| Schedule of Investments (unaudited) | iShares® MSCI Austria ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Aerospace & Defense — 0.9% | ||||||||
| FACC AG(a)(b) | 63,045 | $ | 718,621 | |||||
| Air Freight & Logistics — 3.2% | ||||||||
| Oesterreichische Post AG(b) | 50,694 | 2,622,887 | ||||||
| Banks — 25.6% | ||||||||
| BAWAG Group AG(c) | 64,683 | 3,568,939 | ||||||
| Erste Group Bank AG | 339,949 | 13,924,052 | ||||||
| Raiffeisen Bank International AG | 152,391 | 3,613,114 | ||||||
| 21,106,105 | ||||||||
| Chemicals — 3.2% | ||||||||
| Lenzing AG(a) | 19,566 | 2,647,643 | ||||||
| Commercial Services & Supplies — 1.5% | ||||||||
| DO & CO AG(a)(b) | 13,510 | 1,213,211 | ||||||
| Construction & Engineering — 0.9% | ||||||||
| Porr AG(a)(b) | 34,219 | 700,638 | ||||||
| Construction Materials — 4.5% | ||||||||
| Wienerberger AG | 95,706 | 3,681,308 | ||||||
| Diversified Telecommunication Services — 2.7% | ||||||||
| Telekom Austria AG | 255,565 | 2,234,521 | ||||||
| Electric Utilities — 10.7% | ||||||||
| EVN AG | 61,661 | 1,494,401 | ||||||
| Verbund AG | 80,581 | 7,363,336 | ||||||
| 8,857,737 | ||||||||
| Electrical Equipment — 0.9% | ||||||||
| Zumtobel Group AG | 78,192 | 781,880 | ||||||
| Electronic Equipment, Instruments & Components — 2.0% | ||||||||
| AT&S Austria Technologie & Systemtechnik AG | 44,054 | 1,624,288 | ||||||
| Energy Equipment & Services — 1.2% | ||||||||
| Schoeller-Bleckmann Oilfield Equipment AG(a) | 23,086 | 1,022,842 | ||||||
| Food Products — 0.9% | ||||||||
| Agrana Beteiligungs AG | 32,920 | 781,208 | ||||||
| Insurance — 4.3% | ||||||||
| UNIQA Insurance Group AG | 201,234 | 1,819,389 | ||||||
| Vienna Insurance Group AG Wiener Versicherung Gruppe | 62,318 | 1,759,253 | ||||||
| 3,578,642 | ||||||||
| Security | Shares | Value | ||||||
| Machinery — 7.4% | ||||||||
| ANDRITZ AG | 64,599 | $ | 3,705,927 | |||||
| Palfinger AG | 27,625 | 1,280,117 | ||||||
| Semperit AG Holding | 24,605 | 1,090,666 | ||||||
| 6,076,710 | ||||||||
| Metals & Mining — 6.8% | ||||||||
| voestalpine AG | 124,243 | 5,589,094 | ||||||
| Oil, Gas & Consumable Fuels — 12.3% | ||||||||
| OMV AG | 177,156 | 10,105,767 | ||||||
| Real Estate Management & Development — 9.9% | ||||||||
| CA Immobilien Anlagen AG | 82,220 | 3,567,161 | ||||||
| IMMOFINANZ AG(a) | 123,774 | 2,764,244 | ||||||
| S IMMO AG | 70,744 | 1,871,409 | ||||||
| 8,202,814 | ||||||||
| Total Common Stocks — 98.9% | ||||||||
| (Cost: $77,112,813) | 81,545,916 | |||||||
| Short-Term Investments | ||||||||
| Money Market Funds — 4.5% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(d)(e)(f) | 3,622,018 | 3,624,191 | ||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e) | 60,000 | 60,000 | ||||||
| 3,684,191 | ||||||||
| Total Short-Term Investments — 4.5% | ||||||||
| (Cost: $3,683,526) | 3,684,191 | |||||||
| Total Investments in Securities — 103.4% | ||||||||
| (Cost: $80,796,339) | 85,230,107 | |||||||
| Other Assets, Less Liabilities — (3.4)% | (2,784,358 | ) | ||||||
| Net Assets — 100.0% | $ | 82,445,749 | ||||||
| (a) | Non-income producing security. |
| (b) | All or a portion of this security is on loan. |
| (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) | 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 Austria 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 | $ | 2,925,304 | $ | 700,023 | (a) | $ | — | $ | (1,864 | ) | $ | 728 | $ | 3,624,191 | 3,622,018 | $ | 104,568 | (b) | $ | — | ||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 10,000 | 50,000 | (a) | — | — | — | 60,000 | 60,000 | 6 | — | ||||||||||||||||||||||||||
| $ | (1,864 | ) | $ | 728 | $ | 3,684,191 | $ | 104,574 | $ | — | ||||||||||||||||||||||||||
| (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 | 18 | 06/18/21 | $ | 886 | $ | 14,533 | ||||||||
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 | $ | 7,927,645 | $ | 73,618,271 | $ | — | $ | 81,545,916 | ||||||||
| Money Market Funds | 3,684,191 | — | — | 3,684,191 | ||||||||||||
| $ | 11,611,836 | $ | 73,618,271 | $ | — | $ | 85,230,107 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Futures Contracts | $ | 14,533 | $ | — | $ | — | $ | 14,533 | ||||||||
| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
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