| Schedule of Investments (unaudited) | iShares® MSCI Malaysia ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Banks — 33.2% | ||||||||
| AMMB Holdings Bhd | 4,383,937 | $ | 3,022,132 | |||||
| CIMB Group Holdings Bhd | 15,512,312 | 16,061,444 | ||||||
| Hong Leong Bank Bhd | 1,564,040 | 6,958,558 | ||||||
| Hong Leong Financial Group Bhd | 552,000 | 2,342,279 | ||||||
| Malayan Banking Bhd(a) | 9,607,881 | 19,004,242 | ||||||
| Public Bank Bhd | 35,012,600 | 35,658,946 | ||||||
| RHB Bank Bhd | 4,339,902 | 5,564,873 | ||||||
| 88,612,474 | ||||||||
| Beverages — 0.7% | ||||||||
| Fraser & Neave Holdings Bhd | 308,700 | 1,986,520 | ||||||
| Chemicals — 4.2% | ||||||||
| Petronas Chemicals Group Bhd | 5,772,100 | 11,230,757 | ||||||
| Diversified Telecommunication Services — 1.5% | ||||||||
| Telekom Malaysia Bhd | 2,722,800 | 4,049,998 | ||||||
| Electric Utilities — 4.9% | ||||||||
| Tenaga Nasional Bhd | 5,488,012 | 13,206,922 | ||||||
| Energy Equipment & Services — 2.5% | ||||||||
| Dialog Group Bhd | 9,504,354 | 6,643,262 | ||||||
| Food Products — 12.2% | ||||||||
| IOI Corp. Bhd | 6,046,430 | 5,982,799 | ||||||
| Kuala Lumpur Kepong Bhd | 1,040,000 | 5,585,581 | ||||||
| Nestle Malaysia Bhd | 169,200 | 5,585,904 | ||||||
| PPB Group Bhd | 1,539,619 | 6,898,208 | ||||||
| QL Resources Bhd | 2,633,850 | 3,823,176 | ||||||
| Sime Darby Plantation Bhd | 4,139,455 | 4,554,961 | ||||||
| 32,430,629 | ||||||||
| Gas Utilities — 2.8% | ||||||||
| Petronas Gas Bhd | 1,903,600 | 7,459,665 | ||||||
| Health Care Equipment & Supplies — 11.8% | ||||||||
| Hartalega Holdings Bhd(a) | 4,121,800 | 8,964,806 | ||||||
| Kossan Rubber Industries | 3,075,900 | 3,006,899 | ||||||
| Supermax Corp. Bhd(a) | 3,598,753 | 3,586,519 | ||||||
| Top Glove Corp. Bhd(a) | 12,823,800 | 16,049,835 | ||||||
| 31,608,059 | ||||||||
| Health Care Providers & Services — 2.0% | ||||||||
| IHH Healthcare Bhd | 4,221,900 | 5,410,304 | ||||||
| Hotels, Restaurants & Leisure — 4.1% | ||||||||
| Genting Bhd | 5,128,200 | 6,052,579 | ||||||
| Genting Malaysia Bhd | 7,140,600 | 4,819,710 | ||||||
| 10,872,289 | ||||||||
| Security | Shares | Value | ||||||
| Industrial Conglomerates — 2.5% | ||||||||
| HAP Seng Consolidated Bhd | 1,496,600 | $ | 2,938,068 | |||||
| Sime Darby Bhd | 6,544,155 | 3,625,527 | ||||||
| 6,563,595 | ||||||||
| Marine — 2.0% | ||||||||
| MISC Bhd | 3,220,720 | 5,349,020 | ||||||
| Metals & Mining — 3.7% | ||||||||
| Press Metal Aluminium Holdings Bhd | 7,769,400 | 9,770,210 | ||||||
| Oil, Gas & Consumable Fuels — 1.2% | ||||||||
| Petronas Dagangan Bhd | 716,800 | 3,276,838 | ||||||
| Transportation Infrastructure — 2.3% | ||||||||
| Malaysia Airports Holdings Bhd | 2,593,800 | 3,507,265 | ||||||
| Westports Holdings Bhd | 2,460,400 | 2,565,459 | ||||||
| 6,072,724 | ||||||||
| Wireless Telecommunication Services — 7.5% | ||||||||
| Axiata Group Bhd | 6,615,900 | 5,916,025 | ||||||
| DiGi.Com Bhd | 7,479,700 | 7,702,701 | ||||||
| Maxis Bhd | 5,644,400 | 6,346,907 | ||||||
| 19,965,633 | ||||||||
| Total Common Stocks — 99.1% | ||||||||
| (Cost: $149,794,892) | 264,508,899 | |||||||
| Short-Term Investments | ||||||||
| Money Market Funds — 9.2% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(b)(c)(d) | 24,170,657 | 24,185,160 | ||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(c) | 250,000 | 250,000 | ||||||
| 24,435,160 | ||||||||
| Total Short-Term Investments — 9.2% | ||||||||
| (Cost: $24,432,407) | 24,435,160 | |||||||
| Total Investments in Securities — 108.3% | ||||||||
| (Cost: $174,227,299) | 288,944,059 | |||||||
| Other Assets, Less Liabilities — (8.3)%. | (22,149,061 | ) | ||||||
| Net Assets—100.0% | $ | 266,794,998 | ||||||
| (a) | All or a portion of this security is on loan. |
| (b) | Affiliate of the Fund. |
| (c) | Annualized 7-day yield as of period-end. |
| (d) | All or a portion of this security was purchased with cash collateral received from loaned securities. |
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| Schedule of Investments (unaudited) (continued) | iShares® MSCI Malaysia ETF |
| May 31, 2021 |
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 | $ | 10,675,467 | $ | 13,512,233 | (a) | $ | — | $ | (3,322 | ) | $ | 782 | $ | 24,185,160 | 24,170,657 | $ | 1,120,447 | (b) | $ | — | |||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 140,000 | 110,000 | (a) | — | — | — | 250,000 | 250,000 | 61 | — | |||||||||||||||||||||||||
| $ | (3,322 | ) | $ | 782 | $ | 24,435,160 | $ | 1,120,508 | $ | — | |||||||||||||||||||||||||
| (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. |
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | |||||||||
| Long Contracts | |||||||||||||
| MSCI Emerging Markets E-Mini Index | 31 | 06/18/21 | $ | 2,109 | $ | 36,277 | |||||||
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, 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 | $ | 28,480,750 | $ | 236,028,149 | $ | — | $ | 264,508,899 | |||||||
| Money Market Funds | 24,435,160 | — | — | 24,435,160 | |||||||||||
| $ | 52,915,910 | $ | 236,028,149 | $ | — | $ | 288,944,059 | ||||||||
| Derivative financial instruments(a) | |||||||||||||||
| Assets | |||||||||||||||
| Futures Contracts | $ | 36,277 | $ | — | $ | — | $ | 36,277 | |||||||
| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
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