Schedule of Investments  (unaudited)  November 30, 2019 iShares^® MSCI Colombia ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Banks — 7.8%
Banco de Bogota SA		2,794	$	68,575
Bancolombia SA		159,254		1,883,379
Grupo Aval Acciones y Valores SA		69,469		27,201
				1,979,155
Capital Markets — 1.5%
Bolsa de Valores de Colombia		109,892		384,770
Construction & Engineering — 1.0%
Construcciones El Condor SA		385,068		140,398
Constructora Conconcreto SA(a)		956,962		121,644
				262,042
Construction Materials — 8.2%
Cementos Argos SA		136,317		239,807
CEMEX Latam Holdings SA(a)		603,486		765,410
Grupo Argos SA/Colombia		127,711		636,316
Tecnoglass Inc.		55,698		446,141
				2,087,674
Diversified Financial Services — 4.9%
Corp. Financiera Colombiana SA(a)		21,629		180,796
Grupo de Inversiones Suramericana SA		114,993		1,057,149
				1,237,945
Electric Utilities — 9.0%
Celsia SA ESP		27,452		34,389
Enel Americas SA		5,982,118		1,144,944
Interconexion Electrica SA ESP		208,251		1,121,510
				2,300,843
Food Products — 4.6%
Grupo Nutresa SA		160,846		1,182,034
Gas Utilities — 5.0%
Grupo Energia Bogota SA ESP(a)		1,870,696		1,165,085
Promigas SA ESP		53,507		121,456
				1,286,541
Metals & Mining — 1.1%
Mineros SA		309,874		281,355

Security	Shares		Value
Oil, Gas & Consumable Fuels — 29.9%
Canacol Energy Ltd.(a)		343,571	$	1,169,163
Ecopetrol SA		5,793,677		5,408,414
Empresas COPEC SA		132,578		1,051,528
				7,629,105
Total Common Stocks — 73.0% (Cost: $16,773,190)				18,631,464
Preferred Stocks
Airlines — 2.0%
Avianca Holdings SA, Preference Shares, NVS		1,044,754		527,659
Banks — 23.9%
Banco Davivienda SA, Preference Shares, NVS		90,577		1,130,812
Bancolombia SA, Preference Shares, NVS		333,968		4,106,894
Grupo Aval Acciones y Valores SA, Preference Shares, NVS		2,148,225		862,494
				6,100,200
Construction Materials — 0.8%
Cementos Argos SA, Preference Shares, NVS		18,808		28,497
Grupo Argos SA/Colombia, Preference Shares, NVS		46,438		175,772
				204,269
Diversified Financial Services — 0.3%
Grupo de Inversiones Suramericana SA, Preference Shares, NVS		9,549		73,534
Total Preferred Stocks — 27.0% (Cost: $5,957,866)				6,905,662
Total Investments in Securities — 100.0% (Cost: $22,731,056)				25,537,126
Other Assets, Less Liabilities — (0.0)%				(909	)
Net Assets — 100.0%			$	25,536,217

^(a) Non-income producing security.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended November 30, 2019, 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		Net Activity		Shares Held at 11/30/19		Value at 11/30/19		Income		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		—		—		—	$	—	$	128	$	—	$	—

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) November 30, 2019 iShares^® MSCI Colombia ETF

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of November 30, 2019. 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
Common Stocks	$	18,631,464	$	—	$	—	$	18,631,464
Preferred Stocks		6,905,662		—		—		6,905,662
	$	25,537,126	$	—	$	—	$	25,537,126

Portfolio Abbreviations — Equity
NVS	Non-Voting Shares

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