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

Security	Shares		Value
Common Stocks
Argentina — 0.2%
Banco Macro SA, ADR		217,008	$	5,609,657
Globant SA(a)(b)		162,039		17,338,173
Grupo Financiero Galicia SA, ADR		487,859		6,517,796
Telecom Argentina SA, ADR		411,665		4,273,083
YPF SA, ADR		840,597		8,078,137
				41,816,846
Brazil — 4.8%
Ambev SA		21,912,515		93,541,351
Atacadao SA		1,863,400		8,289,514
B2W Cia. Digital(a)		978,129		13,033,084
B3 SA — Brasil, Bolsa, Balcao		9,553,601		107,820,599
Banco Bradesco SA		5,722,869		42,295,877
Banco BTG Pactual SA		1,032,200		17,149,221
Banco do Brasil SA		3,987,574		45,088,076
Banco Santander Brasil SA		1,913,400		19,956,233
BB Seguridade Participacoes SA		3,324,900		27,089,564
BR Malls Participacoes SA		3,720,888		13,701,541
BRF SA(a)		2,650,185		22,939,898
CCR SA		5,672,400		23,060,936
Centrais Eletricas Brasileiras SA		977,300		8,050,365
Cia. de Saneamento Basico do Estado de Sao Paulo		1,590,624		21,593,032
Cia. Siderurgica Nacional SA		2,938,528		8,728,783
Cielo SA		5,695,176		10,505,965
Cogna Educacao		6,904,780		16,738,168
Cosan SA		748,800		10,997,441
Embraer SA		3,292,000		14,014,143
Energisa SA		766,200		8,331,924
Engie Brasil Energia SA		945,950		10,463,326
Equatorial Energia SA		3,952,500		19,293,711
Hapvida Participacoes e Investimentos SA(c)		935,200		12,319,523
Hypera SA		1,777,000		13,994,773
IRB Brasil Resseguros S/A		3,278,500		28,789,515
JBS SA		5,079,065		34,210,385
Klabin SA		3,251,800		13,627,674
Localiza Rent a Car SA		2,691,789		28,673,031
Lojas Renner SA		3,749,789		45,937,864
Magazine Luiza SA		3,341,400		35,584,808
Multiplan Empreendimentos Imobiliarios SA		1,355,409		9,270,494
Natura Cosmeticos SA		1,823,900		14,286,491
Notre Dame Intermedica Participacoes SA		1,595,300		21,388,633
Petrobras Distribuidora SA		3,257,000		21,906,932
Petroleo Brasileiro SA		13,977,274		103,136,237
Porto Seguro SA		458,700		6,508,999
Raia Drogasil SA		1,074,800		28,721,153
Rumo SA(a)		5,077,800		29,338,187
Sul America SA		1,206,836		15,181,422
Suzano SA		2,521,000		22,990,270
TIM Participacoes SA		3,933,876		12,597,186
Ultrapar Participacoes SA		3,363,600		17,349,790
Vale SA(a)		14,731,509		174,131,642
WEG SA		3,874,606		27,875,391
				1,280,503,152
Chile — 0.7%
Aguas Andinas SA, Class A		13,050,842		5,321,131
Banco de Chile		204,500,994		20,705,561
Banco de Credito e Inversiones SA		233,800		10,424,979
Banco Santander Chile		305,227,795		16,253,951

Security	Shares		Value
Chile (continued)
Cencosud SA		6,762,877	$	8,590,627
Cia. Cervecerias Unidas SA		693,691		6,370,211
Colbun SA		40,336,420		5,728,639
Empresa Nacional de Telecomunicaciones SA(a)		749,491		4,533,616
Empresas CMPC SA		5,334,198		11,535,438
Empresas COPEC SA		1,815,872		14,402,395
Enel Americas SA		175,823,044		33,651,553
Enel Chile SA		137,255,299		10,272,205
Itau CorpBanca		776,807,319		3,850,728
Latam Airlines Group SA		1,417,133		14,838,344
SACI Falabella		3,444,765		13,788,537
				180,267,915
China — 34.0%
360 Security Technology Inc., Class A		549,190		1,620,239
3SBio Inc.(a)(c)		6,002,500		8,665,102
51job Inc., ADR(a)(b)		122,045		9,595,178
58.com Inc., ADR(a)(b)		436,784		26,870,952
AAC Technologies Holdings Inc.(b)		3,370,500		23,639,034
AECC Aviation Power Co. Ltd., Class A		1,610,086		4,644,776
Agile Group Holdings Ltd.		6,472,000		9,061,751
Agricultural Bank of China Ltd., Class A		21,563,200		11,103,747
Agricultural Bank of China Ltd., Class H		127,853,000		51,776,565
Aier Eye Hospital Group Co. Ltd., Class A		865,820		4,916,612
Air China Ltd., Class A		228,793		275,009
Air China Ltd., Class H		9,570,000		8,704,724
Aisino Corp., Class A		1,266,274		3,719,594
Alibaba Group Holding Ltd., ADR(a)		7,852,445		1,570,489,000
Alibaba Health Information Technology Ltd.(a)(b)		16,780,000		18,992,788
Alibaba Pictures Group Ltd.(a)(b)		69,710,000		11,577,145
A-Living Services Co. Ltd., Class H(c)		1,616,000		5,212,737
Aluminum Corp. of China Ltd., Class A(a)		578,600		269,960
Aluminum Corp. of China Ltd., Class H(a)(b)		22,526,000		6,906,506
Angang Steel Co. Ltd., Class A		4,544,377		2,036,257
Anhui Conch Cement Co. Ltd., Class A		1,165,386		7,592,469
Anhui Conch Cement Co. Ltd., Class H		5,621,000		35,940,219
Anhui Gujing Distillery Co. Ltd., Class A		152,085		2,339,919
Anhui Kouzi Distillery Co. Ltd., Class A		270,398		2,071,271
ANTA Sports Products Ltd.		5,035,402		47,345,098
Asymchem Laboratories Tianjin Co. Ltd., Class A		124,200		2,173,074
Autobio Diagnostics Co. Ltd., Class A		119,692		1,744,826
Autohome Inc., ADR(a)		275,818		18,769,415
AVIC Aircraft Co. Ltd., Class A		1,642,486		3,714,895
Avic Capital Co. Ltd., Class A		5,558,189		3,589,525
AVIC Jonhon Optronic Technology Co. Ltd., Class A		542,793		2,974,187
AviChina Industry & Technology Co. Ltd., Class H		12,063,000		5,501,569
AVICOPTER PLC, Class A		451,179		2,920,169
BAIC Motor Corp. Ltd., Class H(c)		8,038,500		4,508,194
Baidu Inc., ADR(a)		1,281,259		151,867,629
Bank of Beijing Co. Ltd., Class A		6,501,006		5,141,657
Bank of Chengdu Co. Ltd., Class A		2,763,600		3,357,228
Bank of China Ltd., Class A		10,370,500		5,354,934
Bank of China Ltd., Class H		366,372,000		146,965,358
Bank of Communications Co. Ltd., Class A		12,289,973		9,632,750
Bank of Communications Co. Ltd., Class H		35,946,600		23,603,912
Bank of Guiyang Co. Ltd., Class A		3,242,800		4,248,421
Bank of Hangzhou Co. Ltd., Class A		3,437,393		4,258,877
Bank of Jiangsu Co. Ltd., Class A		3,851,585		3,780,388
Bank of Nanjing Co. Ltd., Class A		2,782,986		3,273,892
Bank of Ningbo Co. Ltd., Class A		1,630,601		6,165,246

1

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

Security	Shares		Value
China (continued)
Bank of Shanghai Co. Ltd., Class A		4,107,663	$	5,369,800
Baoshan Iron & Steel Co. Ltd., Class A		5,209,273		4,053,332
Baozun Inc., ADR(a)(b)		196,543		7,462,738
BBMG Corp., Class H		12,486,000		3,445,404
Beijing Capital International Airport Co. Ltd., Class H		8,170,000		7,723,548
Beijing Enlight Media Co. Ltd., Class A		1,294,895		1,832,759
Beijing Enterprises Holdings Ltd.		2,431,500		10,747,648
Beijing Enterprises Water Group Ltd.		24,646,000		12,090,401
Beijing New Building Materials PLC, Class A		854,394		2,712,690
Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A		671,686		2,293,112
Beijing Shiji Information Technology Co. Ltd., Class A		358,396		1,839,915
Beijing Shunxin Agriculture Co. Ltd., Class A		295,200		2,101,688
Beijing Sinnet Technology Co. Ltd., Class A		886,586		2,415,113
Beijing Tiantan Biological Products Corp. Ltd., Class A		600,298		2,256,044
Beijing Tongrentang Co. Ltd., Class A		1,135,693		4,297,247
BEST Inc., ADR(a)		751,881		4,518,805
Betta Pharmaceuticals Co. Ltd., Class A		144,796		1,376,499
BOC Aviation Ltd.(c)		1,002,000		9,466,053
BOE Technology Group Co. Ltd., Class A		8,574,900		4,757,091
Bosideng International Holdings Ltd.		14,936,000		7,136,232
Brilliance China Automotive Holdings Ltd.(b)		14,210,000		14,667,919
BYD Co. Ltd., Class A		500,412		3,088,625
BYD Co. Ltd., Class H(b)		2,977,500		14,131,024
BYD Electronic International Co. Ltd.		3,161,500		5,654,371
Caitong Securities Co. Ltd., Class A		2,027,585		2,751,536
Centre Testing International Group Co. Ltd., Class A		987,900		1,908,361
CGN Power Co. Ltd., Class H(c)		50,464,000		12,635,743
Changchun High & New Technology Industry Group Inc., Class A		58,297		3,640,479
Changjiang Securities Co. Ltd., Class A		3,740,594		3,320,266
Chaozhou Three-Circle Group Co. Ltd., Class A		108,796		289,712
China Agri-Industries Holdings Ltd.		10,553,000		5,540,906
China Aoyuan Group Ltd.		5,712,000		8,172,770
China Cinda Asset Management Co. Ltd., Class H		43,342,000		9,025,258
China CITIC Bank Corp. Ltd., Class A		5,528,399		4,718,440
China CITIC Bank Corp. Ltd., Class H		36,741,800		20,089,413
China Coal Energy Co. Ltd., Class H		9,845,000		3,898,885
China Communications Construction Co. Ltd., Class H		21,627,000		16,825,835
China Communications Services Corp. Ltd., Class H		11,296,000		7,604,985
China Conch Venture Holdings Ltd.		7,693,500		29,927,767
China Construction Bank Corp., Class A		2,959,168		2,988,655
China Construction Bank Corp., Class H		445,677,760		354,708,881
China Ding Yi Feng Holdings Ltd.(a)(d)		5,872,000		75,015
China East Education Holdings Ltd.(a)(c)		1,280,500		2,368,706
China Eastern Airlines Corp. Ltd., Class A(a)		5,281,397		3,846,507
China Eastern Airlines Corp. Ltd., Class H(a)		4,274,000		2,167,645
China Education Group Holdings Ltd.(b)		2,816,000		3,813,305
China Everbright Bank Co. Ltd., Class A		11,033,303		6,481,915
China Everbright Bank Co. Ltd., Class H		14,364,000		6,202,334
China Everbright International Ltd.		17,528,813		13,256,756
China Everbright Ltd.		4,472,000		7,198,390
China Evergrande Group(a)(b)		8,553,388		20,411,649
China First Capital Group Ltd.(a)(d)		15,022,000		786,819

Security	Shares		Value
China (continued)
China Fortune Land Development Co. Ltd., Class A		911,627	$	3,621,895
China Galaxy Securities Co. Ltd., Class H		16,855,500		8,570,137
China Gas Holdings Ltd.		8,510,600		31,638,524
China Greatwall Technology Group Co. Ltd., Class A		1,020,100		2,154,850
China Hongqiao Group Ltd.		8,772,500		4,606,046
China Huarong Asset Management Co. Ltd., Class H(c)		49,436,000		7,199,647
China Huishan Dairy Holdings Co. Ltd.(a)(d)		5,603,350		11,453
China International Capital Corp. Ltd., Class H(b)(c)		6,138,000		10,570,118
China International Marine Containers Group Co. Ltd., Class A		1,554,784		2,132,038
China International Travel Service Corp. Ltd., Class A		498,940		5,947,577
China Jinmao Holdings Group Ltd.		24,590,000		16,335,218
China Jushi Co. Ltd., Class A		1,931,092		2,480,496
China Lesso Group Holdings Ltd.		3,266,000		3,421,315
China Life Insurance Co. Ltd., Class A		790,099		3,687,530
China Life Insurance Co. Ltd., Class H		34,557,000		87,322,342
China Literature Ltd.(a)(b)(c)		1,241,800		4,767,154
China Longyuan Power Group Corp. Ltd., Class H		15,482,000		8,386,022
China Medical System Holdings Ltd.		6,402,000		9,110,955
China Mengniu Dairy Co. Ltd.		12,894,000		49,334,138
China Merchants Bank Co. Ltd., Class A		5,386,494		27,606,936
China Merchants Bank Co. Ltd., Class H		18,315,967		86,575,424
China Merchants Energy Shipping Co. Ltd., Class A		2,579,290		2,179,387
China Merchants Port Holdings Co. Ltd.		6,716,000		10,450,114
China Merchants Securities Co. Ltd., Class A		2,030,384		4,759,739
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		1,948,525		5,019,636
China Minsheng Banking Corp. Ltd., Class A		12,583,635		11,044,322
China Minsheng Banking Corp. Ltd., Class H		27,666,048		19,262,235
China Mobile Ltd.		28,534,500		215,072,722
China Molybdenum Co. Ltd., Class A		6,136,598		3,107,602
China Molybdenum Co. Ltd., Class H(b)		17,406,000		5,959,322
China National Building Material Co. Ltd., Class H		17,994,000		17,378,511
China National Chemical Engineering Co. Ltd., Class A		5,452,867		4,832,376
China National Nuclear Power Co. Ltd., Class A		5,186,400		3,585,503
China National Software & Service Co. Ltd., Class A		167,099		1,611,103
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		1,701,600		2,405,978
China Oilfield Services Ltd., Class H		7,706,000		10,376,065
China Overseas Land & Investment Ltd.		17,870,960		59,929,443
China Pacific Insurance Group Co. Ltd., Class A		1,722,454		8,391,816
China Pacific Insurance Group Co. Ltd., Class H		12,107,200		42,843,658
China Petroleum & Chemical Corp., Class A		7,307,199		5,186,797
China Petroleum & Chemical Corp., Class H		118,084,800		66,224,940
China Power International Development Ltd.		21,077,000		4,362,012
China Railway Construction Corp. Ltd., Class A		3,524,896		4,848,647
China Railway Construction Corp. Ltd., Class H		8,757,500		9,039,711
China Railway Group Ltd., Class A		6,128,398		4,925,419
China Railway Group Ltd., Class H		17,201,000		10,064,269
China Railway Signal & Communication Corp. Ltd., Class H(c)		7,348,000		3,942,589
China Reinsurance Group Corp., Class H		25,240,000		3,998,288
China Resources Beer Holdings Co. Ltd.		6,828,000		35,763,534

2

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

Security	Shares		Value
China (continued)
China Resources Cement Holdings Ltd.		11,448,000	$	13,703,524
China Resources Gas Group Ltd.		4,172,000		23,237,738
China Resources Land Ltd.		12,929,333		55,911,076
China Resources Pharmaceutical Group Ltd.(c)		7,731,500		6,755,895
China Resources Power Holdings Co. Ltd.		9,026,999		11,739,625
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		759,272		3,174,276
China Shenhua Energy Co. Ltd., Class A		1,309,594		3,206,013
China Shenhua Energy Co. Ltd., Class H		15,743,500		30,490,430
China Shipbuilding Industry Co. Ltd., Class A		6,385,492		4,795,966
China Shipbuilding Industry Group Power Co. Ltd., Class A(a)		90,197		281,884
China Southern Airlines Co. Ltd., Class A		2,689,500		2,528,837
China Southern Airlines Co. Ltd., Class H(b)		7,580,000		4,735,230
China State Construction Engineering Corp. Ltd., Class A		10,336,971		7,513,840
China State Construction International Holdings Ltd.		9,622,000		7,584,266
China Taiping Insurance Holdings Co. Ltd.		7,640,460		17,666,932
China Telecom Corp. Ltd., Class H		65,152,000		24,636,699
China Tower Corp. Ltd., Class H(c)		195,318,000		39,923,196
China Traditional Chinese Medicine Holdings Co. Ltd.		10,976,000		4,893,646
China TransInfo Technology Co. Ltd., Class A		949,500		2,266,390
China Unicom Hong Kong Ltd.		28,624,000		24,500,118
China United Network Communications Ltd., Class A		8,374,398		6,802,013
China Vanke Co. Ltd., Class A		2,624,459		10,341,114
China Vanke Co. Ltd., Class H		6,529,831		24,441,768
China Yangtze Power Co. Ltd., Class A		5,597,804		14,436,545
China Zhongwang Holdings Ltd.(b)		8,496,800		3,397,526
Chongqing Changan Automobile Co. Ltd., Class A		1,567,687		1,899,970
Chongqing Rural Commercial Bank Co. Ltd., Class H		11,992,000		5,959,424
Chongqing Zhifei Biological Products Co. Ltd., Class A		369,976		2,331,444
CIFI Holdings Group Co. Ltd.		12,886,000		9,383,309
CITIC Ltd.		27,278,000		34,150,861
CITIC Securities Co. Ltd., Class A		2,937,485		8,946,231
CITIC Securities Co. Ltd., Class H		8,740,500		16,235,428
CNOOC Ltd.		83,071,000		120,556,553
Contemporary Amperex Technology Co. Ltd., Class A		561,197		6,977,892
COSCO SHIPPING Energy Transportation Co. Ltd., Class H		6,026,000		2,486,536
COSCO SHIPPING Holdings Co. Ltd., Class A(a)		3,786,788		2,547,885
COSCO SHIPPING Holdings Co. Ltd., Class H(a)		10,247,000		3,783,185
COSCO SHIPPING Ports Ltd.		8,466,000		6,889,390
Country Garden Holdings Co. Ltd.		35,241,939		49,073,761
Country Garden Services Holdings Co. Ltd.		5,648,000		18,254,850
CRRC Corp. Ltd., Class A		7,566,837		7,502,309
CRRC Corp. Ltd., Class H		19,122,300		12,580,862
CSC Financial Co. Ltd., Class A		722,997		2,302,705
CSPC Pharmaceutical Group Ltd.		21,718,000		49,441,380
Dali Foods Group Co. Ltd.(c)		10,050,000		6,830,315
Daqin Railway Co. Ltd., Class A		4,120,555		4,648,113
Datang International Power Generation Co. Ltd., Class H		15,212,000		2,817,847
Dawning Information Industry Co. Ltd., Class A		515,886		2,492,855
DHC Software Co. Ltd., Class A		1,742,398		2,272,817

Security	Shares		Value
China (continued)
Dongfeng Motor Group Co. Ltd., Class H		12,830,000	$	12,325,585
Dongxing Securities Co. Ltd., Class A		179,597		276,678
East Money Information Co. Ltd., Class A		1,796,543		3,539,445
ENN Energy Holdings Ltd.		3,678,500		39,944,109
Eve Energy Co. Ltd., Class A(a)		349,189		2,224,295
Everbright Securities Co. Ltd., Class A		2,098,385		3,346,097
Fangda Carbon New Material Co. Ltd., Class A(a)		181,696		278,620
Far East Horizon Ltd.		10,929,000		9,926,887
Fiberhome Telecommunication Technologies Co. Ltd., Class A		763,790		2,703,162
First Capital Securities Co. Ltd., Class A		2,586,500		2,645,387
Focus Media Information Technology Co. Ltd., Class A		4,279,078		3,408,678
Foshan Haitian Flavouring & Food Co. Ltd., Class A		565,449		8,604,860
Fosun International Ltd.		12,263,500		16,512,700
Founder Securities Co. Ltd., Class A		3,281,285		3,122,611
Foxconn Industrial Internet Co. Ltd., Class A		1,133,597		2,686,467
Fuyao Glass Industry Group Co. Ltd., Class A		1,186,272		3,751,211
Fuyao Glass Industry Group Co. Ltd., Class H(c)		2,345,600		6,921,958
Ganfeng Lithium Co. Ltd., Class A		371,081		1,464,804
GCL System Integration Technology Co. Ltd., Class A(a)		2,202,500		1,923,677
GD Power Development Co. Ltd., Class A		15,259,300		4,905,585
GDS Holdings Ltd., ADR(a)(b)		283,386		13,268,133
Geely Automobile Holdings Ltd.		23,248,000		43,480,019
Gemdale Corp., Class A		2,094,963		3,546,264
Genscript Biotech Corp.(a)(b)		4,354,000		10,512,676
GF Securities Co. Ltd., Class A(a)		1,856,994		3,523,823
GF Securities Co. Ltd., Class H		6,544,400		7,006,109
Gigadevice Semiconductor Beijing Inc., Class A		102,493		2,411,446
Glodon Co. Ltd., Class A		575,993		2,705,466
GoerTek Inc., Class A		1,107,400		3,054,429
GOME Retail Holdings Ltd.(a)(b)		52,727,200		4,647,794
Great Wall Motor Co. Ltd., Class H		14,422,000		11,146,639
Gree Electric Appliances Inc. of Zhuhai, Class A		766,310		6,290,763
Greenland Holdings Corp. Ltd., Class A		5,257,285		4,898,359
Greentown Service Group Co. Ltd.(b)		5,372,000		5,881,389
Guangdong Haid Group Co. Ltd., Class A		683,396		2,984,411
Guangdong Investment Ltd.		13,844,110		28,615,847
Guangdong LY Intelligent Manufacturing Co. Ltd., Class A(a)		1,777,300		2,647,008
Guangzhou Automobile Group Co. Ltd., Class H		14,155,838		15,118,368
Guangzhou Baiyun International Airport Co. Ltd., Class A		839,091		1,993,303
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A		613,394		2,900,336
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A		196,384		1,357,657
Guangzhou R&F Properties Co. Ltd., Class H		4,779,200		8,034,783
Guosen Securities Co. Ltd., Class A		2,075,169		3,353,355
Guotai Junan Securities Co. Ltd., Class A		2,621,140		6,230,379
Guotai Junan Securities Co. Ltd., Class H(c)		2,724,000		4,141,113
Haidilao International Holding Ltd.(c)		1,728,000		7,262,777
Haier Electronics Group Co. Ltd.		6,021,000		16,729,807
Haier Smart Home Co. Ltd., Class A		1,695,741		4,115,156
Haitian International Holdings Ltd.		3,351,000		7,491,616
Haitong Securities Co. Ltd., Class A		2,353,201		4,599,319
Haitong Securities Co. Ltd., Class H		13,538,800		13,525,396

3

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

Security	Shares		Value
China (continued)
Hangzhou Hikvision Digital Technology Co. Ltd., Class A		2,371,602	$	10,596,380
Hangzhou Robam Appliances Co. Ltd., Class A		498,156		2,104,600
Hangzhou Tigermed Consulting Co. Ltd., Class A		278,700		2,489,685
Hansoh Pharmaceutical Group Co. Ltd.(c)		1,808,000		5,335,480
Hebei Yangyuan Zhihui Beverage Co. Ltd., Class A		65,400		272,486
Henan Shuanghui Investment & Development Co. Ltd., Class A		889,400		3,920,726
Hengan International Group Co. Ltd.		3,372,500		22,274,376
Hengli Petrochemical Co. Ltd., Class A		1,715,291		3,423,286
Hengtong Optic-Electric Co. Ltd., Class A		1,295,535		2,852,777
Hengyi Petrochemical Co. Ltd., Class A		1,350,114		2,675,280
Hithink RoyalFlush Information Network Co. Ltd., Class A		181,400		2,354,346
Hua Hong Semiconductor Ltd.(b)(c)		2,168,000		3,844,252
Huadian Power International Corp. Ltd., Class H		8,642,000		3,146,460
Huadong Medicine Co. Ltd., Class A		709,000		2,481,013
Hualan Biological Engineering Inc., Class A		674,205		3,208,970
Huaneng Power International Inc., Class H		19,696,000		9,762,765
Huaneng Renewables Corp. Ltd., Class H		22,404,000		8,557,754
Huatai Securities Co. Ltd., Class A		2,004,300		4,838,295
Huatai Securities Co. Ltd., Class H(c)		7,242,000		10,861,497
Huaxia Bank Co. Ltd., Class A		4,589,410		4,850,577
Huaxin Cement Co. Ltd., Class A		683,314		2,142,297
Huayu Automotive Systems Co. Ltd., Class A		876,368		3,231,240
Huazhu Group Ltd., ADR		615,575		21,058,821
Hubei Biocause Pharmaceutical Co. Ltd., Class A		2,657,199		2,532,484
Hundsun Technologies Inc., Class A		242,774		2,514,438
Hutchison China MediTech Ltd., ADR(a)		283,549		6,836,366
HUYA Inc., ADR(a)(b)		267,207		5,638,068
Iflytek Co. Ltd., Class A		649,975		3,047,415
Industrial & Commercial Bank of China Ltd., Class A		15,497,535		12,764,063
Industrial & Commercial Bank of China Ltd., Class H		300,331,085		214,090,569
Industrial Bank Co. Ltd., Class A		5,318,222		14,290,459
Industrial Securities Co. Ltd., Class A		4,230,951		3,725,430
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A		18,240,900		3,321,269
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		1,517,039		6,277,522
Inner Mongolia Yitai Coal Co. Ltd., Class B		5,317,517		3,833,930
Innovent Biologics Inc.(a)(c)		3,157,500		11,052,410
Inspur Electronic Information Industry Co. Ltd., Class A		487,913		2,077,983
iQIYI Inc., ADR(a)(b)		584,410		11,191,452
Jafron Biomedical Co. Ltd., Class A		192,600		1,919,986
JCET Group Co. Ltd., Class A(a)		570,100		1,680,307
JD.com Inc., ADR(a)(b)		3,417,362		111,576,869
Jiangsu Expressway Co. Ltd., Class H		6,116,000		8,157,011
Jiangsu Hengli Hydraulic Co. Ltd., Class A		351,400		2,180,395
Jiangsu Hengrui Medicine Co. Ltd., Class A		1,143,813		13,976,420
Jiangsu King’s Luck Brewery JSC Ltd., Class A		549,200		2,357,749
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		369,550		5,161,646
Jiangsu Zhongnan Construction Group Co. Ltd., Class A		1,818,586		2,100,572
Jiangxi Copper Co. Ltd., Class A		136,500		273,584
Jiangxi Copper Co. Ltd., Class H		6,989,000		8,062,428

Security	Shares		Value
China (continued)
Jiangxi Zhengbang Technology Co. Ltd., Class A		838,224	$	1,743,232
Jinke Properties Group Co. Ltd., Class A		2,544,980		2,378,469
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A		372,125		2,389,451
Juewei Food Co. Ltd., Class A		381,714		2,375,549
Kaisa Group Holdings Ltd.		11,542,000		4,541,453
Kingboard Holdings Ltd.		3,259,500		8,973,489
Kingboard Laminates Holdings Ltd.		5,116,500		5,771,607
Kingdee International Software Group Co. Ltd.(b)		10,999,000		10,903,803
Kingsoft Corp. Ltd.(a)(b)		3,864,000		8,549,645
Kunlun Energy Co. Ltd.		15,692,000		13,290,915
Kweichow Moutai Co. Ltd., Class A		344,781		55,371,340
KWG Group Holdings Ltd.		5,987,500		6,578,199
Lee & Man Paper Manufacturing Ltd.		6,501,000		4,401,686
Legend Holdings Corp., Class H(a)(c)		1,877,300		3,861,203
Lenovo Group Ltd.		33,524,000		22,141,622
Lens Technology Co. Ltd., Class A		1,191,900		2,175,275
Lepu Medical Technology Beijing Co. Ltd., Class A		586,300		2,691,328
Li Ning Co. Ltd.		9,192,000		29,474,523
Logan Property Holdings Co. Ltd.		6,484,000		9,492,720
Longfor Group Holdings Ltd.(c)		8,345,500		34,169,880
LONGi Green Energy Technology Co. Ltd., Class A		936,844		3,178,362
Luxshare Precision Industry Co. Ltd., Class A		1,458,448		7,059,934
Luye Pharma Group Ltd.(b)(c)		5,489,500		4,032,401
Luzhou Laojiao Co. Ltd., Class A		364,532		4,239,076
Maanshan Iron & Steel Co. Ltd., Class A		9,232,800		3,611,718
Maanshan Iron & Steel Co. Ltd., Class H(b)		4,028,000		1,528,301
Mango Excellent Media Co. Ltd., Class A(a)		534,400		2,315,496
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A		1,276,400		2,685,361
Meituan Dianping, Class B(a)		4,699,500		61,957,574
Metallurgical Corp. of China Ltd., Class A		9,091,290		3,465,836
Metallurgical Corp. of China Ltd., Class H		9,618,000		2,002,790
Midea Group Co. Ltd., Class A		905,721		6,995,875
Momo Inc., ADR		698,308		26,137,668
Muyuan Foodstuff Co. Ltd., Class A		458,250		5,658,091
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A		260,200		1,393,542
NARI Technology Co. Ltd., Class A		1,304,983		4,262,109
NAURA Technology Group Co. Ltd., Class A		164,600		1,830,983
NavInfo Co. Ltd., Class A		930,000		2,133,856
NetEase Inc., ADR		329,437		103,878,075
New China Life Insurance Co. Ltd., Class A		774,392		4,904,150
New China Life Insurance Co. Ltd., Class H		3,607,000		13,893,015
New Hope Liuhe Co. Ltd., Class A		1,103,297		3,228,305
New Oriental Education & Technology Group Inc., ADR(a)(b)		659,855		79,895,243
Nexteer Automotive Group Ltd.		4,249,000		3,560,850
Nine Dragons Paper Holdings Ltd.		7,724,000		7,864,365
Ninestar Corp., Class A		464,700		1,870,712
Ningbo Zhoushan Port Co. Ltd., Class A		536,400		276,214
NIO Inc., ADR(a)(b)		3,063,485		6,954,111
Noah Holdings Ltd.(a)(b)		160,017		4,662,895
OFILM Group Co. Ltd., Class A(a)		1,045,500		1,878,344
Oppein Home Group Inc., Class A		18,700		263,345
Orient Securities Co. Ltd./China, Class A		1,867,686		2,582,367
Oriental Pearl Group Co. Ltd., Class A		215,900		270,875
Ovctek China Inc., Class A		216,500		1,496,725

4

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

Security	Shares		Value
China (continued)
People’s Insurance Co. Group of China Ltd. (The), Class H		38,883,000	$	15,597,409
Perfect World Co. Ltd./China, Class A		480,500		2,358,089
PetroChina Co. Ltd., Class A		3,494,500		2,778,719
PetroChina Co. Ltd., Class H		99,258,000		45,775,782
PICC Property & Casualty Co. Ltd., Class H		32,159,192		37,221,715
Pinduoduo Inc., ADR(a)(b)		896,977		32,246,323
Ping An Bank Co. Ltd., Class A		4,371,029		9,506,900
Ping An Healthcare and Technology Co. Ltd.(a)(c)		1,195,500		7,957,018
Ping An Insurance Group Co. of China Ltd., Class A		2,731,784		32,494,083
Ping An Insurance Group Co. of China Ltd., Class H		26,238,500		297,321,063
Poly Developments and Holdings Group Co. Ltd., Class A		2,940,003		6,034,786
Postal Savings Bank of China Co. Ltd., Class H(c)		36,960,000		23,986,050
Power Construction Corp. of China Ltd., Class A		4,831,000		2,803,787
Qudian Inc., ADR(a)(b)		633,561		3,142,463
RiseSun Real Estate Development Co. Ltd., Class A		2,673,100		3,281,510
Rongsheng Petro Chemical Co. Ltd., Class A		1,227,912		2,122,224
SAIC Motor Corp. Ltd., Class A		1,973,028		6,525,352
Sanan Optoelectronics Co. Ltd., Class A		1,319,900		3,122,346
Sangfor Technologies Inc., Class A		116,100		1,876,110
Sany Heavy Industry Co. Ltd., Class A		2,382,752		4,907,894
SDIC Capital Co. Ltd., Class A		1,528,400		2,598,081
SDIC Power Holdings Co. Ltd., Class A		2,183,290		2,599,469
Seazen Group Ltd(b)		8,266,000		8,806,929
Seazen Holdings Co. Ltd., Class A		585,073		2,717,321
Semiconductor Manufacturing International Corp.(a)(b)		14,052,499		17,916,252
SF Holding Co. Ltd., Class A		737,900		3,983,429
Shaanxi Coal Industry Co. Ltd., Class A		2,617,184		3,157,024
Shandong Gold Mining Co. Ltd., Class A		774,100		3,313,348
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		9,608,000		11,599,195
Shanghai Baosight Software Co. Ltd., Class A		454,400		2,232,587
Shanghai Construction Group Co. Ltd., Class A		7,285,800		3,606,652
Shanghai Electric Group Co. Ltd., Class A		412,700		274,744
Shanghai Electric Group Co. Ltd., Class H		16,246,000		5,001,803
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		918,400		3,285,622
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		2,253,000		6,332,088
Shanghai Industrial Holdings Ltd.		2,744,000		4,942,723
Shanghai International Airport Co. Ltd., Class A		285,798		3,054,361
Shanghai International Port Group Co. Ltd., Class A		4,069,699		3,224,521
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		6,078,806		5,562,107
Shanghai M&G Stationery Inc., Class A		393,600		2,571,576
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		106,100		268,497
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		4,469,700		8,016,938
Shanghai Pudong Development Bank Co. Ltd., Class A		7,344,953		12,443,672
Shanxi Meijin Energy Co. Ltd., Class A		1,434,700		1,697,979
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		247,200		3,141,537

Security	Shares		Value
China (continued)
Shengyi Technology Co. Ltd., Class A		827,600	$	2,697,077
Shennan Circuits Co. Ltd., Class A		116,900		2,429,309
Shenwan Hongyuan Group Co. Ltd., Class A		8,260,040		5,592,898
Shenzhen Expressway Co. Ltd., Class H		1,010,000		1,347,054
Shenzhen Goodix Technology Co. Ltd., Class A		123,900		3,420,933
Shenzhen Inovance Technology Co. Ltd., Class A		863,800		3,227,907
Shenzhen International Holdings Ltd.		4,650,000		9,825,429
Shenzhen Investment Ltd.		13,920,000		5,477,129
Shenzhen Kangtai Biological Products Co. Ltd., Class A		213,500		2,321,184
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		111,132		2,840,763
Shenzhen Overseas Chinese Town Co. Ltd., Class A		4,549,600		4,459,028
Shenzhen Sunway Communication Co. Ltd., Class A(a)		380,900		2,136,956
Shenzhou International Group Holdings Ltd.		3,536,100		46,619,465
Shimao Property Holdings Ltd.		5,388,500		19,515,694
Shui On Land Ltd.		18,275,500		3,828,919
Sichuan Chuantou Energy Co. Ltd., Class A		2,803,096		3,807,931
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		629,900		2,080,566
Sichuan Swellfun Co. Ltd., Class A		194,527		1,559,824
SINA Corp./China(a)(b)		294,325		10,268,999
Sino Biopharmaceutical Ltd.		32,192,500		41,537,383
Sino-Ocean Group Holding Ltd.		14,963,500		5,543,630
Sinopec Engineering Group Co. Ltd., Class H		6,725,000		3,943,375
Sinopec Shanghai Petrochemical Co. Ltd., Class H		18,081,000		5,012,394
Sinopharm Group Co. Ltd., Class H		5,579,200		18,424,492
Sinotrans Ltd., Class H		10,251,000		3,195,355
Sinotruk Hong Kong Ltd.		3,272,500		5,526,805
SOHO China Ltd.		10,670,500		3,680,540
Songcheng Performance Development Co. Ltd., Class A		747,900		2,908,639
Spring Airlines Co. Ltd., Class A		568,173		3,256,309
SSY Group Ltd.		7,458,000		5,869,028
Sun Art Retail Group Ltd.		11,273,500		12,760,143
Sunac China Holdings Ltd.		11,360,000		55,365,079
Suning.com Co. Ltd., Class A		2,948,813		4,131,723
Sunny Optical Technology Group Co. Ltd.		3,312,900		54,299,776
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		658,500		1,789,109
TAL Education Group, ADR(a)		1,786,025		79,049,467
TCL Corp., Class A		8,243,200		4,502,719
Tencent Holdings Ltd.		26,612,400		1,128,037,344
Tencent Music Entertainment Group, ADR(a)(b)		430,822		5,355,117
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A		1,187,493		1,707,772
Tianma Microelectronics Co. Ltd., Class A		925,079		2,017,292
Tianqi Lithium Corp., Class A		545,688		2,318,608
Tingyi Cayman Islands Holding Corp.		9,256,000		15,064,538
Tonghua Dongbao Pharmaceutical Co. Ltd., Class A		979,200		1,848,375
Tongwei Co. Ltd., Class A		1,385,484		2,581,788
Topchoice Medical Corp., Class A(a)		160,600		2,365,840
Towngas China Co. Ltd.		5,009,000		3,538,663
Transfar Zhilian Co. Ltd., Class A		1,583,298		1,551,778
TravelSky Technology Ltd., Class H		4,526,000		11,020,480
Trip.com Group Ltd., ADR(a)(b)		2,185,083		72,632,159
Tsingtao Brewery Co. Ltd., Class A		340,500		2,455,202

5

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

Security	Shares		Value
China (continued)
Tsingtao Brewery Co. Ltd., Class H		1,710,000	$	10,573,153
Unigroup Guoxin Microelectronics Co. Ltd., Class A		327,000		2,083,884
Uni-President China Holdings Ltd.		6,297,000		6,395,343
Unisplendour Corp. Ltd., Class A		708,398		2,725,790
Venustech Group Inc., Class A		461,085		2,020,131
Vipshop Holdings Ltd., ADR(a)		2,039,009		26,058,535
Walvax Biotechnology Co. Ltd., Class A		630,894		2,710,261
Wanda Film Holding Co. Ltd., Class A(a)		133,498		270,796
Wanhua Chemical Group Co. Ltd., Class A		778,091		5,358,130
Want Want China Holdings Ltd.(b)		23,961,000		20,631,362
Weibo Corp., ADR(a)(b)		258,034		11,046,436
Weichai Power Co. Ltd., Class A		1,769,800		3,320,601
Weichai Power Co. Ltd., Class H		8,982,800		15,354,331
Wens Foodstuffs Group Co. Ltd., Class A		1,369,875		6,976,084
Western Securities Co. Ltd., Class A		221,599		278,025
Wharf Holdings Ltd. (The)		4,093,000		9,903,410
Will Semiconductor Ltd., Class A		175,700		3,129,132
Winning Health Technology Group Co. Ltd., Class A		935,788		2,027,333
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd., Class A		732,388		2,259,688
Wuliangye Yibin Co. Ltd., Class A		1,036,803		18,811,545
WUS Printed Circuit Kunshan Co. Ltd., Class A		586,398		1,875,986
WuXi AppTec Co. Ltd., Class A		425,120		5,320,992
WuXi AppTec Co. Ltd., Class H(c)		678,180		7,871,055
Wuxi Biologics Cayman Inc.(a)(c)		2,594,500		29,316,665
Wuxi Lead Intelligent Equipment Co. Ltd., Class A		384,178		2,065,723
XCMG Construction Machinery Co. Ltd., Class A		5,855,169		3,814,632
Xiaomi Corp., Class B(a)(c)		36,208,400		41,399,531
Xinhu Zhongbao Co. Ltd., Class A		2,916,800		1,543,467
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		2,005,193		3,305,882
Xinjiang Goldwind Science & Technology Co. Ltd., Class H		2,195,846		2,443,335
Xinyi Solar Holdings Ltd.		15,078,000		9,265,138
Yantai Jereh Oilfield Services Group Co. Ltd., Class A		427,098		1,926,511
Yanzhou Coal Mining Co. Ltd., Class H		8,918,800		7,884,526
Yealink Network Technology Corp. Ltd., Class A		217,887		2,142,622
Yifeng Pharmacy Chain Co. Ltd., Class A		192,585		2,094,069
Yihai International Holding Ltd.		2,240,000		14,250,838
Yonghui Superstores Co. Ltd., Class A		2,784,400		2,942,851
Yonyou Network Technology Co. Ltd., Class A		724,402		2,860,532
Yuexiu Property Co. Ltd.		32,786,000		6,994,682
Yum China Holdings Inc.		1,661,943		73,989,702
Yunda Holding Co. Ltd., Class A		705,397		2,916,933
Yunnan Baiyao Group Co. Ltd., Class A		314,545		3,932,959
Yuzhou Properties Co. Ltd.		8,182,000		3,762,920
YY Inc., ADR(a)(b)		267,970		17,093,806
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		181,800		2,580,389
Zhaojin Mining Industry Co. Ltd., Class H(b)		5,583,500		5,777,695
Zhejiang Chint Electrics Co. Ltd., Class A		1,017,386		3,455,953
Zhejiang Dahua Technology Co. Ltd., Class A		1,328,584		3,201,476
Zhejiang Expressway Co. Ltd., Class H		7,116,000		6,227,153
Zhejiang Huayou Cobalt Co. Ltd., Class A		442,294		1,918,299
Zhejiang Longsheng Group Co. Ltd., Class A		829,000		1,553,059
Zhejiang NHU Co. Ltd., Class A		974,888		2,953,807

Security	Shares		Value
China (continued)
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A		1,281,296	$	2,692,017
Zhejiang Supor Co. Ltd., Class A		298,482		3,048,529
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A		210,099		1,372,378
Zhengzhou Yutong Bus Co. Ltd., Class A		1,435,875		2,865,643
Zhenro Properties Group Ltd.		4,082,000		2,633,464
ZhongAn Online P&C Insurance Co. Ltd., Class H(a)(b)(c)		1,458,100		5,038,690
Zhongsheng Group Holdings Ltd.(b)		2,690,500		9,538,038
Zhuzhou CRRC Times Electric Co. Ltd., Class H		2,623,400		8,965,022
Zijin Mining Group Co. Ltd., Class A		6,026,700		3,051,949
Zijin Mining Group Co. Ltd., Class H		27,026,000		10,116,084
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		1,789,668		1,514,737
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H		1,771,800		1,253,971
ZTE Corp., Class A(a)		824,300		3,600,915
ZTE Corp., Class H(a)		3,606,200		9,605,477
ZTO Express Cayman Inc., ADR		1,472,382		31,332,289
			9,141,941,134
Colombia — 0.2%
Bancolombia SA		1,076,188		12,727,280
Ecopetrol SA		22,654,601		21,148,134
Grupo Argos SA/Colombia		1,473,861		7,343,461
Grupo de Inversiones Suramericana SA		1,254,608		11,533,810
Interconexion Electrica SA ESP		2,057,558		11,080,721
			63,833,406
Czech Republic — 0.1%
CEZ AS		695,805		15,418,362
Komercni Banka AS		340,324		11,660,665
Moneta Money Bank AS(c)		2,258,951		7,505,986
			34,585,013
Egypt — 0.2%
Commercial International Bank Egypt SAE		6,776,119		33,123,956
Eastern Co. SAE		5,366,602		4,983,749
EISewedy Electric Co.		4,013,196		2,994,960
			41,102,665
Greece — 0.3%
Alpha Bank AE(a)		8,371,733		17,630,589
Eurobank Ergasias SA(a)		11,827,925		12,467,648
FF Group(a)(d)		246,892		2,722
Hellenic Telecommunications Organization SA		1,031,566		15,514,204
Jumbo SA		490,392		9,840,856
Motor Oil Hellas Corinth Refineries SA		279,695		6,550,241
National Bank of Greece SA(a)		2,502,000		8,480,262
OPAP SA		814,468		10,022,044
Titan Cement International SA(a)		217,361		4,419,373
			84,927,939
Hungary — 0.3%
MOL Hungarian Oil & Gas PLC		1,883,703		18,226,180
OTP Bank Nyrt		1,048,677		49,419,356
Richter Gedeon Nyrt		665,508		12,762,216
			80,407,752
India — 9.1%
Adani Ports & Special Economic Zone Ltd.		2,895,353		15,419,684
Ambuja Cements Ltd.		2,824,393		8,057,320
Ashok Leyland Ltd.		5,556,315		6,130,438

6

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

Security	Shares		Value
India (continued)
Asian Paints Ltd.		1,350,138	$	32,110,653
Aurobindo Pharma Ltd.		1,246,717		7,818,756
Avenue Supermarts Ltd.(a)(c)		590,427		14,999,870
Axis Bank Ltd.		9,710,181		100,035,675
Bajaj Auto Ltd.		393,653		17,428,011
Bajaj Finance Ltd.		810,704		46,042,450
Bajaj Finserv Ltd.		179,673		22,817,438
Bandhan Bank Ltd.(c)		1,791,493		14,514,246
Berger Paints India Ltd.		850,937		5,889,985
Bharat Forge Ltd.		1,012,745		6,556,108
Bharat Petroleum Corp. Ltd.		3,026,023		21,578,143
Bharti Airtel Ltd.		9,537,600		58,824,340
Bharti Infratel Ltd.		1,583,448		6,098,717
Bosch Ltd.		36,285		8,164,966
Britannia Industries Ltd.		273,274		11,647,882
Cipla Ltd.		1,614,375		10,502,580
Coal India Ltd.		5,799,893		16,594,222
Colgate-Palmolive India Ltd.		217,638		4,472,444
Container Corp. of India Ltd.		991,184		7,999,938
Dabur India Ltd.		2,511,770		16,074,628
Divi’s Laboratories Ltd.		374,608		9,327,406
DLF Ltd.		2,381,573		7,293,697
Dr. Reddy’s Laboratories Ltd.		535,350		21,744,967
Eicher Motors Ltd.		62,869		20,052,702
GAIL India Ltd.		7,489,293		13,159,441
Godrej Consumer Products Ltd.		1,704,635		17,227,536
Grasim Industries Ltd.		1,395,946		15,315,272
Havells India Ltd.		1,200,629		11,170,724
HCL Technologies Ltd.		2,521,485		39,635,512
HDFC Asset Management Co. Ltd.(c)		176,846		8,719,226
HDFC Life Insurance Co. Ltd.(c)		2,389,530		19,036,298
Hero MotoCorp Ltd.		461,677		15,661,461
Hindalco Industries Ltd.		5,648,951		15,760,760
Hindustan Petroleum Corp. Ltd.		2,849,328		11,224,535
Hindustan Unilever Ltd.		3,028,555		85,924,628
Housing Development Finance Corp. Ltd.		7,605,166		243,540,235
ICICI Bank Ltd.		21,907,721		156,541,527
ICICI Lombard General Insurance Co. Ltd.(c)		752,423		14,294,857
ICICI Prudential Life Insurance Co. Ltd.(c)		1,359,951		9,525,107
Indian Oil Corp. Ltd.		8,790,941		16,102,173
Info Edge India Ltd.		236,672		8,689,108
Infosys Ltd.		15,822,438		153,587,102
InterGlobe Aviation Ltd.(c)		434,587		8,748,988
ITC Ltd.		16,103,396		55,311,055
JSW Steel Ltd.		4,036,230		14,715,817
Larsen & Toubro Ltd.		2,220,728		41,188,913
LIC Housing Finance Ltd.		1,389,872		8,991,665
Lupin Ltd.		1,036,418		11,567,284
Mahindra & Mahindra Financial Services Ltd.		1,453,676		7,129,826
Mahindra & Mahindra Ltd.		3,525,362		26,072,567
Marico Ltd.		2,142,063		10,746,520
Maruti Suzuki India Ltd.		492,523		49,747,312
Motherson Sumi Systems Ltd.		4,427,063		7,994,787
Nestle India Ltd.		109,692		22,101,170
NTPC Ltd.		11,192,347		18,152,704
Oil & Natural Gas Corp. Ltd.		11,696,481		21,481,253
Page Industries Ltd.		26,426		8,122,245
Petronet LNG Ltd.		2,867,330		10,851,787
Pidilite Industries Ltd.		585,078		10,627,031
Piramal Enterprises Ltd.		419,586		10,589,155

Security	Shares		Value
India (continued)
Power Grid Corp. of India Ltd.		8,613,113	$	23,208,430
REC Ltd.		3,272,235		6,290,172
Reliance Industries Ltd.		13,238,978		286,260,892
SBI Life Insurance Co. Ltd.(c)		1,531,318		20,493,352
Shree Cement Ltd.		40,076		11,729,677
Shriram Transport Finance Co. Ltd.		796,527		12,515,703
Siemens Ltd.		277,062		5,678,154
State Bank of India(a)		8,299,722		39,550,583
Sun Pharmaceutical Industries Ltd.		3,910,852		24,524,088
Tata Consultancy Services Ltd.		4,180,893		119,664,312
Tata Motors Ltd.(a)		7,390,157		16,637,189
Tata Power Co. Ltd. (The)		5,274,365		4,216,551
Tata Steel Ltd.		1,610,313		9,596,220
Tech Mahindra Ltd.		2,160,887		22,936,503
Titan Co. Ltd.		1,457,116		23,555,566
UltraTech Cement Ltd.		469,627		27,882,047
United Spirits Ltd.(a)		1,378,552		11,650,074
UPL Ltd.		2,530,233		20,218,938
Vedanta Ltd.		8,713,790		17,564,231
Wipro Ltd.		5,345,163		17,711,033
Zee Entertainment Enterprises Ltd.		3,358,464		13,719,434
			2,453,055,996
Indonesia — 1.9%
Ace Hardware Indonesia Tbk PT		5,000,000		560,085
Adaro Energy Tbk PT		68,757,500		5,995,868
Astra International Tbk PT		94,151,700		43,387,880
Bank Central Asia Tbk PT		46,030,200		102,470,633
Bank Mandiri Persero Tbk PT		87,150,400		43,096,352
Bank Negara Indonesia Persero Tbk PT		34,823,676		18,516,666
Bank Rakyat Indonesia Persero Tbk PT		258,614,010		74,989,812
Bank Tabungan Negara Persero Tbk PT		20,091,700		3,034,053
Barito Pacific Tbk PT		125,058,200		12,058,075
Bukit Asam Tbk PT		13,989,400		2,400,166
Bumi Serpong Damai Tbk PT(a)		37,574,300		3,329,874
Charoen Pokphand Indonesia Tbk PT		34,612,445		16,502,566
Gudang Garam Tbk PT		2,260,000		8,071,429
Hanjaya Mandala Sampoerna Tbk PT		44,154,800		6,057,394
Indah Kiat Pulp & Paper Corp. Tbk PT		12,898,300		6,218,252
Indocement Tunggal Prakarsa Tbk PT		8,791,700		12,092,094
Indofood CBP Sukses Makmur Tbk PT		11,089,800		8,904,075
Indofood Sukses Makmur Tbk PT		20,799,000		11,722,939
Jasa Marga Persero Tbk PT		10,658,895		3,733,069
Kalbe Farma Tbk PT		102,087,115		11,037,423
Pabrik Kertas Tjiwi Kimia Tbk PT		6,594,000		4,300,943
Pakuwon Jati Tbk PT		84,605,700		3,389,027
Perusahaan Gas Negara Tbk PT		51,857,600		7,058,957
Semen Indonesia Persero Tbk PT		14,010,500		11,373,288
Telekomunikasi Indonesia Persero Tbk PT		230,318,200		64,172,317
Unilever Indonesia Tbk PT		7,255,800		21,502,477
United Tractors Tbk PT		7,927,953		11,761,249
XL Axiata Tbk PT(a)		10,791,100		2,555,283
			520,292,246
Malaysia — 1.9%
AirAsia Group Bhd		6,854,200		2,773,518
AMMB Holdings Bhd		7,970,475		7,614,556
Axiata Group Bhd		12,780,700		12,638,403
British American Tobacco Malaysia Bhd		696,100		2,716,732
CIMB Group Holdings Bhd		22,267,400		27,617,654
Dialog Group Bhd		16,977,312		13,617,621

7

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

Security	Shares		Value
Malaysia (continued)
DiGi.Com Bhd		14,332,600	$	15,374,129
Fraser & Neave Holdings Bhd		620,600		5,162,132
Gamuda Bhd		8,098,400		7,290,790
Genting Bhd		9,975,500		13,924,857
Genting Malaysia Bhd		13,834,500		10,401,133
Genting Plantations Bhd		1,388,400		3,430,693
HAP Seng Consolidated Bhd		2,856,200		6,770,353
Hartalega Holdings Bhd		6,980,100		8,774,219
Hong Leong Bank Bhd		3,065,500		12,404,394
Hong Leong Financial Group Bhd		1,080,600		4,217,354
IHH Healthcare Bhd		10,220,100		13,140,653
IJM Corp. Bhd		13,150,940		6,580,980
IOI Corp. Bhd		9,130,820		9,510,132
Kuala Lumpur Kepong Bhd		2,004,700		11,203,088
Malayan Banking Bhd		17,748,100		36,248,364
Malaysia Airports Holdings Bhd		4,787,800		9,514,843
Maxis Bhd(b)		10,768,000		13,355,259
MISC Bhd		5,164,700		10,078,368
Nestle Malaysia Bhd(b)		315,500		10,825,129
Petronas Chemicals Group Bhd		11,270,100		19,051,097
Petronas Dagangan Bhd		1,107,600		6,073,037
Petronas Gas Bhd		2,873,800		10,665,366
PPB Group Bhd		2,814,360		12,264,181
Press Metal Aluminium Holdings Bhd(b)		6,880,800		7,743,268
Public Bank Bhd		14,372,230		67,516,617
QL Resources Bhd		2,698,100		4,683,641
RHB Bank Bhd(b)		7,122,525		9,652,458
RHB Capital Bhd(a)(d)		3,214,200		8
Sime Darby Bhd		12,488,573		6,727,951
Sime Darby Plantation Bhd(b)		9,851,073		11,746,281
Telekom Malaysia Bhd		5,224,700		4,703,669
Tenaga Nasional Bhd		14,476,250		45,614,139
Top Glove Corp. Bhd		7,117,100		7,668,371
Westports Holdings Bhd		4,444,200		4,437,283
YTL Corp. Bhd		14,388,789		2,876,724
			496,609,445
Mexico — 2.3%
Alfa SAB de CV, Class A		14,059,700		11,071,595
Alsea SAB de CV(a)(b)		2,435,000		6,613,842
America Movil SAB de CV, Series L, NVS		155,611,400		119,667,325
Arca Continental SAB de CV		1,976,936		10,491,023
Cemex SAB de CV, CPO, NVS		70,443,073		25,821,844
Coca-Cola Femsa SAB de CV		2,423,393		13,933,687
El Puerto de Liverpool SAB de CV, Series C1, NVS(b)		901,765		4,458,086
Fibra Uno Administracion SA de CV		14,791,300		22,650,849
Fomento Economico Mexicano SAB de CV		8,965,200		81,574,104
Gruma SAB de CV, Series B		964,975		9,745,973
Grupo Aeroportuario del Pacifico SAB de CV, Series B		1,651,900		16,835,313
Grupo Aeroportuario del Sureste SAB de CV, Class B		965,395		16,514,488
Grupo Bimbo SAB de CV, Series A(b)		7,714,600		13,368,203
Grupo Carso SAB de CV, Series A1		2,281,141		7,643,761
Grupo Financiero Banorte SAB de CV, Class O		12,009,856		63,381,845
Grupo Financiero Inbursa SAB de CV, Class O(b)		11,068,000		13,170,043
Grupo Mexico SAB de CV, Series B		16,340,088		42,790,582
Grupo Televisa SAB, CPO		11,232,100		24,502,107
Industrias Penoles SAB de CV		671,533		7,136,899
Infraestructura Energetica Nova SAB de CV		2,480,600		10,198,114

Security	Shares		Value
Mexico (continued)
Kimberly-Clark de Mexico SAB de CV, Class A		7,032,000	$	13,501,238
Megacable Holdings SAB de CV, CPO		1,405,460		4,989,057
Orbia Advance Corp. SAB de CV		4,899,234		10,720,018
Promotora y Operadora de Infraestructura SAB de CV		1,063,260		10,190,245
Wal-Mart de Mexico SAB de CV		24,205,600		67,607,654
			628,577,895
Pakistan — 0.0%
Habib Bank Ltd.		3,013,900		2,842,767
MCB Bank Ltd.		1,967,800		2,541,808
Oil & Gas Development Co. Ltd.		3,282,300		2,791,472
			8,176,047
Peru — 0.4%
Cia. de Minas Buenaventura SAA, ADR		1,032,975		15,876,826
Credicorp Ltd.		309,909		65,449,681
Southern Copper Corp.		393,230		14,954,537
			96,281,044
Philippines — 1.0%
Aboitiz Equity Ventures Inc.		9,801,690		9,441,951
Aboitiz Power Corp.		6,353,864		4,307,599
Altus San Nicolas Corp.(a)		195,768		20,010
Ayala Corp.		1,299,006		20,604,129
Ayala Land Inc.		34,608,100		30,988,262
Bank of the Philippine Islands		4,350,474		7,358,521
BDO Unibank Inc.		9,273,061		27,701,479
Globe Telecom Inc.		162,235		6,193,760
GT Capital Holdings Inc.		466,782		8,216,796
International Container Terminal Services Inc.		4,422,200		10,756,350
JG Summit Holdings Inc.		13,710,124		20,747,979
Jollibee Foods Corp.		2,151,569		8,129,514
Manila Electric Co.		973,750		6,112,885
Megaworld Corp.		53,654,900		4,677,580
Metro Pacific Investments Corp.		69,240,500		5,859,178
Metropolitan Bank & Trust Co.		7,697,415		10,035,496
PLDT Inc.		414,058		8,759,468
Robinsons Land Corp.		9,646,606		4,973,749
Security Bank Corp.		1,054,650		4,254,713
SM Investments Corp.		1,162,017		24,239,654
SM Prime Holdings Inc.		47,470,625		36,433,226
Universal Robina Corp.		4,279,290		12,640,390
			272,452,689
Poland — 0.9%
Bank Millennium SA(a)		2,940,406		4,150,047
Bank Polska Kasa Opieki SA		780,615		20,917,261
CCC SA(b)		138,265		3,973,610
CD Projekt SA		312,973		21,005,973
Cyfrowy Polsat SA		1,210,265		8,639,777
Dino Polska SA(a)(c)		230,952		7,983,715
Grupa Lotos SA		429,391		10,065,473
KGHM Polska Miedz SA(a)		666,841		15,328,110
LPP SA		6,120		13,613,735
mBank SA(a)		70,768		6,734,726
Orange Polska SA(a)		3,070,179		5,016,158
PGE Polska Grupa Energetyczna SA(a)		3,919,191		8,740,155
Polski Koncern Naftowy ORLEN SA		1,395,208		33,140,671
Polskie Gornictwo Naftowe i Gazownictwo SA		8,140,540		9,616,163
Powszechna Kasa Oszczednosci Bank Polski SA		4,060,327		37,519,392
Powszechny Zaklad Ubezpieczen SA		2,793,159		27,638,423

8

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

Security	Shares		Value
Poland (continued)
Santander Bank Polska SA		166,374	$	11,698,355
			245,781,744
Qatar — 0.9%
Barwa Real Estate Co.		5,955,473		5,543,377
Commercial Bank PSQC (The)		9,956,978		11,904,344
Industries Qatar QSC		8,475,136		23,388,460
Masraf Al Rayan QSC		18,453,375		19,392,792
Mesaieed Petrochemical Holding Co.		20,441,517		14,507,423
Ooredoo QPSC		4,017,867		7,611,300
Qatar Electricity & Water Co. QSC		2,512,134		11,060,658
Qatar Fuel QSC		2,432,155		14,897,655
Qatar Insurance Co. SAQ		8,061,373		6,755,402
Qatar International Islamic Bank QSC		1,566,858		3,917,680
Qatar Islamic Bank SAQ		5,493,534		22,283,039
Qatar National Bank QPSC		21,188,854		111,337,639
			252,599,769
Russia — 3.8%
Alrosa PJSC		12,311,460		14,922,401
Gazprom PJSC		45,957,449		184,158,728
Gazprom PJSC, ADR		1,805,664		14,344,195
Inter RAO UES PJSC		168,474,000		11,689,899
LUKOIL PJSC		1,822,825		174,071,704
Magnit PJSC, GDR(e)		1,677,157		19,144,747
Magnitogorsk Iron & Steel Works PJSC		10,901,100		6,612,407
MMC Norilsk Nickel PJSC		296,097		78,532,277
Mobile TeleSystems PJSC, ADR		2,287,415		21,593,198
Moscow Exchange MICEX-RTS PJSC		6,233,700		10,252,094
Novatek PJSC, GDR(e)		424,841		84,118,518
Novolipetsk Steel PJSC		5,699,390		11,476,817
PhosAgro PJSC, GDR(e)		575,708		7,092,723
Polymetal International PLC		869,665		13,068,655
Polyus PJSC		113,825		12,204,265
Rosneft Oil Co. PJSC		5,044,977		34,617,004
Rosneft Oil Co. PJSC, GDR(e)		300,281		2,035,905
Sberbank of Russia PJSC		50,005,221		182,047,948
Severstal PJSC		1,002,365		14,161,310
Surgutneftegas PJSC		26,120,960		17,923,360
Surgutneftegas PJSC, ADR		709,352		4,805,860
Tatneft PJSC		7,084,044		81,609,245
VTB Bank PJSC		14,556,801,998		10,266,996
X5 Retail Group NV, GDR(e)		575,116		19,185,447
			1,029,935,703
Saudi Arabia — 2.4%
Advanced Petrochemical Co.		354,870		4,438,241
Al Rajhi Bank		5,777,100		95,822,832
Alinma Bank		3,801,054		23,110,408
Almarai Co. JSC		1,124,975		14,774,672
Arab National Bank		1,655,908		11,260,174
Bank AlBilad		1,606,148		11,050,298
Bank Al-Jazira		2,093,895		7,605,027
Banque Saudi Fransi		2,531,106		22,611,214
Bupa Arabia for Cooperative Insurance Co.		122,946		3,311,346
Co for Cooperative Insurance (The)(a)		247,203		4,601,272
Dar Al Arkan Real Estate Development Co.(a)		2,623,269		8,114,645
Emaar Economic City(a)		1,628,808		3,952,574
Etihad Etisalat Co.(a)		1,883,982		11,293,844
Jarir Marketing Co.		248,723		10,492,794
National Commercial Bank		5,721,363		70,182,053
National Industrialization Co.(a)		1,544,936		4,828,440

Security	Shares		Value
Saudi Arabia (continued)
Rabigh Refining & Petrochemical Co.(a)		1,004,108	$	5,157,099
Riyad Bank		5,755,817		33,767,460
Sahara International Petrochemical Co.		1,553,879		6,464,137
Samba Financial Group		4,728,733		36,758,018
Saudi Airlines Catering Co.		129,140		3,058,035
Saudi Arabian Fertilizer Co.		753,414		14,726,732
Saudi Arabian Mining Co.(a)		1,951,513		22,351,329
Saudi Basic Industries Corp.		3,599,528		87,348,546
Saudi British Bank (The)		2,781,676		25,294,707
Saudi Cement Co.		310,920		5,638,016
Saudi Electricity Co.		3,818,681		20,651,427
Saudi Industrial Investment Group		895,404		4,828,018
Saudi Kayan Petrochemical Co.(a)		3,721,726		10,004,000
Saudi Telecom Co.		1,917,294		47,651,147
Savola Group (The)(a)		1,162,662		9,735,356
Yanbu National Petrochemical Co.		1,073,154		14,337,337
			655,221,198
South Africa — 4.7%
Absa Group Ltd.		3,357,492		33,742,187
Anglo American Platinum Ltd.		253,564		20,981,456
AngloGold Ashanti Ltd.		1,952,379		36,517,335
Aspen Pharmacare Holdings Ltd.(a)		1,813,145		14,526,938
Bid Corp. Ltd.		1,576,920		34,720,651
Bidvest Group Ltd. (The)		1,329,590		18,417,176
Capitec Bank Holdings Ltd.		213,008		20,602,597
Clicks Group Ltd.		1,226,119		20,956,903
Discovery Ltd.		1,858,198		14,971,600
Exxaro Resources Ltd.		1,174,040		10,682,778
FirstRand Ltd.		15,515,461		66,305,751
Fortress REIT Ltd., Series A		5,523,907		7,445,381
Foschini Group Ltd. (The)		1,120,543		11,866,912
Gold Fields Ltd.		3,921,535		20,593,880
Growthpoint Properties Ltd.		13,982,817		21,766,741
Impala Platinum Holdings Ltd.(a)		3,633,568		27,921,911
Investec Ltd.		1,393,447		8,008,065
Kumba Iron Ore Ltd.		302,766		7,766,579
Liberty Holdings Ltd.		632,945		4,815,445
Life Healthcare Group Holdings Ltd.		6,589,330		11,116,375
Momentum Metropolitan Holdings		4,521,309		6,279,167
Mr. Price Group Ltd.		1,218,944		14,557,783
MTN Group Ltd.		7,864,773		49,578,181
MultiChoice Group Ltd.(a)		2,064,595		17,079,793
Naspers Ltd., Class N		2,035,435		290,997,889
Nedbank Group Ltd.		1,730,348		25,861,340
NEPI Rockcastle PLC		1,786,375		15,119,513
Northam Platinum Ltd.(a)		1,504,203		10,984,080
Old Mutual Ltd.		22,667,746		28,680,817
Pepkor Holdings Ltd.(c)		2,255,714		2,721,697
Pick n Pay Stores Ltd.		1,728,331		8,006,491
PSG Group Ltd.		716,381		11,402,548
Rand Merchant Investment Holdings Ltd.		3,657,718		7,536,102
Redefine Properties Ltd.		25,650,991		14,407,129
Reinet Investments SCA		691,772		13,465,312
Remgro Ltd.		2,445,861		32,081,791
RMB Holdings Ltd.		3,665,418		20,174,433
Sanlam Ltd.		8,732,822		45,538,451
Sasol Ltd.		2,616,415		47,139,395
Shoprite Holdings Ltd.		2,213,675		19,361,536
Sibanye Gold Ltd.(a)		10,290,177		20,281,192
SPAR Group Ltd. (The)		891,887		12,533,773

9

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

Security	Shares		Value
South Africa (continued)
Standard Bank Group Ltd.		5,989,651	$	67,748,909
Telkom SA SOC Ltd.		1,318,507		4,219,258
Tiger Brands Ltd.		763,197		10,640,903
Vodacom Group Ltd.		2,968,885		24,540,459
Woolworths Holdings Ltd./South Africa		4,674,516		16,646,164
			1,251,310,767
South Korea — 10.9%
Amorepacific Corp.		147,860		23,659,603
AMOREPACIFIC Group(b)		135,777		9,334,202
BGF retail Co. Ltd.		37,636		5,353,129
BNK Financial Group Inc.		1,294,451		7,627,633
Celltrion Healthcare Co. Ltd.(a)(b)		234,140		9,762,854
Celltrion Inc.(a)(b)		417,207		61,460,456
Cheil Worldwide Inc.		331,666		6,640,902
CJ CheilJedang Corp.		38,372		8,056,772
CJ Corp.		65,870		5,136,204
CJ ENM Co. Ltd.		52,041		6,723,495
CJ Logistics Corp.(a)(b)		42,060		5,608,475
Daelim Industrial Co. Ltd.		128,431		9,775,174
Daewoo Engineering & Construction Co. Ltd.(a)		848,281		3,203,093
Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)(b)		180,075		4,017,251
DB Insurance Co. Ltd.		233,169		10,995,651
Doosan Bobcat Inc.		231,737		6,140,937
E-MART Inc.		97,310		10,792,541
Fila Korea Ltd.(b)		229,296		10,017,080
GS Engineering & Construction Corp.		277,495		7,048,089
GS Holdings Corp.		236,293		9,572,552
GS Retail Co. Ltd.		127,118		4,100,407
Hana Financial Group Inc.		1,392,842		42,157,306
Hankook Tire & Technology Co. Ltd.		346,076		9,742,223
Hanmi Pharm Co. Ltd.		29,720		8,039,233
Hanon Systems		874,288		7,994,167
Hanwha Chemical Corp.		489,704		7,276,218
Hanwha Corp.		185,124		3,847,771
Hanwha Life Insurance Co. Ltd.		1,564,745		3,033,710
HDC Holdings Co. Ltd.		1		10
HDC Hyundai Development Co-Engineering & Construction, Class E		124,367		2,911,355
Helixmith Co. Ltd.(a)(b)		89,237		6,867,581
HLB Inc.(a)(b)		159,461		15,539,060
Hotel Shilla Co. Ltd.(b)		146,955		10,538,110
Hyundai Department Store Co. Ltd.		68,197		4,803,785
Hyundai Engineering & Construction Co. Ltd.		363,111		12,588,914
Hyundai Glovis Co. Ltd.		87,182		11,108,573
Hyundai Heavy Industries Holdings Co. Ltd.		45,628		13,366,031
Hyundai Marine & Fire Insurance Co. Ltd.		293,618		6,960,423
Hyundai Mobis Co. Ltd.		308,650		64,021,716
Hyundai Motor Co.		685,096		70,182,971
Hyundai Steel Co.		379,326		10,196,504
Industrial Bank of Korea		1,174,939		11,688,213
Kakao Corp.		231,613		30,492,166
Kangwon Land Inc.		554,174		13,770,484
KB Financial Group Inc.		1,836,335		71,593,978
KCC Corp.		28,501		5,236,183
Kia Motors Corp.		1,221,097		44,712,734
KMW Co. Ltd.(a)		112,638		4,424,843
Korea Aerospace Industries Ltd.		343,141		10,836,184
Korea Electric Power Corp.(a)		1,186,747		28,032,207
Korea Gas Corp.		129,477		4,099,767

Security	Shares		Value
South Korea (continued)
Korea Investment Holdings Co. Ltd.		195,101	$	11,843,324
Korea Shipbuilding & Offshore Engineering Co. Ltd.(a)(b)		181,865		18,476,739
Korea Zinc Co. Ltd.		41,174		14,152,854
Korean Air Lines Co. Ltd.		215,294		4,511,304
KT&G Corp.		539,848		44,699,771
Kumho Petrochemical Co. Ltd.		86,299		5,340,945
LG Chem Ltd.		211,446		54,868,729
LG Corp.		438,035		26,330,682
LG Display Co. Ltd.(a)(b)		1,085,681		13,511,841
LG Electronics Inc.		492,069		29,120,453
LG Household & Health Care Ltd.		43,363		46,441,345
LG Innotek Co. Ltd.		66,890		6,909,012
LG Uplus Corp.		485,321		5,505,906
Lotte Chemical Corp.		80,170		14,932,396
Lotte Corp.(b)		133,938		4,042,577
Lotte Shopping Co. Ltd.		53,331		5,982,608
Medy-Tox Inc.		20,666		5,289,194
Meritz Securities Co. Ltd.		1,405,465		5,057,128
Mirae Asset Daewoo Co. Ltd.		1,850,917		11,329,746
NAVER Corp.		649,822		94,627,595
NCSoft Corp.		76,515		31,936,583
Netmarble Corp.(a)(b)(c)		120,336		8,965,473
NH Investment & Securities Co. Ltd.		647,655		6,799,240
OCI Co. Ltd.		91,374		4,788,596
Orange Life Insurance Ltd.(c)		158,551		3,832,393
Orion Corp./Republic of Korea		112,079		9,773,642
Ottogi Corp.(b)		6,251		2,947,811
Pan Ocean Co. Ltd.(a)		1,258,438		4,474,825
Pearl Abyss Corp.(a)(b)		30,799		4,831,778
POSCO		363,877		71,010,158
POSCO Chemical Co. Ltd.(b)		112,495		4,581,137
Posco International Corp.		232,330		3,589,741
S-1 Corp.		81,581		6,464,870
Samsung Biologics Co. Ltd.(a)(c)		76,440		25,465,978
Samsung C&T Corp.		392,449		32,860,522
Samsung Card Co. Ltd.		140,447		4,411,450
Samsung Electro-Mechanics Co. Ltd.(b)		260,436		24,474,788
Samsung Electronics Co. Ltd.		22,123,087		942,125,281
Samsung Engineering Co. Ltd.(a)		726,237		11,559,290
Samsung Fire & Marine Insurance Co. Ltd.		143,253		28,198,216
Samsung Heavy Industries Co. Ltd.(a)		2,061,276		12,146,197
Samsung Life Insurance Co. Ltd.		326,200		19,773,881
Samsung SDI Co. Ltd.		254,813		49,834,317
Samsung SDS Co. Ltd.		161,896		26,796,485
Samsung Securities Co. Ltd.		294,764		9,009,000
Shinhan Financial Group Co. Ltd.		2,085,140		76,880,876
Shinsegae Inc.		34,765		8,285,440
SK Holdings Co. Ltd.		161,124		35,126,301
SK Hynix Inc.		2,527,259		173,098,466
SK Innovation Co. Ltd.		256,920		31,866,215
SK Telecom Co. Ltd.		90,150		18,775,685
S-Oil Corp.		209,267		15,803,764
Woongjin Coway Co. Ltd.		242,378		18,386,377
Woori Financial Group Inc.		2,231,432		22,103,674
Yuhan Corp.		41,999		7,680,467
			2,942,721,986
Spain — 0.0%
AmRest Holdings SE(a)		166,023		1,995,137

10

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

Security	Shares		Value
Taiwan — 11.7%
Accton Technology Corp.		2,191,000	$	11,418,004
Acer Inc.(b)		13,788,121		8,111,856
Advantech Co. Ltd.		1,623,126		15,933,080
Airtac International Group.		577,000		8,339,981
ASE Technology Holding Co. Ltd.		16,009,110		39,667,941
Asia Cement Corp.		10,091,077		15,032,184
Asustek Computer Inc.		3,249,968		24,552,781
AU Optronics Corp.(b)		41,051,000		11,813,237
Catcher Technology Co. Ltd.(b)		3,055,210		24,984,018
Cathay Financial Holding Co. Ltd.		36,489,710		49,872,041
Chailease Holding Co. Ltd.		5,558,991		24,870,201
Chang Hwa Commercial Bank Ltd.		25,975,244		19,538,580
Cheng Shin Rubber Industry Co. Ltd.		9,284,128		12,658,584
Chicony Electronics Co. Ltd.		2,762,998		8,014,465
China Airlines Ltd.		12,099,347		3,573,036
China Development Financial Holding Corp.		60,296,848		19,189,538
China Life Insurance Co. Ltd./Taiwan(a)		12,606,490		10,474,247
China Steel Corp.(b)		55,407,313		42,494,588
Chunghwa Telecom Co. Ltd.		17,544,410		64,978,231
Compal Electronics Inc.		18,168,908		11,195,342
CTBC Financial Holding Co. Ltd.		85,312,772		61,096,477
Delta Electronics Inc.(b)		9,061,000		41,577,162
E.Sun Financial Holding Co. Ltd.		48,597,170		43,085,280
Eclat Textile Co. Ltd.		905,427		11,751,662
Eva Airways Corp.		10,456,109		4,797,874
Evergreen Marine Corp. Taiwan Ltd.(a)		11,127,810		4,522,536
Far Eastern New Century Corp.		14,800,038		14,431,135
Far EasTone Telecommunications Co. Ltd.		7,408,000		17,748,801
Feng TAY Enterprise Co. Ltd.		1,568,281		9,817,659
First Financial Holding Co. Ltd.		45,726,026		34,395,120
Formosa Chemicals & Fibre Corp.		16,464,090		47,108,866
Formosa Petrochemical Corp.(b)		5,782,000		18,192,819
Formosa Plastics Corp.		20,909,280		66,612,544
Formosa Taffeta Co. Ltd.		4,142,000		4,615,723
Foxconn Technology Co. Ltd.		4,348,637		9,492,444
Fubon Financial Holding Co. Ltd.		30,677,969		45,045,903
Giant Manufacturing Co. Ltd.		1,409,203		10,207,432
Globalwafers Co. Ltd.(b)		1,014,000		11,000,606
Highwealth Construction Corp.(b)		3,990,170		6,087,819
Hiwin Technologies Corp.(b)		1,095,649		9,354,700
Hon Hai Precision Industry Co. Ltd.		57,877,873		167,882,918
Hotai Motor Co. Ltd.(b)		1,408,000		27,550,384
Hua Nan Financial Holdings Co. Ltd.		37,346,615		26,562,054
Innolux Corp.(b)		40,238,002		10,418,715
Inventec Corp.		11,484,281		8,600,837
Largan Precision Co. Ltd.		468,000		68,028,384
Lite-On Technology Corp.		9,822,246		15,581,413
MediaTek Inc.		6,992,338		96,598,563
Mega Financial Holding Co. Ltd.		50,393,162		50,045,486
Micro-Star International Co. Ltd.		3,152,000		8,667,600
Nan Ya Plastics Corp.		24,169,160		56,639,352
Nanya Technology Corp.		5,655,000		13,196,637
Nien Made Enterprise Co. Ltd.		773,000		7,093,951
Novatek Microelectronics Corp.(b)		2,661,000		19,492,748
Pegatron Corp.		8,960,414		19,970,441
Phison Electronics Corp.		685,535		6,392,380
Pou Chen Corp.		10,357,220		13,493,699
Powertech Technology Inc.		3,362,300		10,369,952
President Chain Store Corp.		2,657,000		26,604,399
Quanta Computer Inc.(b)		12,254,000		24,218,423

Security	Shares		Value
Taiwan (continued)
Realtek Semiconductor Corp.(b)		2,230,637	$	16,851,963
Ruentex Development Co. Ltd.		2,703,458		4,040,500
Ruentex Industries Ltd.(b)		1,681,958		4,173,128
Shanghai Commercial & Savings Bank Ltd. (The)(b)		15,693,318		25,666,461
Shin Kong Financial Holding Co. Ltd.(b)		50,641,436		16,681,026
SinoPac Financial Holdings Co. Ltd.		50,393,626		21,224,106
Standard Foods Corp.		2,218,615		4,821,100
Synnex Technology International Corp.		6,308,834		7,619,689
Taishin Financial Holding Co. Ltd.		43,744,482		20,430,962
Taiwan Business Bank		21,179,493		8,677,133
Taiwan Cement Corp.		22,723,898		30,834,283
Taiwan Cooperative Financial Holding Co. Ltd.		41,956,869		28,534,604
Taiwan High Speed Rail Corp.		9,254,000		10,903,830
Taiwan Mobile Co. Ltd.		7,474,600		28,050,727
Taiwan Semiconductor Manufacturing Co. Ltd.		114,283,000		1,142,436,702
Tatung Co. Ltd.(a)(b)		8,776,000		6,342,433
Uni-President Enterprises Corp.		22,515,839		53,502,838
United Microelectronics Corp.		51,371,000		25,171,546
Vanguard International Semiconductor Corp.(b)		4,171,000		9,788,224
Walsin Technology Corp.(b)		1,480,000		8,246,341
Win Semiconductors Corp.		1,566,000		15,526,294
Winbond Electronics Corp.		13,957,000		7,982,486
Wistron Corp.		12,908,940		11,719,822
Wiwynn Corp.		330,000		5,981,220
WPG Holdings Ltd.		7,498,449		9,326,827
Yageo Corp.(b)		1,193,861		12,912,739
Yuanta Financial Holding Co. Ltd.		46,065,635		29,819,121
Zhen Ding Technology Holding Ltd.		2,503,075		11,034,352
			3,153,363,290
Thailand — 2.7%
Advanced Info Service PCL, NVDR		5,488,200		38,504,125
Airports of Thailand PCL, NVDR		19,880,200		49,671,717
B Grimm Power PCL, NVDR		2,887,600		5,064,708
Bangkok Bank PCL, Foreign		2,234,500		13,125,631
Bangkok Dusit Medical Services PCL, NVDR		43,581,000		35,479,196
Bangkok Expressway & Metro PCL, NVDR		35,841,200		12,809,960
Banpu PCL, NVDR		20,840,100		8,000,171
Berli Jucker PCL, NVDR		5,713,700		8,603,404
BTS Group Holdings PCL, NVDR		31,468,200		14,267,042
Bumrungrad Hospital PCL, NVDR		2,050,500		9,194,763
Central Pattana PCL, NVDR		10,680,600		22,002,725
Charoen Pokphand Foods PCL, NVDR		18,222,500		16,583,726
CP ALL PCL, NVDR		27,181,900		68,365,166
Electricity Generating PCL, NVDR		1,330,100		15,186,051
Energy Absolute PCL, NVDR		7,903,500		11,181,422
Global Power Synergy PCL, NVDR		3,029,300		8,170,363
Gulf Energy Development PCL, NVDR		2,462,500		13,609,250
Home Product Center PCL, NVDR		27,483,714		15,007,240
Indorama Ventures PCL, NVDR		7,971,780		9,167,514
Intouch Holdings PCL, NVDR		10,551,300		20,514,234
IRPC PCL, NVDR		53,717,100		6,221,886
Kasikornbank PCL, Foreign		6,057,900		31,073,864
Kasikornbank PCL, NVDR		3,297,700		16,915,479
Krung Thai Bank PCL, NVDR		16,630,700		9,026,011
Land & Houses PCL, NVDR		38,409,800		12,456,889
Minor International PCL, NVDR		12,905,620		16,443,001
Muangthai Capital PCL, NVDR		2,986,700		5,955,115
Osotspa PCL, NVDR		2,432,700		3,300,759
PTT Exploration & Production PCL, NVDR		6,412,239		25,464,339

11

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

Security	Shares		Value
Thailand (continued)
PTT Global Chemical PCL, NVDR(b)		10,687,830	$	19,011,198
PTT PCL, NVDR		52,878,800		75,684,888
Ratch Group PCL, NVDR		3,417,800		8,002,295
Robinson PCL, NVDR		2,511,900		5,465,622
Siam Cement PCL (The), NVDR		3,600,100		45,392,177
Siam Commercial Bank PCL (The), NVDR		3,866,300		15,481,833
Srisawad Corp PCL, NVDR		2,717,400		5,642,983
Thai Oil PCL, NVDR(b)		5,353,100		12,223,510
Thai Union Group PCL, NVDR		15,744,100		7,190,157
TMB Bank PCL, NVDR(b)		89,987,463		4,764,787
Total Access Communication PCL, NVDR		3,259,800		5,771,467
True Corp. PCL, NVDR(b)		54,859,201		8,060,721
				734,057,389
Turkey — 0.5%
Akbank T.A.S.(a)		13,187,225		17,840,122
Anadolu Efes Biracilik Ve Malt Sanayii AS		984,753		3,717,149
Arcelik AS(a)		935,372		3,276,693
Aselsan Elektronik Sanayi Ve Ticaret AS		1,548,495		5,033,586
BIM Birlesik Magazalar AS		1,995,092		15,978,799
Enka Insaat ve Sanayi AS		2		1
Eregli Demir ve Celik Fabrikalari TAS		6,566,142		9,168,705
Ford Otomotiv Sanayi AS		334,520		3,715,918
Haci Omer Sabanci Holding AS		4,225,340		6,694,628
KOC Holding AS		3,482,142		12,137,631
TAV Havalimanlari Holding AS		847,415		3,968,915
Tupras Turkiye Petrol Rafinerileri AS		577,743		12,463,194
Turk Hava Yollari AO(a)		2,463,743		5,859,620
Turkcell Iletisim Hizmetleri AS		5,094,087		12,026,781
Turkiye Garanti Bankasi AS(a)		10,636,537		18,704,453
Turkiye Is Bankasi AS, Class C(a)		7,242,105		7,754,670
				138,340,865
United Arab Emirates — 0.7%
Abu Dhabi Commercial Bank PJSC		13,002,159		26,725,372
Aldar Properties PJSC		17,551,654		10,369,054
DP World PLC		798,669		10,015,309
Dubai Islamic Bank PJSC		8,491,919		12,253,017
Emaar Development PJSC		294,737		288,867
Emaar Malls PJSC		11,246,538		5,848,084
Emaar Properties PJSC		16,503,108		18,555,691
Emirates Telecommunications Group Co. PJSC		8,149,492		36,164,251
First Abu Dhabi Bank PJSC		12,697,941		52,545,827
				172,765,472
Total Common Stocks — 96.6% (Cost: $22,651,583,055)				26,002,924,504
Preferred Stocks
Brazil — 2.4%
Banco Bradesco SA, Preference Shares, NVS		18,608,915		146,862,685
Braskem SA, Class A, Preference Shares, NVS		906,000		5,997,431
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS		1,159,537		9,853,171
Cia. Brasileira de Distribuicao, Preference Shares, NVS		749,986		14,218,215
Cia. Energetica de Minas Gerais, Preference Shares, NVS		4,329,910		13,363,604
Gerdau SA, Preference Shares, NVS		5,033,485		20,237,269
Itau Unibanco Holding SA, Preference Shares, NVS		22,474,279		184,969,115

Security	Shares		Value
Brazil (continued)
Itausa-Investimentos Itau SA, Preference Shares, NVS		20,612,192	$	64,688,832
Lojas Americanas SA, Preference Shares, NVS		3,513,124		18,511,554
Petroleo Brasileiro SA, Preference Shares, NVS		19,354,227		133,428,498
Telefonica Brasil SA, Preference Shares, NVS		2,065,267		27,474,699
				639,605,073
Chile — 0.1%
Embotelladora Andina SA, Class B, Preference Shares, NVS		1,489,332		3,783,684
Sociedad Quimica y Minera de Chile SA, Series B, Preference Shares, NVS		548,242		12,977,027
				16,760,711
Colombia — 0.1%
Bancolombia SA, Preference Shares, NVS		2,126,236		26,146,894
Grupo Aval Acciones y Valores SA, Preference Shares, NVS		17,061,696		6,850,123
				32,997,017
Russia — 0.1%
Surgutneftegas PJSC, Preference Shares, NVS		32,457,200		18,225,927
Transneft PJSC, Preference Shares, NVS		2,275		6,014,043
				24,239,970
South Korea — 0.6%
Amorepacific Corp., Preference Shares, NVS		45,721		3,398,640
Hyundai Motor Co.
Preference Shares, NVS		114,695		7,001,236
Series 2, Preference Shares, NVS		181,292		12,478,550
LG Chem Ltd., Preference Shares, NVS		37,972		5,368,771
LG Household & Health Care Ltd., Preference Shares, NVS		10,328		6,505,552
Samsung Electronics Co. Ltd., Preference Shares, NVS		3,856,495		133,376,642
				168,129,391
Total Preferred Stocks — 3.3% (Cost: $544,899,491)				881,732,162
Rights
Brazil — 0.0%
Centrais Eletricas Brasileiras SA, (Expires 12/17/19)(a)		206,973		6,363
China — 0.0%
Legend Holdings Corp. Class H, (Expires 12/27/19)(a)		188,246		—
South Korea — 0.0%
AMOREPACIFIC Group, (Expires 12/06/19)(a)(b)		9,660		—
Total Rights — 0.0% (Cost: $0)				6,363

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

Security	Shares		Value
Short-Term Investments
Money Market Funds — 1.8%
BlackRock Cash Funds: Institutional, SL Agency Shares,     1.82%(f)(g)(h)		483,498,177	$	483,691,576
Total Short-Term Investments — 1.8% (Cost: $483,533,550)				483,691,576
Total Investments in Securities — 101.7% (Cost: $23,680,016,096)				27,368,354,605
Other Assets, Less Liabilities — (1.7)%				(452,422,846	)
Net Assets — 100.0%			$	26,915,931,759

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  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.

^(d)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(e)  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f)  Affiliate of the Fund.

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

^(h)  All or a portion of this security was purchased with cash collateral received from loaned securities.

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: Institutional, SL Agency Shares		639,656,107		(156,157,930	)		483,498,177	$	483,691,576	$	3,791,034	(a)	$	86,029	$	(135,575	)
BlackRock Cash Funds: Treasury, SL Agency Shares		50,332,000		(50,332,000	)		—		—		232,220			—		—
								$	483,691,576	$	4,023,254		$	86,029	$	(135,575	)

^(a)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
MSCI Emerging Markets E-Mini		184		12/20/19	$	9,550	$	(77,698	)

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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Consolidated Schedule of Investments  (unaudited) (continued) November 30, 2019 iShares^® MSCI Emerging Markets 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 Consolidated Schedule of Investments above.

	Level 1			Level 2			Level 3		Total
Investments
Assets
Common Stocks	$	26,002,028,477		$	20,010		$	876,017	$	26,002,924,504
Preferred Stocks		881,732,162			—			—		881,732,162
Rights		6,363			0	(a)		—		6,363
Money Market Funds		483,691,576			—			—		483,691,576
	$	27,367,458,578		$	20,010		$	876,017	$	27,368,354,605
Derivative financial instruments(b)
Liabilities
Futures Contracts	$	(77,698	)	$	—		$	—	$	(77,698	)

^(a)  Rounds to less than $1.

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

Portfolio Abbreviations — Equity
ADR	American Depositary Receipt
CPO	Certificates of Participation (Ordinary)
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares

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