400
3,691,763
Singapore
Telecommunications
Ltd.
............
1,246,100
4,513,122
Security
Shares
Value
a
Singapore
(continued)
United
Overseas
Bank
Ltd.
..................
282,300
$
8,039,639
Wilmar
International
Ltd.
....................
1,680,400
4,793,129
Yangzijiang
Shipbuilding
Holdings
Ltd.
...........
1,581,400
5,393,307
43,926,885
a
Spain
 — 
3
.9
%
Acciona
SA
.............................
4,448
1,294,735
ACS
Actividades
de
Construccion
y
Servicios
SA
...
52,970
7,634,812
Banco
Bilbao
Vizcaya
Argentaria
SA
............
1,674,883
36,985,436
Banco
de
Sabadell
SA
.....................
1,752,491
6,794,404
Banco
Santander
SA
......................
5,386,151
65,723,521
CaixaBank
SA
...........................
842,212
10,719,962
Grifols
SA
..............................
157,891
1,664,813
International
Consolidated
Airlines
Group
SA
,
Class
DI
744,784
3,757,219
Mapfre
SA
.............................
98,153
480,491
Repsol
SA
.............................
645,636
17,342,530
Telefonica
SA
...........................
1,225,121
5,528,381
157,926,304
a
Sweden
 — 
2
.3
%
Boliden
AB
.............................
80,190
4,215,218
Hexagon
AB
,
Class
B
......................
592,018
6,467,761
Industrivarden
AB
,
Class
A
..................
17,120
909,513
Industrivarden
AB
,
Class
C
..................
22,943
1,207,162
Nordea
Bank
Abp
........................
621,585
11,688,835
Securitas
AB
,
Class
B
......................
227,921
3,825,187
Skanska
AB
,
Class
B
......................
147,607
3,986,469
SKF
AB
,
Class
B
.........................
156,847
3,949,207
Svenska
Handelsbanken
AB
,
Class
A
...........
319,544
4,540,698
Swedbank
AB
,
Class
A
.....................
183,463
6,485,274
Telefonaktiebolaget
LM
Ericsson
,
Class
B
........
1,764,427
21,047,845
Telia
Co.
AB
............................
435,220
2,274,915
Trelleborg
AB
,
Class
B
.....................
54,449
2,235,623
Volvo
AB
,
Class
B
........................
589,059
20,532,673
93,366,380
a
Switzerland
 — 
3
.6
%
Barry
Callebaut
AG
,
Registered
...............
951
1,425,415
Novartis
AG
,
Registered
....................
441,228
65,208,940
Roche
Holding
AG
,
NVS
....................
164,277
66,942,851
Sandoz
Group
AG
........................
99,813
8,006,345
Swatch
Group
AG
(The)
,
Bearer
...............
8,756
2,032,517
143,616,068
a
United
Kingdom
 — 
15
.3
%
3i
Group
PLC
...........................
350,977
12,206,182
Associated
British
Foods
PLC
................
170,113
4,236,068
Aviva
PLC
.............................
421,540
3,575,189
Barclays
PLC
...........................
6,957,348
40,894,678
Barratt
Redrow
PLC
.......................
548,024
1,866,433
BP
PLC
...............................
2,847,755
22,542,349
British
American
Tobacco
PLC
................
1,345,363
79,234,886
BT
Group
PLC
..........................
3,531,628
10,382,403
Centrica
PLC
...........................
1,887,944
5,518,253
Endeavour
Mining
PLC
.....................
39,363
2,375,822
Glencore
PLC
(b)
..........................
2,993,298
23,263,402
GSK
PLC
..............................
1,528,706
40,078,803
Haleon
PLC
............................
1,791,016
8,270,678
HSBC
Holdings
PLC
......................
4,978,806
91,609,118
Imperial
Brands
PLC
......................
423,057
16,073,049
Informa
PLC
............................
366,183
3,959,209
J
Sainsbury
PLC
.........................
1,078,398
4,824,909
JD
Sports
Fashion
PLC
....................
869,504
798,210
Kingfisher
PLC
..........................
744,177
2,926,331
Lloyds
Banking
Group
PLC
..................
18,249,006
24,805,925
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
MSCI
Intl
Value
Factor
ETF
(Percentages
shown
are
based
on
Net
Assets)
4
Security
Shares
Value
a
United
Kingdom
(continued)
M&G
PLC
..............................
553,784
$
2,276,026
Marks
&
Spencer
Group
PLC
.................
590,396
2,651,961
National
Grid
PLC
........................
734,366
13,145,574
NatWest
Group
PLC
.......................
2,772,429
22,112,539
Pearson
PLC
...........................
138,970
2,050,775
Rio
Tinto
PLC
...........................
368,018
37,072,845
Shell
PLC
..............................
1,260,621
57,316,365
Smith
&
Nephew
PLC
......................
231,234
3,578,072
SSE
PLC
..............................
264,816
9,481,567
Standard
Chartered
PLC
....................
817,492
20,817,290
Standard
Life
PLC
........................
113,961
1,172,441
Tesco
PLC
.............................
2,172,433
14,250,061
Vodafone
Group
PLC
......................
17,373,664
27,644,031
613,011,444
a
Total
Common
Stocks — 97.8%
(Cost:
$
2,773,447,861
)
...............................
3,914,224,824
a
Preferred
Stocks
Germany
 — 
0
.9
%
Bayerische
Motoren
Werke
AG
,
Preference
Shares
,
NVS
................................
42,912
3,915,732
Henkel
AG
&
Co.
KGaA
,
Preference
Shares
,
NVS
...
76,206
5,545,357
Porsche
Automobil
Holding
SE
,
Preference
Shares
,
NVS
................................
163,166
5,936,980
Security
Shares
Value
a
Germany
(continued)
Volkswagen
AG
,
Preference
Shares
,
NVS
........
219,740
$
22,283,443
a
Total
Preferred
Stocks — 0.9%
(Cost:
$
44,738,958
)
.................................
37,681,512
a
Total
Long-Term
Investments — 98.7%
(Cost:
$
2,818,186,819
)
...............................
3,951,906,336
a
Short-Term
Securities
Money
Market
Funds
 — 
0
.4
%
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.83
%
(d)
(e)
(f)
......................
13,106,785
13,110,717
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.61
%
(d)
(e)
............................
1,001,001
1,001,001
a
Total
Short-Term
Securities — 0.4%
(Cost:
$
14,111,077
)
.................................
14,111,718
Total
Investments
—  99.1%
(Cost:
$
2,832,297,896
)
...............................
3,966,018,054
Other
Assets
Less
Liabilities
—
0
.9
%
......................
35,007,312
Net
Assets
—
100.0%
.................................
$
4,001,025,366
(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)
Affiliate
of
the
Fund.
(e)
Annualized
7-day
yield
as
of
period
end.
(f)
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
period
ended
April
30,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
07/31/25
Purchases
at
Cost
Proceeds
from
Sale
s
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
04/30/26
  Shares
Held
at
04/30/26
Income
  Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
$
6,705,484
$
6,404,946
(a)
$
—
$
(
224
)
$
511
$
13,110,717
13,106,785
$
35,345
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
..
880,000
121,001
(a)
—
—
—
1,001,001
1,001,001
28,525
—
$
—
$
(
224
)
$
511
$
14,111,718
$
63,870
$
—
(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
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
iShares
®
MSCI
Intl
Value
Factor
ETF
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
5
Schedule
of
Investments
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
–
Unadjusted
price
quotations
in
active
markets/exchanges
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
–
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
–
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(including
the
Valuation
Committee’s
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds
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.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund’s
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above. 
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
TOPIX
Index
.........................................................................
52
06/11/26
$
12,488
$
432,346
Euro
STOXX
50
Index
..................................................................
169
06/19/26
11,583
407,844
FTSE
100
Index
......................................................................
92
06/19/26
13,011
128,866
$
969,056
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
371,748,366
‌
$
3,542,476,458
‌
$
—
‌
$
3,914,224,824
‌
Preferred
Stocks
.........................................
—
‌
37,681,512
‌
—
‌
37,681,512
‌
Short-Term
Securities
Money
Market
Funds
......................................
14,111,718
‌
—
‌
—
‌
14,111,718
‌
$
385,860,084
‌
$
3,580,157,970
‌
$
—
‌
$
3,966,018,054
‌
Derivative
Financial
Instruments
(a)
Assets
Equity
Contracts
...........................................
$
969,056
‌
$
—
‌
$
—
‌
$
969,056
‌
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Portfolio
Abbreviation
ADR
American
Depositary
Receipt
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust