iShares
®
MSCI
Intl
Momentum
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
.4
%
BHP
Group
Ltd.
..........................
1,050,543
$
41,579,802
Evolution
Mining
Ltd.
......................
720,246
6,367,799
Lynas
Rare
Earths
Ltd.
(a)
....................
274,570
3,895,097
Rio
Tinto
Ltd.
...........................
102,832
12,595,846
South32
Ltd.
............................
1,383,959
4,101,428
Telstra
Group
Ltd.
........................
1,145,733
4,400,213
Woodside
Energy
Group
Ltd.
.................
465,286
11,123,890
Woolworths
Group
Ltd.
.....................
284,602
7,066,807
91,130,882
a
Austria
 — 
0
.5
%
BAWAG
Group
AG
(b)
.......................
14,570
2,495,124
Erste
Group
Bank
AG
......................
106,761
11,796,663
OMV
AG
..............................
14,417
1,017,697
Raiffeisen
Bank
International
AG
..............
42,357
2,310,389
17,619,873
a
Belgium
 — 
0
.8
%
Ageas
SA/N.V.
..........................
39,204
3,072,207
Argenx
SE
(a)
............................
11,305
8,865,694
Elia
Group
SA/N.V.
(a)
......................
14,653
2,430,064
Financiere
de
Tubize
SA
....................
4,666
1,074,495
KBC
Group
N.V.
.........................
64,304
8,558,729
UCB
SA
...............................
29,360
7,994,472
31,995,661
a
Canada
 — 
15
.9
%
Agnico
Eagle
Mines
Ltd.
....................
182,517
34,321,285
Alamos
Gold,
Inc.
,
Class
A
..................
145,826
5,818,654
AltaGas
Ltd.
............................
82,829
3,104,372
Bank
of
Montreal
.........................
148,124
22,555,283
Bank
of
Nova
Scotia
(The)
...................
366,445
28,509,521
Barrick
Mining
Corp.
.......................
682,634
26,820,905
Bombardier,
Inc.
,
Class
B
(a)
..................
29,602
6,290,221
Brookfield
Renewable
Corp.
.................
38,966
1,414,233
Cameco
Corp.
...........................
159,751
19,637,959
Canadian
Imperial
Bank
of
Commerce
..........
348,962
38,938,543
Canadian
Natural
Resources
Ltd.
..............
540,499
25,800,387
Canadian
Utilities
Ltd.
,
Class
A
,
NVS
............
38,193
1,363,403
Celestica,
Inc.
(a)
..........................
42,230
17,337,819
Cenovus
Energy,
Inc.
......................
334,023
9,772,205
Emera,
Inc.
.............................
88,904
4,743,161
Enbridge,
Inc.
...........................
484,057
26,847,907
First
Quantum
Minerals
Ltd.
(a)
................
117,672
2,881,268
Fortis,
Inc.
.............................
133,688
7,645,219
Franco-Nevada
Corp.
......................
56,147
12,953,471
George
Weston
Ltd.
.......................
24,885
1,795,912
Great-West
Lifeco,
Inc.
.....................
91,687
4,899,063
Hydro
One
Ltd.
(b)
.........................
51,798
2,225,444
IGM
Financial,
Inc.
........................
29,217
1,628,890
Imperial
Oil
Ltd.
..........................
37,119
4,972,336
Kinross
Gold
Corp.
........................
498,149
15,090,979
Loblaw
Companies
Ltd.
....................
194,713
8,976,279
Lundin
Gold,
Inc.
.........................
44,201
2,970,596
Lundin
Mining
Corp.
.......................
301,784
7,744,830
Manulife
Financial
Corp.
....................
389,528
15,316,149
National
Bank
of
Canada
...................
120,049
18,121,137
Nutrien
Ltd.
.............................
80,690
6,133,355
Pan
American
Silver
Corp.
...................
142,762
7,470,477
Power
Corp.
of
Canada
....................
191,092
10,660,693
Rogers
Communications,
Inc.
,
Class
B
,
NVS
......
83,093
3,024,956
Royal
Bank
of
Canada
.....................
425,165
76,469,291
Saputo,
Inc.
............................
90,606
2,743,494
Security
Shares
Value
a
Canada
(continued)
Suncor
Energy,
Inc.
.......................
429,254
$
29,414,335
Teck
Resources
Ltd.
,
Class
B
................
84,912
4,957,133
Toromont
Industries
Ltd.
....................
28,595
4,446,450
Toronto-Dominion
Bank
(The)
................
595,073
64,105,004
Wheaton
Precious
Metals
Corp.
...............
150,999
19,073,441
Whitecap
Resources,
Inc.
...................
275,271
3,248,496
612,244,556
a
Denmark
 — 
0
.5
%
Danske
Bank
A.S.
........................
168,638
8,669,424
Orsted
A.S.
(a)
(b)
..........................
80,233
2,145,710
Vestas
Wind
Systems
A.S.
..................
303,383
9,328,843
20,143,977
a
Finland
 — 
1
.2
%
Fortum
OYJ
............................
156,977
3,954,732
Metso
OYJ
.............................
193,327
3,339,592
Neste
OYJ
.............................
161,659
5,584,147
Nokia
OYJ
.............................
1,910,507
24,275,979
Orion
OYJ
,
Class
B
.......................
32,689
2,640,890
Wartsila
OYJ
Abp
.........................
155,443
6,528,165
46,323,505
a
France
 — 
3
.9
%
Airbus
SE
..............................
2,867
591,059
ArcelorMittal
SA
..........................
138,339
8,031,297
Bouygues
SA
...........................
69,399
4,104,240
Carrefour
SA
............................
95,387
1,897,568
Dassault
Aviation
SA
......................
6,505
2,274,784
Eiffage
SA
.............................
9,625
1,551,823
Engie
SA
..............................
874,023
28,810,011
Getlink
SE
.............................
43,741
978,989
Ipsen
SA
..............................
8,110
1,592,818
Orange
SA
.............................
764,800
15,924,929
Rexel
SA
..............................
42,595
1,801,481
Societe
Generale
SA
......................
263,163
21,184,625
TotalEnergies
SE
.........................
662,293
61,575,721
150,319,345
a
Germany
 — 
4
.5
%
Allianz
SE
,
Registered
.....................
80,520
36,776,088
BASF
SE
..............................
134,373
8,618,222
Bayer
AG
,
Registered
......................
290,643
13,031,763
Commerzbank
AG
........................
32,378
1,338,308
Continental
AG
..........................
21,157
1,600,803
E.ON
SE
..............................
807,947
17,912,381
HOCHTIEF
AG
..........................
8,196
4,408,046
Knorr-Bremse
AG
........................
9,811
1,144,286
RWE
AG
..............................
294,714
21,458,862
Siemens
Energy
AG
.......................
313,540
66,445,950
172,734,709
a
Hong
Kong
 — 
1
.9
%
AIA
Group
Ltd.
..........................
2,483,600
27,266,857
BOC
Hong
Kong
Holdings
Ltd.
................
1,296,000
7,454,836
CK
Asset
Holdings
Ltd.
.....................
387,000
2,437,810
CK
Hutchison
Holdings
Ltd.
..................
682,500
5,699,002
CK
Infrastructure
Holdings
Ltd.
................
92,500
778,719
Hong
Kong
&
China
Gas
Co.
Ltd.
..............
2,688,000
2,488,610
Hongkong
Land
Holdings
Ltd.
................
465,100
3,677,096
Jardine
Matheson
Holdings
Ltd.
...............
53,200
3,626,766
MTR
Corp.
Ltd.
..........................
343,500
1,467,833
Power
Assets
Holdings
Ltd.
..................
237,000
1,958,585
Sino
Land
Co.
Ltd.
........................
612,000
981,384
SITC
International
Holdings
Co.
Ltd.
(c)
...........
326,000
1,364,952
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
MSCI
Intl
Momentum
Factor
ETF
(Percentages
shown
are
based
on
Net
Assets)
2
Security
Shares
Value
a
Hong
Kong
(continued)
Sun
Hung
Kai
Properties
Ltd.
.................
540,000
$
9,453,822
Swire
Pacific
Ltd.
,
Class
A
...................
51,000
554,726
WH
Group
Ltd.
(b)
.........................
2,567,500
3,120,664
72,331,662
a
Ireland
 — 
0
.3
%
AIB
Group
PLC
..........................
708,956
8,171,815
Bank
of
Ireland
Group
PLC
..................
270,075
5,319,772
13,491,587
a
Israel
 — 
2
.0
%
Azrieli
Group
Ltd.
.........................
5,460
870,870
Bank
Hapoalim
BM
.......................
425,264
11,409,846
Bank
Leumi
Le-Israel
BM
...................
480,595
12,166,092
Cyberark
Software
Ltd.
(a)
....................
17,821
801,945
Elbit
Systems
Ltd.
........................
14,520
12,079,874
Mizrahi
Tefahot
Bank
Ltd.
...................
37,421
2,942,535
Nova
Ltd.
(a)
.............................
8,578
4,283,308
Phoenix
Financial
Ltd.
.....................
107,403
6,462,291
Teva
Pharmaceutical
Industries
Ltd.
,
ADR
(a)
.......
352,478
12,361,403
Tower
Semiconductor
Ltd.
(a)
..................
61,083
12,729,129
76,107,293
a
Italy
 — 
2
.9
%
Banca
Mediolanum
SpA
....................
84,936
1,861,659
Banco
BPM
SpA
.........................
78,123
1,138,333
BPER
Banca
SpA
........................
461,951
6,819,217
Enel
SpA
..............................
2,436,711
28,450,268
Eni
SpA
...............................
727,394
20,568,087
FinecoBank
Banca
Fineco
SpA
...............
142,986
3,549,716
Generali
...............................
188,006
8,424,919
Italgas
SpA
.............................
205,309
2,480,095
Leonardo
SpA
...........................
141,067
8,809,036
Prysmian
SpA
...........................
79,239
12,052,973
Snam
SpA
.............................
789,132
6,222,636
Telecom
Italia
SpA
(a)
(c)
......................
5,494,813
4,336,396
Tenaris
SA
.............................
114,815
3,665,049
Unipol
Assicurazioni
SpA
....................
108,314
2,830,093
111,208,477
a
Japan
 — 
24
.4
%
Advantest
Corp.
..........................
296,100
55,287,358
Aeon
Co.
Ltd.
...........................
796,000
7,677,557
AGC,
Inc.
..............................
42,700
1,531,389
Asahi
Kasei
Corp.
........................
390,500
3,842,459
Astellas
Pharma,
Inc.
......................
673,900
9,550,337
Chiba
Bank
Ltd.
(The)
......................
131,600
1,816,501
Chubu
Electric
Power
Co.,
Inc.
................
170,200
2,927,248
Chugai
Pharmaceutical
Co.
Ltd.
...............
104,400
5,567,585
Daifuku
Co.
Ltd.
..........................
98,300
4,297,839
Daiichi
Life
Group,
Inc.
.....................
867,100
7,938,889
Daiwa
Securities
Group,
Inc.
.................
279,900
2,634,661
East
Japan
Railway
Co.
....................
204,800
4,470,561
Ebara
Corp.
............................
131,300
4,491,499
ENEOS
Holdings,
Inc.
.....................
1,109,200
9,315,597
FANUC
Corp.
...........................
204,400
9,028,975
Fast
Retailing
Co.
Ltd.
.....................
36,200
17,040,976
Fuji
Electric
Co.
Ltd.
.......................
37,700
3,168,489
Fujikura
Ltd.
............................
783,800
30,241,343
Hitachi
Ltd.
.............................
1,144,200
36,383,667
Hoya
Corp.
.............................
56,800
10,607,044
Hulic
Co.
Ltd.
...........................
100,400
1,132,359
Ibiden
Co.
Ltd.
...........................
85,800
7,338,485
Idemitsu
Kosan
Co.
Ltd.
....................
253,600
2,169,886
IHI
Corp.
..............................
428,200
7,821,313
Security
Shares
Value
a
Japan
(continued)
Inpex
Corp.
.............................
434,800
$
11,335,315
ITOCHU
Corp.
..........................
1,234,600
15,300,520
Japan
Post
Bank
Co.
Ltd.
...................
616,700
10,582,739
Japan
Post
Holdings
Co.
Ltd.
.................
274,800
3,186,870
Japan
Post
Insurance
Co.
Ltd.
................
183,600
1,790,212
Japan
Tobacco,
Inc.
.......................
471,400
17,561,879
JX
Advanced
Metals
Corp.
..................
353,800
10,976,404
Kajima
Corp.
............................
217,300
8,492,966
Kansai
Electric
Power
Co.,
Inc.
(The)
...........
207,900
3,330,591
Kawasaki
Heavy
Industries
Ltd.
...............
239,000
4,913,460
KDDI
Corp.
.............................
449,800
7,360,764
Kioxia
Holdings
Corp.
(a)
.....................
123,300
29,833,491
Kirin
Holdings
Co.
Ltd.
.....................
190,200
2,999,274
Kubota
Corp.
...........................
241,600
3,943,985
Kyocera
Corp.
...........................
311,400
5,410,879
Lasertec
Corp.
..........................
28,300
7,821,506
Marubeni
Corp.
..........................
608,500
23,683,472
Mitsubishi
Corp.
..........................
1,293,100
41,413,619
Mitsubishi
Electric
Corp.
....................
694,800
27,883,002
Mitsubishi
Estate
Co.
Ltd.
...................
351,400
10,014,276
Mitsubishi
HC
Capital,
Inc.
...................
202,800
1,842,053
Mitsubishi
Heavy
Industries
Ltd.
...............
993,800
29,660,833
Mitsubishi
UFJ
Financial
Group,
Inc.
............
1,953,600
35,092,195
Mitsui
&
Co.
Ltd.
.........................
948,800
35,623,557
Mitsui
Fudosan
Co.
Ltd.
....................
401,800
4,400,523
Mitsui
OSK
Lines
Ltd.
......................
78,400
2,961,492
Mizuho
Financial
Group,
Inc.
.................
818,200
35,184,793
Murata
Manufacturing
Co.
Ltd.
................
434,400
14,406,539
Nomura
Holdings,
Inc.
.....................
699,400
5,602,072
Obayashi
Corp.
..........................
307,500
7,229,530
ORIX
Corp.
.............................
288,400
9,706,532
Osaka
Gas
Co.
Ltd.
.......................
160,200
5,756,532
Otsuka
Holdings
Co.
Ltd.
...................
90,800
6,617,700
Panasonic
Holdings
Corp.
...................
754,900
15,442,088
Resona
Holdings,
Inc.
.....................
589,500
7,373,267
Ryohin
Keikaku
Co.
Ltd.
....................
175,200
4,047,769
SCREEN
Holdings
Co.
Ltd.
..................
45,300
3,003,436
Shimizu
Corp.
...........................
152,300
2,942,450
Shin-Etsu
Chemical
Co.
Ltd.
.................
275,800
12,698,431
Shionogi
&
Co.
Ltd.
.......................
227,900
4,604,249
SMC
Corp.
.............................
9,600
4,720,718
Sompo
Holdings,
Inc.
......................
299,800
11,157,178
Sumitomo
Corp.
.........................
419,600
15,601,640
Sumitomo
Electric
Industries
Ltd.
..............
447,800
29,480,561
Sumitomo
Metal
Mining
Co.
Ltd.
...............
113,000
6,947,566
Sumitomo
Mitsui
Financial
Group,
Inc.
...........
1,034,000
36,509,558
Sumitomo
Mitsui
Trust
Group,
Inc.
.............
166,700
5,573,337
Sumitomo
Realty
&
Development
Co.
Ltd.
........
172,500
5,347,430
Taisei
Corp.
............................
80,300
8,707,791
Takeda
Pharmaceutical
Co.
Ltd.
...............
494,200
16,522,481
Tokyo
Electron
Ltd.
.......................
128,600
37,896,186
Tokyo
Gas
Co.
Ltd.
.......................
125,100
5,312,980
Toray
Industries,
Inc.
......................
333,700
2,395,882
Toyota
Tsusho
Corp.
.......................
285,500
11,207,527
Yokogawa
Electric
Corp.
....................
53,900
1,876,675
Yokohama
Financial
Group,
Inc.
...............
214,400
2,035,213
939,606,005
a
Netherlands
 — 
6
.2
%
AerCap
Holdings
N.V.
......................
51,991
7,393,640
ASM
International
N.V.
.....................
9,412
9,207,530
ASML
Holding
N.V.
.......................
121,780
176,038,544
ASR
Nederland
N.V.
.......................
40,253
3,057,594
BE
Semiconductor
Industries
N.V.
.............
19,233
5,625,932
ING
Groep
N.V.
..........................
705,959
20,431,425
iShares
®
MSCI
Intl
Momentum
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
Netherlands
(continued)
InPost
SA
(a)
.............................
43,281
$
776,300
Koninklijke
Ahold
Delhaize
N.V.
...............
139,101
6,533,499
Koninklijke
KPN
N.V.
......................
702,241
3,755,264
NN
Group
N.V.
..........................
76,075
6,659,134
239,478,862
a
Norway
 — 
0
.5
%
Aker
BP
ASA
............................
67,269
2,629,699
Equinor
ASA
............................
240,958
9,806,322
Norsk
Hydro
ASA
.........................
301,073
3,322,797
Yara
International
ASA
.....................
44,172
2,571,557
18,330,375
a
Portugal
 — 
0
.1
%
Banco
Comercial
Portugues
SA
,
Class
R
.........
2,574,398
2,751,725
Galp
Energia
SGPS
SA
....................
64,237
1,502,500
4,254,225
a
Singapore
 — 
2
.2
%
DBS
Group
Holdings
Ltd.
...................
674,700
31,110,867
Keppel
Ltd.
.............................
617,800
5,288,007
Keppel
REIT
............................
66,067
46,515
Oversea-Chinese
Banking
Corp.
Ltd.
...........
1,392,500
24,024,244
Singapore
Exchange
Ltd.
...................
347,071
5,934,477
Singapore
Technologies
Engineering
Ltd.
.........
766,800
6,498,229
Singapore
Telecommunications
Ltd.
............
2,662,000
9,641,226
Wilmar
International
Ltd.
....................
456,700
1,302,679
Yangzijiang
Shipbuilding
Holdings
Ltd.
...........
505,500
1,723,990
85,570,234
a
Spain
 — 
6
.6
%
Acciona
SA
.............................
8,775
2,554,249
ACS
Actividades
de
Construccion
y
Servicios
SA
...
108,754
15,675,218
Aena
SME
SA
(b)
..........................
193,659
5,289,332
Banco
Bilbao
Vizcaya
Argentaria
SA
............
2,034,006
44,915,733
Banco
de
Sabadell
SA
.....................
661,554
2,564,844
Banco
Santander
SA
......................
5,385,503
65,715,614
Bankinter
SA
............................
102,009
1,697,539
CaixaBank
SA
...........................
1,377,315
17,530,936
Endesa
SA
.............................
139,217
6,239,940
Ferrovial
N.V.
...........................
172,075
11,816,647
Iberdrola
SA
............................
2,806,434
65,794,632
Indra
Sistemas
SA
(c)
.......................
22,576
1,298,444
Repsol
SA
.............................
492,111
13,218,671
254,311,799
a
Sweden
 — 
2
.3
%
Alfa
Laval
AB
...........................
42,116
2,534,509
Boliden
AB
.............................
77,884
4,094,002
Industrivarden
AB
,
Class
A
..................
9,224
490,032
Industrivarden
AB
,
Class
C
..................
32,293
1,699,119
Investor
AB
,
Class
B
.......................
319,147
12,952,760
Nordea
Bank
Abp
........................
782,815
14,720,747
Saab
AB
,
Class
B
........................
140,714
8,541,791
Sandvik
AB
.............................
390,430
16,424,266
Svenska
Handelsbanken
AB
,
Class
A
...........
354,266
5,034,096
Swedbank
AB
,
Class
A
.....................
171,710
6,069,815
Swedish
Orphan
Biovitrum
AB
(a)
...............
34,768
1,631,074
Tele2
AB
,
Class
B
........................
183,894
3,773,385
Telefonaktiebolaget
LM
Ericsson
,
Class
B
........
548,269
6,540,299
Telia
Co.
AB
............................
891,493
4,659,874
89,165,769
a
Switzerland
 — 
6
.3
%
ABB
Ltd.
,
Registered
......................
376,783
38,107,706
Banque
Cantonale
Vaudoise
,
Registered
.........
7,954
1,253,348
Security
Shares
Value
a
Switzerland
(continued)
Galderma
Group
AG
.......................
52,065
$
10,922,891
Helvetia
Baloise
Holding
AG
.................
20,858
5,718,930
Holcim
AG
(a)
............................
75,809
7,044,653
Kuehne
+
Nagel
International
AG
,
Registered
......
7,435
1,746,235
Novartis
AG
,
Registered
....................
451,072
66,663,782
Roche
Holding
AG
,
Bearer
..................
3,835
1,604,033
Roche
Holding
AG
,
NVS
....................
171,718
69,975,058
Sandoz
Group
AG
........................
152,761
12,253,486
Swiss
Life
Holding
AG
,
Registered
.............
6,337
7,440,287
Swiss
Prime
Site
AG
,
Registered
..............
36,371
6,302,937
Swisscom
AG
,
Registered
...................
6,810
5,760,086
VAT
Group
AG
(b)
.........................
8,542
6,417,181
241,210,613
a
United
Kingdom
 — 
13
.9
%
Airtel
Africa
PLC
(b)
........................
265,072
1,280,198
Anglo
American
PLC
......................
196,916
9,744,373
Antofagasta
PLC
.........................
122,879
5,959,348
AstraZeneca
PLC
........................
263,137
49,922,933
BAE
Systems
PLC
........................
786,875
21,885,784
Barclays
PLC
...........................
3,815,449
22,426,872
BP
PLC
...............................
2,674,397
21,170,076
British
American
Tobacco
PLC
................
625,851
36,859,370
Centrica
PLC
...........................
1,381,429
4,037,765
Coca-Cola
HBC
AG
,
Class
DI
(a)
...............
31,257
1,823,187
Endeavour
Mining
PLC
.....................
66,718
4,026,880
Fresnillo
PLC
...........................
119,307
5,268,211
Glencore
PLC
(a)
..........................
3,524,035
27,388,199
GSK
PLC
..............................
1,108,496
29,061,960
Halma
PLC
.............................
70,423
4,237,891
HSBC
Holdings
PLC
......................
5,597,969
103,001,604
Lloyds
Banking
Group
PLC
..................
18,996,131
25,821,494
M&G
PLC
..............................
447,702
1,840,034
NatWest
Group
PLC
.......................
2,082,262
16,607,856
Next
PLC
..............................
29,800
5,259,357
Rio
Tinto
PLC
...........................
368,286
37,099,842
Schroders
PLC
..........................
155,956
1,227,995
Shell
PLC
..............................
1,310,040
59,563,288
SSE
PLC
..............................
424,210
15,188,567
Standard
Chartered
PLC
....................
591,091
15,052,028
Standard
Life
PLC
........................
198,551
2,042,711
Vodafone
Group
PLC
......................
5,029,328
8,002,394
535,800,217
a
Total
Common
Stocks — 99.3%
(Cost:
$
2,991,557,228
)
...............................
3,823,379,626
a
Preferred
Stocks
Italy
 — 
0
.0
%
Telecom
Italia
SpA
,
Preference
Shares
,
NVS
(a)
.....
1,193,849
1,102,332
a
Total
Preferred
Stocks — 0.0%
(Cost:
$
1,060,687
)
..................................
1,102,332
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
MSCI
Intl
Momentum
Factor
ETF
(Percentages
shown
are
based
on
Net
Assets)
4
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Security
Shares
Value
a
Warrants
Canada
 — 
0
.0
%
Constellation
Software
Inc.,
(Issued
08/29/23,1
Share
for
1
Warrant,
Expires
03/31/40,
Strike
Price
CAD
11.50)
(a)
(c)
(d)
...........................
6,329
$
—
a
Total
Warrants — 0.0%
(Cost:
$
–
)
........................................
—
a
Total
Long-Term
Investments — 99.3%
(Cost:
$
2,992,617,915
)
...............................
3,824,481,958
a
Short-Term
Securities
Money
Market
Funds
 — 
0
.2
%
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
3.83
%
(e)
(f)
(g)
......................
7,782,688
7,785,023
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.61
%
(e)
(f)
.............................
1,046,141
1,046,141
a
Total
Short-Term
Securities — 0.2%
(Cost:
$
8,830,809
)
..................................
8,831,164
Total
Investments
—  99.5%
(Cost:
$
3,001,448,724
)
...............................
3,833,313,122
Other
Assets
Less
Liabilities
—
0
.5
%
......................
19,224,161
Net
Assets
—
100.0%
.................................
$
3,852,537,283
(a)
Non-income
producing
security.
(b)
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.
(c)
All
or
a
portion
of
this
security
is
on
loan.
(d)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(e)
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
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
..
$
1,435,701
$
6,348,357
(a)
$
—
$
610
$
355
$
7,785,023
7,782,688
$
22,550
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
........
910,000
136,141
(a)
—
—
—
1,046,141
1,046,141
45,778
—
$
—
$
610
$
355
$
8,831,164
$
68,328
$
—
(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.
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
Mini
TOPIX
Index
......................................................................
442
06/11/26
$
10,615
$
278,684
Euro
STOXX
50
Index
..................................................................
191
06/19/26
13,091
442,336
iShares
®
MSCI
Intl
Momentum
Factor
ETF
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
5
Schedule
of
Investments
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. 
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
FTSE
100
Index
......................................................................
55
06/19/26
$
7,778
$
68,519
$
789,539
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
766,978,790
‌
$
3,056,400,836
‌
$
—
‌
$
3,823,379,626
‌
Preferred
Stocks
.........................................
—
‌
1,102,332
‌
—
‌
1,102,332
‌
Warrants
..............................................
—
‌
—
‌
—
‌
—
‌
Short-Term
Securities
Money
Market
Funds
......................................
8,831,164
‌
—
‌
—
‌
8,831,164
‌
$
775,809,954
‌
$
3,057,503,168
‌
$
—
‌
$
3,833,313,122
‌
Derivative
Financial
Instruments
(a)
Assets
Equity
Contracts
...........................................
$
789,539
‌
$
—
‌
$
—
‌
$
789,539
‌
(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