| Schedule of Investments (unaudited) | iShares® MSCI India ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Aerospace & Defense — 1.8% | ||||||||
| Bharat Electronics Ltd. | 27,751,208 | $ | 98,637,207 | |||||
| Hindustan Aeronautics Ltd., NVS | 1,523,316 | 90,801,580 | ||||||
| 189,438,787 | ||||||||
| Automobile Components — 1.9% | ||||||||
| Balkrishna Industries Ltd. | 587,087 | 21,487,994 | ||||||
| Bharat Forge Ltd. | 1,944,282 | 36,236,019 | ||||||
| Bosch Ltd. | 54,729 | 19,928,054 | ||||||
| MRF Ltd. | 17,658 | 26,560,841 | ||||||
| Samvardhana Motherson International Ltd. | 20,537,355 | 37,355,830 | ||||||
| Sona Blw Precision Forgings Ltd.(a) | 3,117,018 | 24,353,131 | ||||||
| Tube Investments of India Ltd. | 807,611 | 34,629,695 | ||||||
| 200,551,564 | ||||||||
| Automobiles — 7.3% | ||||||||
| Bajaj Auto Ltd. | 508,804 | 55,414,349 | ||||||
| Eicher Motors Ltd. | 1,039,431 | 58,998,166 | ||||||
| Hero MotoCorp Ltd. | 910,743 | 55,940,730 | ||||||
| Mahindra & Mahindra Ltd. | 7,081,485 | 212,651,835 | ||||||
| Maruti Suzuki India Ltd. | 1,074,187 | 159,830,960 | ||||||
| Tata Motors Ltd. | 12,618,335 | 139,786,492 | ||||||
| Tata Motors Ltd., Class A | 3,474,987 | 25,808,939 | ||||||
| TVS Motor Co. Ltd. | 1,803,587 | 47,156,280 | ||||||
| 755,587,751 | ||||||||
| Banks — 16.3% | ||||||||
| AU Small Finance Bank Ltd.(a) | 2,737,901 | 21,459,641 | ||||||
| Axis Bank Ltd. | 16,953,698 | 236,354,988 | ||||||
| Bandhan Bank Ltd.(a) | 5,844,356 | 13,207,291 | ||||||
| Bank of Baroda | 7,853,313 | 24,990,156 | ||||||
| Canara Bank | 13,465,248 | 19,035,288 | ||||||
| HDFC Bank Ltd. | 21,342,332 | 392,033,855 | ||||||
| ICICI Bank Ltd. | 39,108,126 | 525,653,747 | ||||||
| IDFC First Bank Ltd.(b) | 26,304,306 | 24,121,397 | ||||||
| IndusInd Bank Ltd. | 2,186,616 | 38,336,993 | ||||||
| Kotak Mahindra Bank Ltd. | 8,301,770 | 167,397,515 | ||||||
| Punjab National Bank. | 16,721,544 | 25,984,297 | ||||||
| State Bank of India | 13,552,730 | 135,031,731 | ||||||
| Union Bank of India Ltd. | 11,623,899 | 22,345,410 | ||||||
| Yes Bank Ltd.(b) | 107,400,532 | 29,648,258 | ||||||
| 1,675,600,567 | ||||||||
| Beverages — 0.9% | ||||||||
| United Spirits Ltd. | 2,209,117 | 30,757,955 | ||||||
| Varun Beverages Ltd. | 3,453,127 | 59,083,630 | ||||||
| 89,841,585 | ||||||||
| Building Products — 0.3% | ||||||||
| Astral Ltd. | 1,019,782 | 25,651,044 | ||||||
| Capital Markets — 0.3% | ||||||||
| HDFC Asset Management Co. Ltd.(a) | 729,414 | 33,963,887 | ||||||
| Chemicals — 2.6% | ||||||||
| Asian Paints Ltd. | 2,913,178 | 100,749,637 | ||||||
| PI Industries Ltd. | 576,894 | 24,499,659 | ||||||
| Pidilite Industries Ltd. | 1,158,481 | 41,252,422 | ||||||
| Solar Industries India Ltd. | 195,651 | 21,963,822 | ||||||
| SRF Ltd. | 1,125,332 | 29,864,181 | ||||||
| Supreme Industries Ltd. | 482,236 | 30,564,428 | ||||||
| UPL Ltd. | 3,419,624 | 20,856,678 | ||||||
| 269,750,827 | ||||||||
| Commercial Services & Supplies — 0.2% | ||||||||
| Indian Railway Catering & Tourism Corp. Ltd. | 1,822,310 | 22,312,193 | ||||||
| Security | Shares | Value | ||||||
| Construction & Engineering — 2.2% | ||||||||
| Larsen & Toubro Ltd. | 5,114,464 | $ | 225,087,868 | |||||
| Construction Materials — 2.1% | ||||||||
| Ambuja Cements Ltd. | 4,522,932 | 34,368,414 | ||||||
| Grasim Industries Ltd. | 1,999,867 | 55,620,488 | ||||||
| Shree Cement Ltd. | 68,478 | 20,252,247 | ||||||
| UltraTech Cement Ltd. | 876,760 | 104,249,677 | ||||||
| 214,490,826 | ||||||||
| Consumer Finance — 3.3% | ||||||||
| Bajaj Finance Ltd. | 2,114,882 | 169,786,045 | ||||||
| Cholamandalam Investment and Finance Co. Ltd. | 3,188,891 | 47,474,205 | ||||||
| Muthoot Finance Ltd. | 914,432 | 18,469,469 | ||||||
| SBI Cards & Payment Services Ltd. | 2,166,172 | 17,988,282 | ||||||
| Shriram Finance Ltd. | 2,139,993 | 60,452,470 | ||||||
| Sundaram Finance Ltd. | 438,301 | 22,513,589 | ||||||
| 336,684,060 | ||||||||
| Consumer Staples Distribution & Retail — 0.6% | ||||||||
| Avenue Supermarts Ltd.(a)(b) | 1,235,213 | 63,748,105 | ||||||
| Diversified Telecommunication Services — 0.4% | ||||||||
| Indus Towers Ltd.(b) | 6,000,891 | 25,029,099 | ||||||
| Tata Communications Ltd. | 865,525 | 18,467,192 | ||||||
| 43,496,291 | ||||||||
| Electric Utilities — 2.1% | ||||||||
| Power Grid Corp. of India Ltd. | 35,309,316 | 131,385,537 | ||||||
| Tata Power Co. Ltd. (The) | 10,917,803 | 57,250,025 | ||||||
| Torrent Power Ltd. | 1,248,570 | 22,464,051 | ||||||
| 211,099,613 | ||||||||
| Electrical Equipment — 2.1% | ||||||||
| ABB India Ltd. | 402,183 | 40,071,356 | ||||||
| Bharat Heavy Electricals Ltd. | 7,932,022 | 28,477,901 | ||||||
| CG Power and Industrial Solutions Ltd. | 4,638,627 | 35,748,934 | ||||||
| Havells India Ltd. | 1,903,337 | 43,486,142 | ||||||
| Polycab India Ltd. | 398,273 | 32,267,459 | ||||||
| Suzlon Energy Ltd.(b) | 69,555,882 | 39,854,047 | ||||||
| 219,905,839 | ||||||||
| Financial Services — 2.9% | ||||||||
| Bajaj Finserv Ltd. | 2,907,437 | 53,314,447 | ||||||
| Bajaj Holdings & Investment Ltd. | 202,770 | 19,331,220 | ||||||
| Jio Financial Services Ltd., NVS(b) | 21,707,952 | 89,741,809 | ||||||
| Power Finance Corp. Ltd. | 11,275,801 | 66,679,785 | ||||||
| REC Ltd. | 9,996,895 | 64,527,803 | ||||||
| 293,595,064 | ||||||||
| Food Products — 2.0% | ||||||||
| Britannia Industries Ltd.(b) | 822,944 | 51,118,621 | ||||||
| Marico Ltd. | 3,930,476 | 28,024,311 | ||||||
| Nestle India Ltd., NVS | 2,562,237 | 72,309,747 | ||||||
| Tata Consumer Products Ltd. | 4,340,828 | 55,219,423 | ||||||
| 206,672,102 | ||||||||
| Gas Utilities — 0.4% | ||||||||
| GAIL India Ltd. | 17,473,803 | 42,861,742 | ||||||
| Indraprastha Gas Ltd. | 9,042 | 47,971 | ||||||
| 42,909,713 | ||||||||
| Ground Transportation — 0.2% | ||||||||
| Container Corp. of India Ltd. | 1,850,507 | 23,883,698 | ||||||
| Health Care Providers & Services — 1.0% | ||||||||
| Apollo Hospitals Enterprise Ltd. | 764,194 | 53,544,118 | ||||||
| Max Healthcare Institute Ltd. | 5,903,638 | 53,266,535 | ||||||
| 106,810,653 | ||||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Hotels, Restaurants & Leisure — 1.6% | ||||||||
| Indian Hotels Co. Ltd., Class A | 6,484,464 | $ | 43,400,519 | |||||
| Jubilant Foodworks Ltd. | 2,759,799 | 16,360,252 | ||||||
| Zomato Ltd.(b) | 50,159,426 | 107,938,128 | ||||||
| 167,698,899 | ||||||||
| Independent Power and Renewable Electricity Producers — 2.9% | ||||||||
| Adani Green Energy Ltd.(b) | 2,405,471 | 55,147,856 | ||||||
| Adani Power Ltd.(b) | 5,857,145 | 53,174,307 | ||||||
| JSW Energy Ltd. | 2,594,536 | 19,053,873 | ||||||
| NHPC Ltd., NVS. | 19,435,805 | 24,972,551 | ||||||
| NTPC Ltd. | 33,131,666 | 142,618,646 | ||||||
| 294,967,233 | ||||||||
| Industrial Conglomerates — 0.6% | ||||||||
| Siemens Ltd. | 675,931 | 56,504,360 | ||||||
| Insurance — 1.8% | ||||||||
| HDFC Life Insurance Co. Ltd.(a) | 7,349,525 | 48,477,030 | ||||||
| ICICI Lombard General Insurance Co. Ltd.(a) | 1,685,900 | 31,982,423 | ||||||
| ICICI Prudential Life Insurance Co. Ltd.(a) | 2,663,465 | 17,430,520 | ||||||
| PB Fintech Ltd.(b) | 2,176,117 | 33,745,342 | ||||||
| SBI Life Insurance Co. Ltd.(a) | 3,421,835 | 56,871,152 | ||||||
| 188,506,467 | ||||||||
| Interactive Media & Services — 0.4% | ||||||||
| Info Edge India Ltd. | 540,291 | 36,924,454 | ||||||
| IT Services — 10.1% | ||||||||
| HCL Technologies Ltd. | 7,211,280 | 114,644,272 | ||||||
| Infosys Ltd. | 25,213,681 | 427,399,954 | ||||||
| LTIMindtree Ltd.(a) | 674,565 | 38,080,719 | ||||||
| Mphasis Ltd. | 573,941 | 15,743,985 | ||||||
| Persistent Systems Ltd., NVS | 760,272 | 31,077,212 | ||||||
| Tata Consultancy Services Ltd. | 6,867,895 | 302,647,010 | ||||||
| Tech Mahindra Ltd. | 4,078,985 | 60,280,806 | ||||||
| Wipro Ltd. | 9,918,475 | 52,089,129 | ||||||
| 1,041,963,087 | ||||||||
| Life Sciences Tools & Services — 0.5% | ||||||||
| Divi’s Laboratories Ltd. | 907,067 | 46,858,268 | ||||||
| Machinery — 0.8% | ||||||||
| Ashok Leyland Ltd. | 11,147,870 | 29,964,727 | ||||||
| Cummins India Ltd. | 1,052,372 | 44,866,851 | ||||||
| Thermax Ltd. | 169,971 | 11,005,391 | ||||||
| 85,836,969 | ||||||||
| Metals & Mining — 3.8% | ||||||||
| APL Apollo Tubes Ltd. | 1,264,339 | 22,789,409 | ||||||
| Hindalco Industries Ltd. | 10,237,693 | 84,812,868 | ||||||
| Jindal Stainless Ltd. | 1,918,000 | 18,233,020 | ||||||
| Jindal Steel & Power Ltd. | 2,710,783 | 33,431,208 | ||||||
| JSW Steel Ltd. | 4,641,970 | 49,072,758 | ||||||
| NMDC Ltd. | 7,788,462 | 24,345,067 | ||||||
| Tata Steel Ltd. | 56,857,422 | 114,051,283 | ||||||
| Vedanta Ltd. | 8,443,293 | 45,461,506 | ||||||
| 392,197,119 | ||||||||
| Oil, Gas & Consumable Fuels — 10.4% | ||||||||
| Bharat Petroleum Corp. Ltd. | 5,764,733 | 43,385,922 | ||||||
| Coal India Ltd. | 11,698,237 | 68,897,639 | ||||||
| Hindustan Petroleum Corp. Ltd. | 4,308,424 | 27,742,999 | ||||||
| Indian Oil Corp. Ltd. | 21,444,664 | 41,768,164 | ||||||
| Oil & Natural Gas Corp. Ltd. | 23,916,579 | 75,948,838 | ||||||
| Security | Shares | Value | ||||||
| Oil, Gas & Consumable Fuels (continued) | ||||||||
| Petronet LNG Ltd. | 5,694,678 | $ | 20,323,990 | |||||
| Reliance Industries Ltd. | 23,117,091 | 793,052,223 | ||||||
| 1,071,119,775 | ||||||||
| Passenger Airlines — 0.6% | ||||||||
| InterGlobe Aviation Ltd.(a)(b) | 1,318,804 | 66,183,637 | ||||||
| Personal Care Products — 2.7% | ||||||||
| Colgate-Palmolive India Ltd. | 1,032,591 | 32,896,765 | ||||||
| Dabur India Ltd. | 4,047,827 | 26,435,960 | ||||||
| Godrej Consumer Products Ltd. | 3,106,413 | 47,376,386 | ||||||
| Hindustan Unilever Ltd. | 6,244,038 | 174,269,775 | ||||||
| 280,978,886 | ||||||||
| Pharmaceuticals — 3.5% | ||||||||
| Aurobindo Pharma Ltd. | 2,002,037 | 28,461,752 | ||||||
| Cipla Ltd. | 3,984,606 | 69,216,431 | ||||||
| Dr. Reddy’s Laboratories Ltd. | 886,559 | 61,584,521 | ||||||
| Lupin Ltd. | 1,729,900 | 32,843,935 | ||||||
| Mankind Pharma Ltd.(b) | 743,311 | 19,054,461 | ||||||
| Sun Pharmaceutical Industries Ltd. | 7,287,161 | 127,623,240 | ||||||
| Torrent Pharmaceuticals Ltd. | 770,930 | 24,932,103 | ||||||
| 363,716,443 | ||||||||
| Real Estate Management & Development — 1.5% | ||||||||
| DLF Ltd. | 5,638,371 | 55,229,561 | ||||||
| Godrej Properties Ltd.(b) | 950,008 | 31,736,048 | ||||||
| Macrotech Developers Ltd. | 2,257,817 | 37,325,484 | ||||||
| Phoenix Mills Ltd. (The) | 729,502 | 27,089,577 | ||||||
| 151,380,670 | ||||||||
| Software — 0.2% | ||||||||
| Tata Elxsi Ltd. | 260,035 | 21,678,418 | ||||||
| Specialty Retail — 0.7% | ||||||||
| Trent Ltd. | 1,376,543 | 75,300,242 | ||||||
| Textiles, Apparel & Luxury Goods — 1.2% | ||||||||
| Page Industries Ltd. | 46,544 | 20,081,627 | ||||||
| Titan Co. Ltd. | 2,696,301 | 104,916,278 | ||||||
| 124,997,905 | ||||||||
| Tobacco — 1.1% | ||||||||
| ITC Ltd. | 22,750,593 | 116,343,917 | ||||||
| Trading Companies & Distributors — 0.5% | ||||||||
| Adani Enterprises Ltd. | 1,298,321 | 53,121,745 | ||||||
| Transportation Infrastructure — 0.9% | ||||||||
| Adani Ports & Special Economic Zone Ltd. | 4,009,738 | 69,187,198 | ||||||
| GMR Airports Infrastructure Ltd.(b) | 18,332,959 | 18,620,650 | ||||||
| 87,807,848 | ||||||||
| Wireless Telecommunication Services — 2.8% | ||||||||
| Bharti Airtel Ltd. | 17,214,912 | 283,475,361 | ||||||
| Total Investments — 99.5% | ||||||||
| (Cost: $6,401,356,202) | 10,258,643,740 | |||||||
| Other Assets Less Liabilities — 0.5% | 53,699,551 | |||||||
| Net Assets—100.0% | $ | 10,312,343,291 | ||||||
| (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. |
2
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India ETF |
| May 31, 2024 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 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 08/31/23 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 05/31/24 | Shares Held at | Income | Capital Gain Distributions from | |||||||||||||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares(a) | $ | — | $ | 0 | (b) | $ | — | $ | — | $ | — | $ | — | — | $ | 6,250,473 | $ | — | ||||||||||||||||||
| (a) | As of period end, the entity is no longer held. |
| (b) | Represents net amount purchased (sold) |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized | ||||||||||
| Long Contracts | ||||||||||||||
| IFSC Nifty 50 Index | 895 | 06/27/24 | $ | 40,672 | $ | (4,506 | ) | |||||||
Fair Value Hierarchy as of Period End
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 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. There may not be a secondary market, and/or there are 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.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Assets | ||||||||||||||||
| Investments | ||||||||||||||||
| Long-Term Investments | ||||||||||||||||
| Common Stocks | $ | 132,233,854 | $ | 10,126,409,886 | $ | — | $ | 10,258,643,740 | ||||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India ETF |
| May 31, 2024 |
Fair Value Hierarchy as of Period End (continued)
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Derivative Financial Instruments(a) | ||||||||||||||||
| Liabilities | ||||||||||||||||
| Equity Contracts | $ | — | $ | (4,506 | ) | $ | — | $ | (4,506 | ) | ||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation
| NVS | Non-Voting Shares |
4