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

Security	Shares		Value
Common Stocks
Airlines — 0.2%
Asia Aviation PCL, NVDR(a)(b)		5,808,700	$	490,476
Bangkok Airways PCL, NVDR(a)		1,585,400		369,723
				860,199
Auto Components — 0.7%
Sri Trang Agro-Industry PCL, NVDR		1,992,645		2,754,456
Banks — 4.6%
Bangkok Bank PCL, Foreign		1,235,600		4,567,358
Kasikornbank PCL, NVDR		662,400		2,521,198
Kiatnakin Phatra Bank PCL, NVDR		460,173		839,123
Krung Thai Bank PCL, NVDR		7,525,500		2,624,228
Siam Commercial Bank PCL (The), NVDR		1,830,300		5,998,491
Thanachart Capital PCL, NVDR		635,400		695,890
Tisco Financial Group PCL, NVDR		433,000		1,233,270
				18,479,558
Beverages — 1.5%
Carabao Group PCL, NVDR.		646,800		2,739,953
Osotspa PCL, NVDR(b)		2,596,800		3,071,521
				5,811,474
Building Products — 0.2%
Dynasty Ceramic PCL, NVDR		7,987,640		786,373
Capital Markets — 0.6%
Bangkok Commercial Asset Management PCL, NVDR(b)		3,823,500		2,310,413
Chemicals — 4.5%
Eastern Polymer Group PCL, NVDR		2,115,500		737,816
Indorama Ventures PCL, NVDR(b)		3,633,010		5,308,568
PTT Global Chemical PCL, NVDR		4,860,607		9,823,023
TOA Paint Thailand PCL		1,303,200		1,562,805
Vinythai PCL, NVDR		513,300		628,279
				18,060,491
Construction & Engineering — 0.7%
CH Karnchang PCL, NVDR		2,367,900		1,535,856
Sino-Thai Engineering & Construction PCL, NVDR		2,295,928		1,174,096
				2,709,952
Construction Materials — 6.6%
Siam Cement PCL (The), NVDR		1,681,700		23,568,303
Siam City Cement PCL, NVDR		191,400		1,113,864
Tipco Asphalt PCL, NVDR(b)		1,526,900		953,403
TPI Polene PCL, NVDR		12,464,600		804,860
				26,440,430
Consumer Finance — 3.7%
AEON Thana Sinsap Thailand PCL, NVDR(b)		188,200		1,214,132
JMT Network Services PCL, NVDR		857,100		1,219,721
Krungthai Card PCL, NVDR(b)		1,946,400		4,542,384
Muangthai Capital PCL, NVDR		1,603,300		3,175,778
Ratchthani Leasing PCL, NVDR(b)		4,871,527		654,259
Srisawad Corp. PCL, NVDR(b)		1,630,360		3,919,335
				14,725,609
Containers & Packaging — 1.4%
Polyplex Thailand PCL, NVDR		583,700		499,432
SCG Packaging PCL, NVDR		2,757,300		4,874,034
				5,373,466
Diversified Telecommunication Services — 0.8%
Jasmine International PCL, NVDR(b)		9,239,868		826,528

Security	Shares		Value
Diversified Telecommunication Services (continued)
True Corp. PCL, NVDR(b)		25,116,618	$	2,536,752
				3,363,280
Electronic Equipment, Instruments & Components — 5.1%
Delta Electronics Thailand PCL, NVDR		672,400		12,517,820
Hana Microelectronics PCL, NVDR(b)		1,214,300		2,340,634
Jay Mart PCL, NVDR(b)		894,500		1,135,756
KCE Electronics PCL, NVDR(b)		1,780,300		4,029,527
Synnex Thailand PCL, NVDR		544,300		460,950
				20,484,687
Entertainment — 0.4%
Major Cineplex Group PCL, NVDR(a)(b)		1,154,400		753,286
RS PCL, NVDR(a)		1,045,700		844,278
				1,597,564
Food & Staples Retailing — 6.9%
Berli Jucker PCL, NVDR(b)		2,599,600		2,887,891
CP ALL PCL, NVDR		12,589,200		24,454,878
				27,342,769
Food Products — 3.6%
Charoen Pokphand Foods PCL, NVDR(b)		8,354,800		7,279,565
GFPT PCL, NVDR(b)		1,100,400		376,647
Ichitan Group PCL, NVDR(b)		1,121,200		423,082
Khon Kaen Sugar Industry PCL, NVDR(a)		3,329,778		458,177
R&B Food Supply PCL, NVDR(b)		1,072,100		624,003
Taokaenoi Food & Marketing PCL, Class R, NVDR(b)		1,042,500		249,960
Thai Union Group PCL, NVDR		6,184,200		3,520,593
Thai Vegetable Oil PCL, NVDR		960,353		1,021,929
Thaifoods Group PCL, NVDR(b)		2,423,900		384,372
				14,338,328
Health Care Equipment & Supplies — 0.8%
Sri Trang Gloves Thailand PCL, NVDR(b)		2,161,200		3,025,680
Health Care Providers & Services — 5.7%
Bangkok Chain Hospital PCL, NVDR		2,958,725		1,929,418
Bangkok Dusit Medical Services PCL, NVDR		20,558,300		14,191,665
Bumrungrad Hospital PCL, NVDR		1,028,876		4,340,970
Chularat Hospital PCL, NVDR		10,645,500		1,197,482
Thonburi Healthcare Group PCL, NVDR		1,099,400		896,732
				22,556,267
Hotels, Restaurants & Leisure — 2.9%
Asset World Corp. PCL, NVDR(a)		17,204,800		2,626,562
Central Plaza Hotel PCL, NVDR(a)(b)		871,000		925,369
Minor International PCL, NVDR(a)		6,716,010		6,875,152
MK Restaurants Group PCL, NVDR		693,200		1,181,170
				11,608,253
Independent Power and Renewable Electricity Producers — 7.9%
Absolute Clean Energy PCL.		4,357,300		512,815
B Grimm Power PCL, NVDR		1,685,600		2,386,418
Banpu Power PCL, NVDR(b)		1,642,500		1,003,081
BCPG PCL, NVDR		1,703,550		762,546
CK Power PCL, NVDR		4,370,760		768,035
Electricity Generating PCL, NVDR(b)		568,900		3,183,186
Energy Absolute PCL, NVDR		3,216,800		6,196,700
Global Power Synergy PCL, NVDR		1,522,800		3,553,458
Gulf Energy Development PCL, NVDR(b)		6,324,300		6,828,564
Gunkul Engineering PCL, NVDR		8,675,922		970,896
Ratch Group PCL, NVDR		1,715,100		2,811,377
SPCG PCL, NVDR		942,600		594,082
Super Energy Corp. PCL, NVDR		35,599,350		1,116,338

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

Security	Shares		Value
Independent Power and Renewable Electricity Producers (continued)
TPI Polene Power PCL, NVDR(b)		5,438,300	$	772,307
				31,459,803
Industrial Conglomerates — 0.4%
Thoresen Thai Agencies PCL, NVDR		2,954,000		1,656,151
Insurance — 0.6%
Bangkok Life Assurance PCL, NVDR		1,102,700		1,108,966
TQM Corp. PCL, NVDR(b)		290,300		1,077,493
				2,186,459
Marine — 0.6%
Precious Shipping PCL, NVDR(a)		1,669,200		960,480
Regional Container Lines PCL, NVDR		709,700		1,231,174
				2,191,654
Media — 0.6%
Plan B Media PCL, NVDR(b)		4,198,100		804,738
VGI PCL, NVDR(b)		7,415,800		1,469,832
				2,274,570
Multiline Retail — 1.0%
Central Retail Corp. PCL, NVDR		3,906,034		4,149,512
Oil, Gas & Consumable Fuels — 15.2%
Bangchak Corp. PCL, NVDR(b)		2,220,900		1,811,723
Banpu PCL, NVDR		8,769,600		3,674,139
Esso Thailand PCL, NVDR(a)(b)		2,259,300		610,205
IRPC PCL, NVDR(b)		24,287,000		3,135,908
Prima Marine PCL, NVDR(b)		2,150,600		509,124
PTT Exploration & Production PCL, NVDR		2,995,784		11,345,904
PTT Oil & Retail Business, NVDR		6,468,100		6,204,365
PTT PCL, NVDR		21,554,100		27,211,362
Siamgas & Petrochemicals PCL, NVDR.		1,185,800		435,989
Star Petroleum Refining PCL, NVDR(a)(b)		3,754,600		1,170,610
Thai Oil PCL, NVDR		2,421,300		4,564,484
				60,673,813
Pharmaceuticals — 0.2%
Mega Lifesciences PCL, NVDR		753,400		872,978
Real Estate Management & Development — 6.2%
Amata Corp. PCL, NVDR(b)		1,853,000		1,143,066
AP Thailand PCL, NVDR		5,103,086		1,395,865
Bangkok Land PCL, NVDR(b)		24,371,000		888,643
Central Pattana PCL, NVDR(b)		4,354,300		7,066,681
Land & Houses PCL, NVDR		18,049,400		4,648,419
MBK PCL, NVDR		1,828,500		795,715
Origin Property PCL, NVDR		1,582,500		462,870
Pruksa Holding PCL, NVDR(b)		1,647,300		758,837
Quality Houses PCL, NVDR		16,129,632		1,186,880
Sansiri PCL, NVDR(b)		25,508,137		1,166,589
SC Asset Corp. PCL, NVDR		3,167,204		315,946
Siam Future Development PCL, NVDR		2,292,553		531,694
Singha Estate PCL, NVDR(a)(b)		6,613,000		499,050
Supalai PCL, NVDR		2,765,300		1,883,151
WHA Corp. PCL, NVDR(b)		17,679,640		1,752,194
				24,495,600
Road & Rail — 1.3%
BTS Group Holdings PCL, NVDR(b)		17,037,000		4,986,997
Specialty Retail — 2.8%
Com7 PCL, NVDR(b)		1,161,300		2,634,049
Dohome PCL, NVDR(b)		1,261,310		1,007,525
Home Product Center PCL, NVDR		12,762,273		5,670,943

Security	Shares		Value
Specialty Retail (continued)
PTG Energy PCL, NVDR(b)		1,808,400	$	1,121,754
Singer Thailand PCL, NVDR		578,400		766,531
				11,200,802
Transportation Infrastructure — 5.8%
Airports of Thailand PCL, NVDR.		9,240,200		18,615,166
Bangkok Aviation Fuel Services PCL, NVDR(a)(b)		416,300		332,728
Bangkok Expressway & Metro PCL, NVDR(b)		16,497,953		4,325,816
				23,273,710
Water Utilities — 0.5%
Eastern Water Resources Development and Management PCL, NVDR(b)		1,265,600		396,785
TTW PCL, NVDR(b)		2,993,766		1,130,446
WHA Utilities and Power PCL, NVDR(b)		2,493,700		362,141
				1,889,372
Wireless Telecommunication Services — 5.6%
Advanced Info Service PCL, NVDR		2,564,419		13,820,779
Intouch Holdings PCL, NVDR		4,148,000		8,523,316
				22,344,095
Total Common Stocks — 99.6%
(Cost: $452,897,230)				396,284,765
Warrants
Entertainment — 0.0%
RS PCL, NVDR, NVDR (Expires 05/23/24)(a)		200,760		0	(c)
Food Products — 0.0%
Thaifoods Group PCL, (Expires 05/14/24)(a)		253,080		12,958
Hotels, Restaurants & Leisure — 0.0%
Minor International PCL, (Expires 05/05/23)(a)		239,755		37,440
Minor International PCL, (Expires 02/15/24)(a)		217,278		29,202
				66,642
Real Estate Management & Development — 0.0%
MBK PCL, NVDR (Expires 12/31/24)(a)		83,920		28,466
Total Warrants — 0.0%
(Cost: $0)				108,066
Short-Term Investments
Money Market Funds — 10.2%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(d)(e)(f)		37,753,203		37,775,855
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e)		2,930,000		2,930,000
				40,705,855
Total Short-Term Investments — 10.2%
(Cost: $40,699,048)				40,705,855
Total Investments in Securities — 109.8%
(Cost: $493,596,278)				437,098,686
Other Assets, Less Liabilities — (9.8)%				(39,108,504	)
Net Assets — 100.0%			$	397,990,182

(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.

2

Schedule of Investments (unaudited) (continued)	iShares® MSCI Thailand ETF
May 31, 2021

^(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.

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	$	20,275,791	$	17,514,690	(a)	$	—	$	(14,082	)	$	(544	)	$	37,775,855		37,753,203	$	1,336,217	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,411,000		1,519,000	(a)		—		—			—			2,930,000		2,930,000		395			—
								$	(14,082	)	$	(544	)	$	40,705,855			$	1,336,612		$	—

^(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		21	06/18/21	$	1,429	$	23,951

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	$	5,242,582	$	391,042,183	$	—	$	396,284,765
Warrants		79,600		28,466		—		108,066
Money Market Funds		40,705,855		—		—		40,705,855
	$	46,028,037	$	391,070,649	$	—	$	437,098,686
Derivative financial instruments(a)
Assets
Futures Contracts	$	23,951	$	—	$	—	$	23,951

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

3

Schedule of Investments (unaudited) (continued)	iShares® MSCI Thailand ETF
May 31, 2021

Portfolio Abbreviations - Equity

NVDR Non-Voting Depositary Receipt

4