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

Security	Shares		Value
Common Stocks
Banks — 7.4%
Banco de Bogota SA		2,287	$	43,174
Bancolombia SA		347,333		2,529,124
Grupo Aval Acciones y Valores SA		144,144		40,429
				2,612,727
Building Products — 5.2%
Tecnoglass Inc.		83,487		1,835,879
Capital Markets — 1.7%
Bolsa de Valores de Colombia		194,912		599,244
Construction & Engineering — 1.0%
Construcciones El Condor SA		643,976		173,672
Constructora Conconcreto SA(a)		1,706,010		174,834
				348,506
Construction Materials — 3.4%
Cementos Argos SA		288,284		394,175
CEMEX Latam Holdings SA(a)		155,915		155,578
Grupo Argos SA		238,414		649,402
				1,199,155
Diversified Financial Services — 5.0%
Corp. Financiera Colombiana SA(a)		52,092		396,590
Grupo de Inversiones Suramericana SA		249,230		1,345,627
				1,742,217
Electric Utilities — 13.2%
Celsia SA ESP		231,096		260,263
Enel Americas SA		7,976,872		1,101,018
Interconexion Electrica SA ESP		610,255		3,294,850
				4,656,131
Food Products — 4.4%
Grupo Nutresa SA		267,239		1,556,732
Gas Utilities — 4.2%
Grupo Energia Bogota SA ESP		2,287,378		1,436,706
Promigas SA ESP		23,428		41,700
				1,478,406
Metals & Mining — 1.7%
Mineros SA		536,475		591,164
Oil, Gas & Consumable Fuels — 23.4%
Canacol Energy Ltd.		578,701		1,599,985
Ecopetrol SA		6,984,362		4,125,068
Empresas COPEC SA		107,949		1,089,175
Parex Resources Inc.(a)		79,659		1,392,656
				8,206,884

Security	Shares		Value
Specialty Retail — 1.1%
Organizacion Terpel SA(a)		198,300	$	393,070
Wireless Telecommunication Services — 3.8%
Millicom International Cellular SA, SDR(a)		29,678		1,326,566
Total Common Stocks — 75.5%
(Cost: $24,521,166)				26,546,681

Preferred Stocks

Banks — 20.5%
Banco Davivienda SA, Preference Shares, NVS	194,387	1,520,287
Bancolombia SA, Preference Shares, NVS	629,833	4,688,077
Grupo Aval Acciones y Valores SA, Preference Shares, NVS	3,454,317	1,004,249
		7,212,613
Construction Materials — 0.6%
Cementos Argos SA, Preference Shares, NVS	43,930	43,729
Grupo Argos SA/Colombia, Preference Shares, NVS	75,299	162,457
		206,186
Diversified Financial Services — 1.0%
Corp. Financiera Colombiana SA, Preference Shares, NVS	6,672	41,493
Grupo de Inversiones Suramericana SA, Preference Shares, NVS	63,062	299,323
		340,816
Total Preferred Stocks — 22.1%
(Cost: $7,653,050)		7,759,615

Short-Term Investments

Money Market Funds — 0.4%
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(c)	130,000		130,000
Total Short-Term Investments — 0.4%
(Cost: $130,000)			130,000
Total Investments in Securities — 98.0%
(Cost: $32,304,216)			34,436,296
Other Assets, Less Liabilities — 2.0%			689,663
Net Assets — 100.0%		$	35,125,959

(a)	Non-income producing security.
(b)	Affiliate of the Fund.
(c)	Annualized 7-day yield as of period-end.

1

Schedule of Investments (unaudited) (continued)	iShares® MSCI Colombia 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:

																					Capital
																					Gain
												Change in									Distributions
												Unrealized				Shares					from
	Value at		Purchases			Proceeds			Net Realized			Appreciation		Value at		Held at					Underlying
Affiliated Issuer	08/31/20		at Cost			from Sales			Gain (Loss)			(Depreciation)		05/31/21		05/31/21		Income			Funds
BlackRock Cash Funds: Institutional, SL Agency Shares(a)	$	56,085	$	—		$	(56,069	)(b)	$	(22	)	$	6	$	—		—	$	38	(c)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		—		130,000	(b)		—			—			—		130,000		130,000		4			—
									$	(22	)	$	6	$	130,000			$	42		$	—

^(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 

							Value/
					Notional		Unrealized
	Number of		Expiration		Amount		Appreciation
Description		Contracts		Date		(000)		(Depreciation)
Long Contracts
MSCI Emerging Markets E-Mini Index		12		06/18/21	$	817	$	(4,359	)

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	$	25,220,115		$	1,326,566	$	—	$	26,546,681
Preferred Stocks		7,759,615			—		—		7,759,615
Money Market Funds		130,000			—		—		130,000
	$	33,109,730		$	1,326,566	$	—	$	34,436,296
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	(4,359	)	$	—	$	—	$	(4,359	)

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

Portfolio Abbreviations - Equity

NVS                     Non-Voting Shares 

SDR                     Swedish Depositary Receipt

2