Schedule of Investments (unaudited)	iShares^®MSCI Frontier and Select EM ETF
May 31, 2021	(Formerly iShares^®MSCI Frontier 100 ETF)
	(Percentages shown are based on Net Assets)

Security	Shares		Value

Common Stocks

Argentina — 1.4%
Globant SA^(a)		26,046	$	5,674,642
Grupo Financiero Galicia SA, ADR		66,600		591,408
				6,266,050
Bahrain — 6.5%
Ahli United Bank BSC		30,504,262		21,985,672
Aluminium Bahrain BSC^(a)		874,831		1,489,963
Bahrain Telecommunications Co. BSC		2,474,386		3,925,408
GFH Financial Group		11,897,025		2,202,996
Ithmaar Holding BSC^(a)(b)		7,341,331		527,395
				30,131,434
Bangladesh — 6.4%
Bangladesh Export Import Co. Ltd.		4,082,625		4,260,969
Beximco Pharmaceuticals Ltd.		2,194,326		4,448,238
BRAC Bank Ltd.		4,595,291		2,804,918
City Bank Ltd. (The)		4,164,368		1,352,068
GrameenPhone Ltd.		586,669		2,392,390
LafargeHolcim Bangladesh Ltd.		2,577,934		1,893,123
National Bank Ltd.		11,945,441		1,170,569
Olympic Industries Ltd.		826,745		1,700,342
Square Pharmaceuticals Ltd.		3,398,437		8,546,246
Summit Power Ltd.		2,309,809		1,216,263
				29,785,126
Colombia — 1.1%
Bancolombia SA		150,049		1,092,590
Ecopetrol SA		2,640,192		1,559,337
Grupo Argos SA		159,932		435,629
Grupo de Inversiones Suramericana SA		140,202		756,970
Interconexion Electrica SA ESP		234,649		1,266,902
				5,111,428
Croatia — 0.4%
Valamar Riviera DD^(a)		337,169		1,613,707

Egypt — 0.7%
Commercial International Bank Egypt SAE		779,851		2,663,951
Eastern Co. SAE		559,893		420,005
				3,083,956
Estonia — 0.8%
LHV Group AS		70,229		2,137,428
Tallink Grupp AS^(a)		1,487,942		1,310,048
Tallinna Sadam AS^(c)		121,033		294,914
				3,742,390
Jordan — 1.4%
Arab Bank PLC		466,128		3,418,710
Jordan Islamic Bank		285,895		1,286,537
Jordan Petroleum Refinery Co.		375,802		1,839,257
				6,544,504
Kazakhstan — 4.9%
Halyk Savings Bank of Kazakhstan JSC, GDR^(d)		526,534		8,402,657
Kaspi.KZ JSC^(d)		52,980		4,858,266
NAC Kazatomprom JSC, GDR		330,275		9,577,975
				22,838,898
Kenya — 8.0%
East African Breweries Ltd.^(a)		2,062,734		3,551,315
Equity Group Holdings PLC/Kenya^(a)		14,892,566		5,911,125
KCB Group Ltd.		13,266,216		5,178,263

Security	Shares		Value

Kenya (continued)
Safaricom PLC		58,694,205	$	22,364,892
				37,005,595
Kuwait — 13.0%
Agility Public Warehousing Co. KSC		2,005,503		6,124,131
ALAFCO Aviation Lease & Finance Co. KSCP^(a)		505,555		379,649
Alimtiaz Investment Group KSC^(a)		1,225,271		512,989
Boubyan Bank KSCP		1,476,760		3,292,593
Boubyan Petrochemicals Co. KSCP		643,148		1,929,406
Burgan Bank SAK		1,291,012		978,072
Gulf Bank KSCP		2,383,979		1,774,419
Humansoft Holding Co. KSC		144,228		1,726,801
Integrated Holding Co. KCSC		270,030		384,027
Jazeera Airways Co. KSCP^(a)		56,282		120,624
Kuwait Finance House KSCP		4,485,128		11,102,909
Kuwait International Bank KSCP^(a)		903,252		654,291
Kuwait Projects Co. Holding KSCP		1,198,438		598,881
Mabanee Co. KPSC		928,086		2,189,537
Mezzan Holding Co. KSCC		188,626		401,484
Mobile Telecommunications Co. KSCP		3,075,930		6,075,951
National Bank of Kuwait SAKP		6,848,687		18,919,489
National Industries Group Holding SAK		1,634,101		1,208,838
National Real Estate Co. KPSC^(a)		1,299,616		740,809
Warba Bank KSCP^(a)		1,261,743		1,022,978
				60,137,878
Lithuania — 0.3%
AB Ignitis Grupe		25,867		667,145
Siauliu Bankas AB		626,100		526,894
				1,194,039
Mauritius — 0.3%
Lighthouse Capital Ltd.^(e)		2,573,507		1,474,601

Morocco — 9.7%
Attijariwafa Bank		219,022		11,258,922
Banque Centrale Populaire		139,679		4,206,937
Ciments du Maroc SA		18,348		3,903,631
Co. Sucrerie Marocaine et de Raffinage		110,675		3,189,265
Hightech Payment Systems SA^(a)		682		462,633
Label Vie		5,663		2,369,910
Maroc Telecom		945,884		14,940,507
Societe d’Exploitation des Ports		116,538		3,234,179
TOTAL Maroc SA		7,435		1,208,053
				44,774,037
Nigeria — 6.5%
Access Bank PLC		98,285,949		1,750,151
Afriland Properties PLC^(a)		8,020		35
Dangote Cement PLC		14,311,534		6,681,824
FBN Holdings PLC		95,143,544		1,485,727
Guaranty Trust Bank PLC		80,697,900		4,976,809
MTN Nigeria Communications PLC		13,381,351		4,736,504
Nestle Nigeria PLC		1,581,044		4,768,882
United Bank for Africa PLC		94,428,459		1,464,206
Zenith Bank PLC		86,002,243		4,286,105
				30,150,243
Oman — 3.0%
Bank Dhofar SAOG		603,537		178,710
Bank Muscat SAOG		7,324,687		7,423,028
Bank Nizwa SAOG		4,863,209		1,187,381
National Bank of Oman SAOG^(a)		461,305		200,099
Oman Telecommunications Co. SAOG		1,331,251		2,724,742

Schedule of Investments (unaudited) (continued)	iShares^®MSCI Frontier and Select EM ETF
May 31, 2021	(Formerly iShares^®MSCI Frontier 100 ETF)
	(Percentages shown are based on Net Assets)

Security	Shares		Value

Oman (continued)
Omani Qatari Telecommunications Co. SAOG		1,572,090	$	1,633,340
Sohar International Bank SAOG^(a)		3,290,673		769,248
				14,116,548
Peru — 1.8%
Cia. de Minas Buenaventura SAA, ADR^(a)		88,514		1,019,681
Credicorp Ltd.		32,580		4,478,773
Intercorp Financial Services Inc.		14,549		409,409
Southern Copper Corp.		36,754		2,563,224
				8,471,087
Philippines — 1.9%
Aboitiz Equity Ventures Inc.		362,500		305,690
Ayala Corp.		45,740		759,821
Ayala Land Inc.		1,286,300		925,754
Bank of the Philippine Islands		310,940		546,450
BDO Unibank Inc.		340,050		737,607
Globe Telecom Inc.		5,450		205,925
GT Capital Holdings Inc.		22,190		273,766
International Container Terminal Services Inc.		183,940		550,694
JG Summit Holdings Inc.		467,080		556,810
Jollibee Foods Corp.		90,050		363,422
Manila Electric Co.		46,480		275,749
Metro Pacific Investments Corp.		2,867,000		238,653
Metropolitan Bank & Trust Co.		362,700		364,210
PLDT Inc.		14,025		385,855
SM Investments Corp.		39,900		809,878
SM Prime Holdings Inc.		1,645,000		1,238,184
Universal Robina Corp.		140,750		409,315
				8,947,783
Romania — 7.5%
Banca Transilvania SA		22,926,204		15,364,392
BRD-Groupe Societe Generale SA		1,114,234		4,389,225
OMV Petrom SA		59,616,723		6,047,365
Societatea Energetica Electrica SA		735,530		2,325,953
Societatea Nationala de Gaze Naturale ROMGAZ SA		605,346		4,877,069
Transelectrica SA		28,267		170,958
Transgaz SA Medias		24,974		1,779,701
				34,954,663
Slovenia — 0.1%
Pozavarovalnica Sava dd^(a)		8,687		279,665

Sri Lanka — 0.9%
Commercial Bank of Ceylon PLC		829,743		363,666
John Keells Holdings PLC		4,001,088		2,811,848
Sampath Bank PLC		3,650,653		1,022,550
				4,198,064
Vietnam — 20.1%
An PHAT Holdings JSC^(a)		175,518		558,252
Bank for Foreign Trade of Vietnam JSC		1,131,480		4,842,337
Bank for Investment and Development of Vietnam JSC		488,950		1,032,958
Bao Viet Holdings		203,710		478,121
Dat Xanh Group JSC^(a)		351,300		426,179
Duc Giang Chemicals JSC		110,400		343,006
FLC Group JSC^(a)		480,600		249,214
Ho Chi Minh City Development Joint Stock
Commercial Bank^(a)		796,992		1,169,010
Hoa Phat Group JSC		6,962,903		15,916,028
Hoa Sen Group^(a)		449,690		855,959
Hoang Huy Investment Financial Services JSC		555,430		536,982
Khang Dien House Trading and Investment JSC		378,700		647,855

Security	Shares		Value

Vietnam (continued)
KIDO Group Corp.		213,220	$	522,360
Kinh Bac City Development Share Holding Corp.^(a)		712,820		1,028,749
Masan Group Corp.		1,356,680		6,478,508
No Va Land Investment Group Corp.^(a)		832,622		4,864,153
PetroVietnam Drilling & Well Services JSC^(a)		367,000		347,276
PetroVietnam Gas JSC		172,000		616,203
PetroVietnam Power Corp.		1,486,040		756,471
PetroVietnam Technical Services Corp.		721,798		808,919
Phat Dat Real Estate Development Corp.^(a)		354,254		1,183,209
Saigon - Hanoi Commercial Joint Stock Bank^(a)		1,554,550		2,050,811
Saigon Beer Alcohol Beverage Corp.		188,280		1,269,142
Saigon Thuong Tin Commercial JSB^(a)		1,344,580		1,972,282
SSI Securities Corp.		1,162,630		2,238,981
Thaiholdings JSC^(a)		236,300		2,042,478
Thanh Thanh Cong - Bien Hoa JSC		810,090		699,527
Viet Capital Securities JSC		159,200		548,468
Vietjet Aviation JSC^(a)		477,090		2,276,750
Vietnam Construction and Import-Export JSC		199,000		408,431
Vietnam Dairy Products JSC		2,368,574		9,296,468
Vietnam Electrical Equipment JSC^(a)		729,190		839,689
Vietnam National Petroleum Group		307,020		727,600
Viglacera Corp. JSC		504,560		653,524
Vincom Retail JSC^(a)		2,194,980		2,800,767
Vingroup JSC^(a)		2,510,720		12,798,125
Vinh Hoan Corp.		283,900		492,224
Vinhomes JSC^(a)(c)		1,918,960		8,540,572
				93,317,588
Total Common Stocks — 96.7%
(Cost: $329,153,457)				448,139,284

Preferred Stocks

Colombia — 0.4%
Bancolombia SA, Preference Shares, NVS.		251,881		1,874,843

Total Preferred Stocks — 0.4%
(Cost: $1,949,479)				1,874,843

Short-Term Investments

Money Market Funds — 0.0%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%^(f)(g)(h)		24,646		24,661
Total Short-Term Investments — 0.0%
(Cost: $24,656)				24,661

Total Investments in Securities — 97.1%
(Cost: $331,127,592)				450,038,788

Other Assets, Less Liabilities — 2.9%				13,415,724

Net Assets—100.0%			$	463,454,512

^(a)

Non-income producing security.

^(b)

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

^(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)

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

^(e)

All or a portion of this security is on loan.

Schedule of Investments (unaudited) (continued)	iShares^®MSCI Frontier and Select EM ETF
May 31, 2021	(Formerly iShares^®MSCI Frontier 100 ETF)

^(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 affiliate(s) of the Fund during the period ended May 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 08/31/20		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 05/31/21		Shares Held at 05/31/21		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	20,350	$	4,494	^(a)	$	—		$	(187	)	$	4	$	24,661		24,646	$	609	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares^(c)		680,000		—			(680,000	)^(a)		—			—		—		—		220			—
									$	(187	)	$	4	$	24,661			$	829		$	—

^(a)

Represents net amount purchased (sold).

^(b)

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

^(c)

As of period end, the entity is no longer held.

Futures Contracts

Description

Number of Contracts

Expiration Date

Notional Amount (000)

Value/ Unrealized Appreciation (Depreciation)

Long Contracts

MSCI Emerging Markets E-Mini Index

219

06/18/21

14,902

266,655

Forward Foreign Currency Exchange Contracts

Currency Purchased			Currency Sold		Counterparty		Settlement Date	Unrealized Appreciation (Depreciation)
USD	1,428,107	NGN		614,800,000		JPM	10/28/21	$	255
USD	8,356,117	NGN		3,723,485,718		CITI	10/28/21		(291,550	)
USD	1,043,084	NGN		460,000,000		JPM	10/28/21		(25,250	)
									(316,800	)
	Net unrealized depreciation						.	$	(316,545	)

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.

Schedule of Investments (unaudited) (continued)	iShares^®MSCI Frontier and Select EM ETF
May 31, 2021	(Formerly iShares^®MSCI Frontier 100 ETF)

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2021. 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	$	216,809,886	$	230,802,003		$	527,395	$	448,139,284
Preferred Stocks		1,874,843		—			—		1,874,843
Money Market Funds		24,661		—			—		24,661
	$	218,709,390	$	230,802,003		$	527,395	$	450,038,788
Derivative financial instruments^(a)
Assets
Futures Contracts	$	266,655	$	—		$	—	$	266,655
Forward Foreign Currency Exchange Contracts.		—		255			—		255
Liabilities
Forward Foreign Currency Exchange Contracts		—		(316,800	)		—		(316,800	)
		$ 266,655	$	(316,545	)	$	—	$	(49,890	)

^(a)

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

		Counterparty Abbreviations
Portfolio Abbreviations - Equity
		CITI	Citibank N.A.
ADR	American Depositary Receipt	JPM	JPMorgan Chase Bank N.A.
GDR	Global Depositary Receipt
JSC	Joint Stock Company
NVS	Non-Voting Shares

Currency Abbreviations

NGN	Nigerian Naira
USD	United States Dollar