iShares MSCI Eurozone ETF

Schedule of Investments (unaudited)

May 31, 2020

iShares^® MSCI Eurozone ETF

(Percentages shown are based on Net Assets)


Security	Shares		Value

Common Stocks

Austria — 0.6%
ANDRITZ AG^(a)		62,474	$	2,344,691
Erste Group Bank AG^(a)		235,972		5,187,983
OMV AG		122,866		4,061,830
Raiffeisen Bank International AG		121,123		2,228,453
Verbund AG		58,409		2,601,448
voestalpine AG		99,604		1,942,781

				18,367,186

Belgium — 2.8%
Ageas SA/NV		149,606		5,103,922
Anheuser-Busch InBev SA/NV		643,594		30,003,431
Colruyt SA		47,322		2,862,487
Elia Group SA/NV		24,948		2,930,495
Galapagos NV^(a)		35,504		7,241,016
Groupe Bruxelles Lambert SA		68,843		5,568,714
KBC Group NV		210,705		11,032,154
Proximus SADP		127,975		2,675,523
Sofina SA		13,018		3,562,219
Solvay SA		62,072		4,728,254
Telenet Group Holding NV		38,086		1,561,572
UCB SA		107,430		10,754,974
Umicore SA		165,597		7,338,598

				95,363,359

Finland — 3.3%
Elisa OYJ		119,369		7,486,139
Fortum OYJ		373,727		7,158,613
Kone OYJ, Class B		287,091		19,250,149
Metso OYJ		89,311		2,897,895
Neste OYJ		359,884		14,539,506
Nokia OYJ		4,775,597		18,940,411
Nokian Renkaat OYJ		12,053		280,746
Orion OYJ, Class B		89,095		4,766,940
Sampo OYJ, Class A^(a)		397,858		14,214,936
Stora Enso OYJ, Class R^(a)		487,604		5,979,807
UPM-Kymmene OYJ		450,824		13,023,276
Wartsila OYJ Abp		375,842		2,936,507

				111,474,925

France — 33.6%
Accor SA^(a)		160,038		4,512,761
Aeroports de Paris		25,400		2,645,957
Air Liquide SA		399,612		54,274,453
Airbus SE^(a)		497,354		31,368,225
Alstom SA		161,249		6,787,181
Amundi SA^(a)(b)		50,694		3,775,273
Arkema SA		58,627		5,110,147
Atos SE^(a)		82,539		6,226,705
AXA SA		1,633,699		29,766,462
BioMerieux		35,194		5,054,011
BNP Paribas SA^(a)		950,086		34,087,978
Bollore SA		748,425		2,136,221
Bouygues SA^(a)		190,048		5,821,951
Bureau Veritas SA		246,300		5,010,942
Capgemini SE		135,493		13,880,904
Carrefour SA		514,194		7,810,161
Casino Guichard Perrachon SA^(c)		36,633		1,380,566
Cie. de Saint-Gobain		437,067		14,132,999
Cie. Generale des Etablissements Michelin SCA		143,335		14,486,593
CNP Assurances^(a)		146,921		1,545,207
Covivio		41,001		2,401,232


Security	Shares		Value

France (continued)
Credit Agricole SA^(a)		971,484	$	8,454,847
Danone SA		521,583		35,716,041
Dassault Aviation SA^(a)		2,060		1,757,534
Dassault Systemes SE		111,042		18,805,542
Edenred		204,660		8,555,217
Eiffage SA^(a)		70,360		6,417,723
Electricite de France SA		518,389		4,587,666
Engie SA^(a)		1,542,736		18,250,316
EssilorLuxottica SA		240,218		30,929,138
Eurazeo SE^(a)		33,744		1,644,038
Eurofins Scientific SE^(c)		11,142		7,532,951
Eutelsat Communications SA		18,206		181,453
Faurecia SE		64,551		2,488,701
Gecina SA		38,173		4,912,821
Getlink SE^(a)		373,931		5,398,927
Hermes International		26,751		22,251,882
ICADE		25,673		1,837,665
Iliad SA		12,698		2,237,339
Ingenico Group SA		51,125		7,063,114
Ipsen SA		31,064		2,442,970
JCDecaux SA^(a)		73,146		1,488,146
Kering SA		63,998		33,429,953
Klepierre SA		162,198		3,074,372
La Francaise des Jeux SAEM^(a)(b)		72,598		2,476,736
Legrand SA		225,477		15,374,606
L’Oreal SA		212,138		61,800,963
LVMH Moet Hennessy Louis Vuitton SE		234,616		97,865,624
Natixis SA^(a)		809,662		1,794,950
Orange SA		1,685,127		20,328,413
Orpea		43,663		5,128,835
Pernod Ricard SA		179,352		27,950,246
Peugeot SA^(a)		499,269		7,111,406
Publicis Groupe SA		184,467		5,236,494
Remy Cointreau SA		18,688		2,220,114
Renault SA^(a)		164,349		3,693,747
Safran SA^(a)		270,665		25,850,221
Sanofi		953,163		92,803,718
Sartorius Stedim Biotech^(a)		23,456		6,361,052
Schneider Electric SE		466,997		46,356,958
SCOR SE^(a)		134,712		3,323,603
SEB SA		18,894		2,593,465
SES SA		313,302		2,318,928
Societe Generale SA^(a)		681,711		10,033,838
Sodexo SA^(c)		73,949		4,979,847
STMicroelectronics NV		538,749		13,238,033
Suez SA		289,291		3,285,503
Teleperformance		49,597		11,756,556
Thales SA		90,198		6,900,814
TOTAL SA		2,087,813		78,089,954
Ubisoft Entertainment SA^(a)		77,108		5,974,811
Unibail-Rodamco-Westfield^(c)		117,865		6,253,808
Valeo SA		193,414		4,765,439
Veolia Environnement SA		455,189		9,967,092
Vinci SA		435,236		40,202,534
Vivendi SA		700,393		15,916,642
Wendel SE		22,246		2,043,964
Worldline SA^(a)(b)		116,649		8,709,119

				1,134,382,318

Germany — 26.8%
adidas AG^(a)		160,819		42,431,982


			1

Schedule of Investments (unaudited) (continued)

May 31, 2020

iShares^® MSCI Eurozone ETF

(Percentages shown are based on Net Assets)


Security	Shares		Value

Germany (continued)
Allianz SE, Registered		352,368	$	63,818,337
Aroundtown SA		973,212		5,349,972
BASF SE		775,800		41,978,726
Bayer AG, Registered		829,812		56,047,049
Bayerische Motoren Werke AG		279,664		16,363,025
Beiersdorf AG		85,141		8,927,040
Brenntag AG		129,636		6,836,548
Carl Zeiss Meditec AG, Bearer^(a)		33,871		3,469,996
Commerzbank AG^(a)		849,706		3,309,040
Continental AG		92,915		9,140,624
Covestro AG^(b)		148,113		5,484,642
Daimler AG, Registered^(c)		722,917		26,842,072
Delivery Hero SE^(a)(b)		108,122		10,364,822
Deutsche Bank AG, Registered^(a)		1,655,372		13,867,224
Deutsche Boerse AG		160,485		26,402,430
Deutsche Lufthansa AG, Registered^(a)(c)		204,001		2,074,506
Deutsche Post AG, Registered		835,540		26,004,962
Deutsche Telekom AG, Registered^(a)		2,815,261		44,389,781
Deutsche Wohnen SE		288,645		12,913,601
E.ON SE		1,896,358		20,052,079
Evonik Industries AG		178,649		4,401,651
Fraport AG Frankfurt Airport Services Worldwide^(a)(c)		35,443		1,759,144
Fresenius Medical Care AG & Co. KGaA		180,001		15,136,936
Fresenius SE & Co. KGaA		353,097		16,967,547
GEA Group AG		129,868		3,870,046
Hannover Rueck SE		50,932		8,192,195
HeidelbergCement AG		124,713		6,191,272
Henkel AG & Co. KGaA		87,775		7,034,708
HOCHTIEF AG		20,270		1,783,493
Infineon Technologies AG		1,056,600		22,161,617
KION Group AG		53,825		3,005,585
Knorr-Bremse AG		40,867		4,326,729
LANXESS AG		69,215		3,578,554
LEG Immobilien AG		52,573		6,554,388
Merck KGaA		109,165		12,525,467
METRO AG		154,109		1,439,268
MTU Aero Engines AG		44,523		7,176,193
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered		121,899		27,742,593
Nemetschek SE		43,956		3,466,616
Puma SE^(a)		70,306		5,019,187
QIAGEN NV^(a)		194,164		8,490,104
RWE AG		493,287		16,345,998
SAP SE		870,880		109,950,056
Scout24 AG^(b)		90,885		6,950,342
Siemens AG, Registered		646,163		70,819,335
Siemens Healthineers AG^(b)		127,307		6,579,903
Symrise AG		108,393		11,864,177
TeamViewer AG^(a)		109,805		5,588,586
Telefonica Deutschland Holding AG		879,499		2,706,006
thyssenkrupp AG^(a)		342,898		2,311,420
Uniper SE		170,818		5,339,262
United Internet AG, Registered^(d)		87,626		3,594,721
Volkswagen AG^(c)		27,248		4,316,044
Vonovia SE		435,134		25,062,613
Wirecard AG^(c)		99,926		10,510,594
Zalando SE^(a)(b)		128,142		8,672,054

				907,502,862

Ireland — 2.0%
AIB Group PLC^(a)		86,874		96,538


Security	Shares		Value

Ireland (continued)
Bank of Ireland Group PLC^(a)		93,307	$	167,828
CRH PLC		663,274		21,617,321
Flutter Entertainment PLC^(a)		115,959		14,872,194
Kerry Group PLC, Class A		134,185		16,612,707
Kingspan Group PLC		130,791		8,081,709
Smurfit Kappa Group PLC		192,147		6,253,875

				67,702,172

Italy — 6.5%
Assicurazioni Generali SpA		928,144		12,889,771
Atlantia SpA^(a)		415,998		6,753,620
CNH Industrial NV^(a)		863,780		5,238,419
Davide Campari-Milano SpA		491,645		3,992,232
DiaSorin SpA		21,266		4,459,010
Enel SpA		6,869,889		52,735,494
Eni SpA		2,148,749		19,415,269
Ferrari NV		106,469		17,989,630
FinecoBank Banca Fineco SpA^(a)		514,680		6,014,155
Infrastrutture Wireless Italiane SpA^(b)		202,718		2,066,646
Intesa Sanpaolo SpA^(a)		12,571,263		21,708,200
Leonardo SpA		341,838		2,129,363
Mediobanca Banca di Credito Finanziario SpA		531,923		3,453,070
Moncler SpA^(a)		163,635		6,088,546
Nexi SpA^(a)(b)		315,129		5,177,381
Pirelli & C SpA^(b)		341,854		1,532,452
Poste Italiane SpA^(b)		442,148		3,882,452
Prysmian SpA		201,280		4,286,445
Recordati SpA		87,324		3,974,756
Snam SpA		1,733,960		8,069,972
Telecom Italia SpA/Milano^(a)		7,062,786		2,608,287
Tenaris SA		400,177		2,489,204
Terna Rete Elettrica Nazionale SpA		1,188,245		8,022,985
UniCredit SpA^(a)		1,792,116		15,281,860

				220,259,219

Netherlands — 13.3%
ABN AMRO Bank NV, CVA^(b)		361,551		2,899,654
Adyen NV^(a)(b)		15,251		20,068,936
Aegon NV		1,515,972		4,055,529
AerCap Holdings NV^(a)(c)		111,194		3,584,895
Akzo Nobel NV		168,594		13,802,610
Altice Europe NV^(a)		526,078		2,106,657
ArcelorMittal SA		611,200		5,850,264
ASML Holding NV		359,536		117,159,406
EXOR NV		92,386		4,980,017
Heineken Holding NV		97,315		8,021,199
Heineken NV		218,936		20,086,631
ING Groep NV		3,291,452		21,257,189
Just Eat Takeaway.com NV^(a)(b)		102,508		11,124,252
Koninklijke Ahold Delhaize NV		929,735		23,589,880
Koninklijke DSM NV		145,580		18,630,719
Koninklijke KPN NV		3,009,651		7,378,516
Koninklijke Philips NV^(a)		757,433		34,366,808
Koninklijke Vopak NV		58,747		3,222,270
NN Group NV		246,659		7,619,283
Prosus NV^(a)		411,682		34,161,897
Randstad NV		101,212		4,247,761
Unilever NV		1,233,804		63,803,866
Wolters Kluwer NV		230,605		18,386,878

				450,405,117


2

Schedule of Investments (unaudited) (continued)

May 31, 2020

iShares^® MSCI Eurozone ETF

(Percentages shown are based on Net Assets)


Security	Shares		Value

Portugal — 0.6%
EDP — Energias de Portugal SA		2,181,433	$	10,247,177
Galp Energia SGPS SA		419,725		5,002,629
Jeronimo Martins SGPS SA		211,510		3,618,499

				18,868,305

Spain — 7.6%
ACS Actividades de Construccion y Servicios SA		217,663		5,556,593
Aena SME SA^(a)(b)		57,012		8,130,094
Amadeus IT Group SA		364,274		19,020,089
Banco Bilbao Vizcaya Argentaria SA		5,632,080		17,497,702
Banco de Sabadell SA		647,442		194,881
Banco Santander SA		14,036,613		31,812,750
Bankia SA		146,571		129,420
Bankinter SA		577,340		2,447,439
CaixaBank SA		3,058,785		5,714,395
Cellnex Telecom SA^(b)		211,216		11,963,451
Enagas SA		210,227		4,726,026
Endesa SA		266,855		6,337,449
Ferrovial SA		403,075		10,948,958
Grifols SA		251,657		7,871,647
Iberdrola SA		4,905,967		52,868,870
Industria de Diseno Textil SA		921,375		25,673,521
Mapfre SA		925,837		1,630,259
Naturgy Energy Group SA		246,112		4,570,466
Red Electrica Corp. SA		365,622		6,442,120
Repsol SA		1,190,493		11,083,925
Siemens Gamesa Renewable Energy SA		203,985		3,434,171
Telefonica SA		3,947,015		18,619,942

				256,674,168

United Kingdom — 0.4%
Coca-Cola European Partners PLC		173,369		6,536,012
Fiat Chrysler Automobiles NV^(a)		924,057		8,163,378

				14,699,390


Total Common Stocks — 97.5% (Cost: $4,440,629,871)				3,295,699,021


Preferred Stocks

Germany — 1.7%
Bayerische Motoren Werke AG, Preference Shares, NVS		47,828		2,201,476
Fuchs Petrolub SE, Preference Shares, NVS^(c)		59,559		2,373,091
Henkel AG & Co. KGaA, Preference Shares, NVS		150,485		13,438,223
Porsche Automobil Holding SE, Preference Shares, NVS		129,887		7,066,504
Sartorius AG, Preference Shares, NVS		29,972		11,115,336
Volkswagen AG, Preference Shares, NVS		156,756		23,103,689

				59,298,319


Security	Shares		Value

Italy — 0.1%
Telecom Italia SpA/Milano, Preference Shares, NVS		5,072,166	$	1,956,653


Total Preferred Stocks — 1.8% (Cost: $93,038,975)				61,254,972


Rights

Italy — 0.0%
Davide Campari-Milano SpA, (Expires 06/21/20)^(a)		491,645		5


Spain — 0.0%
Ferrovial SA, (Expires 06/02/20)^(a)(e)		444,768		164,847


Total Rights — 0.0% (Cost: $150,410)				164,852


Short-Term Investments

Money Market Funds — 1.8%
BlackRock Cash Funds: Institutional, SL Agency Shares,
0.69%^(f)(g)(h)		60,215,136		60,305,458
BlackRock Cash Funds: Treasury, SL Agency Shares,
0.16%^(f)(g)		1,222,000		1,222,000

				61,527,458


Total Short-Term Investments — 1.8% (Cost: $61,446,100)				61,527,458


Total Investments in Securities — 101.1% (Cost: $4,595,265,356)				3,418,646,303

Other Assets, Less Liabilities — (1.1)%				(36,541,176	)


Net Assets — 100.0%			$	3,382,105,127

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

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

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

^(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.


			3

Schedule of Investments (unaudited) (continued)

May 31, 2020

iShares^® MSCI Eurozone ETF

Affiliates

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


Affiliated Issuer	Shares Held at 08/31/19	Net Activity		Shares Held at 05/31/20		Value at 05/31/20		Income			Net Realized Gain (Loss)	^(a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares	40,300,373	19,914,763		60,215,136	$	60,305,458	$	725,951	^(b)	$	36,720		$	70,321
BlackRock Cash Funds: Treasury, SL Agency Shares	2,795,000	(1,573,000	)	1,222,000		1,222,000		22,084			—			—

					$	61,527,458	$	748,035		$	36,720		$	70,321

^(a)

Includes realized capital gain distributions from an affiliated fund, if any.

^(b)

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

Euro STOXX 50 Index

688

06/19/20

23,311

1,463,523

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.

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


	Level 1		Level 2		Level 3		Total
Investments
Assets
Common Stocks	$	3,295,699,021	$	—	$	—	$	3,295,699,021
Preferred Stocks		61,254,972		—		—		61,254,972
Rights		—		5		164,847		164,852
Money Market Funds		61,527,458		—		—		61,527,458

	$	3,418,481,451	$	5	$	164,847	$	3,418,646,303

Derivative financial instruments^(a)
Assets
Futures Contracts	$	1,463,523	$	—	$	—	$	1,463,523

^(a)

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


Portfolio Abbreviations — Equity

NVS		Non-Voting Shares


4