| Schedule of Investments (unaudited) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Air Freight & Logistics — 0.3% | ||||||||
| Kintetsu World Express Inc. | 2,700 | $ | 60,776 | |||||
| Konoike Transport Co. Ltd. | 2,700 | 27,578 | ||||||
| Maruwa Unyu Kikan Co. Ltd. | 2,700 | 37,566 | ||||||
| Mitsui-Soko Holdings Co. Ltd. | 900 | 18,642 | ||||||
| SBS Holdings Inc. | 1,800 | 50,708 | ||||||
| 195,270 | ||||||||
| Auto Components — 3.3% | ||||||||
| Daikyonishikawa Corp. | 2,700 | 18,564 | ||||||
| Eagle Industry Co. Ltd. | 1,800 | 18,303 | ||||||
| Exedy Corp. | 2,700 | 39,268 | ||||||
| FCC Co. Ltd. | 2,700 | 41,586 | ||||||
| Futaba Industrial Co. Ltd. | 4,500 | 20,307 | ||||||
| G-Tekt Corp. | 1,800 | 24,456 | ||||||
| Ichikoh Industries Ltd. | 2,700 | 17,603 | ||||||
| JTEKT Corp. | 17,100 | 176,192 | ||||||
| KYB Corp. | 1,800 | 62,353 | ||||||
| Musashi Seimitsu Industry Co. Ltd. | 3,600 | 71,784 | ||||||
| NGK Spark Plug Co. Ltd. | 12,600 | 196,703 | ||||||
| NHK Spring Co. Ltd. | 15,300 | 121,386 | ||||||
| Nifco Inc./Japan. | 6,300 | 213,014 | ||||||
| Nippon Seiki Co. Ltd. | 3,600 | 36,518 | ||||||
| NOK Corp. | 7,200 | 87,620 | ||||||
| Pacific Industrial Co. Ltd. | 3,600 | 38,548 | ||||||
| Piolax Inc. | 2,700 | 35,678 | ||||||
| Shoei Co. Ltd. | 1,800 | 64,207 | ||||||
| Sumitomo Riko Co. Ltd. | 2,700 | 16,396 | ||||||
| Sumitomo Rubber Industries Ltd. | 13,500 | 173,246 | ||||||
| Tachi-S Co. Ltd. | 2,700 | 31,321 | ||||||
| Tokai Rika Co. Ltd. | 3,600 | 57,353 | ||||||
| Topre Corp. | 2,700 | 40,175 | ||||||
| Toyo Tire Corp. | 9,000 | 179,196 | ||||||
| Toyoda Gosei Co. Ltd. | 5,400 | 136,465 | ||||||
| Toyota Boshoku Corp. | 5,400 | 103,398 | ||||||
| TPR Co. Ltd. | 1,800 | 23,735 | ||||||
| TS Tech Co. Ltd. | 7,200 | 102,207 | ||||||
| Unipres Corp. | 2,700 | 23,078 | ||||||
| Yokohama Rubber Co. Ltd. (The) | 9,900 | 197,604 | ||||||
| 2,368,264 | ||||||||
| Automobiles — 0.3% | ||||||||
| Mitsubishi Motors Corp.(a) | 54,900 | 150,792 | ||||||
| Nissan Shatai Co. Ltd. | 5,400 | 34,734 | ||||||
| 185,526 | ||||||||
| Banks — 4.0% | ||||||||
| 77 Bank Ltd. (The) | 4,700 | 56,542 | ||||||
| Aomori Bank Ltd. (The) | 1,800 | 35,497 | ||||||
| Aozora Bank Ltd. | 9,900 | 222,168 | ||||||
| Awa Bank Ltd. (The) | 2,700 | 50,462 | ||||||
| Bank of Kyoto Ltd. (The) | 4,500 | 220,413 | ||||||
| Bank of Nagoya Ltd. (The) | 900 | 21,673 | ||||||
| Bank of Okinawa Ltd. (The) | 1,800 | 42,325 | ||||||
| Chugoku Bank Ltd. (The) | 11,700 | 91,165 | ||||||
| Daishi Hokuetsu Financial Group Inc. | 2,700 | 58,113 | ||||||
| Fukuoka Financial Group Inc. | 13,500 | 245,309 | ||||||
| Gunma Bank Ltd. (The) | 28,800 | 92,150 | ||||||
| Hachijuni Bank Ltd. (The) | 29,700 | 100,126 | ||||||
| Hirogin Holdings Inc. | 22,500 | 119,822 | ||||||
| Hokkoku Bank Ltd. (The) | 1,800 | 37,858 | ||||||
| Hokuhoku Financial Group Inc. | 9,900 | 78,705 | ||||||
| Security | Shares | Value | ||||||
| Banks (continued) | ||||||||
| Hyakugo Bank Ltd. (The) | 16,200 | $ | 45,963 | |||||
| Hyakujushi Bank Ltd. (The) | 1,800 | 23,737 | ||||||
| Iyo Bank Ltd. (The) | 18,900 | 99,074 | ||||||
| Juroku Bank Ltd. (The) | 2,700 | 48,559 | ||||||
| Keiyo Bank Ltd. (The) | 9,000 | 33,609 | ||||||
| Kiyo Bank Ltd. (The) | 4,500 | 59,197 | ||||||
| Kyushu Financial Group Inc. | 28,800 | 107,244 | ||||||
| Mebuki Financial Group Inc. | 81,900 | 172,505 | ||||||
| Musashino Bank Ltd. (The) | 1,800 | 27,731 | ||||||
| Nanto Bank Ltd. (The) | 1,800 | 30,357 | ||||||
| Nishi-Nippon Financial Holdings Inc. | 9,900 | 60,646 | ||||||
| North Pacific Bank Ltd. | 20,700 | 45,834 | ||||||
| Ogaki Kyoritsu Bank Ltd. (The) | 2,700 | 45,763 | ||||||
| San-in Godo Bank Ltd. (The) | 11,700 | 55,698 | ||||||
| Senshu Ikeda Holdings Inc. | 16,200 | 23,577 | ||||||
| Seven Bank Ltd. | 48,600 | 100,240 | ||||||
| Shiga Bank Ltd. (The) | 2,700 | 49,469 | ||||||
| Shinsei Bank Ltd. | 10,800 | 166,960 | ||||||
| Suruga Bank Ltd. | 13,500 | 43,416 | ||||||
| Toho Bank Ltd. (The) | 15,300 | 28,508 | ||||||
| TOMONY Holdings Inc. | 9,900 | 26,707 | ||||||
| Yamaguchi Financial Group Inc. | 16,000 | 92,937 | ||||||
| 2,860,059 | ||||||||
| Beverages — 0.6% | ||||||||
| Coca-Cola Bottlers Japan Holdings Inc. | 9,900 | 161,858 | ||||||
| Sapporo Holdings Ltd. | 5,400 | 105,037 | ||||||
| Takara Holdings Inc. | 11,700 | 153,802 | ||||||
| 420,697 | ||||||||
| Biotechnology — 0.5% | ||||||||
| AnGes Inc.(a) | 9,900 | 92,372 | ||||||
| GNI Group Ltd.(a) | 3,697 | 71,370 | ||||||
| Healios KK(a) | 1,800 | 27,294 | ||||||
| Modalis Therapeutics Corp.(a) | 900 | 11,167 | ||||||
| Pharma Foods International Co. Ltd. | 1,800 | 51,367 | ||||||
| SanBio Co. Ltd.(a) | 2,700 | 35,401 | ||||||
| Takara Bio Inc. | 3,600 | 97,683 | ||||||
| 386,654 | ||||||||
| Building Products — 1.2% | ||||||||
| Aica Kogyo Co. Ltd. | 4,500 | 158,820 | ||||||
| Bunka Shutter Co. Ltd. | 4,500 | 44,331 | ||||||
| Central Glass Co. Ltd. | 1,800 | 34,135 | ||||||
| Nichias Corp. | 4,500 | 111,180 | ||||||
| Nichiha Corp. | 1,800 | 47,413 | ||||||
| Nippon Sheet Glass Co. Ltd.(a) | 7,200 | 39,546 | ||||||
| Nitto Boseki Co. Ltd. | 1,800 | 56,296 | ||||||
| Noritz Corp. | 1,800 | 31,244 | ||||||
| Sanwa Holdings Corp. | 15,300 | 183,555 | ||||||
| Sekisui Jushi Corp. | 1,800 | 33,862 | ||||||
| Shin Nippon Air Technologies Co. Ltd. | 900 | 16,612 | ||||||
| Sinko Industries Ltd. | 1,800 | 31,107 | ||||||
| Takara Standard Co. Ltd. | 1,800 | 26,121 | ||||||
| Takasago Thermal Engineering Co. Ltd. | 3,600 | 58,730 | ||||||
| 872,952 | ||||||||
| Capital Markets — 1.0% | ||||||||
| GMO Financial Holdings Inc. | 2,700 | 20,179 | ||||||
| JAFCO Group Co. Ltd. | 2,700 | 194,418 | ||||||
| M&A Capital Partners Co. Ltd.(a) | 900 | 37,766 | ||||||
| Marusan Securities Co. Ltd. | 4,500 | 26,655 | ||||||
| Matsui Securities Co. Ltd. | 9,900 | 74,822 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Capital Markets (continued) | ||||||||
| Monex Group Inc. | 12,600 | $ | 92,808 | |||||
| Okasan Securities Group Inc. | 11,700 | 46,085 | ||||||
| SPARX Group Co. Ltd. | 7,200 | 18,332 | ||||||
| Strike Co. Ltd. | 900 | 34,269 | ||||||
| Tokai Tokyo Financial Holdings Inc. | 15,300 | 56,421 | ||||||
| Uzabase Inc.(a) | 1,800 | 41,344 | ||||||
| WealthNavi Inc.(a) | 1,800 | 69,433 | ||||||
| 712,532 | ||||||||
| Chemicals — 6.7% | ||||||||
| Adeka Corp. | 6,300 | 110,284 | ||||||
| Air Water Inc. | 15,300 | 254,697 | ||||||
| C.I. Takiron Corp. | 3,600 | 19,238 | ||||||
| Chugoku Marine Paints Ltd. | 3,600 | 28,053 | ||||||
| Daicel Corp. | 20,700 | 163,537 | ||||||
| Dainichiseika Color & Chemicals Manufacturing Co. Ltd. | 900 | 18,793 | ||||||
| Denka Co. Ltd. | 6,300 | 231,770 | ||||||
| DIC Corp. | 6,300 | 159,490 | ||||||
| Fujimi Inc. | 1,800 | 81,976 | ||||||
| Fujimori Kogyo Co. Ltd. | 900 | 33,659 | ||||||
| Fuso Chemical Co. Ltd. | 1,800 | 64,113 | ||||||
| JCU Corp. | 1,800 | 58,264 | ||||||
| JSP Corp. | 900 | 13,598 | ||||||
| Kaneka Corp. | 3,600 | 145,883 | ||||||
| Kanto Denka Kogyo Co. Ltd. | 3,600 | 31,598 | ||||||
| KeePer Technical Laboratory Co. Ltd. | 900 | 18,800 | ||||||
| KH Neochem Co. Ltd. | 2,700 | 68,636 | ||||||
| Konishi Co. Ltd. | 2,700 | 37,540 | ||||||
| Kumiai Chemical Industry Co. Ltd. | 6,349 | 47,749 | ||||||
| Kuraray Co. Ltd. | 24,300 | 250,012 | ||||||
| Kureha Corp. | 900 | 51,904 | ||||||
| Lintec Corp. | 3,600 | 78,884 | ||||||
| Nihon Nohyaku Co. Ltd. | 2,700 | 12,797 | ||||||
| Nihon Parkerizing Co. Ltd. | 6,300 | 62,357 | ||||||
| Nippon Kayaku Co. Ltd. | 10,800 | 100,047 | ||||||
| Nippon Shokubai Co. Ltd. | 1,800 | 90,551 | ||||||
| Nippon Soda Co. Ltd. | 1,800 | 54,676 | ||||||
| NOF Corp. | 5,400 | 277,747 | ||||||
| Okamoto Industries Inc. | 900 | 33,318 | ||||||
| Osaka Organic Chemical Industry Ltd. | 900 | 33,166 | ||||||
| Osaka Soda Co. Ltd. | 900 | 20,135 | ||||||
| Sakata INX Corp. | 3,600 | 33,284 | ||||||
| Sanyo Chemical Industries Ltd. | 900 | 45,452 | ||||||
| Shikoku Chemicals Corp. | 2,700 | 30,101 | ||||||
| Shin-Etsu Polymer Co. Ltd. | 3,600 | 34,558 | ||||||
| Showa Denko KK | 10,800 | 332,942 | ||||||
| Sumitomo Bakelite Co. Ltd. | 2,700 | 108,654 | ||||||
| Sumitomo Seika Chemicals Co. Ltd. | 900 | 28,787 | ||||||
| T. Hasegawa Co. Ltd. | 2,700 | 51,616 | ||||||
| Taiyo Holdings Co. Ltd. | 1,800 | 81,768 | ||||||
| Takasago International Corp. | 900 | 22,033 | ||||||
| Taki Chemical Co. Ltd. | 400 | 19,799 | ||||||
| Teijin Ltd. | 14,400 | 230,585 | ||||||
| Tenma Corp. | 900 | 19,708 | ||||||
| Toagosei Co. Ltd. | 8,100 | 86,869 | ||||||
| Tokai Carbon Co. Ltd. | 15,300 | 223,452 | ||||||
| Tokuyama Corp. | 5,400 | 112,166 | ||||||
| Tokyo Ohka Kogyo Co. Ltd. | 2,700 | 165,841 | ||||||
| Toyo Gosei Co. Ltd. | 400 | 42,198 | ||||||
| Toyo Ink SC Holdings Co. Ltd. | 2,700 | 49,667 | ||||||
| Toyobo Co. Ltd. | 6,300 | 77,090 | ||||||
| Security | Shares | Value | ||||||
| Chemicals (continued) | ||||||||
| Ube Industries Ltd. | 8,100 | $ | 169,158 | |||||
| Zeon Corp. | 10,800 | 157,211 | ||||||
| 4,776,211 | ||||||||
| Commercial Services & Supplies — 1.5% | ||||||||
| Aeon Delight Co. Ltd. | 1,800 | 54,012 | ||||||
| Central Security Patrols Co. Ltd. | 900 | 23,869 | ||||||
| Daiseki Co. Ltd. | 2,760 | 103,601 | ||||||
| Duskin Co. Ltd. | 2,700 | 62,530 | ||||||
| Japan Elevator Service Holdings Co. Ltd. | 4,500 | 93,705 | ||||||
| Kokuyo Co. Ltd. | 7,200 | 110,756 | ||||||
| Matsuda Sangyo Co. Ltd. | 960 | 19,495 | ||||||
| Mitsubishi Pencil Co. Ltd. | 2,700 | 35,239 | ||||||
| Nippon Kanzai Co. Ltd. | 900 | 19,222 | ||||||
| Nippon Parking Development Co. Ltd. | 14,400 | 19,873 | ||||||
| Okamura Corp. | 4,500 | 57,113 | ||||||
| Park24 Co. Ltd.(a) | 9,000 | 186,484 | ||||||
| Pilot Corp. | 1,800 | 55,813 | ||||||
| Prestige International Inc. | 7,200 | 44,809 | ||||||
| Raksul Inc.(a) | 1,800 | 76,596 | ||||||
| Sato Holdings Corp. | 1,800 | 41,824 | ||||||
| Toppan Forms Co. Ltd. | 3,600 | 35,888 | ||||||
| 1,040,829 | ||||||||
| Construction & Engineering — 4.4% | ||||||||
| Chiyoda Corp.(a) | 12,600 | 44,508 | ||||||
| Chudenko Corp. | 2,700 | 57,143 | ||||||
| COMSYS Holdings Corp. | 9,000 | 252,369 | ||||||
| Dai-Dan Co. Ltd. | 900 | 21,780 | ||||||
| Daiho Corp. | 900 | 33,314 | ||||||
| Fukuda Corp. | 900 | 41,017 | ||||||
| Hazama Ando Corp. | 14,400 | 106,933 | ||||||
| Hibiya Engineering Ltd. | 900 | 14,848 | ||||||
| JDC Corp. | 3,600 | 18,454 | ||||||
| JGC Holdings Corp. | 18,000 | 169,800 | ||||||
| JTOWER Inc.(a) | 900 | 50,525 | ||||||
| Kandenko Co. Ltd. | 8,100 | 66,655 | ||||||
| Kinden Corp. | 9,900 | 165,294 | ||||||
| Kumagai Gumi Co. Ltd. | 2,700 | 72,919 | ||||||
| Kyowa Exeo Corp. | 8,100 | 197,776 | ||||||
| Kyudenko Corp. | 3,600 | 110,466 | ||||||
| Maeda Corp. | 10,800 | 93,563 | ||||||
| Maeda Road Construction Co. Ltd. | 2,700 | 52,747 | ||||||
| Meisei Industrial Co. Ltd. | 2,700 | 18,171 | ||||||
| Mirait Holdings Corp. | 7,200 | 126,122 | ||||||
| Nichireki Co. Ltd. | 1,800 | 21,812 | ||||||
| Nippo Corp. | 4,500 | 115,828 | ||||||
| Nippon Densetsu Kogyo Co. Ltd. | 2,700 | 43,849 | ||||||
| Nippon Koei Co. Ltd. | 900 | 25,770 | ||||||
| Nippon Road Co. Ltd. (The). | 900 | 61,593 | ||||||
| Nishimatsu Construction Co. Ltd. | 3,600 | 109,777 | ||||||
| Okumura Corp. | 2,700 | 70,160 | ||||||
| Penta-Ocean Construction Co. Ltd. | 21,600 | 151,518 | ||||||
| Raito Kogyo Co. Ltd. | 3,600 | 59,402 | ||||||
| Raiznext Corp. | 1,800 | 18,948 | ||||||
| Sanki Engineering Co. Ltd. | 3,600 | 45,249 | ||||||
| Shinnihon Corp. | 1,800 | 13,941 | ||||||
| SHO-BOND Holdings Co. Ltd. | 3,600 | 149,533 | ||||||
| Sumitomo Densetsu Co. Ltd. | 900 | 18,639 | ||||||
| Sumitomo Mitsui Construction Co. Ltd. | 11,700 | 49,702 | ||||||
| Taihei Dengyo Kaisha Ltd. | 900 | 21,711 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Construction & Engineering (continued) | ||||||||
| Taikisha Ltd. | 1,800 | $ | 51,454 | |||||
| Takamatsu Construction Group Co. Ltd. | 900 | 16,737 | ||||||
| Toa Corp./Tokyo. | 900 | 20,073 | ||||||
| Toda Corp. | 18,000 | 126,745 | ||||||
| Toenec Corp. | 900 | 30,193 | ||||||
| Tokyu Construction Co. Ltd. | 6,340 | 40,402 | ||||||
| Totetsu Kogyo Co. Ltd. | 1,800 | 38,484 | ||||||
| Toyo Construction Co. Ltd. | 5,400 | 27,454 | ||||||
| Yokogawa Bridge Holdings Corp. | 2,700 | 49,039 | ||||||
| Yurtec Corp. | 2,700 | 18,022 | ||||||
| 3,110,439 | ||||||||
| Construction Materials — 0.5% | ||||||||
| Maeda Kosen Co. Ltd. | 1,800 | 55,970 | ||||||
| Mitani Sekisan Co. Ltd. | 900 | 32,481 | ||||||
| Sumitomo Osaka Cement Co. Ltd. | 2,700 | 74,171 | ||||||
| Taiheiyo Cement Corp. | 9,000 | 205,547 | ||||||
| 368,169 | ||||||||
| Consumer Finance — 0.6% | ||||||||
| AEON Financial Service Co. Ltd. | 9,000 | 103,763 | ||||||
| Aiful Corp. | 25,200 | 82,585 | ||||||
| Credit Saison Co. Ltd. | 12,600 | 153,715 | ||||||
| Jaccs Co. Ltd. | 1,800 | 40,927 | ||||||
| Orient Corp. | 42,300 | 58,694 | ||||||
| 439,684 | ||||||||
| Containers & Packaging — 0.7% | ||||||||
| FP Corp. | 4,000 | 153,117 | ||||||
| Fuji Seal International Inc. | 3,600 | 77,391 | ||||||
| Pack Corp. (The) | 900 | 22,434 | ||||||
| Rengo Co. Ltd. | 14,400 | 119,938 | ||||||
| Toyo Seikan Group Holdings Ltd. | 11,700 | 158,856 | ||||||
| 531,736 | ||||||||
| Distributors — 0.3% | ||||||||
| Arata Corp. | 900 | 34,545 | ||||||
| Doshisha Co. Ltd. | 1,800 | 27,179 | ||||||
| Paltac Corp. | 2,700 | 141,773 | ||||||
| 203,497 | ||||||||
| Diversified Consumer Services — 0.3% | ||||||||
| Benesse Holdings Inc. | 5,400 | 123,371 | ||||||
| Litalico Inc. | 900 | 43,756 | ||||||
| Riso Kyoiku Co. Ltd. | 9,000 | 25,146 | ||||||
| 192,273 | ||||||||
| Diversified Financial Services — 0.7% | ||||||||
| eGuarantee Inc. | 2,700 | 52,199 | ||||||
| Financial Products Group Co. Ltd. | 5,400 | 35,683 | ||||||
| Fuyo General Lease Co. Ltd. | 900 | 59,271 | ||||||
| Japan Investment Adviser Co. Ltd. | 900 | 11,765 | ||||||
| Japan Securities Finance Co. Ltd. | 7,200 | 58,340 | ||||||
| Mizuho Leasing Co. Ltd. | 1,800 | 56,515 | ||||||
| Ricoh Leasing Co. Ltd. | 900 | 27,654 | ||||||
| Zenkoku Hosho Co. Ltd. | 4,500 | 183,956 | ||||||
| 485,383 | ||||||||
| Diversified Telecommunication Services — 0.3% | ||||||||
| ARTERIA Networks Corp. | 1,800 | 25,942 | ||||||
| Internet Initiative Japan Inc. | 4,500 | 123,387 | ||||||
| Usen-Next Holdings Co. Ltd. | 900 | 17,245 | ||||||
| V-Cube Inc. | 1,800 | 39,452 | ||||||
| Vision Inc./Tokyo Japan(a) | 2,700 | 24,546 | ||||||
| 230,572 | ||||||||
| Security | Shares | Value | ||||||
| Electric Utilities — 1.1% | ||||||||
| Chugoku Electric Power Co. Inc. (The) | 23,400 | $ | 226,267 | |||||
| Hokkaido Electric Power Co. Inc. | 14,400 | 65,361 | ||||||
| Hokuriku Electric Power Co. | 13,500 | 76,524 | ||||||
| Kyushu Electric Power Co. Inc. | 32,400 | 260,354 | ||||||
| Okinawa Electric Power Co. Inc. (The) | 3,692 | 47,012 | ||||||
| Shikoku Electric Power Co. Inc. | 12,600 | 84,178 | ||||||
| 759,696 | ||||||||
| Electrical Equipment — 1.4% | ||||||||
| Daihen Corp. | 1,800 | 81,141 | ||||||
| Denyo Co. Ltd. | 900 | 16,568 | ||||||
| Fujikura Ltd.(a) | 18,900 | 80,092 | ||||||
| Furukawa Electric Co. Ltd. | 5,400 | 142,805 | ||||||
| GS Yuasa Corp. | 5,400 | 151,242 | ||||||
| Idec Corp./Japan. | 2,700 | 50,026 | ||||||
| Mabuchi Motor Co. Ltd. | 3,600 | 140,684 | ||||||
| Nippon Carbon Co. Ltd. | 900 | 35,126 | ||||||
| Nissin Electric Co. Ltd. | 3,600 | 42,120 | ||||||
| Nitto Kogyo Corp. | 1,800 | 28,985 | ||||||
| Sanyo Denki Co. Ltd. | 900 | 62,258 | ||||||
| Sinfonia Technology Co. Ltd. | 1,800 | 20,863 | ||||||
| Tatsuta Electric Wire and Cable Co. Ltd. | 2,700 | 13,983 | ||||||
| Toyo Tanso Co. Ltd. | 900 | 19,951 | ||||||
| Ushio Inc. | 7,200 | 103,000 | ||||||
| 988,844 | ||||||||
| Electronic Equipment, Instruments & Components — 4.2% | ||||||||
| Ai Holdings Corp. | 2,700 | 52,974 | ||||||
| Alps Alpine Co. Ltd. | 17,100 | 182,141 | ||||||
| Amano Corp. | 4,500 | 116,962 | ||||||
| Anritsu Corp. | 10,800 | 205,086 | ||||||
| Canon Electronics Inc. | 1,800 | 27,804 | ||||||
| Canon Marketing Japan Inc. | 3,600 | 83,419 | ||||||
| Citizen Watch Co. Ltd. | 21,600 | 84,150 | ||||||
| CONEXIO Corp. | 900 | 11,994 | ||||||
| Daiwabo Holdings Co. Ltd. | 7,200 | 111,639 | ||||||
| Dexerials Corp. | 4,500 | 91,131 | ||||||
| Elematec Corp. | 1,800 | 20,054 | ||||||
| Enplas Corp. | 900 | 33,558 | ||||||
| Espec Corp. | 1,800 | 32,904 | ||||||
| Hioki E.E. Corp. | 900 | 41,794 | ||||||
| Horiba Ltd. | 2,900 | 184,984 | ||||||
| Hosiden Corp. | 4,500 | 41,238 | ||||||
| Iriso Electronics Co. Ltd. | 1,800 | 75,487 | ||||||
| Japan Aviation Electronics Industry Ltd. | 3,600 | 62,907 | ||||||
| Japan Display Inc.(a) | 43,200 | 15,726 | ||||||
| Kaga Electronics Co. Ltd. | 900 | 24,134 | ||||||
| Koa Corp. | 1,800 | 26,223 | ||||||
| Macnica Fuji Electronics Holdings Inc. | 3,600 | 79,110 | ||||||
| Maruwa Co. Ltd./Aichi | 900 | 87,899 | ||||||
| Meiko Electronics Co. Ltd. | 1,800 | 48,634 | ||||||
| Nichicon Corp. | 3,600 | 37,569 | ||||||
| Nippon Ceramic Co. Ltd. | 1,800 | 45,846 | ||||||
| Nippon Electric Glass Co. Ltd. | 6,300 | 149,825 | ||||||
| Nippon Signal Co. Ltd. | 3,600 | 30,699 | ||||||
| Nissha Co. Ltd. | 2,700 | 37,358 | ||||||
| Nohmi Bosai Ltd. | 1,800 | 33,525 | ||||||
| Oki Electric Industry Co. Ltd. | 7,200 | 63,884 | ||||||
| Optex Group Co. Ltd. | 2,700 | 47,173 | ||||||
| Restar Holdings Corp. | 900 | 14,879 | ||||||
| Riken Keiki Co. Ltd. | 900 | 22,499 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Electronic Equipment, Instruments & Components (continued) | ||||||||
| Ryosan Co. Ltd. | 1,800 | $ | 33,066 | |||||
| Ryoyo Electro Corp. | 900 | 21,831 | ||||||
| Sanshin Electronics Co. Ltd. | 900 | 17,481 | ||||||
| Siix Corp. | 2,700 | 38,225 | ||||||
| Taiyo Yuden Co. Ltd. | 9,900 | 472,182 | ||||||
| Tamura Corp. | 5,400 | 27,315 | ||||||
| Topcon Corp. | 8,100 | 125,808 | ||||||
| V Technology Co. Ltd. | 900 | 42,912 | ||||||
| Yokowo Co. Ltd. | 900 | 18,787 | ||||||
| 3,022,816 | ||||||||
| Energy Equipment & Services — 0.0% | ||||||||
| Modec Inc. | 1,800 | 34,639 | ||||||
| Entertainment — 1.1% | ||||||||
| Akatsuki Inc. | 900 | 28,714 | ||||||
| Amuse Inc. | 900 | 17,812 | ||||||
| Avex Inc. | 2,700 | 36,920 | ||||||
| COLOPL Inc. | 4,500 | 32,464 | ||||||
| Daiichikosho Co. Ltd. | 2,700 | 104,690 | ||||||
| DeNA Co. Ltd. | 7,200 | 143,445 | ||||||
| GungHo Online Entertainment Inc. | 3,600 | 66,872 | ||||||
| Marvelous Inc. | 2,700 | 19,870 | ||||||
| Shochiku Co. Ltd.(a) | 900 | 103,991 | ||||||
| Toei Animation Co. Ltd. | 900 | 100,635 | ||||||
| Toei Co. Ltd. | 500 | 102,886 | ||||||
| 758,299 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 8.9% | ||||||||
| Activia Properties Inc. | 54 | 244,780 | ||||||
| Advance Residence Investment Corp. | 108 | 345,803 | ||||||
| AEON REIT Investment Corp. | 117 | 163,986 | ||||||
| Comforia Residential REIT Inc. | 54 | 166,568 | ||||||
| CRE Logistics REIT Inc. | 36 | 58,512 | ||||||
| Daiwa Office Investment Corp. | 27 | 191,106 | ||||||
| Daiwa Securities Living Investments Corp. | 144 | 146,804 | ||||||
| Frontier Real Estate Investment Corp. | 36 | 164,925 | ||||||
| Fukuoka REIT Corp. | 54 | 87,454 | ||||||
| Global One Real Estate Investment Corp. | 81 | 90,746 | ||||||
| Hankyu Hanshin REIT Inc. | 54 | 75,921 | ||||||
| Heiwa Real Estate REIT Inc. | 72 | 106,692 | ||||||
| Hoshino Resorts REIT Inc. | 18 | 105,684 | ||||||
| Hulic Reit Inc. | 99 | 157,517 | ||||||
| Ichigo Office REIT Investment Corp. | 99 | 87,007 | ||||||
| Industrial & Infrastructure Fund Investment Corp. | 153 | 272,407 | ||||||
| Invesco Office J-Reit Inc. | 723 | 148,089 | ||||||
| Invincible Investment Corp. | 495 | 200,535 | ||||||
| Itochu Advance Logistics Investment Corp. | 45 | 58,044 | ||||||
| Japan Excellent Inc. | 99 | 141,478 | ||||||
| Japan Hotel REIT Investment Corp. | 360 | 219,314 | ||||||
| Japan Logistics Fund Inc. | 63 | 177,177 | ||||||
| Japan Prime Realty Investment Corp. | 63 | 246,549 | ||||||
| Kenedix Office Investment Corp. | 36 | 265,818 | ||||||
| Kenedix Residential Next Investment Corp. | 81 | 165,992 | ||||||
| Kenedix Retail REIT Corp. | 45 | 116,102 | ||||||
| LaSalle Logiport REIT | 135 | 219,361 | ||||||
| Mirai Corp. | 135 | 61,104 | ||||||
| Mitsubishi Estate Logistics REIT Investment Corp. | 29 | 120,687 | ||||||
| Mitsui Fudosan Logistics Park Inc. | 46 | 235,240 | ||||||
| Mori Hills REIT Investment Corp. | 126 | 180,880 | ||||||
| Mori Trust Hotel Reit Inc. | 27 | 32,979 | ||||||
| Mori Trust Sogo REIT Inc. | 81 | 114,723 | ||||||
| Security | Shares | Value | ||||||
| Equity Real Estate Investment Trusts (REITs) (continued) | ||||||||
| Nippon Accommodations Fund Inc. | 36 | $ | 207,717 | |||||
| Nippon REIT Investment Corp. | 36 | 145,903 | ||||||
| NTT UD REIT Investment Corp. | 99 | 144,489 | ||||||
| One REIT Inc. | 18 | 50,430 | ||||||
| Samty Residential Investment Corp. | 18 | 19,734 | ||||||
| Sekisui House Reit Inc. | 333 | 274,362 | ||||||
| SOSiLA Logistics REIT Inc. | 45 | 59,431 | ||||||
| Star Asia Investment Corp. | 117 | 62,449 | ||||||
| Starts Proceed Investment Corp. | 18 | 37,033 | ||||||
| Takara Leben Real Estate Investment Corp. | 36 | 39,108 | ||||||
| Tokyu REIT Inc. | 72 | 126,654 | ||||||
| 6,337,294 | ||||||||
| Food & Staples Retailing — 2.9% | ||||||||
| Aeon Hokkaido Corp. | 1,800 | 16,702 | ||||||
| Ain Holdings Inc. | 2,200 | 134,275 | ||||||
| Arcs Co. Ltd. | 3,600 | 78,065 | ||||||
| Axial Retailing Inc. | 900 | 31,878 | ||||||
| Belc Co. Ltd. | 900 | 45,090 | ||||||
| Cawachi Ltd. | 900 | 18,165 | ||||||
| cocokara fine Inc. | 1,800 | 129,586 | ||||||
| Create SD Holdings Co. Ltd. | 1,800 | 52,640 | ||||||
| Daikokutenbussan Co. Ltd. | 700 | 48,263 | ||||||
| Fuji Co. Ltd./Ehime | 1,800 | 33,309 | ||||||
| G-7 Holdings Inc. | 900 | 24,295 | ||||||
| Genky DrugStores Co. Ltd. | 900 | 27,219 | ||||||
| Halows Co. Ltd. | 900 | 22,604 | ||||||
| Heiwado Co. Ltd. | 2,700 | 57,084 | ||||||
| Inageya Co. Ltd. | 1,800 | 24,154 | ||||||
| JM Holdings Co. Ltd. | 900 | 16,879 | ||||||
| Kato Sangyo Co. Ltd. | 1,800 | 53,727 | ||||||
| Kusuri no Aoki Holdings Co. Ltd. | 1,400 | 97,875 | ||||||
| Life Corp. | 900 | 27,493 | ||||||
| Matsumotokiyoshi Holdings Co. Ltd. | 6,300 | 270,197 | ||||||
| Maxvalu Tokai Co. Ltd. | 900 | 20,003 | ||||||
| Mitsubishi Shokuhin Co. Ltd. | 900 | 23,480 | ||||||
| Nihon Chouzai Co. Ltd. | 900 | 13,094 | ||||||
| Okuwa Co. Ltd. | 1,800 | 18,088 | ||||||
| Qol Holdings Co. Ltd. | 1,800 | 24,238 | ||||||
| Retail Partners Co. Ltd. | 1,800 | 18,571 | ||||||
| San-A Co. Ltd. | 900 | 34,692 | ||||||
| Shoei Foods Corp. | 900 | 32,431 | ||||||
| Sugi Holdings Co. Ltd. | 3,000 | 235,197 | ||||||
| Sundrug Co. Ltd. | 5,400 | 180,260 | ||||||
| United Super Markets Holdings Inc. | 4,500 | 44,101 | ||||||
| Valor Holdings Co. Ltd. | 2,700 | 54,444 | ||||||
| YAKUODO Holdings Co. Ltd. | 900 | 19,467 | ||||||
| Yaoko Co. Ltd. | 1,800 | 102,614 | ||||||
| Yokohama Reito Co. Ltd. | 3,600 | 28,571 | ||||||
| 2,058,751 | ||||||||
| Food Products — 3.7% | ||||||||
| Ariake Japan Co. Ltd. | 1,800 | 104,351 | ||||||
| Calbee Inc. | 7,200 | 165,258 | ||||||
| Chubu Shiryo Co. Ltd. | 1,800 | 19,353 | ||||||
| DyDo Group Holdings Inc. | 900 | 40,385 | ||||||
| Ezaki Glico Co. Ltd. | 3,600 | 136,675 | ||||||
| Fuji Oil Holdings Inc. | 3,600 | 90,141 | ||||||
| Fujicco Co. Ltd. | 1,800 | 31,242 | ||||||
| Fujiya Co. Ltd. | 900 | 17,202 | ||||||
| Hokuto Corp. | 1,800 | 31,622 | ||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Food Products (continued) | ||||||||
| House Foods Group Inc. | 4,500 | $ | 130,680 | |||||
| Itoham Yonekyu Holdings Inc. | 11,700 | 75,318 | ||||||
| J-Oil Mills Inc. | 1,800 | 30,515 | ||||||
| Kagome Co. Ltd. | 6,300 | 166,235 | ||||||
| Kameda Seika Co. Ltd. | 900 | 36,407 | ||||||
| Kewpie Corp. | 8,100 | 184,318 | ||||||
| KEY Coffee Inc. | 900 | 16,970 | ||||||
| Kotobuki Spirits Co. Ltd. | 1,800 | 113,240 | ||||||
| Marudai Food Co. Ltd. | 900 | 13,683 | ||||||
| Maruha Nichiro Corp. | 3,600 | 78,245 | ||||||
| Megmilk Snow Brand Co. Ltd. | 3,600 | 68,792 | ||||||
| Mitsui DM Sugar Holdings Co. Ltd. | 900 | 14,864 | ||||||
| Morinaga & Co. Ltd./Japan | 2,700 | 82,900 | ||||||
| Morinaga Milk Industry Co. Ltd. | 2,700 | 138,901 | ||||||
| Nagatanien Holdings Co. Ltd. | 900 | 17,815 | ||||||
| Nichirei Corp. | 9,000 | 230,033 | ||||||
| Nippn Corp., New | 3,600 | 50,839 | ||||||
| Nippon Suisan Kaisha Ltd. | 23,400 | 107,619 | ||||||
| Nisshin Oillio Group Ltd. (The) | 1,800 | 49,061 | ||||||
| Prima Meat Packers Ltd. | 1,800 | 49,086 | ||||||
| Riken Vitamin Co. Ltd. | 1,800 | 23,558 | ||||||
| S Foods Inc. | 1,800 | 52,502 | ||||||
| Sakata Seed Corp. | 1,800 | 60,725 | ||||||
| Showa Sangyo Co. Ltd. | 900 | 24,357 | ||||||
| Starzen Co. Ltd. | 900 | 17,132 | ||||||
| Yamazaki Baking Co. Ltd. | 9,900 | 147,530 | ||||||
| Yukiguni Maitake Co. Ltd. | 1,800 | 28,178 | ||||||
| 2,645,732 | ||||||||
| Gas Utilities — 0.3% | ||||||||
| Nippon Gas Co. Ltd. | 9,100 | 139,695 | ||||||
| Saibu Gas Holdings Co. Ltd. | 1,800 | 40,039 | ||||||
| Shizuoka Gas Co. Ltd. | 3,600 | 34,169 | ||||||
| 213,903 | ||||||||
| Health Care Equipment & Supplies — 1.7% | ||||||||
| CYBERDYNE Inc.(a) | 9,000 | 43,975 | ||||||
| Eiken Chemical Co. Ltd. | 2,700 | 52,549 | ||||||
| Hogy Medical Co. Ltd. | 1,800 | 53,882 | ||||||
| Japan Lifeline Co. Ltd. | 4,500 | 56,546 | ||||||
| Jeol Ltd. | 2,700 | 137,506 | ||||||
| Mani Inc. | 6,300 | 137,574 | ||||||
| Menicon Co. Ltd. | 2,700 | 167,611 | ||||||
| Nagaileben Co. Ltd. | 1,800 | 42,054 | ||||||
| Nakanishi Inc. | 5,400 | 112,907 | ||||||
| Nihon Kohden Corp. | 6,300 | 177,443 | ||||||
| Nipro Corp. | 10,800 | 130,456 | ||||||
| Paramount Bed Holdings Co. Ltd. | 2,700 | 49,164 | ||||||
| Taiko Pharmaceutical Co. Ltd. | 1,800 | 17,221 | ||||||
| 1,178,888 | ||||||||
| Health Care Providers & Services — 1.5% | ||||||||
| Alfresa Holdings Corp. | 15,300 | 234,689 | ||||||
| As One Corp. | 1,100 | 124,698 | ||||||
| BML Inc. | 1,800 | 60,958 | ||||||
| Elan Corp. | 2,700 | 34,165 | ||||||
| H.U. Group Holdings Inc. | 4,500 | 120,368 | ||||||
| Japan Medical Dynamic Marketing Inc. | 900 | 16,435 | ||||||
| Ship Healthcare Holdings Inc. | 6,300 | 148,067 | ||||||
| Solasto Corp. | 4,500 | 53,233 | ||||||
| Suzuken Co. Ltd. | 5,400 | 169,540 | ||||||
| Toho Holdings Co. Ltd. | 4,500 | 69,896 | ||||||
| Security | Shares | Value | ||||||
| Health Care Providers & Services (continued) | ||||||||
| Tokai Corp./Gifu | 1,800 | $ | 39,289 | |||||
| 1,071,338 | ||||||||
| Health Care Technology — 0.4% | ||||||||
| EM Systems Co. Ltd. | 2,700 | 20,305 | ||||||
| JMDC Inc.(a) | 2,000 | 89,599 | ||||||
| Medical Data Vision Co. Ltd. | 1,800 | 33,074 | ||||||
| Medley Inc.(a) | 1,800 | 73,947 | ||||||
| MedPeer Inc.(a) | 900 | 38,400 | ||||||
| 255,325 | ||||||||
| Hotels, Restaurants & Leisure — 3.3% | ||||||||
| Arcland Service Holdings Co. Ltd. | 900 | 18,584 | ||||||
| Atom Corp. | 9,000 | 62,420 | ||||||
| Colowide Co. Ltd. | 4,500 | 78,048 | ||||||
| Create Restaurants Holdings Inc.(a) | 7,200 | 52,426 | ||||||
| Curves Holdings Co. Ltd. | 4,500 | 34,898 | ||||||
| Doutor Nichires Holdings Co. Ltd. | 2,700 | 39,999 | ||||||
| Food & Life Companies Ltd. | 9,000 | 401,731 | ||||||
| Fuji Kyuko Co. Ltd. | 1,800 | 83,487 | ||||||
| Fujio Food Group Inc. | 900 | 10,771 | ||||||
| Hiday Hidaka Corp. | 1,884 | 29,538 | ||||||
| HIS Co. Ltd.(a) | 2,700 | 61,745 | ||||||
| Ichibanya Co. Ltd. | 900 | 38,528 | ||||||
| Kappa Create Co. Ltd.(a) | 1,800 | 23,759 | ||||||
| KFC Holdings Japan Ltd. | 900 | 22,798 | ||||||
| Kisoji Co. Ltd. | 1,800 | 37,900 | ||||||
| KOMEDA Holdings Co. Ltd. | 3,600 | 65,972 | ||||||
| Koshidaka Holdings Co. Ltd. | 3,600 | 20,811 | ||||||
| Kura Sushi Inc. | 1,800 | 63,277 | ||||||
| Kyoritsu Maintenance Co. Ltd. | 2,780 | 92,463 | ||||||
| Matsuyafoods Holdings Co. Ltd. | 900 | 28,226 | ||||||
| Monogatari Corp. (The) | 900 | 53,969 | ||||||
| MOS Food Services Inc. | 1,800 | 50,175 | ||||||
| Ohsho Food Service Corp. | 900 | 45,370 | ||||||
| Plenus Co. Ltd. | 1,800 | 31,631 | ||||||
| Resorttrust Inc. | 6,300 | 98,740 | ||||||
| Ringer Hut Co. Ltd.(a) | 1,800 | 36,362 | ||||||
| Rock Field Co. Ltd. | 900 | 12,835 | ||||||
| Round One Corp. | 4,500 | 61,086 | ||||||
| Royal Holdings Co. Ltd.(a) | 1,800 | 33,269 | ||||||
| Saizeriya Co. Ltd. | 2,700 | 59,447 | ||||||
| Skylark Holdings Co. Ltd.(a) | 16,200 | 226,870 | ||||||
| Tokyotokeiba Co. Ltd. | 900 | 43,930 | ||||||
| Toridoll Holdings Corp. | 3,600 | 55,570 | ||||||
| Tosho Co. Ltd. | 900 | 14,713 | ||||||
| Yoshinoya Holdings Co. Ltd.(a) | 5,400 | 98,474 | ||||||
| Zensho Holdings Co. Ltd. | 7,200 | 178,360 | ||||||
| 2,368,182 | ||||||||
| Household Durables — 2.0% | ||||||||
| Chofu Seisakusho Co. Ltd. | 1,800 | 33,091 | ||||||
| ES-Con Japan Ltd. | 2,700 | 18,754 | ||||||
| Fujitsu General Ltd. | 4,500 | 109,937 | ||||||
| Haseko Corp. | 20,700 | 288,392 | ||||||
| LEC Inc. | 1,800 | 18,018 | ||||||
| Nikon Corp. | 24,300 | 246,876 | ||||||
| Open House Co. Ltd. | 6,300 | 291,265 | ||||||
| Pressance Corp. | 1,200 | 18,167 | ||||||
| Sangetsu Corp. | 3,600 | 49,800 | ||||||
| Sumitomo Forestry Co. Ltd. | 10,800 | 216,652 | ||||||
| Tama Home Co. Ltd. | 900 | 17,186 | ||||||
5
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Household Durables (continued) | ||||||||
| Tamron Co. Ltd. | 900 | $ | 19,933 | |||||
| Token Corp. | 900 | 77,993 | ||||||
| Zojirushi Corp. | 2,700 | 40,873 | ||||||
| 1,446,937 | ||||||||
| Household Products — 0.1% | ||||||||
| Earth Corp. | 900 | 51,517 | ||||||
| S.T. Corp. | 900 | 14,118 | ||||||
| 65,635 | ||||||||
| Independent Power and Renewable Electricity Producers — 0.5% | ||||||||
| Electric Power Development Co. Ltd. | 11,700 | 164,956 | ||||||
| eRex Co. Ltd. | 1,800 | 30,050 | ||||||
| RENOVA Inc.(a) | 2,700 | 89,048 | ||||||
| West Holdings Corp. | 2,280 | 73,392 | ||||||
| 357,446 | ||||||||
| Industrial Conglomerates — 0.7% | ||||||||
| Katakura Industries Co. Ltd. | 1,800 | 24,971 | ||||||
| Keihan Holdings Co. Ltd. | 8,100 | 254,699 | ||||||
| Mie Kotsu Group Holdings Inc. | 3,600 | 15,569 | ||||||
| Nisshinbo Holdings Inc. | 11,700 | 95,697 | ||||||
| Noritsu Koki Co. Ltd. | 1,800 | 37,227 | ||||||
| TOKAI Holdings Corp. | 8,100 | 64,722 | ||||||
| 492,885 | ||||||||
| Insurance — 0.1% | ||||||||
| Anicom Holdings Inc. | 6,300 | 55,037 | ||||||
| Lifenet Insurance Co.(a) | 2,700 | 30,073 | ||||||
| 85,110 | ||||||||
| Interactive Media & Services — 0.6% | ||||||||
| Bengo4.com Inc.(a) | 900 | 73,436 | ||||||
| Dip Corp. | 2,700 | 79,028 | ||||||
| GA Technologies Co. Ltd./Japan(a) | 900 | 14,731 | ||||||
| giftee Inc.(a) | 900 | 27,874 | ||||||
| Gree Inc. | 9,000 | 46,197 | ||||||
| Kamakura Shinsho Ltd. | 1,800 | 19,923 | ||||||
| Lifull Co. Ltd. | 6,300 | 20,969 | ||||||
| Mixi Inc. | 3,600 | 86,851 | ||||||
| MTI Ltd. | 1,800 | 11,459 | ||||||
| ZIGExN Co. Ltd. | 4,500 | 16,263 | ||||||
| 396,731 | ||||||||
| Internet & Direct Marketing Retail — 0.4% | ||||||||
| ASKUL Corp. | 2,700 | 43,831 | ||||||
| Belluna Co. Ltd. | 3,600 | 35,516 | ||||||
| Demae-Can Co. Ltd.(a) | 2,700 | 44,561 | ||||||
| Enigmo Inc. | 1,800 | 21,629 | ||||||
| Media Do Co. Ltd. | 900 | 45,684 | ||||||
| Oisix ra daichi Inc.(a) | 1,800 | 50,703 | ||||||
| Open Door Inc.(a) | 900 | 21,477 | ||||||
| 263,401 | ||||||||
| IT Services — 2.9% | ||||||||
| Argo Graphics Inc. | 900 | 24,485 | ||||||
| BASE Inc.(a) | 5,800 | 90,834 | ||||||
| Bell System24 Holdings Inc. | 2,700 | 39,992 | ||||||
| Change Inc.(a) | 2,700 | 72,368 | ||||||
| Comture Corp. | 1,800 | 37,321 | ||||||
| Digital Garage Inc. | 2,700 | 109,786 | ||||||
| DTS Corp. | 2,700 | 62,302 | ||||||
| Future Corp. | 1,800 | 33,111 | ||||||
| GMO GlobalSign Holdings KK | 400 | 18,403 | ||||||
| GMO internet Inc. | 5,400 | 144,973 | ||||||
| Security | Shares | Value | ||||||
| IT Services (continued) | ||||||||
| Hennge KK(a) | 500 | $ | 22,801 | |||||
| Infocom Corp. | 1,800 | 41,453 | ||||||
| Infomart Corp. | 16,200 | 135,232 | ||||||
| Information Services International-Dentsu Ltd. | 1,800 | 62,534 | ||||||
| JIG-SAW Inc.(a) | 600 | 46,183 | ||||||
| Kanematsu Electronics Ltd. | 900 | 29,326 | ||||||
| Mitsubishi Research Institute Inc. | 900 | 31,902 | ||||||
| NEC Networks & System Integration Corp. | 5,400 | 85,899 | ||||||
| NET One Systems Co. Ltd. | 7,300 | 220,569 | ||||||
| Nihon Unisys Ltd. | 5,400 | 155,312 | ||||||
| NS Solutions Corp. | 2,700 | 78,183 | ||||||
| NSD Co. Ltd. | 5,400 | 86,977 | ||||||
| Oro Co. Ltd. | 900 | 29,111 | ||||||
| Relia Inc. | 2,700 | 29,616 | ||||||
| SB Technology Corp. | 900 | 24,762 | ||||||
| SHIFT Inc.(a) | 900 | 126,038 | ||||||
| TechMatrix Corp. | 2,700 | 42,518 | ||||||
| TKC Corp. | 2,700 | 83,338 | ||||||
| Transcosmos Inc. | 1,800 | 48,836 | ||||||
| Uchida Yoko Co. Ltd. | 900 | 38,718 | ||||||
| Zuken Inc. | 900 | 25,739 | ||||||
| 2,078,622 | ||||||||
| Leisure Products — 0.8% | ||||||||
| Heiwa Corp. | 4,516 | 74,688 | ||||||
| Mizuno Corp. | 1,800 | 36,657 | ||||||
| Roland Corp. | 900 | 52,185 | ||||||
| Sankyo Co. Ltd. | 3,600 | 87,307 | ||||||
| Sega Sammy Holdings Inc. | 14,400 | 182,187 | ||||||
| Snow Peak Inc. | 900 | 28,735 | ||||||
| Tomy Co. Ltd. | 7,200 | 62,233 | ||||||
| Universal Entertainment Corp.(a) | 1,800 | 38,536 | ||||||
| Yonex Co. Ltd. | 4,500 | 25,078 | ||||||
| 587,606 | ||||||||
| Life Sciences Tools & Services — 0.0% | ||||||||
| EPS Holdings Inc. | 1,800 | 29,346 | ||||||
| Machinery — 6.3% | ||||||||
| Aichi Corp. | 1,800 | 14,238 | ||||||
| Aida Engineering Ltd. | 3,600 | 28,399 | ||||||
| Amada Co. Ltd. | 27,900 | 294,315 | ||||||
| Anest Iwata Corp. | 2,700 | 24,717 | ||||||
| CKD Corp. | 4,500 | 106,164 | ||||||
| Daiwa Industries Ltd. | 2,700 | 25,845 | ||||||
| DMG Mori Co. Ltd. | 9,000 | 153,912 | ||||||
| Ebara Corp. | 8,100 | 396,611 | ||||||
| Fuji Corp./Aichi | 5,400 | 133,067 | ||||||
| Fujitec Co. Ltd. | 5,400 | 117,874 | ||||||
| Fukushima Galilei Co. Ltd. | 900 | 34,479 | ||||||
| Furukawa Co. Ltd. | 2,700 | 30,818 | ||||||
| Giken Ltd. | 1,800 | 73,074 | ||||||
| Glory Ltd. | 3,600 | 73,391 | ||||||
| Hirata Corp. | 900 | 52,790 | ||||||
| Hitachi Zosen Corp. | 13,500 | 87,799 | ||||||
| Hosokawa Micron Corp. | 500 | 27,360 | ||||||
| IHI Corp.(a) | 10,800 | 259,360 | ||||||
| Japan Steel Works Ltd. (The) | 4,500 | 115,785 | ||||||
| Kawasaki Heavy Industries Ltd.(a) | 11,700 | 278,905 | ||||||
| Kitz Corp. | 4,500 | 30,942 | ||||||
| Komori Corp. | 3,600 | 25,912 | ||||||
| Kyokuto Kaihatsu Kogyo Co. Ltd. | 2,700 | 42,383 | ||||||
6
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Machinery (continued) | ||||||||
| Makino Milling Machine Co. Ltd. | 1,800 | $ | 70,772 | |||||
| Max Co. Ltd. | 1,800 | 27,417 | ||||||
| Meidensha Corp. | 2,700 | 55,123 | ||||||
| METAWATER Co. Ltd. | 1,800 | 32,979 | ||||||
| Mitsubishi Logisnext Co. Ltd. | 1,800 | 16,664 | ||||||
| Mitsuboshi Belting Ltd. | 1,800 | 28,648 | ||||||
| Morita Holdings Corp. | 2,700 | 37,690 | ||||||
| Nachi-Fujikoshi Corp. | 900 | 33,957 | ||||||
| Nikkiso Co. Ltd. | 3,600 | 39,074 | ||||||
| Nissei ASB Machine Co. Ltd. | 900 | 43,175 | ||||||
| Nitta Corp. | 1,800 | 42,178 | ||||||
| Nitto Kohki Co. Ltd. | 900 | 15,292 | ||||||
| Nittoku Co. Ltd. | 900 | 29,376 | ||||||
| Noritake Co. Ltd./Nagoya Japan | 900 | 34,188 | ||||||
| NTN Corp.(a) | 32,400 | 89,933 | ||||||
| Obara Group Inc. | 900 | 31,120 | ||||||
| Oiles Corp. | 1,896 | 26,601 | ||||||
| OKUMA Corp. | 1,800 | 92,271 | ||||||
| Organo Corp. | 900 | 52,242 | ||||||
| OSG Corp. | 6,300 | 99,896 | ||||||
| Ryobi Ltd.(a) | 1,800 | 25,864 | ||||||
| Shibaura Machine Co. Ltd. | 1,800 | 40,868 | ||||||
| Shibuya Corp. | 900 | 26,917 | ||||||
| Shima Seiki Manufacturing Ltd. | 1,800 | 34,595 | ||||||
| Shinmaywa Industries Ltd. | 4,500 | 39,727 | ||||||
| Sodick Co. Ltd. | 2,700 | 27,486 | ||||||
| Star Micronics Co. Ltd. | 2,700 | 44,206 | ||||||
| Sumitomo Heavy Industries Ltd. | 9,000 | 275,759 | ||||||
| Tadano Ltd. | 8,100 | 77,540 | ||||||
| Takeuchi Manufacturing Co. Ltd. | 2,700 | 70,857 | ||||||
| Takuma Co. Ltd. | 5,400 | 91,004 | ||||||
| Teikoku Sen-I Co. Ltd. | 1,800 | 33,121 | ||||||
| Tocalo Co. Ltd. | 4,500 | 57,206 | ||||||
| Tsubaki Nakashima Co. Ltd. | 3,600 | 57,377 | ||||||
| Tsubakimoto Chain Co. | 1,800 | 50,193 | ||||||
| Tsugami Corp. | 3,600 | 54,568 | ||||||
| Tsukishima Kikai Co. Ltd. | 1,800 | 18,930 | ||||||
| Tsurumi Manufacturing Co. Ltd. | 1,800 | 28,248 | ||||||
| Union Tool Co. | 900 | 30,440 | ||||||
| YAMABIKO Corp. | 2,700 | 29,835 | ||||||
| Yamashin-Filter Corp. | 2,700 | 19,646 | ||||||
| 4,461,123 | ||||||||
| Marine — 0.7% | ||||||||
| Iino Kaiun Kaisha Ltd. | 6,300 | 24,857 | ||||||
| Kawasaki Kisen Kaisha Ltd.(a) | 3,600 | 96,201 | ||||||
| Mitsui OSK Lines Ltd. | 9,000 | 357,639 | ||||||
| NS United Kaiun Kaisha Ltd. | 900 | 17,240 | ||||||
| 495,937 | ||||||||
| Media — 0.8% | ||||||||
| Digital Holdings Inc. | 900 | 18,763 | ||||||
| Direct Marketing MiX Inc. | 900 | 29,635 | ||||||
| Fuji Media Holdings Inc. | 3,600 | 40,401 | ||||||
| Gakken Holdings Co. Ltd. | 1,800 | 21,768 | ||||||
| Kadokawa Corp. | 3,608 | 142,554 | ||||||
| Nippon Television Holdings Inc. | 4,500 | 53,283 | ||||||
| Proto Corp. | 1,800 | 19,007 | ||||||
| RPA Holdings Inc.(a) | 1,800 | 11,997 | ||||||
| Septeni Holdings Co. Ltd. | 5,400 | 22,254 | ||||||
| SKY Perfect JSAT Holdings Inc. | 10,800 | 42,451 | ||||||
| Security | Shares | Value | ||||||
| Media (continued) | ||||||||
| TBS Holdings Inc. | 2,700 | $ | 44,932 | |||||
| TV Asahi Holdings Corp. | 1,800 | 30,605 | ||||||
| ValueCommerce Co. Ltd. | 900 | 24,524 | ||||||
| Vector Inc. | 1,800 | 14,848 | ||||||
| Wowow Inc. | 900 | 19,023 | ||||||
| Zenrin Co. Ltd. | 2,700 | 28,526 | ||||||
| 564,571 | ||||||||
| Metals & Mining — 2.0% | ||||||||
| Aichi Steel Corp. | 900 | 25,206 | ||||||
| Asahi Holdings Inc. | 6,300 | 136,633 | ||||||
| Daido Steel Co. Ltd. | 1,800 | 87,924 | ||||||
| Dowa Holdings Co. Ltd. | 3,600 | 147,915 | ||||||
| Kobe Steel Ltd. | 25,200 | 169,383 | ||||||
| Kyoei Steel Ltd. | 1,800 | 23,138 | ||||||
| Maruichi Steel Tube Ltd. | 4,500 | 112,925 | ||||||
| Mitsubishi Materials Corp. | 9,000 | 189,044 | ||||||
| Mitsui Mining & Smelting Co. Ltd. | 4,500 | 131,771 | ||||||
| Nippon Light Metal Holdings Co. Ltd. | 4,900 | 83,068 | ||||||
| Osaka Steel Co. Ltd. | 900 | 9,234 | ||||||
| Sanyo Special Steel Co. Ltd.(a) | 1,800 | 26,258 | ||||||
| Toho Titanium Co. Ltd. | 2,700 | 23,193 | ||||||
| Tokyo Steel Manufacturing Co. Ltd. | 7,200 | 72,897 | ||||||
| UACJ Corp.(a) | 2,714 | 57,304 | ||||||
| Yamato Kogyo Co. Ltd. | 3,600 | 116,976 | ||||||
| Yodogawa Steel Works Ltd. | 1,800 | 37,796 | ||||||
| 1,450,665 | ||||||||
| Multiline Retail — 1.6% | ||||||||
| H2O Retailing Corp. | 7,235 | 57,500 | ||||||
| Isetan Mitsukoshi Holdings Ltd. | 27,900 | 198,306 | ||||||
| Izumi Co. Ltd. | 2,700 | 100,224 | ||||||
| J Front Retailing Co. Ltd. | 19,800 | 193,032 | ||||||
| Kintetsu Department Store Co. Ltd.(a) | 900 | 25,227 | ||||||
| Marui Group Co. Ltd. | 15,300 | 289,325 | ||||||
| Matsuya Co. Ltd.(a) | 1,800 | 14,987 | ||||||
| Seria Co. Ltd. | 3,600 | 130,290 | ||||||
| Takashimaya Co. Ltd. | 11,700 | 131,880 | ||||||
| 1,140,771 | ||||||||
| Oil, Gas & Consumable Fuels — 0.7% | ||||||||
| Cosmo Energy Holdings Co. Ltd. | 4,500 | 92,994 | ||||||
| Itochu Enex Co. Ltd. | 4,500 | 41,101 | ||||||
| Iwatani Corp. | 4,000 | 234,601 | ||||||
| Japan Petroleum Exploration Co. Ltd. | 2,700 | 48,331 | ||||||
| Mitsuuroko Group Holdings Co. Ltd. | 2,700 | 29,813 | ||||||
| San-Ai Oil Co. Ltd. | 4,500 | 48,155 | ||||||
| 494,995 | ||||||||
| Paper & Forest Products — 0.4% | ||||||||
| Daiken Corp. | 900 | 15,896 | ||||||
| Daio Paper Corp. | 7,200 | 110,161 | ||||||
| Hokuetsu Corp. | 9,900 | 52,974 | ||||||
| Nippon Paper Industries Co. Ltd. | 8,100 | 94,889 | ||||||
| Tokushu Tokai Paper Co. Ltd. | 900 | 35,391 | ||||||
| 309,311 | ||||||||
| Personal Products — 1.1% | ||||||||
| Euglena Co. Ltd.(a) | 8,100 | 60,553 | ||||||
| Fancl Corp. | 6,300 | 197,248 | ||||||
| Kitanotatsujin Corp. | 5,400 | 23,364 | ||||||
| Mandom Corp. | 2,700 | 47,001 | ||||||
| Milbon Co. Ltd. | 1,800 | 101,840 | ||||||
| Noevir Holdings Co. Ltd. | 900 | 41,284 | ||||||
7
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Personal Products (continued) | ||||||||
| Premier Anti-Aging Co. Ltd.(a) | 400 | $ | 61,017 | |||||
| Rohto Pharmaceutical Co. Ltd. | 8,100 | 198,293 | ||||||
| Shinnihonseiyaku Co. Ltd. | 900 | 16,848 | ||||||
| YA-MAN Ltd. | 2,700 | 36,531 | ||||||
| 783,979 | ||||||||
| Pharmaceuticals — 1.4% | ||||||||
| Daito Pharmaceutical Co. Ltd. | 900 | 26,837 | ||||||
| JCR Pharmaceuticals Co. Ltd. | 4,900 | 148,165 | ||||||
| Kaken Pharmaceutical Co. Ltd. | 2,700 | 111,023 | ||||||
| Kissei Pharmaceutical Co. Ltd. | 1,800 | 34,553 | ||||||
| KYORIN Holdings Inc. | 3,600 | 55,863 | ||||||
| Mochida Pharmaceutical Co. Ltd. | 1,800 | 58,285 | ||||||
| Nichi-Iko Pharmaceutical Co. Ltd. | 4,550 | 36,100 | ||||||
| Sawai Group Holdings Co. Ltd. | 3,600 | 156,268 | ||||||
| Seikagaku Corp. | 2,700 | 28,237 | ||||||
| Sosei Group Corp.(a) | 6,300 | 89,202 | ||||||
| Torii Pharmaceutical Co. Ltd. | 900 | 19,903 | ||||||
| Towa Pharmaceutical Co. Ltd. | 1,800 | 38,656 | ||||||
| Tsumura & Co. | 4,500 | 140,864 | ||||||
| Zeria Pharmaceutical Co. Ltd. | 1,800 | 34,183 | ||||||
| 978,139 | ||||||||
| Professional Services — 2.6% | ||||||||
| Altech Corp. | 980 | 17,355 | ||||||
| BayCurrent Consulting Inc. | 1,100 | 332,757 | ||||||
| Benefit One Inc. | 6,300 | 177,798 | ||||||
| BeNext-Yumeshin Group Co. | 4,916 | 57,184 | ||||||
| en-japan Inc. | 2,700 | 93,774 | ||||||
| Fullcast Holdings Co. Ltd. | 1,800 | 33,589 | ||||||
| Funai Soken Holdings Inc. | 2,700 | 56,833 | ||||||
| Grace Technology Inc. | 1,800 | 31,825 | ||||||
| Insource Co. Ltd. | 1,800 | 35,060 | ||||||
| IR Japan Holdings Ltd. | 700 | 87,585 | ||||||
| JAC Recruitment Co. Ltd. | 900 | 14,597 | ||||||
| Link And Motivation Inc. | 2,700 | 13,521 | ||||||
| Makuake Inc.(a) | 400 | 22,026 | ||||||
| Meitec Corp. | 1,800 | 99,750 | ||||||
| Nomura Co. Ltd. | 6,300 | 50,615 | ||||||
| Outsourcing Inc. | 9,000 | 164,407 | ||||||
| Pasona Group Inc. | 1,800 | 30,958 | ||||||
| SMS Co. Ltd. | 5,400 | 143,232 | ||||||
| S-Pool Inc. | 5,400 | 41,932 | ||||||
| TechnoPro Holdings Inc. | 3,200 | 227,661 | ||||||
| UT Group Co. Ltd. | 1,800 | 48,353 | ||||||
| WDB Holdings Co. Ltd. | 900 | 20,812 | ||||||
| World Holdings Co. Ltd. | 900 | 21,211 | ||||||
| 1,822,835 | ||||||||
| Real Estate Management & Development — 2.1% | ||||||||
| Aeon Mall Co. Ltd. | 8,100 | 130,631 | ||||||
| Daibiru Corp. | 3,600 | 40,766 | ||||||
| Goldcrest Co. Ltd. | 900 | 14,184 | ||||||
| Heiwa Real Estate Co. Ltd. | 2,700 | 101,310 | ||||||
| Ichigo Inc. | 20,700 | 65,525 | ||||||
| Katitas Co. Ltd. | 4,500 | 124,693 | ||||||
| Keihanshin Building Co. Ltd. | 2,700 | 33,269 | ||||||
| Leopalace21 Corp.(a) | 16,200 | 19,848 | ||||||
| Relo Group Inc. | 9,000 | 181,555 | ||||||
| SAMTY Co. Ltd. | 1,800 | 31,520 | ||||||
| SRE Holdings Corp.(a) | 900 | 45,351 | ||||||
| Starts Corp. Inc. | 2,700 | 66,955 | ||||||
| Security | Shares | Value | ||||||
| Real Estate Management & Development (continued) | ||||||||
| Sun Frontier Fudousan Co. Ltd. | 1,800 | $ | 15,050 | |||||
| Takara Leben Co. Ltd. | 7,200 | 22,400 | ||||||
| TKP Corp.(a) | 900 | 20,738 | ||||||
| TOC Co. Ltd. | 2,700 | 17,269 | ||||||
| Tokyo Tatemono Co. Ltd. | 15,300 | 225,401 | ||||||
| Tokyu Fudosan Holdings Corp. | 49,500 | 291,301 | ||||||
| Tosei Corp. | 1,800 | 16,986 | ||||||
| 1,464,752 | ||||||||
| Road & Rail — 3.2% | ||||||||
| Fukuyama Transporting Co. Ltd. | 2,700 | 99,359 | ||||||
| Hamakyorex Co. Ltd. | 900 | 24,753 | ||||||
| Hitachi Transport System Ltd. | 2,700 | 85,515 | ||||||
| Keikyu Corp. | 18,000 | 230,682 | ||||||
| Kyushu Railway Co. | 10,800 | 244,764 | ||||||
| Maruzen Showa Unyu Co. Ltd. | 900 | 28,788 | ||||||
| Nagoya Railroad Co. Ltd.(a) | 15,300 | 291,845 | ||||||
| Nankai Electric Railway Co. Ltd. | 8,100 | 172,279 | ||||||
| Nikkon Holdings Co. Ltd. | 4,500 | 95,120 | ||||||
| Nishi-Nippon Railroad Co. Ltd. | 4,500 | 111,241 | ||||||
| Sakai Moving Service Co. Ltd. | 900 | 45,592 | ||||||
| Sankyu Inc. | 4,500 | 193,841 | ||||||
| Seibu Holdings Inc.(a) | 18,000 | 206,595 | ||||||
| Seino Holdings Co. Ltd. | 9,900 | 138,341 | ||||||
| Senko Group Holdings Co. Ltd. | 9,000 | 82,316 | ||||||
| Sotetsu Holdings Inc. | 6,300 | 121,495 | ||||||
| Tonami Holdings Co. Ltd. | 900 | 40,630 | ||||||
| Trancom Co. Ltd. | 900 | 68,728 | ||||||
| 2,281,884 | ||||||||
| Semiconductors & Semiconductor Equipment — 1.9% | ||||||||
| Ferrotec Holdings Corp. | 2,700 | 64,900 | ||||||
| Japan Material Co. Ltd. | 4,500 | 51,341 | ||||||
| Megachips Corp. | 900 | 26,768 | ||||||
| Micronics Japan Co. Ltd. | 1,800 | 25,236 | ||||||
| Mimasu Semiconductor Industry Co. Ltd. | 900 | 20,902 | ||||||
| Mitsui High-Tec Inc. | 1,800 | 67,198 | ||||||
| Optorun Co. Ltd. | 1,800 | 44,241 | ||||||
| Rorze Corp. | 900 | 80,629 | ||||||
| RS Technologies Co. Ltd. | 900 | 43,452 | ||||||
| Sanken Electric Co. Ltd.(a) | 1,800 | 87,083 | ||||||
| SCREEN Holdings Co. Ltd. | 3,408 | 320,959 | ||||||
| Shinko Electric Industries Co. Ltd. | 5,400 | 174,300 | ||||||
| Tokyo Seimitsu Co. Ltd. | 2,700 | 132,988 | ||||||
| Tri Chemical Laboratories Inc. | 2,200 | 68,413 | ||||||
| Ulvac Inc. | 3,600 | 167,907 | ||||||
| 1,376,317 | ||||||||
| Software — 1.9% | ||||||||
| AI inside Inc.(a) | 100 | 15,033 | ||||||
| Alpha Systems Inc. | 900 | 29,458 | ||||||
| Broadleaf Co. Ltd. | 7,200 | 34,251 | ||||||
| Chatwork Co. Ltd.(a) | 900 | 8,603 | ||||||
| Computer Engineering & Consulting Ltd. | 1,800 | 22,692 | ||||||
| Cybozu Inc. | 1,800 | 39,743 | ||||||
| Digital Arts Inc. | 900 | 65,678 | ||||||
| Ebase Co. Ltd. | 1,800 | 14,171 | ||||||
| Freee KK(a) | 2,700 | 202,025 | ||||||
| Fuji Soft Inc. | 1,800 | 89,546 | ||||||
| Fukui Computer Holdings Inc. | 900 | 35,274 | ||||||
| Justsystems Corp. | 2,700 | 144,377 | ||||||
| Miroku Jyoho Service Co. Ltd. | 1,800 | 26,124 | ||||||
8
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Software (continued) | ||||||||
| Money Forward Inc.(a) | 2,700 | $ | 134,257 | |||||
| OBIC Business Consultants Co. Ltd. | 1,800 | 97,735 | ||||||
| Optim Corp.(a) | 900 | 19,937 | ||||||
| PKSHA Technology Inc.(a) | 900 | 20,051 | ||||||
| Plaid Inc.(a) | 900 | 26,598 | ||||||
| Rakus Co. Ltd. | 6,300 | 115,558 | ||||||
| Sansan Inc.(a) | 1,600 | 119,888 | ||||||
| Sourcenext Corp. | 7,200 | 19,177 | ||||||
| Systena Corp. | 5,400 | 94,581 | ||||||
| 1,374,757 | ||||||||
| Specialty Retail — 2.2% | ||||||||
| Adastria Co. Ltd. | 1,800 | 30,816 | ||||||
| Alpen Co. Ltd. | 900 | 21,979 | ||||||
| AOKI Holdings Inc. | 2,700 | 15,615 | ||||||
| Arcland Sakamoto Co. Ltd. | 1,800 | 23,951 | ||||||
| Autobacs Seven Co. Ltd. | 5,400 | 71,632 | ||||||
| Bic Camera Inc. | 8,100 | 79,531 | ||||||
| DCM Holdings Co. Ltd. | 9,900 | 91,770 | ||||||
| EDION Corp. | 6,300 | 61,956 | ||||||
| Geo Holdings Corp. | 2,700 | 27,112 | ||||||
| IDOM Inc. | 4,500 | 24,703 | ||||||
| JINS Holdings Inc. | 900 | 65,404 | ||||||
| Joshin Denki Co. Ltd. | 1,800 | 43,038 | ||||||
| Joyful Honda Co. Ltd. | 4,500 | 53,408 | ||||||
| Keiyo Co. Ltd. | 2,700 | 17,908 | ||||||
| Kohnan Shoji Co. Ltd. | 1,800 | 48,997 | ||||||
| Kojima Co. Ltd. | 2,700 | 19,617 | ||||||
| Komeri Co. Ltd. | 2,700 | 63,434 | ||||||
| K’s Holdings Corp. | 14,400 | 170,174 | ||||||
| Nafco Co. Ltd. | 900 | 15,801 | ||||||
| Nextage Co. Ltd. | 3,600 | 52,418 | ||||||
| Nishimatsuya Chain Co. Ltd. | 2,700 | 37,547 | ||||||
| Nojima Corp. | 2,700 | 73,688 | ||||||
| PAL GROUP Holdings Co. Ltd. | 1,800 | 26,012 | ||||||
| Sanrio Co. Ltd.(a) | 3,600 | 59,167 | ||||||
| Shimamura Co. Ltd. | 1,800 | 170,504 | ||||||
| T-Gaia Corp. | 1,800 | 30,488 | ||||||
| United Arrows Ltd.(a) | 1,800 | 30,240 | ||||||
| VT Holdings Co. Ltd. | 6,300 | 26,486 | ||||||
| World Co. Ltd.(a) | 1,800 | 22,532 | ||||||
| Xebio Holdings Co. Ltd. | 1,800 | 15,384 | ||||||
| Yellow Hat Ltd. | 2,700 | 47,335 | ||||||
| 1,538,647 | ||||||||
| Technology Hardware, Storage & Peripherals — 0.8% | ||||||||
| Eizo Corp. | 900 | 38,409 | ||||||
| Elecom Co. Ltd. | 3,600 | 68,308 | ||||||
| Konica Minolta Inc. | 36,900 | 199,681 | ||||||
| Maxell Holdings Ltd.(a) | 3,600 | 40,508 | ||||||
| MCJ Co. Ltd. | 5,400 | 54,326 | ||||||
| Riso Kagaku Corp. | 1,800 | 28,267 | ||||||
| Sun Corp. | 900 | 30,277 | ||||||
| Toshiba TEC Corp. | 1,800 | 69,091 | ||||||
| Wacom Co. Ltd. | 11,700 | 70,669 | ||||||
| 599,536 | ||||||||
| Textiles, Apparel & Luxury Goods — 1.1% | ||||||||
| Asics Corp. | 12,600 | 299,187 | ||||||
| Descente Ltd.(a) | 2,700 | 46,543 | ||||||
| Fujibo Holdings Inc. | 900 | 32,927 | ||||||
| Goldwin Inc. | 1,800 | 98,923 | ||||||
| Security | Shares | Value | ||||||
| Textiles, Apparel & Luxury Goods (continued) | ||||||||
| Gunze Ltd. | 900 | $ | 35,652 | |||||
| Japan Wool Textile Co. Ltd. (The) | 3,600 | 30,865 | ||||||
| Onward Holdings Co. Ltd. | 8,100 | 21,881 | ||||||
| Seiko Holdings Corp. | 2,400 | 46,428 | ||||||
| Seiren Co. Ltd. | 3,600 | 66,318 | ||||||
| Wacoal Holdings Corp. | 3,600 | 81,599 | ||||||
| Yondoshi Holdings Inc. | 900 | 15,087 | ||||||
| 775,410 | ||||||||
| Thrifts & Mortgage Finance — 0.0% | ||||||||
| Aruhi Corp. | 2,700 | 38,436 | ||||||
| Trading Companies & Distributors — 1.6% | ||||||||
| Advan Co. Ltd. | 900 | 7,671 | ||||||
| Daiichi Jitsugyo Co. Ltd. | 900 | 34,990 | ||||||
| Hanwa Co. Ltd. | 2,700 | 75,553 | ||||||
| Inaba Denki Sangyo Co. Ltd. | 3,600 | 83,471 | ||||||
| Inabata & Co. Ltd. | 3,600 | 55,841 | ||||||
| Japan Pulp & Paper Co. Ltd. | 900 | 28,983 | ||||||
| Kamei Corp. | 1,800 | 18,847 | ||||||
| Kanamoto Co. Ltd. | 2,700 | 65,531 | ||||||
| Kanematsu Corp. | 6,300 | 83,595 | ||||||
| Nagase & Co. Ltd. | 8,100 | 117,943 | ||||||
| Nichiden Corp. | 900 | 16,271 | ||||||
| Nippon Steel Trading Corp. | 944 | 36,775 | ||||||
| Nishio Rent All Co. Ltd. | 1,800 | 52,694 | ||||||
| Sojitz Corp. | 97,200 | 297,643 | ||||||
| Trusco Nakayama Corp. | 3,600 | 90,023 | ||||||
| Wakita & Co. Ltd. | 2,700 | 27,268 | ||||||
| Yamazen Corp. | 4,500 | 39,353 | ||||||
| Yuasa Trading Co. Ltd. | 900 | 24,550 | ||||||
| 1,157,002 | ||||||||
| Transportation Infrastructure — 0.8% | ||||||||
| Japan Airport Terminal Co. Ltd.(a) | 4,500 | 198,982 | ||||||
| Kamigumi Co. Ltd. | 8,100 | 159,435 | ||||||
| Mitsubishi Logistics Corp. | 4,500 | 134,689 | ||||||
| Sumitomo Warehouse Co. Ltd. (The) | 4,500 | 60,006 | ||||||
| 553,112 | ||||||||
| Wireless Telecommunication Services — 0.1% | ||||||||
| Okinawa Cellular Telephone Co. | 900 | 40,944 | ||||||
| Total Common Stocks — 99.1% | ||||||||
| (Cost: $78,366,274) | 70,581,296 | |||||||
| Short-Term Investments | ||||||||
| Money Market Funds — 0.0% | ||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(c) | 30,000 | 30,000 | ||||||
| Total Short-Term Investments — 0.0% | ||||||||
| (Cost: $30,000) | 30,000 | |||||||
| Total Investments in Securities — 99.1% | ||||||||
| (Cost: $78,396,274) | 70,611,296 | |||||||
| Other Assets, Less Liabilities — 0.9% | 615,167 | |||||||
| Net Assets—100.0% | $ | 71,226,463 | ||||||
| (a) | Non-income producing security. |
| (b) | Affiliate of the Fund. |
| (c) | Annualized 7-day yield as of period-end. |
9
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan Small-Cap 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(a) | $ | 44,412 | $ | — | $ | (44,384 | )(b) | $ | (28 | ) | $ | — | $ | — | — | $ | 345 | (c) | $ | — | |||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 30,000 | 0 | (b) | — | — | — | 30,000 | 30,000 | 12 | — | |||||||||||||||||||||||||
| $ | (28 | ) | $ | — | $ | 30,000 | $ | 357 | $ | — | |||||||||||||||||||||||||
| (a) | As of period end, the entity is no longer held. |
| (b) | Represents net amount purchased (sold). |
| (c) | 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 | ||||||||||||||
| Mini TOPIX Index. | 36 | 06/10/21 | $ | 632 | $ | (5,212 | ) | |||||||
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 | $ | 74,033 | $ | 70,507,263 | $ | — | $ | 70,581,296 | ||||||||
| Money Market Funds | 30,000 | — | — | 30,000 | ||||||||||||
| $ | 104,033 | $ | 70,507,263 | $ | — | $ | 70,611,296 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Liabilities | ||||||||||||||||
| Futures Contracts | $ | (5,212 | ) | $ | — | $ | — | $ | (5,212 | ) |
| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
10