| Schedule of Investments (unaudited) | iShares® MSCI India Small-Cap ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Aerospace & Defense — 0.9% | ||||||||
| Bharat Dynamics Ltd. | 239,149 | $ | 4,469,140 | |||||
| Data Patterns India Ltd.(a) | 65,163 | 2,316,071 | ||||||
| Garden Reach Shipbuilders & Engineers Ltd. | 74,725 | 1,227,780 | ||||||
| 8,012,991 | ||||||||
| Air Freight & Logistics — 1.0% | ||||||||
| Allcargo Logistics Ltd.(a) | 742,569 | 597,052 | ||||||
| Blue Dart Express Ltd. | 15,525 | 1,341,057 | ||||||
| Delhivery Ltd.(a) | 1,050,874 | 4,852,575 | ||||||
| Gateway Distriparks Ltd. | 943,844 | 1,111,937 | ||||||
| Mahindra Logistics Ltd.(b) | 83,925 | 435,516 | ||||||
| TCI Express Ltd. | 20,105 | 254,608 | ||||||
| Transport Corp. of India Ltd. | 63,076 | 634,297 | ||||||
| 9,227,042 | ||||||||
| Automobile Components — 5.1% | ||||||||
| Apollo Tyres Ltd. | 828,585 | 4,613,734 | ||||||
| Asahi India Glass Ltd. | 191,641 | 1,352,920 | ||||||
| Banco Products India Ltd. | 56,261 | 401,282 | ||||||
| Ceat Ltd. | 52,638 | 1,488,368 | ||||||
| CIE Automotive India Ltd. | 347,524 | 2,221,991 | ||||||
| Dynamatic Technologies Ltd. | 7,903 | 737,561 | ||||||
| Endurance Technologies Ltd.(b) | 73,679 | 1,959,405 | ||||||
| Exide Industries Ltd. | 1,107,477 | 6,479,302 | ||||||
| Gabriel India Ltd. | 171,732 | 734,999 | ||||||
| JBM Auto Ltd. | 61,900 | 1,557,286 | ||||||
| JK Tyre & Industries Ltd. | 273,552 | 1,329,488 | ||||||
| Minda Corp. Ltd. | 205,512 | 1,048,985 | ||||||
| Motherson Sumi Wiring India Ltd. | 4,622,954 | 3,748,515 | ||||||
| Pricol Ltd.(a) | 183,476 | 963,599 | ||||||
| Sansera Engineering Ltd.(b) | 79,532 | 1,000,592 | ||||||
| Sundaram Finance Holdings Ltd. | 209,964 | 699,660 | ||||||
| Sundram Fasteners Ltd. | 275,034 | 3,925,978 | ||||||
| Suprajit Engineering Ltd. | 181,798 | 966,528 | ||||||
| TVS Holdings Ltd. | 13,173 | 1,821,035 | ||||||
| UNO Minda Ltd. | 525,854 | 5,357,211 | ||||||
| Varroc Engineering Ltd.(a)(b) | 99,569 | 666,118 | ||||||
| ZF Commercial Vehicle Control Systems India Ltd. | 12,420 | 2,590,633 | ||||||
| 45,665,190 | ||||||||
| Banks — 2.8% | ||||||||
| City Union Bank Ltd. | 949,948 | 1,630,414 | ||||||
| DCB Bank Ltd. | 410,198 | 630,673 | ||||||
| Equitas Small Finance Bank Ltd.(b) | 1,445,128 | 1,604,611 | ||||||
| Federal Bank Ltd. | 4,692,972 | 9,133,169 | ||||||
| Jammu & Kashmir Bank Ltd. (The) | 1,132,235 | 1,788,016 | ||||||
| Karnataka Bank Ltd. (The) | 473,730 | 1,216,656 | ||||||
| Karur Vysya Bank Ltd. (The) | 1,031,158 | 2,435,622 | ||||||
| RBL Bank Ltd.(b) | 1,162,118 | 3,428,212 | ||||||
| South Indian Bank Ltd. (The) | 3,349,861 | 1,082,685 | ||||||
| Tamilnad Mercantile Bank Ltd., NVS | 202,598 | 1,106,940 | ||||||
| Ujjivan Small Finance Bank Ltd.(b) | 2,492,072 | 1,488,306 | ||||||
| 25,545,304 | ||||||||
| Beverages — 0.6% | ||||||||
| Radico Khaitan Ltd. | 192,366 | 3,637,850 | ||||||
| Sula Vineyards Ltd., NVS | 138,019 | 863,165 | ||||||
| Tilaknagar Industries Ltd. | 254,536 | 701,930 | ||||||
| 5,202,945 | ||||||||
| Biotechnology — 0.5% | ||||||||
| Biocon Ltd. | 1,088,192 | 4,035,793 | ||||||
| Security | Shares | Value | ||||||
| Broadline Retail — 0.3% | ||||||||
| RattanIndia Enterprises Ltd.(a) | 909,722 | $ | 796,002 | |||||
| Shoppers Stop Ltd.(a) | 100,890 | 882,913 | ||||||
| V-Mart Retail Ltd.(a) | 25,944 | 652,041 | ||||||
| 2,330,956 | ||||||||
| Building Products — 1.6% | ||||||||
| Blue Star Ltd. | 349,053 | 6,608,508 | ||||||
| Cera Sanitaryware Ltd. | 15,386 | 1,292,965 | ||||||
| Electrosteel Castings Ltd. | 777,413 | 1,503,179 | ||||||
| Greenlam Industries Ltd. | 72,966 | 497,564 | ||||||
| Kajaria Ceramics Ltd. | 228,718 | 3,304,198 | ||||||
| Prince Pipes and Fittings Ltd.(a) | 117,045 | 855,509 | ||||||
| 14,061,923 | ||||||||
| Capital Markets — 5.4% | ||||||||
| 360 ONE WAM Ltd. | 329,202 | 3,060,988 | ||||||
| Aditya Birla Sun Life Asset Management Co. Ltd. | 131,222 | 821,481 | ||||||
| Anand Rathi Wealth Ltd. | 43,606 | 2,196,907 | ||||||
| Angel One Ltd. | 116,769 | 3,463,325 | ||||||
| BSE Ltd. | 172,898 | 5,603,247 | ||||||
| Central Depository Services India Ltd. | 133,536 | 3,340,686 | ||||||
| Choice International Ltd.(a) | 116,133 | 495,787 | ||||||
| CRISIL Ltd. | 47,828 | 2,352,126 | ||||||
| Edelweiss Financial Services Ltd. | 1,366,687 | 1,179,707 | ||||||
| ICICI Securities Ltd.(b) | 213,671 | 1,829,628 | ||||||
| ICRA Ltd. | 11,578 | 779,620 | ||||||
| IDFC Ltd.(a) | 3,128,342 | 4,255,621 | ||||||
| IIFL Securities Ltd. | 284,462 | 661,157 | ||||||
| Indian Energy Exchange Ltd.(b) | 1,142,103 | 2,097,991 | ||||||
| JM Financial Ltd. | 1,001,816 | 946,420 | ||||||
| Kfin Technologies Ltd.(a) | 177,024 | 1,482,513 | ||||||
| Maharashtra Scooters Ltd. | 7,347 | 682,835 | ||||||
| Motilal Oswal Financial Services Ltd. | 97,274 | 2,589,971 | ||||||
| Multi Commodity Exchange of India Ltd. | 64,518 | 2,811,688 | ||||||
| Nippon Life India Asset Management Ltd.(b) | 329,793 | 2,366,236 | ||||||
| Nuvama Wealth Management Ltd., NVS(a) | 18,517 | 1,077,228 | ||||||
| Prudent Corporate Advisory Services Ltd., NVS | 26,885 | 533,103 | ||||||
| Share India Securities Ltd. | 28,610 | 520,073 | ||||||
| Tata Investment Corp. Ltd. | 33,013 | 2,538,755 | ||||||
| UTI Asset Management Co. Ltd. | 115,680 | 1,259,071 | ||||||
| 48,946,164 | ||||||||
| Chemicals — 8.2% | ||||||||
| Aarti Industries Ltd. | 473,346 | 3,477,647 | ||||||
| Advanced Enzyme Technologies Ltd. | 151,600 | 659,587 | ||||||
| Akzo Nobel India Ltd. | 23,559 | 724,126 | ||||||
| Alkyl Amines Chemicals | 40,873 | 929,182 | ||||||
| Anupam Rasayan India Ltd. | 57,666 | 526,876 | ||||||
| Archean Chemical Industries Ltd., NVS | 144,233 | 1,075,168 | ||||||
| Atul Ltd. | 34,708 | 2,338,557 | ||||||
| Balaji Amines Ltd. | 28,073 | 705,813 | ||||||
| BASF India Ltd. | 28,198 | 1,441,597 | ||||||
| Bayer CropScience Ltd. | 35,499 | 2,138,605 | ||||||
| Carborundum Universal Ltd. | 297,694 | 5,693,602 | ||||||
| Castrol India Ltd. | 1,021,502 | 2,394,885 | ||||||
| Chambal Fertilisers and Chemicals Ltd. | 419,404 | 1,958,758 | ||||||
| Chemplast Sanmar Ltd.(a) | 189,973 | 1,071,826 | ||||||
| Clean Science & Technology Ltd. | 54,105 | 847,913 | ||||||
| Coromandel International Ltd. | 306,792 | 4,808,890 | ||||||
| Deepak Fertilisers & Petrochemicals Corp. Ltd. | 181,814 | 1,236,193 | ||||||
| Deepak Nitrite Ltd. | 159,957 | 4,202,491 | ||||||
| Dhanuka Agritech Ltd. | 36,150 | 552,280 | ||||||
| EID Parry India Ltd. | 220,906 | 1,769,582 | ||||||
| Epigral Ltd. | 32,816 | 480,998 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India Small-Cap ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Chemicals (continued) | ||||||||
| Fine Organic Industries Ltd. | 20,812 | $ | 1,107,523 | |||||
| Fineotex Chemical Ltd. | 90,374 | 383,731 | ||||||
| Finolex Industries Ltd. | 647,462 | 2,421,167 | ||||||
| Galaxy Surfactants Ltd. | 28,000 | 822,309 | ||||||
| GHCL Ltd. | 160,019 | 968,365 | ||||||
| Gujarat Alkalies & Chemicals Ltd. | 48,423 | 442,641 | ||||||
| Gujarat Fluorochemicals Ltd. | 71,831 | 2,619,139 | ||||||
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 212,013 | 1,610,777 | ||||||
| Gujarat State Fertilizers & Chemicals Ltd. | 571,697 | 1,446,392 | ||||||
| Himadri Speciality Chemical Ltd. | 451,093 | 1,799,049 | ||||||
| Indigo Paints Ltd. | 30,273 | 486,094 | ||||||
| Jubilant Ingrevia Ltd. | 185,862 | 1,116,628 | ||||||
| Kansai Nerolac Paints Ltd. | 529,796 | 1,714,603 | ||||||
| Laxmi Organic Industries Ltd. | 222,903 | 641,516 | ||||||
| Navin Fluorine International Ltd. | 77,962 | 2,983,165 | ||||||
| Neogen Chemicals Ltd. | 32,034 | 569,361 | ||||||
| NOCIL Ltd. | 236,216 | 717,147 | ||||||
| Paradeep Phosphates Ltd., NVS(b) | 843,595 | 708,886 | ||||||
| PCBL Ltd. | 441,568 | 1,246,922 | ||||||
| Rain Industries Ltd. | 478,648 | 939,019 | ||||||
| Rallis India Ltd. | 237,034 | 730,040 | ||||||
| Rashtriya Chemicals & Fertilizers Ltd. | 359,292 | 664,429 | ||||||
| Rossari Biotech Ltd. | 43,331 | 358,411 | ||||||
| Sumitomo Chemical India Ltd. | 304,956 | 1,697,058 | ||||||
| Supreme Petrochem Ltd., NVS | 173,108 | 1,348,426 | ||||||
| Tata Chemicals Ltd. | 332,252 | 4,103,341 | ||||||
| Vinati Organics Ltd. | 67,273 | 1,404,727 | ||||||
| 74,085,442 | ||||||||
| Commercial Services & Supplies — 0.5% | ||||||||
| CMS Info Systems Ltd. | 382,338 | 2,034,461 | ||||||
| Doms Industries Ltd.(a) | 36,778 | 848,366 | ||||||
| ION Exchange India Ltd., NVS. | 206,812 | 1,265,871 | ||||||
| SIS Ltd.(a) | 118,187 | 573,384 | ||||||
| 4,722,082 | ||||||||
| Communications Equipment — 0.5% | ||||||||
| Astra Microwave Products Ltd. | 121,396 | 1,264,573 | ||||||
| Sterlite Technologies Ltd. | 629,909 | 960,195 | ||||||
| Tejas Networks Ltd.(a)(b) | 155,913 | 2,081,149 | ||||||
| 4,305,917 | ||||||||
| Construction & Engineering — 5.5% | ||||||||
| Ahluwalia Contracts India Ltd. | 79,030 | 1,110,168 | ||||||
| Ashoka Buildcon Ltd.(a) | 335,129 | 737,801 | ||||||
| Dilip Buildcon Ltd.(b) | 90,290 | 439,058 | ||||||
| Engineers India Ltd. | 660,249 | 1,969,839 | ||||||
| G R Infraprojects Ltd.(a) | 60,305 | 1,166,071 | ||||||
| HG Infra Engineering Ltd. | 42,003 | 761,178 | ||||||
| Hindustan Construction Co. Ltd.(a) | 3,040,728 | 1,349,506 | ||||||
| IRB Infrastructure Developers Ltd., NVS | 3,153,379 | 2,504,342 | ||||||
| IRCON International Ltd.(b) | 858,766 | 2,790,797 | ||||||
| ITD Cementation India Ltd. | 203,050 | 979,106 | ||||||
| J Kumar Infraprojects Ltd. | 92,275 | 834,548 | ||||||
| Kalpataru Projects International Ltd. | 254,928 | 3,661,948 | ||||||
| KEC International Ltd. | 336,248 | 2,979,184 | ||||||
| KNR Constructions Ltd. | 366,755 | 1,398,466 | ||||||
| Man Infraconstruction Ltd. | 295,740 | 665,910 | ||||||
| NBCC India Ltd. | 1,635,083 | 2,794,225 | ||||||
| NCC Ltd./India | 1,065,719 | 3,674,386 | ||||||
| Patel Engineering Ltd.(a) | 998,566 | 739,994 | ||||||
| PNC Infratech Ltd. | 301,660 | 1,876,683 | ||||||
| Power Mech Projects Ltd. | 16,360 | 909,761 | ||||||
| Praj Industries Ltd. | 311,964 | 1,949,456 | ||||||
| Security | Shares | Value | ||||||
| Construction & Engineering (continued) | ||||||||
| Sterling and Wilson Renewable(a) | 243,572 | $ | 2,053,040 | |||||
| Techno Electric & Engineering Co. Ltd. | 110,066 | 1,869,051 | ||||||
| Voltas Ltd. | 558,381 | 9,103,864 | ||||||
| Waaree Renewable Technologies Ltd., NVS | 32,143 | 921,493 | ||||||
| 49,239,875 | ||||||||
| Construction Materials — 1.7% | ||||||||
| Birla Corp. Ltd. | 70,620 | 1,194,676 | ||||||
| HeidelbergCement India Ltd. | 155,439 | 376,839 | ||||||
| India Cements Ltd. (The)(a) | 329,965 | 809,984 | ||||||
| JK Cement Ltd. | 91,039 | 4,228,113 | ||||||
| JK Lakshmi Cement Ltd. | 153,361 | 1,444,479 | ||||||
| Kesoram Industries Ltd.(a) | 292,419 | 633,944 | ||||||
| Nuvoco Vistas Corp. Ltd.(a) | 262,686 | 990,585 | ||||||
| Orient Cement Ltd. | 272,496 | 674,840 | ||||||
| Prism Johnson Ltd.(a) | 338,748 | 609,202 | ||||||
| Ramco Cements Ltd. (The) | 277,790 | 2,472,231 | ||||||
| Rhi Magnesita India Ltd. | 162,815 | 1,380,473 | ||||||
| Star Cement Ltd.(a) | 267,929 | 683,648 | ||||||
| 15,499,014 | ||||||||
| Consumer Finance — 2.4% | ||||||||
| Cholamandalam Financial Holdings Ltd. | 245,683 | 3,191,707 | ||||||
| CreditAccess Grameen Ltd.(a) | 145,962 | 2,315,231 | ||||||
| Five-Star Business Finance Ltd., NVS(a) | 305,868 | 2,774,544 | ||||||
| Fusion Micro Finance Ltd., NVS(a) | 119,662 | 653,971 | ||||||
| Mahindra & Mahindra Financial Services Ltd. | 1,288,741 | 4,137,715 | ||||||
| Manappuram Finance Ltd. | 1,436,989 | 2,911,552 | ||||||
| MAS Financial Services Ltd.(b) | 132,295 | 457,733 | ||||||
| Paisalo Digital Ltd. | 1,301,966 | 983,378 | ||||||
| Poonawalla Fincorp Ltd. | 607,168 | 3,278,589 | ||||||
| SBFC Finance Ltd., NVS(a) | 573,922 | 559,412 | ||||||
| Spandana Sphoorty Financial Ltd.(a) | 64,314 | 583,354 | ||||||
| 21,847,186 | ||||||||
| Consumer Staples Distribution & Retail — 0.1% | ||||||||
| Medplus Health Services Ltd.(a) | 151,048 | 1,322,895 | ||||||
| Containers & Packaging — 0.3% | ||||||||
| AGI Greenpac Ltd. | 59,566 | 465,628 | ||||||
| EPL Ltd. | 330,977 | 724,055 | ||||||
| Jai Corp. Ltd. | 116,046 | 398,150 | ||||||
| Time Technoplast Ltd. | 257,764 | 850,760 | ||||||
| 2,438,593 | ||||||||
| Diversified Consumer Services — 0.1% | ||||||||
| NIIT Learning Systems Ltd., NVS | 198,031 | 987,044 | ||||||
| Diversified Telecommunication Services — 0.5% | ||||||||
| HFCL Ltd. | 1,870,784 | 2,334,988 | ||||||
| Railtel Corp. of India Ltd. | 251,334 | 1,250,194 | ||||||
| Tata Teleservices Maharashtra Ltd.(a) | 1,255,126 | 1,123,881 | ||||||
| 4,709,063 | ||||||||
| Electric Utilities — 0.8% | ||||||||
| CESC Ltd. | 1,539,714 | 2,724,268 | ||||||
| Reliance Infrastructure Ltd.(a) | 565,840 | 1,128,523 | ||||||
| SJVN Ltd. | 2,051,172 | 3,446,854 | ||||||
| 7,299,645 | ||||||||
| Electrical Equipment — 4.6% | ||||||||
| Amara Raja Energy & Mobility Ltd. | 286,414 | 4,055,718 | ||||||
| Elecon Engineering Co. Ltd. | 102,823 | 1,368,370 | ||||||
| Finolex Cables Ltd. | 179,715 | 3,094,962 | ||||||
| GE T&D India Ltd.(a) | 167,371 | 2,727,683 | ||||||
| Graphite India Ltd. | 175,187 | 1,190,467 | ||||||
| HBL Power Systems Ltd. | 289,533 | 1,725,689 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India Small-Cap ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Electrical Equipment (continued) | ||||||||
| HEG Ltd. | 34,672 | $ | 955,075 | |||||
| Hitachi Energy India Ltd. | 27,713 | 3,576,448 | ||||||
| Inox Wind Ltd.(a) | 269,181 | 481,956 | ||||||
| Inox Wind Ltd., NVS | 923,577 | 1,653,623 | ||||||
| KEI Industries Ltd. | 153,287 | 7,542,964 | ||||||
| Olectra Greentech Ltd. | 106,644 | 2,239,445 | ||||||
| RR Kabel Ltd., NVS | 70,049 | 1,449,339 | ||||||
| Schneider Electric Infrastructure Ltd.(a) | 125,996 | 1,038,596 | ||||||
| TD Power Systems Ltd. | 268,014 | 1,080,392 | ||||||
| Transformers & Rectifiers India Ltd. | 42,763 | 358,616 | ||||||
| Triveni Turbine Ltd. | 373,508 | 2,628,894 | ||||||
| V-Guard Industries Ltd. | 512,191 | 2,276,132 | ||||||
| Voltamp Transformers Ltd. | 17,182 | 2,321,508 | ||||||
| 41,765,877 | ||||||||
| Electronic Equipment, Instruments & Components — 1.2% | ||||||||
| Avalon Technologies Ltd., NVS(a)(b) | 70,849 | 413,893 | ||||||
| Cyient DLM Ltd., NVS(a) | 63,641 | 481,857 | ||||||
| Genus Power Infrastructures Ltd. | 234,331 | 884,626 | ||||||
| Kaynes Technology India Ltd., NVS(a) | 66,393 | 2,691,636 | ||||||
| PG Electroplast Ltd.(a) | 30,426 | 946,709 | ||||||
| Redington Ltd. | 1,532,996 | 3,650,373 | ||||||
| Syrma SGS Technology Ltd. | 161,285 | 930,903 | ||||||
| Zen Technologies Ltd. | 87,471 | 1,015,641 | ||||||
| 11,015,638 | ||||||||
| Entertainment — 0.6% | ||||||||
| Nazara Technologies Ltd.(a) | 75,483 | 636,375 | ||||||
| PVR Inox Ltd.(a) | 192,415 | 3,026,336 | ||||||
| Saregama India Ltd. | 201,507 | 1,215,892 | ||||||
| Tips Industries Ltd. | 88,911 | 444,229 | ||||||
| 5,322,832 | ||||||||
| Financial Services — 4.3% | ||||||||
| Aavas Financiers Ltd.(a) | 151,991 | 2,908,745 | ||||||
| Aptus Value Housing Finance India Ltd. | 458,812 | 1,650,002 | ||||||
| Can Fin Homes Ltd. | 209,325 | 1,827,440 | ||||||
| Home First Finance Co. India Ltd.(b) | 115,488 | 1,134,080 | ||||||
| Housing & Urban Development Corp. Ltd. | 761,443 | 2,497,664 | ||||||
| IFCI Ltd.(a) | 1,626,008 | 1,133,332 | ||||||
| IIFL Finance Ltd. | 608,788 | 2,914,438 | ||||||
| Indiabulls Housing Finance Ltd. | 965,610 | 1,827,583 | ||||||
| Indian Renewable Energy Development Agency Ltd., NVS(a) | 1,751,053 | 3,889,086 | ||||||
| Infibeam Avenues Ltd. | 2,901,418 | 1,043,632 | ||||||
| L&T Finance Ltd. | 1,956,798 | 3,593,221 | ||||||
| LIC Housing Finance Ltd. | 789,092 | 5,993,465 | ||||||
| One 97 Communications Ltd., NVS(a) | 740,234 | 3,199,178 | ||||||
| Piramal Enterprises Ltd. | 264,104 | 2,520,603 | ||||||
| PNB Housing Finance Ltd.(a)(b) | 271,811 | 2,358,608 | ||||||
| 38,491,077 | ||||||||
| Food Products — 1.4% | ||||||||
| Avanti Feeds Ltd. | 109,252 | 669,977 | ||||||
| Balrampur Chini Mills Ltd. | 313,172 | 1,419,854 | ||||||
| Bikaji Foods International Ltd. | 166,782 | 1,188,070 | ||||||
| Bombay Burmah Trading Co. | 45,602 | 803,220 | ||||||
| CCL Products India Ltd. | 194,170 | 1,332,731 | ||||||
| Dodla Dairy Ltd., NVS(a) | 55,006 | 572,227 | ||||||
| Gujarat Ambuja Exports Ltd. | 367,338 | 633,321 | ||||||
| Hindustan Foods Ltd.(a) | 90,326 | 527,967 | ||||||
| Kaveri Seed Co. Ltd. | 48,546 | 493,116 | ||||||
| KRBL Ltd. | 119,465 | 382,441 | ||||||
| LT Foods Ltd. | 316,235 | 779,931 | ||||||
| Mrs Bectors Food Specialities Ltd. | 75,993 | 1,153,495 | ||||||
| Security | Shares | Value | ||||||
| Food Products (continued) | ||||||||
| Shree Renuka Sugars Ltd.(a) | 1,690,730 | $ | 815,128 | |||||
| Triveni Engineering & Industries Ltd. | 199,936 | 787,887 | ||||||
| Zydus Wellness Ltd. | 41,735 | 877,162 | ||||||
| 12,436,527 | ||||||||
| Gas Utilities — 1.2% | ||||||||
| Gujarat Gas Ltd. | 360,253 | 2,380,382 | ||||||
| Gujarat State Petronet Ltd. | 736,713 | 2,562,883 | ||||||
| Indraprastha Gas Ltd. | 706,821 | 3,742,361 | ||||||
| Mahanagar Gas Ltd. | 129,222 | 2,010,200 | ||||||
| 10,695,826 | ||||||||
| Ground Transportation — 0.1% | ||||||||
| VRL Logistics Ltd. | 91,740 | 605,916 | ||||||
| Health Care Equipment & Supplies — 0.2% | ||||||||
| Poly Medicure Ltd. | 75,744 | 1,636,483 | ||||||
| Health Care Providers & Services — 3.0% | ||||||||
| Aster DM Healthcare Ltd.(b) | 448,477 | 1,960,082 | ||||||
| Dr Lal PathLabs Ltd.(b) | 98,066 | 3,115,253 | ||||||
| Fortis Healthcare Ltd. | 1,259,367 | 7,162,012 | ||||||
| Global Health Ltd., NVS(a) | 209,082 | 2,991,330 | ||||||
| HealthCare Global Enterprises Ltd.(a) | 110,741 | 479,252 | ||||||
| Jupiter Life Line Hospitals Ltd.(a) | 49,610 | 701,069 | ||||||
| Krishna Institute Of Medical Sciences Ltd.(a)(b) | 126,008 | 2,756,623 | ||||||
| Metropolis Healthcare Ltd.(b) | 67,402 | 1,542,236 | ||||||
| Narayana Hrudayalaya Ltd. | 185,984 | 2,651,382 | ||||||
| Rainbow Children’s Medicare Ltd. | 130,425 | 2,033,409 | ||||||
| Vijaya Diagnostic Centre Pvt Ltd. | 121,935 | 1,188,868 | ||||||
| 26,581,516 | ||||||||
| Hotels, Restaurants & Leisure — 1.9% | ||||||||
| Chalet Hotels Ltd.(a) | 193,709 | 1,822,801 | ||||||
| Devyani International Ltd.(a) | 1,082,176 | 2,001,151 | ||||||
| Easy Trip Planners Ltd., NVS | 1,420,837 | 715,618 | ||||||
| EIH Ltd. | 565,408 | 2,926,250 | ||||||
| Juniper Hotels Ltd.(a) | 105,770 | 548,673 | ||||||
| Lemon Tree Hotels Ltd.(a)(b) | 1,218,172 | 1,994,023 | ||||||
| Mahindra Holidays & Resorts India Ltd.(a) | 190,729 | 920,956 | ||||||
| Restaurant Brands Asia Ltd.(a) | 875,887 | 1,074,573 | ||||||
| Sapphire Foods India Ltd.(a) | 112,943 | 1,964,724 | ||||||
| Thomas Cook India Ltd. | 429,654 | 1,070,387 | ||||||
| Westlife Foodworld Ltd. | 163,412 | 1,628,088 | ||||||
| Wonderla Holidays Ltd. | 44,505 | 449,482 | ||||||
| 17,116,726 | ||||||||
| Household Durables — 3.1% | ||||||||
| Amber Enterprises India Ltd.(a) | 48,501 | 2,099,237 | ||||||
| Bajaj Electricals Ltd. | 105,510 | 1,164,612 | ||||||
| Cello World Ltd., NVS(a) | 135,007 | 1,372,309 | ||||||
| Crompton Greaves Consumer Electricals Ltd. | 1,675,560 | 7,876,192 | ||||||
| Dixon Technologies India Ltd. | 85,734 | 9,649,417 | ||||||
| LA Opala RG Ltd. | 103,386 | 383,727 | ||||||
| Orient Electric Ltd. | 337,474 | 919,005 | ||||||
| Sheela Foam Ltd.(a) | 1,800 | 19,130 | ||||||
| Symphony Ltd. | 44,517 | 578,345 | ||||||
| TTK Prestige Ltd. | 110,219 | 896,736 | ||||||
| Whirlpool of India Ltd. | 164,228 | 2,947,085 | ||||||
| 27,905,795 | ||||||||
| Household Products — 0.2% | ||||||||
| Jyothy Labs Ltd. | 384,819 | 1,852,969 | ||||||
| Independent Power and Renewable Electricity Producers — 1.2% | ||||||||
| Jaiprakash Power Ventures Ltd.(a) | 8,947,084 | 2,068,693 | ||||||
| KPI Green Energy Ltd.(b) | 63,892 | 1,395,238 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India Small-Cap ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Independent Power and Renewable Electricity Producers (continued) | ||||||||
| NLC India Ltd. | 893,916 | $ | 2,540,973 | |||||
| PTC India Ltd. | 544,807 | 1,369,819 | ||||||
| RattanIndia Power Ltd.(a) | 6,318,292 | 1,452,941 | ||||||
| Reliance Power Ltd.(a) | 6,827,218 | 2,012,429 | ||||||
| 10,840,093 | ||||||||
| Industrial Conglomerates — 1.2% | ||||||||
| 3M India Ltd. | 7,384 | 2,953,290 | ||||||
| Apar Industries Ltd. | 47,014 | 4,456,901 | ||||||
| Balmer Lawrie & Co. Ltd. | 158,761 | 513,429 | ||||||
| Godrej Industries Ltd.(a) | 176,422 | 1,664,010 | ||||||
| Jaiprakash Associates Ltd.(a) | 3,138,846 | 583,583 | ||||||
| Nava Ltd. | 172,364 | 1,005,430 | ||||||
| 11,176,643 | ||||||||
| Insurance — 1.2% | ||||||||
| Max Financial Services Ltd.(a) | 675,746 | 7,441,778 | ||||||
| Religare Enterprises Ltd.(a) | 263,430 | 647,951 | ||||||
| Star Health & Allied Insurance Co. Ltd.(a) | 449,956 | 2,805,933 | ||||||
| 10,895,662 | ||||||||
| Interactive Media & Services — 0.1% | ||||||||
| Just Dial Ltd.(a) | 55,284 | 618,551 | ||||||
| IT Services — 2.4% | ||||||||
| Coforge Ltd. | 153,042 | 9,151,564 | ||||||
| Cyient Ltd. | 217,019 | 4,521,987 | ||||||
| Happiest Minds Technologies Ltd. | 179,554 | 1,702,432 | ||||||
| Hinduja Global Solutions Ltd. | 37,683 | 373,806 | ||||||
| Mastek Ltd. | 41,223 | 1,179,625 | ||||||
| Sonata Software Ltd. | 439,723 | 2,718,229 | ||||||
| Zensar Technologies Ltd. | 295,917 | 2,168,049 | ||||||
| 21,815,692 | ||||||||
| Life Sciences Tools & Services — 0.4% | ||||||||
| Syngene International Ltd.(b) | 471,244 | 3,798,655 | ||||||
| Machinery — 6.9% | ||||||||
| Action Construction Equipment Ltd. | 108,469 | 1,868,418 | ||||||
| AIA Engineering Ltd. | 110,907 | 4,893,823 | ||||||
| Azad Engineering Ltd., NVS | 29,607 | 530,485 | ||||||
| BEML Ltd., (Acquired 09/19/22, Cost: $1,267,158)(c) | 48,871 | 2,582,883 | ||||||
| Cochin Shipyard Ltd., NVS(b) | 205,553 | 4,800,973 | ||||||
| Craftsman Automation Ltd. | 22,039 | 1,118,602 | ||||||
| Elgi Equipments Ltd. | 497,142 | 3,642,655 | ||||||
| ESAB India Ltd. | 11,988 | 764,358 | ||||||
| Force Motors Ltd. | 11,995 | 1,258,292 | ||||||
| GMM Pfaudler Ltd. | 87,487 | 1,295,112 | ||||||
| Grindwell Norton Ltd. | 116,144 | 3,565,242 | ||||||
| Happy Forgings Ltd.(a) | 58,294 | 779,418 | ||||||
| Ingersoll Rand India Ltd. | 20,755 | 1,080,169 | ||||||
| Inox India Ltd., NVS | 51,162 | 772,261 | ||||||
| ISGEC Heavy Engineering Ltd. | 67,297 | 868,936 | ||||||
| Jain Irrigation Systems Ltd.(a) | 787,830 | 572,658 | ||||||
| Jamna Auto Industries Ltd. | 514,672 | 745,089 | ||||||
| Jupiter Wagons Ltd., NVS | 320,625 | 2,316,129 | ||||||
| Kennametal India Ltd. | 14,429 | 636,028 | ||||||
| Kirloskar Brothers Ltd. | 62,400 | 1,288,104 | ||||||
| Kirloskar Oil Engines Ltd. | 208,022 | 3,112,970 | ||||||
| Kirloskar Pneumatic Co. Ltd., NVS | 93,050 | 1,368,675 | ||||||
| KSB Ltd.(a) | 32,265 | 1,833,834 | ||||||
| Lakshmi Machine Works Ltd. | 9,875 | 1,886,224 | ||||||
| Lloyds Engineering Works Ltd., NVS | 1,335,087 | 1,044,429 | ||||||
| MTAR Technologies Ltd.(a) | 51,132 | 1,106,283 | ||||||
| Rolex Rings Ltd.(a) | 32,140 | 905,023 | ||||||
| SKF India Ltd. | 64,452 | 4,626,773 | ||||||
| Security | Shares | Value | ||||||
| Machinery (continued) | ||||||||
| Tega Industries Ltd., NVS | 42,891 | $ | 766,267 | |||||
| Texmaco Rail & Engineering Ltd. | 514,116 | 1,225,244 | ||||||
| Timken India Ltd. | 78,369 | 3,713,636 | ||||||
| Titagarh Rail System Ltd. | 209,335 | 3,555,308 | ||||||
| Vesuvius India Ltd. | 21,216 | 1,394,677 | ||||||
| 61,918,978 | ||||||||
| Marine Transportation — 0.1% | ||||||||
| Shipping Corp. of India Ltd. | 427,817 | 1,262,195 | ||||||
| Media — 1.0% | ||||||||
| Affle India Ltd.(a) | 148,431 | 2,026,439 | ||||||
| Brightcom Group Ltd.(a) | 2,517,240 | 331,727 | ||||||
| DB Corp. Ltd. | 119,682 | 434,791 | ||||||
| Network18 Media & Investments Ltd.(a) | 423,794 | 406,097 | ||||||
| Sun TV Network Ltd. | 205,661 | 1,619,888 | ||||||
| TV18 Broadcast Ltd.(a) | 1,145,315 | 576,908 | ||||||
| Zee Entertainment Enterprises Ltd.(a) | 2,126,583 | 3,794,073 | ||||||
| 9,189,923 | ||||||||
| Metals & Mining — 3.3% | ||||||||
| Godawari Power and Ispat Ltd. | 124,064 | 1,439,479 | ||||||
| Gravita India Ltd. | 54,496 | 704,566 | ||||||
| Hindustan Copper Ltd. | 629,884 | 2,692,099 | ||||||
| Jai Balaji Industries Ltd., NVS(a) | 86,593 | 902,078 | ||||||
| Jindal Saw Ltd. | 291,498 | 1,886,632 | ||||||
| Kirloskar Ferrous Industries Ltd. | 128,403 | 1,054,959 | ||||||
| Maharashtra Seamless Ltd. | 103,664 | 814,761 | ||||||
| Mishra Dhatu Nigam Ltd.(b) | 120,289 | 623,998 | ||||||
| MOIL Ltd. | 159,498 | 963,306 | ||||||
| National Aluminium Co. Ltd. | 2,150,441 | 4,947,036 | ||||||
| NMDC Steel Ltd., NVS(a) | 1,911,447 | 1,379,697 | ||||||
| Orissa Minerals Development Co. Ltd. (The)(a) | 5,370 | 363,514 | ||||||
| PTC Industries Ltd., NVS(a) | 7,702 | 772,506 | ||||||
| Ramkrishna Forgings Ltd. | 212,919 | 1,700,210 | ||||||
| Ratnamani Metals & Tubes Ltd. | 73,296 | 2,988,027 | ||||||
| Sandur Manganese & Iron Ores Ltd. (The) | 107,959 | 684,725 | ||||||
| Sarda Energy & Minerals Ltd., NVS | 225,243 | 604,325 | ||||||
| Shivalik Bimetal Controls Ltd., NVS | 62,181 | 378,113 | ||||||
| Shyam Metalics & Energy Ltd. | 145,516 | 1,066,331 | ||||||
| Surya Roshni Ltd., NVS | 86,121 | 600,733 | ||||||
| Usha Martin Ltd. | 397,643 | 1,741,045 | ||||||
| Welspun Corp. Ltd. | 239,152 | 1,580,635 | ||||||
| 29,888,775 | ||||||||
| Office REITs — 1.5% | ||||||||
| Brookfield India Real Estate Trust(b) | 515,751 | 1,609,383 | ||||||
| Embassy Office Parks REIT | 2,225,973 | 9,329,906 | ||||||
| Mindspace Business Parks REIT(b) | 546,498 | 2,243,967 | ||||||
| 13,183,256 | ||||||||
| Oil, Gas & Consumable Fuels — 1.0% | ||||||||
| Aegis Logistics Ltd. | 366,119 | 3,108,548 | ||||||
| Chennai Petroleum Corp. Ltd. | 134,626 | 1,482,695 | ||||||
| Great Eastern Shipping Co. Ltd. (The) | 260,780 | 3,370,122 | ||||||
| Gujarat Mineral Development Corp. Ltd. | 204,548 | 963,874 | ||||||
| 8,925,239 | ||||||||
| Paper & Forest Products — 0.7% | ||||||||
| Century Plyboards India Ltd. | 144,951 | 1,129,699 | ||||||
| Century Textiles & Industries Ltd. | 129,392 | 3,133,137 | ||||||
| Greenpanel Industries Ltd. | 166,831 | 591,556 | ||||||
| JK Paper Ltd. | 197,636 | 914,541 | ||||||
| West Coast Paper Mills Ltd. | 70,904 | 506,057 | ||||||
| 6,274,990 | ||||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India Small-Cap ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Passenger Airlines — 0.1% | ||||||||
| SpiceJet Ltd.(a) | 634,272 | $ | 431,298 | |||||
| Personal Care Products — 0.7% | ||||||||
| Emami Ltd. | 515,342 | 3,867,979 | ||||||
| Gillette India Ltd. | 15,124 | 1,293,448 | ||||||
| Honasa Consumer Ltd., NVS(a) | 291,369 | 1,541,814 | ||||||
| 6,703,241 | ||||||||
| Pharmaceuticals — 6.3% | ||||||||
| Aarti Drugs Ltd. | 85,959 | 492,390 | ||||||
| Aarti Pharmalabs Ltd., NVS | 105,487 | 713,222 | ||||||
| Aether Industries Ltd., NVS(a) | 71,902 | 693,989 | ||||||
| Ajanta Pharma Ltd. | 114,880 | 3,209,856 | ||||||
| Alembic Pharmaceuticals Ltd. | 129,308 | 1,430,972 | ||||||
| AMI Organics Ltd. | 39,840 | 581,616 | ||||||
| AstraZeneca Pharma India Ltd. | 13,155 | 975,373 | ||||||
| Caplin Point Laboratories Ltd. | 49,191 | 760,582 | ||||||
| Concord Biotech Ltd., NVS(a) | 66,631 | 1,168,240 | ||||||
| Eris Lifesciences Ltd.(a)(b) | 125,139 | 1,374,941 | ||||||
| FDC Ltd./India(a) | 137,199 | 711,370 | ||||||
| Gland Pharma Ltd.(a)(b) | 77,425 | 1,710,993 | ||||||
| GlaxoSmithKline Pharmaceuticals Ltd. | 110,621 | 3,473,888 | ||||||
| Glenmark Life Sciences Ltd. | 62,972 | 630,880 | ||||||
| Glenmark Pharmaceuticals Ltd. | 368,369 | 5,124,205 | ||||||
| Granules India Ltd. | 316,099 | 1,586,273 | ||||||
| Hikal Ltd. | 100,875 | 344,608 | ||||||
| Ipca Laboratories Ltd. | 363,588 | 5,017,028 | ||||||
| JB Chemicals & Pharmaceuticals Ltd., NVS | 182,718 | 3,879,670 | ||||||
| Jubilant Pharmova Ltd., Class A | 164,373 | 1,356,558 | ||||||
| Laurus Labs Ltd.(b) | 914,361 | 4,591,659 | ||||||
| Marksans Pharma Ltd. | 527,399 | 940,125 | ||||||
| Natco Pharma Ltd. | 210,173 | 2,521,427 | ||||||
| Neuland Laboratories Ltd. | 20,143 | 1,458,156 | ||||||
| Orchid Pharma Ltd.(a) | 37,196 | 446,818 | ||||||
| Piramal Pharma Ltd., NVS(a) | 1,532,573 | 2,727,002 | ||||||
| Procter & Gamble Health Ltd. | 20,130 | 1,134,546 | ||||||
| Sanofi India Ltd. | 21,053 | 2,178,635 | ||||||
| Shilpa Medicare Ltd.(a) | 101,419 | 590,012 | ||||||
| Strides Pharma Science Ltd. | 152,343 | 1,572,608 | ||||||
| Sun Pharma Advanced Research Co. Ltd.(a) | 170,460 | 422,815 | ||||||
| Suven Pharmaceuticals Ltd.(a) | 268,197 | 1,988,572 | ||||||
| Wockhardt Ltd.(a) | 177,078 | 1,125,857 | ||||||
| 56,934,886 | ||||||||
| Professional Services — 1.5% | ||||||||
| BLS International Services Ltd. | 265,703 | 992,481 | ||||||
| Computer Age Management Services Ltd. | 115,277 | 4,813,784 | ||||||
| eClerx Services Ltd. | 57,767 | 1,522,673 | ||||||
| eMudhra Ltd. | 71,593 | 653,179 | ||||||
| Firstsource Solutions Ltd. | 829,029 | 1,823,505 | ||||||
| Latent View Analytics Ltd.(a) | 136,240 | 780,617 | ||||||
| Quess Corp. Ltd.(b) | 150,167 | 1,022,711 | ||||||
| RITES Ltd. | 125,778 | 1,053,745 | ||||||
| TeamLease Services Ltd.(a) | 31,343 | 1,096,339 | ||||||
| 13,759,034 | ||||||||
| Real Estate Management & Development — 1.7% | ||||||||
| Anant Raj Ltd. | 304,255 | 1,409,795 | ||||||
| Brigade Enterprises Ltd. | 302,274 | 4,651,264 | ||||||
| Hemisphere Properties India Ltd.(a) | 229,081 | 547,920 | ||||||
| Indiabulls Real Estate Ltd.(a) | 1,151,645 | 1,843,630 | ||||||
| Mahindra Lifespace Developers Ltd. | 204,555 | 1,418,681 | ||||||
| NESCO Ltd. | 56,568 | 578,087 | ||||||
| Puravankara Ltd. | 133,683 | 648,386 | ||||||
| Security | Shares | Value | ||||||
| Real Estate Management & Development (continued) | ||||||||
| Sobha Ltd. | 99,419 | $ | 2,268,574 | |||||
| Sunteck Realty Ltd. | 138,355 | 781,676 | ||||||
| TARC Ltd.(a) | 233,664 | 471,552 | ||||||
| Valor Estate Ltd.(a) | 347,311 | 848,323 | ||||||
| 15,467,888 | ||||||||
| Semiconductors & Semiconductor Equipment — 0.1% | ||||||||
| Borosil Renewables Ltd.(a) | 140,903 | 796,800 | ||||||
| Software — 2.2% | ||||||||
| Birlasoft Ltd. | 432,142 | 3,139,130 | ||||||
| CE Info Systems Ltd. | 35,312 | 813,185 | ||||||
| Intellect Design Arena Ltd. | 214,832 | 2,369,220 | ||||||
| KPIT Technologies Ltd. | 428,585 | 7,501,235 | ||||||
| Newgen Software Technologies Ltd. | 164,285 | 1,810,008 | ||||||
| Rategain Travel Technologies Ltd.(a) | 135,363 | 1,138,354 | ||||||
| Route Mobile Ltd. | 66,199 | 1,172,065 | ||||||
| Tanla Platforms Ltd. | 172,256 | 1,899,412 | ||||||
| 19,842,609 | ||||||||
| Specialty Retail — 0.8% | ||||||||
| Aditya Birla Fashion and Retail Ltd.(a) | 918,554 | 3,167,591 | ||||||
| Arvind Fashions Ltd. | 144,609 | 763,784 | ||||||
| Electronics Mart India Ltd., NVS(a) | 243,551 | 587,512 | ||||||
| Ethos Ltd., NVS(a) | 24,715 | 723,761 | ||||||
| Go Fashion India Ltd.(a) | 72,260 | 837,249 | ||||||
| Redtape Ltd./India(a) | 91,776 | 802,672 | ||||||
| Thanga Mayil Jewellery Ltd., NVS | 26,681 | 397,187 | ||||||
| 7,279,756 | ||||||||
| Technology Hardware, Storage & Peripherals — 0.1% | ||||||||
| Netweb Technologies India Ltd., NVS(a) | 36,648 | 1,032,822 | ||||||
| Textiles, Apparel & Luxury Goods — 3.3% | ||||||||
| Alok Industries Ltd.(a) | 3,200,564 | 980,221 | ||||||
| Arvind Ltd. | 368,627 | 1,670,717 | ||||||
| Bata India Ltd. | 134,916 | 2,211,922 | ||||||
| Campus Activewear Ltd.(a) | 223,732 | 743,640 | ||||||
| Garware Technical Fibres Ltd. | 24,269 | 1,011,077 | ||||||
| Gokaldas Exports Ltd. | 150,268 | 1,529,367 | ||||||
| Indo Count Industries Ltd. | 183,051 | 738,300 | ||||||
| Kalyan Jewellers India Ltd. | 800,823 | 3,736,515 | ||||||
| Klass Pack Ltd., NVS | 39,477 | 45,257 | ||||||
| KPR Mill Ltd. | 223,468 | 2,060,267 | ||||||
| PDS Ltd. | 71,154 | 352,486 | ||||||
| Rajesh Exports Ltd.(a) | 222,480 | 791,568 | ||||||
| Raymond Ltd. | 86,879 | 2,301,622 | ||||||
| Relaxo Footwears Ltd. | 196,975 | 1,863,395 | ||||||
| Safari Industries India Ltd. | 56,667 | 1,338,455 | ||||||
| Swan Energy Ltd. | 293,095 | 2,020,998 | ||||||
| Trident Ltd. | 3,330,929 | 1,458,453 | ||||||
| Vaibhav Global Ltd. | 134,476 | 546,463 | ||||||
| Vardhman Textiles Ltd. | 266,658 | 1,444,280 | ||||||
| Vedant Fashions Ltd. | 85,292 | 1,066,006 | ||||||
| VIP Industries Ltd. | 171,446 | 1,002,687 | ||||||
| Welspun Living Ltd. | 503,374 | 823,149 | ||||||
| 29,736,845 | ||||||||
| Tobacco — 0.2% | ||||||||
| Godfrey Phillips India Ltd. | 31,929 | 1,488,052 | ||||||
| VST Industries Ltd. | 9,840 | 476,137 | ||||||
| 1,964,189 | ||||||||
| Trading Companies & Distributors — 0.4% | ||||||||
| IndiaMART Intermesh Ltd.(b) | 70,688 | 2,051,060 | ||||||
| MSTC Ltd. | 56,794 | 607,525 | ||||||
5
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India Small-Cap ETF |
| May 31, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Trading Companies & Distributors (continued) | ||||||||
| Sanghvi Movers Ltd. | 44,176 | $ | 580,069 | |||||
| 3,238,654 | ||||||||
| Transportation Infrastructure — 0.2% | ||||||||
| Gujarat Pipavav Port Ltd. | 699,784 | 1,631,123 | ||||||
| Water Utilities — 0.1% | ||||||||
| VA Tech Wabag Ltd.(a) | 101,195 | 1,188,148 | ||||||
| Total Common Stocks — 99.3% | ||||||||
| (Cost: $680,598,104) | 894,708,191 | |||||||
| Preferred Stocks | ||||||||
| Automobile Components — 0.0% | ||||||||
| Sundaram Clayton Ltd., Preference Shares | 7,035 | 758 | ||||||
| Total Preferred Stocks — 0.0% | ||||||||
| (Cost: $410) | 758 | |||||||
| Total Investments — 99.3% | ||||||||
| (Cost: $680,598,514) | 894,708,949 | |||||||
| Other Assets Less Liabilities — 0.7% | 6,663,327 | |||||||
| Net Assets — 100.0% | $ | 901,372,276 | ||||||
| (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) | Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $2,582,883, representing 0.3% of its net assets as of period end, and an original cost of $1,267,158. |
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) | $ | — | $ | — | $ | — | $ | — | — | $ | 495,527 | $ | — | ||||||||||||||||||
| (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 | 53 | 06/27/24 | $ | 2,408 | $ | (2,011 | ) | |||||||
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 |
6
| Schedule of Investments (unaudited) (continued) | iShares® MSCI India Small-Cap ETF |
| May 31, 2024 |
Fair Value Hierarchy as of Period End (continued)
| ● | 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 | $ | 63,476,161 | $ | 831,232,030 | $ | — | $ | 894,708,191 | ||||||||
| Preferred Stocks | — | 758 | — | 758 | ||||||||||||
| $ | 63,476,161 | $ | 831,232,788 | $ | — | $ | 894,708,949 | |||||||||
| Derivative Financial Instruments(a) | ||||||||||||||||
| Liabilities | ||||||||||||||||
| Equity Contracts | $ | — | $ | (2,011 | ) | $ | — | $ | (2,011 | ) | ||||||
| (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 |
| REIT | Real Estate Investment Trust |
7