Schedule of Investments (unaudited)	iShares® MSCI Israel ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Shares			Value
Common Stocks
Aerospace & Defense — 1.9%
Elbit Systems Ltd.		22,765		$	2,965,411
Banks — 17.8%
Bank Hapoalim BM(a)		974,893			8,268,190
Bank Leumi Le-Israel BM(a)		1,247,382			9,752,765
FIBI Holdings Ltd.(a)		15,257			565,012
First International Bank of Israel Ltd.(a)		47,619			1,517,002
Israel Discount Bank Ltd., Class A(a)		999,366			4,965,833
Mizrahi Tefahot Bank Ltd.(a)		120,440			3,584,872
					28,653,674
Biotechnology — 0.2%
UroGen Pharma Ltd.(a)		16,569			291,946
Building Products — 0.2%
Caesarstone Ltd.		20,747			342,325
Capital Markets — 0.4%
Altshuler Shaham Provident Funds & Pension Ltd.		49,494			348,938
Electreon Wireless Ltd.(a)		3,739			317,431
					666,369
Chemicals — 3.4%
ICL Group Ltd.		604,773			4,366,088
Israel Corp. Ltd. (The)(a)		3,313			1,032,313
					5,398,401
Communications Equipment — 1.5%
AudioCodes Ltd.		22,735			732,323
Gilat Satellite Networks Ltd.		26,301			260,602
Ituran Location and Control Ltd.		16,164			391,331
Radware Ltd.(a)		35,757			1,044,104
					2,428,360
Construction & Engineering — 2.9%
Ashtrom Group Ltd.		34,661			817,406
Elco Ltd.(b)		8,244			474,735
Electra Ltd./Israel		1,771			1,011,203
Shapir Engineering and Industry Ltd.		122,777			947,501
Shikun & Binui Ltd.(a)		201,960			1,341,531
					4,592,376
Consumer Finance — 0.4%
Isracard Ltd.(a)		171,427			687,265
Distributors — 0.2%
Tadiran Holdings Ltd.		2,568			324,456
Diversified Telecommunication Services — 1.3%
Bezeq The Israeli Telecommunication Corp. Ltd.(a)		1,777,982			2,001,157
Equity Real Estate Investment Trusts (REITs) — 0.5%
REIT 1 Ltd.		153,837			838,012
Food & Staples Retailing — 1.6%
M Yochananof & Sons Ltd.		2,731			169,162
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		7,707			503,113
Shufersal Ltd.		228,288			1,934,861
					2,607,136
Food Products — 0.8%
Mehadrin Ltd.(a)		0	(c)		28
Strauss Group Ltd.		44,979			1,298,196
					1,298,224

Security	Shares		Value
Health Care Equipment & Supplies — 1.6%
Inmode Ltd.(a)(b)		21,270	$	1,815,607
Nano-X Imaging Ltd.(a)(b)		28,545		713,625
				2,529,232
Hotels, Restaurants & Leisure — 0.6%
Fattal Holdings 1998 Ltd.(a)		5,323		581,987
NEOGAMES SA(a)		5,376		344,602
				926,589
Household Durables — 1.0%
Azorim-Investment Development & Construction Co. Ltd.(a)		72,554		293,224
Electra Consumer Products 1970 Ltd.		9,464		506,081
Maytronics Ltd.		37,289		724,326
				1,523,631
Independent Power and Renewable Electricity Producers — 2.6%
Doral Group Renewable Energy Resources Ltd.(a)(b)		49,550		224,136
Energix-Renewable Energies Ltd.		187,076		730,648
Enlight Renewable Energy Ltd.(a)(b)		789,800		1,677,758
Kenon Holdings Ltd./Singapore.		20,868		748,666
OPC Energy Ltd.(a)(b)		72,365		761,974
				4,143,182
Industrial Conglomerates — 0.2%
Arad Investment & Industrial Development Ltd.		2,789		317,573
Insurance — 2.8%
Clal Insurance Enterprises Holdings Ltd.(a)		51,981		1,077,217
Harel Insurance Investments & Financial Services Ltd.		101,484		1,032,619
IDI Insurance Co. Ltd.		6,947		270,078
Menora Mivtachim Holdings Ltd.		21,783		469,452
Migdal Insurance & Financial Holdings Ltd.(a)		317,486		456,939
Phoenix Holdings Ltd. (The)		131,512		1,217,260
				4,523,565
Internet & Direct Marketing Retail — 2.9%
Fiverr International Ltd.(a)(b)		23,040		4,730,342
IT Services — 9.0%
Formula Systems 1985 Ltd.		7,898		703,620
Malam - Team Ltd.		6,596		215,159
Matrix IT Ltd.		29,415		736,909
One Software Technologies Ltd.		3,386		458,624
Wix.com Ltd.(a)		47,743		12,406,496
				14,520,808
Life Sciences Tools & Services — 0.3%
Compugen Ltd.(a)(b)		71,315		547,699
Machinery — 2.4%
Kornit Digital Ltd.(a)		37,436		3,900,831
Oil, Gas & Consumable Fuels — 1.5%
Delek Group Ltd.(a)(b)		7,399		394,295
Equital Ltd.(a)		17,199		484,408
Naphtha Israel Petroleum Corp. Ltd.(a)(b)		28,075		132,749
Oil Refineries Ltd.(a)		1,517,543		419,809
Paz Oil Co. Ltd.		8,212		1,046,566
				2,477,827
Pharmaceuticals — 6.5%
Taro Pharmaceutical Industries Ltd.(a)		8,232		584,637
Teva Pharmaceutical Industries Ltd., ADR(a)(b)		940,750		9,783,800
				10,368,437

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Israel ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Shares		Value
Professional Services — 0.5%
Danel Adir Yeoshua Ltd.		4,398	$	856,037
Real Estate Management & Development — 10.0%
AFI Properties Ltd.(a)		9,303		415,850
Airport City Ltd.(a)		59,135		1,059,117
Alony Hetz Properties & Investments Ltd.		125,902		1,857,851
Amot Investments Ltd.		175,275		1,212,194
Azrieli Group Ltd.		36,422		2,775,697
Bayside Land Corp. Ltd.		119,588		1,127,490
Big Shopping Centers Ltd.(a)		8,537		1,068,542
Blue Square Real Estate Ltd.		4,653		333,585
Brack Capital Properties NV(a)		2,261		230,934
Gazit-Globe Ltd.		58,627		444,657
Israel Canada T.R Ltd.		94,561		400,895
Isras Investment Co. Ltd.		1,379		315,271
Mega Or Holdings Ltd.		20,336		700,029
Melisron Ltd.(a)(b)		18,255		1,257,683
Mivne Real Estate KD Ltd.		528,510		1,596,043
Prashkovsky Investments and Construction Ltd.		5,999		196,506
Property & Building Corp. Ltd.		1,626		195,032
Summit Real Estate Holdings Ltd.(a)		31,777		505,247
YH Dimri Construction & Development Ltd.		6,441		369,351
				16,061,974
Semiconductors & Semiconductor Equipment — 3.6%
Camtek Ltd./Israel(a)		24,209		885,845
Nova Measuring Instruments Ltd.(a)		24,170		2,454,724
Tower Semiconductor Ltd.(a)		87,413		2,434,126
				5,774,695
Software — 18.9%
Check Point Software Technologies Ltd.(a)		96,236		11,257,687
Cognyte Software Ltd.(a)(b)		56,285		1,448,776
CyberArk Software Ltd.(a)		33,273		4,210,366
Hilan Ltd.		12,612		620,733
Magic Software Enterprises Ltd.		23,213		377,813
Nice Ltd.(a)		53,859		11,682,798
Sapiens International Corp. NV		25,468		749,315
				30,347,488
Specialty Retail — 0.8%
Arko Corp.(a)		1		7

Security	Shares		Value
Specialty Retail (continued)
Delek Automotive Systems Ltd.(b)		44,120	$	593,126
Fox Wizel Ltd.		6,420		743,260
				1,336,393
Technology Hardware, Storage & Peripherals — 0.9%
Nano Dimension Ltd., ADR(a)		213,042		1,512,598
Textiles, Apparel & Luxury Goods — 0.2%
Delta-Galil Industries Ltd.(b)		7,688		274,923
Wireless Telecommunication Services — 0.5%
Cellcom Israel Ltd.(a)		77,056		311,298
Partner Communications Co. Ltd.(a)		118,597		556,597
				867,895
Total Common Stocks — 99.9%
(Cost: $153,062,357)				160,636,831
Short-Term Investments
Money Market Funds — 7.9%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(d)(e)(f)		12,661,393		12,668,990
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e)		90,000		90,000
				12,758,990
Total Short-Term Investments — 7.9%
(Cost: $12,756,938)				12,758,990
Total Investments in Securities — 107.8%
(Cost: $165,819,295)				173,395,821
Other Assets, Less Liabilities — (7.8)%.				(12,578,333	)
NetAssets — 100.0%			$	160,817,488

^(a) Non-income producing security.

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

^(c) Rounds to less than 1.

^(d) Affiliate of the Fund.

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

^(f) 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 Israel 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	$	3,214,776	$	9,457,459	(a)	$	—	$	(3,731	)	$	486	$	12,668,990		12,661,393	$	80,808	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		46,000		44,000	(a)		—		—			—		90,000		90,000		32			—
								$	(3,731	)	$	486	$	12,758,990			$	80,840		$	—

^(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
Euro STOXX 50 Index		3	06/18/21	$	148	$	(5	)

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.	$	55,326,807		$	105,310,024	$	—	$	160,636,831
Money Market Funds		12,758,990			—		—		12,758,990
	$	68,085,797		$	105,310,024	$	—	$	173,395,821
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	(5	)	$	—	$	—	$	(5	)

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

Portfolio Abbreviations - Equity

ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

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