iShares
®
MSCI
Europe
Financials
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
Austria
 — 
1
.6
%
BAWAG
Group
AG
(a)
.......................
81,624
$
13,978,172
Erste
Group
Bank
AG
......................
327,792
36,219,704
Raiffeisen
Bank
International
AG
..............
139,884
7,630,060
57,827,936
a
Belgium
 — 
1
.6
%
Ageas
SA/N.V.
..........................
158,548
12,424,555
Groupe
Bruxelles
Lambert
N.V.
...............
84,976
7,938,126
KBC
Group
N.V.
.........................
243,928
32,466,310
Sofina
SA
..............................
17,628
4,513,610
57,342,601
a
Denmark
 — 
1
.3
%
Danske
Bank
A.S.
........................
710,097
36,505,010
Tryg
A.S.
..............................
358,266
8,608,625
45,113,635
a
Finland
 — 
0
.7
%
Sampo
OYJ
,
Class
A
......................
2,557,212
26,572,591
a
France
 — 
8
.3
%
Amundi
SA
(a)
............................
66,429
6,420,778
AXA
SA
...............................
1,780,329
85,821,262
BNP
Paribas
SA
.........................
1,070,046
112,377,779
Credit
Agricole
SA
........................
1,127,972
22,031,671
Euronext
N.V.
(a)
..........................
83,046
13,901,169
Societe
Generale
SA
......................
734,795
59,151,007
299,703,666
a
Germany
 — 
12
.5
%
Allianz
SE
,
Registered
.....................
404,995
184,974,317
Commerzbank
AG
........................
781,310
32,294,570
Deutsche
Bank
AG
,
Registered
...............
1,931,254
60,002,186
Deutsche
Boerse
AG
......................
200,465
61,502,204
Hannover
Rueck
SE
.......................
64,378
19,451,998
Muenchener
Rueckversicherungs-Gesellschaft
AG
in
Muenchen
,
Registered
...................
139,031
83,164,419
Talanx
AG
..............................
69,125
9,009,769
450,399,463
a
Ireland
 — 
1
.3
%
AIB
Group
PLC
..........................
2,269,106
26,154,956
Bank
of
Ireland
Group
PLC
..................
1,017,090
20,034,017
46,188,973
a
Italy
 — 
10
.2
%
Banca
Mediolanum
SpA
....................
235,561
5,163,115
Banca
Monte
dei
Paschi
di
Siena
SpA
...........
2,103,157
22,419,047
Banco
BPM
SpA
.........................
1,212,354
17,665,248
BPER
Banca
SpA
........................
1,660,796
24,516,300
FinecoBank
Banca
Fineco
SpA
...............
654,019
16,236,426
Generali
...............................
907,311
40,658,392
Intesa
Sanpaolo
SpA
......................
14,835,668
100,796,930
Poste
Italiane
SpA
(a)
.......................
485,602
12,889,783
UniCredit
SpA
...........................
1,492,475
115,341,998
Unipol
Assicurazioni
SpA
....................
380,587
9,944,206
365,631,445
a
Netherlands
 — 
5
.6
%
ABN
AMRO
Bank
N.V.,
CVA
.................
621,625
21,643,004
Adyen
N.V.
(a)
(b)
...........................
26,868
30,319,337
Aegon
Ltd.
.............................
1,347,685
11,167,726
ASR
Nederland
N.V.
.......................
166,595
12,654,459
CVC
Capital
Partners
PLC
(a)
.................
230,904
3,514,333
Security
Shares
Value
a
Netherlands
(continued)
EXOR
N.V.
.............................
99,114
$
7,774,838
ING
Groep
N.V.
..........................
3,107,211
89,926,963
NN
Group
N.V.
..........................
279,990
24,508,589
201,509,249
a
Norway
 — 
1
.0
%
DNB
Bank
ASA
..........................
943,140
28,561,428
Gjensidige
Forsikring
ASA
...................
212,378
5,965,923
34,527,351
a
Portugal
 — 
0
.2
%
Banco
Comercial
Portugues
SA
,
Class
R
.........
7,885,913
8,429,102
a
Spain
 — 
11
.5
%
Banco
Bilbao
Vizcaya
Argentaria
SA
............
6,077,785
134,212,077
Banco
de
Sabadell
SA
.....................
5,348,800
20,737,288
Banco
Santander
SA
......................
15,638,294
190,823,418
Bankinter
SA
............................
716,456
11,922,597
CaixaBank
SA
...........................
4,116,743
52,399,313
Mapfre
SA
.............................
981,434
4,804,439
414,899,132
a
Sweden
 — 
7
.3
%
EQT
AB
...............................
523,492
17,081,830
Industrivarden
AB
,
Class
A
..................
114,434
6,079,392
Industrivarden
AB
,
Class
C
..................
166,208
8,745,150
Investor
AB
,
Class
B
.......................
1,939,724
78,724,788
L
E
Lundbergforetagen
AB
,
Class
B
............
82,085
4,758,016
Nordea
Bank
Abp
........................
3,293,603
61,935,830
Skandinaviska
Enskilda
Banken
AB
,
Class
A
......
1,613,781
31,940,226
Svenska
Handelsbanken
AB
,
Class
A
...........
1,551,226
22,042,815
Swedbank
AB
,
Class
A
.....................
905,177
31,997,302
263,305,349
a
Switzerland
 — 
11
.6
%
Banque
Cantonale
Vaudoise
,
Registered
.........
31,948
5,034,193
Helvetia
Baloise
Holding
AG
.................
84,939
23,288,917
Julius
Baer
Group
Ltd.
.....................
220,071
18,089,154
Partners
Group
Holding
AG
..................
24,202
26,312,476
Swiss
Life
Holding
AG
,
Registered
.............
30,441
35,740,851
Swiss
Re
AG
............................
317,262
51,107,309
UBS
Group
AG
,
Registered
..................
3,379,585
149,552,709
Zurich
Insurance
Group
AG
..................
155,841
108,655,464
417,781,073
a
United
Kingdom
 — 
24
.0
%
3i
Group
PLC
...........................
1,057,074
36,762,631
Admiral
Group
PLC
.......................
274,599
12,622,252
Aviva
PLC
.............................
3,251,175
27,574,050
Barclays
PLC
...........................
14,735,644
86,614,815
HSBC
Holdings
PLC
......................
18,284,812
336,437,189
Legal
&
General
Group
PLC
.................
6,091,701
20,905,054
Lloyds
Banking
Group
PLC
..................
62,689,940
85,214,610
London
Stock
Exchange
Group
PLC
............
487,824
63,298,418
M&G
PLC
..............................
2,453,417
10,083,427
NatWest
Group
PLC
.......................
8,514,238
67,908,474
Prudential
PLC
..........................
2,710,089
40,839,794
Schroders
PLC
..........................
764,784
6,021,896
Standard
Chartered
PLC
....................
2,041,329
51,982,084
Standard
Life
PLC
........................
747,184
7,687,097
Wise
PLC
,
Class
A
(b)
.......................
709,830
10,151,513
864,103,304
a
Total
Long-Term
Investments — 98.7%
(Cost:
$
2,630,358,586
)
...............................
3,553,334,870
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
MSCI
Europe
Financials
ETF
(Percentages
shown
are
based
on
Net
Assets)
2
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
Security
Shares
Value
a
Short-Term
Securities
Money
Market
Funds
 — 
0
.0
%
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.61
%
(c)
(d)
............................
1,334,716
$
1,334,716
a
Total
Short-Term
Securities — 0.0%
(Cost:
$
1,334,716
)
..................................
1,334,716
Security
Value
Total
Investments
—  
98
.7
%
(Cost:
$
2,631,693,302
)
...............................
$
3,554,669,586
Other
Assets
Less
Liabilities
—
1
.3
%
......................
48,116,465
Net
Assets
—
100.0%
.................................
$
3,602,786,051
(a)
Security
exempt
from
registration
pursuant
to
Rule
144A
under
the
Securities
Act
of
1933,
as
amended.
These
securities
may
be
resold
in
transactions
exempt
from
registration
to
qualified
institutional
investors.
(b)
Non-income
producing
security.
(c)
Affiliate
of
the
Fund.
(d)
Annualized
7-day
yield
as
of
period
end.
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
(a)
$
—
‌
$
—
‌
$
(
2,221
)
(b)
$
2,221
‌
$
—
‌
$
—
‌
—
‌
$
12,063
(c)
$
—
‌
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
..
1,840,000
‌
—
‌
(
505,284
)
(b)
—
‌
—
‌
1,334,716
‌
1,334,716
‌
74,880
‌
—
‌
$
—
‌
$
2,221
‌
$
—
‌
$
1,334,716
‌
$
86,943
‌
$
—
‌
(a)
As
of
period
end,
the
entity
is
no
longer
held.
(b)
Represents
net
amount
purchased
(sold).
(c)
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.
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
Euro
STOXX
50
Index
..................................................................
413
06/19/26
$
28,307
$
665,210
FTSE
100
Index
......................................................................
143
06/19/26
20,224
112,422
$
777,632
iShares
®
MSCI
Europe
Financials
ETF
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
3
Schedule
of
Investments
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund’s
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above. 
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
12,622,252
‌
$
3,540,712,618
‌
$
—
‌
$
3,553,334,870
‌
Short-Term
Securities
Money
Market
Funds
......................................
1,334,716
‌
—
‌
—
‌
1,334,716
‌
$
13,956,968
‌
$
3,540,712,618
‌
$
—
‌
$
3,554,669,586
‌
Derivative
Financial
Instruments
(a)
Assets
Equity
Contracts
...........................................
$
777,632
‌
$
—
‌
$
—
‌
$
777,632
‌
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Fair
Value
Hierarchy
as
of
Period
End
(continued)