Schedule of Investments  (unaudited) May 31, 2020 iShares^® Currency Hedged MSCI United Kingdom ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Investment Companies
Exchange-Traded Funds — 99.8%
iShares MSCI United Kingdom ETF(a)		463,657	$	11,929,895
Total Investment Companies — 99.8% (Cost: $15,561,014)				11,929,895
Short-Term Investments
Money Market Funds — 4.2%
BlackRock Cash Funds: Treasury, SL Agency Shares,     0.16%(a)(b)		500,000		500,000
Total Short-Term Investments — 4.2% (Cost: $500,000)				500,000
Total Investments in Securities — 104.0% (Cost: $16,061,014)				12,429,895
Other Assets, Less Liabilities — (4.0)%				(480,459	)
Net Assets — 100.0%			$	11,949,436

^(a)  Affiliate of the Fund.

^(b)  Annualized 7-day yield as of period-end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended May 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 08/31/19	Shares Purchased		Shares Sold		Shares Held at 05/31/20		Value at 05/31/20		Income		Net Realized Gain (Loss)	(a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares	77,000	423,000	(b)	—		500,000	$	500,000	$	2,013	$	—		$	—
iShares MSCI United Kingdom ETF	1,154,591	1,177,426		(1,868,360	)	463,657		11,929,895		1,115,884		(10,062,851	)		(2,228,092	)
							$	12,429,895	$	1,117,897	$	(10,062,851	)	$	(2,228,092	)

^(a)  Includes realized capital gain distributions from an affiliated fund, if any. (b) Net of purchases and sales.

Forward Foreign Currency Exchange Contracts

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
GBP	8,153,000	USD	10,014,291	MS	06/03/20	$	54,683
USD	21,974,307	GBP	17,707,000	MS	06/03/20		106,122
GBP	146,000	USD	179,950	MS	07/03/20		385
USD	12,291,217	GBP	9,941,000	MS	07/03/20		12,354
							173,544
GBP	9,554,000	USD	11,811,473	MS	06/03/20		(12,261	)
	Net unrealized appreciation					$	161,283

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

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Schedule of Investments  (unaudited) (continued) May 31, 2020 iShares^® Currency Hedged MSCI United Kingdom ETF     

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2			Level 3		Total
Investments
Assets
Investment Companies	$	11,929,895	$	—		$	—	$	11,929,895
Money Market Funds		500,000		—			—		500,000
	$	12,429,895	$	—		$	—	$	12,429,895
Derivative financial instruments(a)
Assets
Forward Foreign Currency Exchange Contracts	$	—	$	173,544		$	—	$	173,544
Liabilities
Forward Foreign Currency Exchange Contracts		—		(12,261	)		—		(12,261	)
	$	—	$	161,283		$	—	$	161,283

^(a)  Shown at the unrealized appreciation (depreciation) on the contracts.

Counterparty Abbreviations
MS	Morgan Stanley & Co. International PLC

Currency Abbreviations
GBP	British Pound
USD	United States Dollar

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