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

Security	Shares		Value
Common Stocks
Argentina — 0.1%
Globant SA(a)		148,127	$	32,272,429
YPF SA, ADR(a)		684,455		3,216,939
				35,489,368
Brazil — 3.7%
Adecoagro SA(a)		376,868		4,006,107
Ambev SA		17,790,906		61,274,970
Atacadao SA		1,582,815		6,802,973
B2W Cia. Digital(a)		849,846		9,743,135
B3 SA - Brasil, Bolsa, Balcao		23,297,247		78,406,990
Banco Bradesco SA		5,738,157		25,169,190
Banco BTG Pactual SA		1,056,505		25,197,838
Banco do Brasil SA		3,150,703		20,246,185
Banco Inter SA		1,169,781		15,336,864
Banco Santander Brasil SA		1,503,067		11,887,949
BB Seguridade Participacoes SA		2,545,710		11,429,977
BRF SA(a)		2,236,831		11,056,041
CCR SA		4,551,319		12,033,919
Centrais Eletricas Brasileiras SA		1,171,732		9,856,425
Cia. de Saneamento Basico do Estado de  Sao Paulo		1,297,605		9,742,557
Cia. Siderurgica Nacional SA		2,670,886		23,020,550
Cosan SA		3,961,237		17,762,747
CPFL Energia SA		819,686		4,515,453
Energisa SA		662,471		5,906,907
Engie Brasil Energia SA		720,815		5,503,239
Equatorial Energia SA		3,460,907		16,422,325
Hapvida Participacoes e Investimentos SA(b)		4,312,643		13,239,881
Hypera SA		1,450,793		10,132,752
JBS SA		3,948,407		22,917,534
Klabin SA(a)		2,736,692		13,831,277
Localiza Rent a Car SA		2,314,485		27,822,493
Lojas Renner SA		3,221,127		28,925,062
Magazine Luiza SA		11,181,420		43,252,188
Natura & Co. Holding SA(a)		3,442,261		34,048,114
Notre Dame Intermedica Participacoes SA		1,963,947		33,308,378
Petrobras Distribuidora SA		2,984,386		14,773,905
Petroleo Brasileiro SA		13,993,252		71,554,419
Raia Drogasil SA		4,147,323		22,424,844
Rede D’Or Sao Luiz SA(b)		900,205		12,128,940
Rumo SA(a)		4,861,253		19,280,100
Sul America SA		1		5
Suzano SA(a)		2,846,408		33,168,133
Telefonica Brasil SA		1,813,901		15,383,545
TIM SA		3,282,412		7,664,861
TOTVS SA		1,813,687		11,995,662
Ultrapar Participacoes SA		2,781,042		10,298,772
Vale SA		14,975,844		329,820,860
Via Varejo SA(a)		4,890,020		12,178,840
WEG SA		6,379,442		41,801,705
				1,215,274,611
Chile — 0.4%
Banco de Chile		169,770,986		17,504,338
Banco de Credito e Inversiones SA		200,461		9,573,431
Banco Santander Chile		246,887,116		13,613,720
Cencosud SA		5,513,192		11,452,524
Cencosud Shopping SA		1,724,019		3,283,846
Cia. Cervecerias Unidas SA		571,599		5,128,217
Colbun SA		30,388,186		4,152,423

Security	Shares		Value
Chile (continued)
Empresas CMPC SA		4,264,208	$	11,006,306
Empresas COPEC SA		1,498,119		15,115,597
Enel Americas SA		82,781,098		11,425,963
Enel Chile SA		106,540,246		6,530,645
Falabella SA		2,889,404		13,050,774
				121,837,784
China — 37.7%
21Vianet Group Inc., ADR(a)(c)		328,982		7,342,878
360 DigiTech Inc., ADR(a)		324,979		9,122,161
360 Security Technology Inc., Class A(a)		1,407,990		2,712,420
3SBio Inc.(a)(b)		5,034,000		6,094,119
51job Inc., ADR(a)		110,894		7,948,882
AAC Technologies Holdings Inc.		2,769,000		16,853,301
AECC Aviation Power Co. Ltd., Class A		613,273		5,213,867
Agile Group Holdings Ltd.		4,742,000		6,740,131
Agora Inc., ADR(a)		182,932		8,175,231
Agricultural Bank of China Ltd., Class A		18,781,000		9,630,902
Agricultural Bank of China Ltd., Class H		96,147,000		39,012,510
Aier Eye Hospital Group Co. Ltd., Class A		990,036		13,077,359
Air China Ltd., Class A		1,586,693		2,100,298
Air China Ltd., Class H(a)		6,832,000		5,487,300
Akeso Inc.(a)(b)		1,081,000		9,007,615
Alibaba Group Holding Ltd.(a)		46,751,408		1,272,094,288
Alibaba Group Holding Ltd., ADR(a)		1,320,981		282,637,095
Alibaba Health Information Technology Ltd.(a)		15,350,000		38,127,856
Alibaba Pictures Group Ltd.(a)(c)		51,690,000		6,925,104
A-Living Smart City Services Co. Ltd.(b)		1,801,000		8,692,690
Aluminum Corp. of China Ltd., Class A(a)		3,284,500		2,705,413
Aluminum Corp. of China Ltd., Class H(a)		15,272,000		8,992,683
Anhui Conch Cement Co. Ltd., Class A		1,096,786		8,465,972
Anhui Conch Cement Co. Ltd., Class H		4,423,500		27,670,926
Anhui Gujing Distillery Co. Ltd., Class A		116,585		4,491,027
Anhui Gujing Distillery Co. Ltd., Class B		349,500		4,794,929
Anhui Kouzi Distillery Co. Ltd., Class A		249,952		2,640,213
ANTA Sports Products Ltd.		4,108,402		83,940,043
Asymchem Laboratories Tianjin Co. Ltd., Class A		81,400		4,780,875
Autobio Diagnostics Co. Ltd., Class A		142,799		1,992,774
Autohome Inc., ADR		249,117		19,199,447
Avic Capital Co. Ltd., Class A		5,028,689		3,147,553
AVIC Jonhon Optronic Technology Co. Ltd., Class A		402,893		4,887,564
AVIC Shenyang Aircraft Co. Ltd., Class A		278,600		3,408,963
AVIC Xi’an Aircraft Industry Group Co. Ltd., Class A		876,286		3,846,131
AviChina Industry & Technology Co. Ltd., Class H		9,656,000		6,703,726
AVICOPTER PLC, Class A		263,953		2,242,542
Baidu Inc., ADR(a)		1,016,754		199,558,308
Bank of Beijing Co. Ltd., Class A		6,092,206		4,703,944
Bank of Chengdu Co. Ltd., Class A		1,599,295		3,391,729
Bank of China Ltd., Class A		9,577,200		5,015,814
Bank of China Ltd., Class H		295,945,000		110,994,914
Bank of Communications Co. Ltd., Class A		11,044,673		8,511,887
Bank of Communications Co. Ltd., Class H		30,428,600		20,509,595
Bank of Hangzhou Co. Ltd., Class A		1,924,045		4,998,404
Bank of Jiangsu Co. Ltd., Class A		4,528,810		5,440,838
Bank of Nanjing Co. Ltd., Class A		2,733,546		4,510,653
Bank of Ningbo Co. Ltd., Class A		1,502,581		9,995,726
Bank of Shanghai Co. Ltd., Class A		3,802,642		5,089,198

1 

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

Security	Shares		Value
China (continued)
Baoshan Iron & Steel Co. Ltd., Class A		5,238,973	$	6,511,707
Baozun Inc., ADR(a)(c)		230,641		8,000,936
BeiGene Ltd., ADR(a)(c)		173,468		62,190,013
Beijing Capital International Airport Co. Ltd., Class H		7,416,000		5,007,907
Beijing Enlight Media Co. Ltd., Class A		1,154,595		2,298,036
Beijing Enterprises Holdings Ltd.		1,920,000		6,652,190
Beijing Enterprises Water Group Ltd.		19,860,000		8,085,251
Beijing New Building Materials PLC, Class A		486,813		3,527,177
Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A		478,129		4,716,854
Beijing Shiji Information Technology Co. Ltd., Class A		330,330		1,912,929
Beijing Shunxin Agriculture Co. Ltd., Class A		251,500		1,985,708
Beijing Sinnet Technology Co. Ltd., Class A		594,386		1,437,647
Beijing Tiantan Biological Products Corp. Ltd., Class A		682,445		3,663,535
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		9,209,700		8,378,172
Betta Pharmaceuticals Co. Ltd., Class A		113,996		2,028,107
BGI Genomics Co. Ltd., Class A		118,300		2,396,768
Bilibili Inc., ADR(a)(c)		611,069		65,494,375
BOC Aviation Ltd.(b)(c)		816,600		7,267,039
BOE Technology Group Co. Ltd., Class A		8,498,100		8,453,330
Bosideng International Holdings Ltd.		12,718,000		7,041,540
Brilliance China Automotive Holdings Ltd.(d)		11,826,000		11,123,684
Burning Rock Biotech Ltd., ADR(a)		164,791		4,460,892
BYD Co. Ltd., Class A		458,412		12,889,815
BYD Co. Ltd., Class H		2,923,500		68,061,991
BYD Electronic International Co. Ltd.(c)		2,582,500		16,984,784
Caitong Securities Co. Ltd., Class A		1,437,865		2,549,120
CanSino Biologics Inc., Class H(a)(b)(c)		297,800		13,177,354
CGN Power Co. Ltd., Class H(b)		36,612,000		8,066,415
Changchun High & New Technology Industry  Group Inc., Class A		101,194		6,538,266
Changjiang Securities Co. Ltd., Class A		2,964,835		3,625,577
Chaozhou Three-Circle Group Co. Ltd., Class A		525,030		3,073,409
China Aoyuan Group Ltd.		4,658,000		5,462,716
China Bohai Bank Co. Ltd., Class H(b)		9,692,000		4,133,608
China Cinda Asset Management Co. Ltd., Class H		34,778,000		7,437,116
China CITIC Bank Corp. Ltd., Class H		32,594,800		17,816,297
China Communications Services Corp. Ltd., Class H		9,334,000		3,932,818
China Conch Venture Holdings Ltd.		6,371,500		29,338,533
China Construction Bank Corp., Class A		2,760,168		3,007,829
China Construction Bank Corp., Class H		361,444,760		296,873,342
China CSSC Holdings Ltd., Class A(a)		724,200		1,957,573
China East Education Holdings Ltd.(b)		2,111,500		4,605,571
China Eastern Airlines Corp. Ltd., Class A		4,608,997		3,929,418
China Education Group Holdings Ltd.		3,007,000		7,770,408
China Everbright Bank Co. Ltd., Class A		9,948,803		5,994,001
China Everbright Bank Co. Ltd., Class H		11,215,000		4,755,987
China Everbright Environment Group Ltd.		14,371,813		8,645,306
China Everbright Ltd.		3,788,000		4,793,745
China Evergrande Group.		7,460,388		11,183,801
China Feihe Ltd.(b)		13,502,000		37,829,729
China Fortune Land Development Co. Ltd., Class A		1,106,935		944,664

Security	Shares		Value
China (continued)
China Galaxy Securities Co. Ltd., Class A		1,025,900	$	1,803,376
China Galaxy Securities Co. Ltd., Class H		13,670,000		8,576,640
China Gas Holdings Ltd.		11,671,000		43,560,983
China Greatwall Technology Group Co. Ltd., Class A		881,473		2,121,125
China Hongqiao Group Ltd.		8,430,000		13,575,902
China Huarong Asset Management Co. Ltd., Class H(b)(d)		39,128,000		5,142,517
China Huishan Dairy Holdings Co. Ltd.(a)(d)		5,603,350		7
China International Capital Corp. Ltd., Class H(b)(c)		5,835,200		17,226,829
China Jinmao Holdings Group Ltd.		20,894,000		8,075,591
China Jushi Co. Ltd., Class A		1,192,740		3,061,407
China Lesso Group Holdings Ltd.		4,312,000		11,353,432
China Life Insurance Co. Ltd., Class A		770,212		4,414,248
China Life Insurance Co. Ltd., Class H		27,315,000		57,661,057
China Literature Ltd.(a)(b)(c)		1,535,200		16,111,772
China Longyuan Power Group Corp. Ltd., Class H		12,506,000		17,683,225
China Medical System Holdings Ltd.		5,286,000		13,562,817
China Meidong Auto Holdings Ltd.		2,178,000		11,486,030
China Mengniu Dairy Co. Ltd.		11,746,000		71,265,833
China Merchants Bank Co. Ltd., Class A		4,907,289		44,940,346
China Merchants Bank Co. Ltd., Class H		14,542,967		134,645,716
China Merchants Energy Shipping Co. Ltd., Class A		1,919,957		1,604,985
China Merchants Port Holdings Co. Ltd.		5,744,000		9,339,908
China Merchants Securities Co. Ltd., Class A		1,953,279		6,331,477
China Merchants Shekou Industrial Zone  Holdings Co. Ltd., Class A		1,757,390		3,205,333
China Minsheng Banking Corp. Ltd., Class A		9,876,955		7,332,636
China Minsheng Banking Corp. Ltd., Class H		19,612,048		10,510,637
China Molybdenum Co. Ltd., Class A		5,551,098		5,081,982
China Molybdenum Co. Ltd., Class H		11,433,000		7,881,295
China National Building Material Co. Ltd., Class H		14,582,000		19,498,401
China National Chemical Engineering Co. Ltd., Class A		3,459,567		3,433,449
China National Nuclear Power Co. Ltd., Class A		4,673,200		3,827,727
China National Software & Service Co. Ltd., Class A		138,899		1,258,828
China Northern Rare Earth Group High-Tech  Co. Ltd., Class A(a)		1,125,854		3,892,877
China Oilfield Services Ltd., Class H		6,752,000		6,348,660
China Overseas Land & Investment Ltd.		14,246,960		34,095,272
China Overseas Property Holdings Ltd.		5,160,000		5,526,629
China Pacific Insurance Group Co. Ltd., Class A		1,589,648		8,612,082
China Pacific Insurance Group Co. Ltd., Class H		9,947,400		37,426,177
China Petroleum & Chemical Corp., Class A		6,959,989		4,838,945
China Petroleum & Chemical Corp., Class H		91,350,800		48,515,880
China Power International Development Ltd.		17,441,000		4,383,033
China Railway Group Ltd., Class A		5,542,800		4,700,248
China Railway Group Ltd., Class H		13,868,000		7,320,622
China Resources Beer Holdings Co. Ltd.		5,558,000		49,917,341
China Resources Cement Holdings Ltd.		9,274,000		9,846,801
China Resources Gas Group Ltd.		3,542,000		22,122,373
China Resources Land Ltd.		12,127,333		56,831,548

2 

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

Security	Shares		Value
China (continued)
China Resources Mixc Lifestyle  Services Ltd.(a)(b)		1,293,600	$	7,775,940
China Resources Pharmaceutical Group Ltd.(b)		6,173,000		4,428,131
China Resources Power Holdings Co. Ltd.		7,362,999		9,486,798
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		469,599		1,924,255
China Shenhua Energy Co. Ltd., Class A		1,436,539		4,516,731
China Shenhua Energy Co. Ltd., Class H		13,005,500		29,454,653
China Shipbuilding Industry Co. Ltd., Class A(a)		5,981,092		3,912,300
China Southern Airlines Co. Ltd., Class A(a)		2,440,000		2,445,395
China Southern Airlines Co. Ltd., Class H(a)(c)		6,356,000		4,307,700
China State Construction Engineering Corp. Ltd., Class A		9,711,871		7,469,712
China State Construction International Holdings Ltd.		7,828,000		5,556,317
China Taiping Insurance Holdings Co. Ltd.		6,157,660		11,356,130
China Tourism Group Duty Free Corp. Ltd., Class A		453,332		23,898,862
China Tower Corp. Ltd., Class H(b)		160,250,000		21,894,219
China Traditional Chinese Medicine Holdings Co. Ltd.		10,446,000		6,742,021
China TransInfo Technology Co. Ltd., Class A		672,800		1,633,246
China Vanke Co. Ltd., Class A		2,415,459		10,142,689
China Vanke Co. Ltd., Class H		6,165,531		21,336,575
China Yangtze Power Co. Ltd., Class A		5,304,815		16,565,675
China Youzan Ltd.(a)		53,344,000		11,605,992
China Yuhua Education Corp. Ltd.(b)		5,250,000		5,231,045
Chindata Group Holdings Ltd., ADR(a)		325,503		5,273,149
Chongqing Brewery Co. Ltd., Class A(a)		94,500		2,570,711
Chongqing Changan Automobile Co. Ltd., Class A(a)		1,137,087		4,247,928
Chongqing Rural Commercial Bank Co. Ltd., Class H		11,445,000		5,172,227
Chongqing Zhifei Biological Products Co. Ltd., Class A		374,676		11,516,597
CIFI Holdings Group Co. Ltd.		12,148,000		10,617,395
CITIC Ltd.		21,829,000		25,239,763
CITIC Securities Co. Ltd., Class A		2,811,651		11,551,568
CITIC Securities Co. Ltd., Class H		8,140,000		22,507,654
Contemporary Amperex Technology Co. Ltd., Class A		544,230		37,159,734
COSCO SHIPPING Holdings Co. Ltd., Class A(a)		2,918,588		9,837,498
COSCO SHIPPING Holdings Co. Ltd., Class H(a)		8,674,500		18,255,171
COSCO SHIPPING Ports Ltd.		7,454,000		6,051,281
Country Garden Holdings Co. Ltd.(c)		28,817,939		36,516,735
Country Garden Services Holdings Co. Ltd.		5,598,000		58,102,355
CSC Financial Co. Ltd., Class A		965,797		5,170,558
CSPC Pharmaceutical Group Ltd.		34,088,479		53,548,885
Dada Nexus Ltd., ADR(a)		223,950		5,627,864
Dali Foods Group Co. Ltd.(b)		8,648,000		5,415,516
Daqin Railway Co. Ltd., Class A		3,731,055		4,019,068
Daqo New Energy Corp., ADR(a)		201,195		14,964,884
DHC Software Co. Ltd., Class A		1,132,998		1,338,083
Dongfeng Motor Group Co. Ltd., Class H		10,412,000		9,746,749
Dongxing Securities Co. Ltd., Class A		1,202,097		2,157,063
DouYu International Holdings Ltd., ADR(a)		372,327		2,941,383
East Money Information Co. Ltd., Class A		2,467,933		12,367,931

Security	Shares		Value
China (continued)
Ecovacs Robotics Co. Ltd., Class A(a)		91,200	$	2,617,355
ENN Energy Holdings Ltd.		3,022,900		55,610,372
Eve Energy Co. Ltd., Class A		477,653		8,356,470
Ever Sunshine Lifestyle Services Group Ltd.		2,726,000		7,616,074
Everbright Securities Co. Ltd., Class A		1,033,983		2,731,474
Fangda Carbon New Material Co. Ltd., Class A(a)		1,450,434		1,969,015
Far East Horizon Ltd.		7,248,000		7,924,515
Fiberhome Telecommunication Technologies Co. Ltd., Class A		423,490		1,205,343
First Capital Securities Co. Ltd., Class A		1,503,400		1,689,600
Flat Glass Group Co. Ltd., Class H		1,530,000		4,720,424
Focus Media Information Technology Co. Ltd., Class A		3,807,278		6,138,647
Foshan Haitian Flavouring & Food Co. Ltd., Class A		843,052		18,217,756
Fosun International Ltd.(c)		9,974,500		16,175,920
Founder Securities Co. Ltd., Class A(a)		2,889,087		4,614,328
Foxconn Industrial Internet Co. Ltd., Class A		1,954,997		3,820,471
Fu Jian Anjoy Foods Co. Ltd., Class A		42,800		1,662,606
Fuyao Glass Industry Group Co. Ltd., Class A		571,972		4,713,400
Fuyao Glass Industry Group Co. Ltd., Class H(b)		2,242,000		14,885,895
Ganfeng Lithium Co. Ltd., Class A		291,981		5,955,365
Ganfeng Lithium Co. Ltd., Class H(b)		635,400		9,563,577
GCL System Integration Technology Co. Ltd., Class A(a)		1,853,100		855,273
GDS Holdings Ltd., ADR(a)(c)		339,012		25,500,483
Geely Automobile Holdings Ltd.		22,303,000		56,705,480
GEM Co. Ltd., Class A		926,400		1,644,060
Gemdale Corp., Class A		1,576,230		2,662,081
Genscript Biotech Corp.(a)(c)		4,148,000		16,274,769
GF Securities Co. Ltd., Class A		1,672,294		4,209,947
GF Securities Co. Ltd., Class H		4,753,400		6,796,827
Gigadevice Semiconductor Beijing Inc., Class A		179,494		3,826,608
GoerTek Inc., Class A		873,700		5,354,565
GOME Retail Holdings Ltd.(a)(c)		45,313,200		7,234,231
Great Wall Motor Co. Ltd., Class H(c)		12,536,000		35,021,954
Greenland Holdings Corp. Ltd., Class A		2,540,218		2,325,872
Greentown China Holdings Ltd.		3,377,500		3,855,021
Greentown Service Group Co. Ltd.		5,558,000		8,835,768
GSX Techedu Inc., ADR(a)(c)		464,693		8,615,408
Guangdong Haid Group Co. Ltd., Class A		456,427		5,681,491
Guangdong Investment Ltd.		11,190,110		16,445,078
Guangzhou Automobile Group Co. Ltd., Class H		11,297,838		9,610,959
Guangzhou Baiyun International Airport Co. Ltd., Class A		752,291		1,372,184
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A		566,296		2,874,005
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A		139,284		3,323,096
Guangzhou R&F Properties Co. Ltd., Class H		6,474,000		8,773,168
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A		184,491		3,800,291
Guangzhou Tinci Materials Technology Co. Ltd., Class A		185,400		2,728,108
Guosen Securities Co. Ltd., Class A		1,911,042		3,368,092
Guotai Junan Securities Co. Ltd., Class A		2,369,140		6,670,947

3 

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

Security	Shares		Value
China (continued)
Haidilao International Holding Ltd.(b)(c)		4,005,000	$	23,080,004
Haier Smart Home Co. Ltd., Class A		1,571,041		7,447,344
Haier Smart Home Co. Ltd., Class H(a)		7,407,200		31,182,496
Haitian International Holdings Ltd.		2,680,000		9,367,551
Haitong Securities Co. Ltd., Class A		2,169,201		3,993,642
Haitong Securities Co. Ltd., Class H		10,430,800		9,956,514
Hangzhou First Applied Material Co. Ltd., Class A		128,000		1,643,582
Hangzhou Robam Appliances Co. Ltd., Class A		327,864		2,273,839
Hangzhou Silan Microelectronics Co. Ltd., Class A		268,800		1,676,950
Hangzhou Tigermed Consulting Co. Ltd., Class A		181,200		4,997,199
Hangzhou Tigermed Consulting Co. Ltd., Class H(b)		356,100		7,391,692
Hansoh Pharmaceutical Group Co. Ltd.(a)(b)		4,508,000		19,653,200
Henan Shuanghui Investment & Development Co. Ltd., Class A		765,200		4,241,944
Hengan International Group Co. Ltd.(c)		2,522,500		16,909,826
Hengli Petrochemical Co. Ltd., Class A		1,454,391		6,236,261
HengTen Networks Group Ltd.(a)		10,468,000		10,261,405
Hengtong Optic-Electric Co. Ltd., Class A		994,753		1,853,785
Hengyi Petrochemical Co. Ltd., Class A		1,339,829		2,633,456
Hithink RoyalFlush Information Network Co. Ltd., Class A		153,100		2,877,928
Hopson Development Holdings Ltd.		2,514,000		12,368,924
Hua Hong Semiconductor Ltd.(a)(b)(c)		2,021,000		10,834,798
Huadong Medicine Co. Ltd., Class A		509,105		4,237,953
Huafon Chemical Co. Ltd., Class A		825,200		1,607,265
Hualan Biological Engineering Inc., Class A		546,383		3,472,910
Huaneng Power International Inc., Class H		15,978,000		5,726,658
Huatai Securities Co. Ltd., Class A		2,481,909		6,706,140
Huatai Securities Co. Ltd., Class H(b)		4,490,600		6,958,854
Huaxia Bank Co. Ltd., Class A		4,157,980		4,204,284
Huaxin Cement Co. Ltd., Class A		494,606		1,696,515
Huayu Automotive Systems Co. Ltd., Class A		806,568		3,108,227
Huazhu Group Ltd., ADR(a)		657,587		37,594,249
Hubei Biocause Pharmaceutical Co. Ltd., Class A		2,550,699		1,589,011
Hundsun Technologies Inc., Class A		307,532		4,549,730
Hutchmed China Ltd., ADR(a)		281,604		8,377,719
HUYA Inc., ADR(a)(c)		298,897		4,573,124
Iflytek Co. Ltd., Class A		593,975		5,811,270
I-Mab, ADR(a)		122,335		9,917,698
Industrial & Commercial Bank of China Ltd., Class A		13,981,662		11,458,796
Industrial & Commercial Bank of China Ltd., Class H		212,279,085		139,363,220
Industrial Bank Co. Ltd., Class A		4,890,822		17,779,639
Industrial Securities Co. Ltd., Class A		2,857,951		4,987,434
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A(a)		12,730,500		3,288,894
Inner Mongolia Junzheng Energy & Chemical  Industry Group Co. Ltd., Class A		2,362,000		2,098,346
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		1,466,870		9,356,529
Innovent Biologics Inc.(a)(b)		4,400,000		53,253,468
Inspur Electronic Information Industry Co. Ltd., Class A		402,090		1,850,946

Security	Shares		Value
China (continued)
Intco Medical Technology Co. Ltd., Class A		72,700	$	1,623,786
iQIYI Inc., ADR(a)(c)		1,068,790		15,240,945
Jafron Biomedical Co. Ltd., Class A		279,856		3,805,488
JCET Group Co. Ltd., Class A(a)		318,900		1,739,614
JD Health International Inc.(a)(b)		1,098,750		14,607,565
JD.com Inc., ADR(a)		3,258,973		240,968,464
Jiangsu Eastern Shenghong Co. Ltd., Class A		538,300		1,465,787
Jiangsu Expressway Co. Ltd., Class H		5,128,000		6,201,167
Jiangsu Hengli Hydraulic Co. Ltd., Class A		350,988		4,404,099
Jiangsu Hengrui Medicine Co. Ltd., Class A		1,278,618		17,371,239
Jiangsu King’s Luck Brewery JSC Ltd., Class A		417,786		3,913,713
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		357,550		12,252,281
Jiangsu Zhongnan Construction Group Co. Ltd., Class A		1,449,587		1,557,385
Jiangxi Copper Co. Ltd., Class A		489,300		2,024,898
Jiangxi Copper Co. Ltd., Class H		4,452,000		10,547,455
Jiangxi Zhengbang Technology Co. Ltd., Class A		913,924		1,817,734
Jinke Properties Group Co. Ltd., Class A		2,117,882		2,008,168
Jinxin Fertility Group Ltd.(b)		4,956,000		14,278,457
JiuGui Liquor Co. Ltd., Class A		69,500		2,700,104
Jiumaojiu International Holdings Ltd.(a)(b)		2,714,000		10,751,575
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A		288,325		2,270,480
JOYY Inc., ADR(c)		220,892		16,997,639
Juewei Food Co. Ltd., Class A		209,514		2,826,401
Kaisa Group Holdings Ltd.		10,087,000		4,641,746
KE Holdings Inc., ADR(a)		1,343,645		69,721,739
Kingboard Holdings Ltd.		2,698,000		14,356,316
Kingboard Laminates Holdings Ltd.		3,988,000		8,512,420
Kingdee International Software Group Co. Ltd.(c)		9,681,000		39,339,931
Kingfa Sci & Tech Co. Ltd., Class A		514,600		1,827,739
Kingsoft Cloud Holdings Ltd., ADR(a)(c)		206,630		8,070,968
Kingsoft Corp. Ltd.		3,631,000		24,498,030
Kuaishou Technology(a)(b)(c)		1,025,600		25,707,073
Kunlun Energy Co. Ltd.		14,930,000		11,275,316
Kweichow Moutai Co. Ltd., Class A		286,587		100,036,673
KWG Group Holdings Ltd.		4,987,500		7,674,288
Lee & Man Paper Manufacturing Ltd.		5,496,000		4,796,101
Lenovo Group Ltd.		27,664,000		33,181,305
Lens Technology Co. Ltd., Class A		1,275,900		5,860,167
Lepu Medical Technology Beijing Co. Ltd., Class A		530,235		2,775,797
Li Auto Inc., ADR(a)(c)		1,784,923		41,588,706
Li Ning Co. Ltd.		8,411,000		78,899,460
Lingyi iTech Guangdong Co., Class A		1,832,080		2,459,264
Logan Group Co. Ltd.		5,507,000		8,853,935
Lomon Billions Group Co. Ltd., Class A		445,900		2,388,281
Longfor Group Holdings Ltd.(b)		6,886,500		40,314,391
LONGi Green Energy Technology Co. Ltd., Class A		898,741		14,460,432
Lufax Holding Ltd., ADR(a)(c)		657,909		8,019,911
Luxshare Precision Industry Co. Ltd., Class A		1,713,946		10,520,720
Luzhou Laojiao Co. Ltd., Class A		348,639		15,099,122
Mango Excellent Media Co. Ltd., Class A		472,200		5,491,289
Maxscend Microelectronics Co. Ltd., Class A		80,340		5,391,485

4 

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

Security	Shares		Value
China (continued)
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A(a)		1,155,780	$	2,119,352
Meituan, Class B(a)(b)		13,624,400		529,389,229
Metallurgical Corp. of China Ltd., Class A		7,970,290		3,801,471
Microport Scientific Corp.(c)		2,468,000		20,647,749
Midea Group Co. Ltd., Class A		850,900		10,851,191
Ming Yuan Cloud Group Holdings Ltd.(a)		1,488,000		7,776,709
Minth Group Ltd.		2,888,000		12,307,242
MMG Ltd.(a)		9,148,000		5,337,411
Momo Inc., ADR		594,109		8,335,349
Muyuan Foods Co. Ltd., Class A		886,285		12,429,101
NanJi E-Commerce Co. Ltd., Class A		820,800		1,317,508
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A		289,097		1,946,477
Nanjing Securities Co. Ltd., Class A		1,078,500		1,598,432
NARI Technology Co. Ltd., Class A		1,178,899		5,773,911
NAURA Technology Group Co. Ltd., Class A		128,300		3,806,507
NavInfo Co. Ltd., Class A		875,300		1,931,354
NetEase Inc., ADR		1,524,391		179,771,431
New China Life Insurance Co. Ltd., Class A		704,392		5,647,651
New China Life Insurance Co. Ltd., Class H		2,702,500		10,116,871
New Hope Liuhe Co. Ltd., Class A		1,147,397		2,749,527
New Oriental Education & Technology Group Inc., ADR(a)		5,816,202		59,499,746
Nine Dragons Paper Holdings Ltd.		6,490,000		9,793,430
Ninestar Corp., Class A		460,638		1,906,631
Ningbo Joyson Electronic Corp., Class A		416,800		1,179,106
Ningxia Baofeng Energy Group Co. Ltd., Class A		1,385,500		3,097,988
NIO Inc., ADR(a)		4,882,951		188,579,568
Noah Holdings Ltd., ADR(a)(c)		128,959		5,877,951
Nongfu Spring Co. Ltd., Class H(a)(b)(c)		1,452,800		8,593,005
Offcn Education Technology Co. Ltd., Class A		552,500		2,163,625
OFILM Group Co. Ltd., Class A		849,365		1,170,197
OneConnect Financial Technology Co. Ltd., ADR(a)		442,086		6,392,564
Oppein Home Group Inc., Class A		58,700		1,368,230
Orient Securities Co. Ltd., Class A		1,858,386		3,103,879
Oriental Pearl Group Co. Ltd., Class A		1,740,978		2,444,229
Ovctek China Inc., Class A		277,900		4,425,255
People’s Insurance Co. Group of China Ltd. (The), Class A		3,270,800		3,169,220
People’s Insurance Co. Group of China Ltd. (The), Class H		24,764,000		9,157,916
Perennial Energy Holdings Ltd.		3,025,000		1,174,389
Perfect World Co. Ltd., Class A		571,600		1,915,978
PetroChina Co. Ltd., Class A		4,993,600		3,628,437
PetroChina Co. Ltd., Class H		79,064,000		32,331,022
Pharmaron Beijing Co. Ltd., Class A		149,700		4,249,632
Pharmaron Beijing Co. Ltd., Class H(b)		506,400		12,121,951
PICC Property & Casualty Co. Ltd., Class H		25,863,192		24,710,831
Pinduoduo Inc., ADR(a)		1,657,016		206,928,158
Ping An Bank Co. Ltd., Class A		4,621,067		17,592,582
Ping An Healthcare and Technology  Co. Ltd.(a)(b)(c)		1,756,100		20,597,272
Ping An Insurance Group Co. of China Ltd., Class A		2,530,984		28,601,849
Ping An Insurance Group Co. of China Ltd., Class H		23,920,000		260,050,505

Security	Shares		Value
China (continued)
Poly Developments and Holdings Group Co. Ltd., Class A		2,922,984	$	6,217,470
Poly Property Services Co. Ltd., Class H(c)		456,000		3,671,950
Postal Savings Bank of China Co. Ltd., Class A		6,402,700		5,642,072
Postal Savings Bank of China Co. Ltd., Class H(b)		30,325,000		21,855,100
Power Construction Corp. of China Ltd., Class A		4,554,200		2,794,802
Powerlong Real Estate Holdings Ltd.		5,478,000		5,351,976
RiseSun Real Estate Development Co. Ltd., Class A		2,254,900		2,229,979
RLX Technology Inc., ADR(a)(c)		461,677		5,221,567
Rongsheng Petrochemical Co. Ltd., Class A		1,588,772		6,611,288
SAIC Motor Corp. Ltd., Class A		1,936,506		6,175,431
Sanan Optoelectronics Co. Ltd., Class A		1,130,700		4,927,814
Sangfor Technologies Inc., Class A		101,500		4,322,611
Sany Heavy Equipment International Holdings  Co. Ltd.		4,156,000		4,617,392
Sany Heavy Industry Co. Ltd., Class A		2,063,252		9,848,643
SDIC Capital Co. Ltd., Class A		1,440,400		3,148,310
SDIC Power Holdings Co. Ltd., Class A		1,973,290		2,994,964
Seazen Group Ltd.		8,388,000		9,639,977
Seazen Holdings Co. Ltd., Class A		573,373		4,380,198
SF Holding Co. Ltd., Class A		1,066,335		11,677,187
SG Micro Corp., Class A		45,416		2,028,599
Shaanxi Coal Industry Co. Ltd., Class A		2,670,876		4,994,251
Shandong Gold Mining Co. Ltd., Class A		1,020,856		3,435,644
Shandong Gold Mining Co. Ltd., Class H(b)		2,553,500		5,605,002
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		261,100		1,153,114
Shandong Linglong Tyre Co. Ltd., Class A		219,400		1,659,612
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		9,548,000		21,080,538
Shanghai Bairun Investment Holding Group  Co. Ltd., Class A		97,200		1,890,303
Shanghai Baosight Software Co. Ltd., Class A		276,030		2,885,732
Shanghai Construction Group Co. Ltd., Class A		6,636,952		3,036,824
Shanghai Electric Group Co. Ltd., Class A(a)		3,376,600		2,448,871
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		514,800		5,617,402
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H(c)		1,837,000		15,288,366
Shanghai International Airport Co. Ltd., Class A		257,298		2,002,516
Shanghai International Port Group Co. Ltd., Class A		3,677,699		2,713,860
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		4,807,306		4,172,578
Shanghai M&G Stationery Inc., Class A		313,137		4,150,480
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		712,700		2,604,744
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		2,730,400		6,172,777
Shanghai Pudong Development Bank Co. Ltd., Class A		6,824,322		11,022,572
Shanghai Putailai New Energy Technology Co. Ltd., Class A		120,200		1,963,009

5 

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

Security	Shares		Value
China (continued)
Shanghai RAAS Blood Products Co. Ltd., Class A		1,846,900	$	2,222,770
Shanxi Meijin Energy Co. Ltd., Class A(a)		1,420,200		1,674,606
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		208,000		15,171,094
Shengyi Technology Co. Ltd., Class A		627,600		2,261,105
Shennan Circuits Co. Ltd., Class A		137,840		1,878,778
Shenwan Hongyuan Group Co. Ltd., Class A		7,464,470		5,625,731
Shenzhen Goodix Technology Co. Ltd., Class A		125,100		2,514,775
Shenzhen Inovance Technology Co. Ltd., Class A		442,265		6,866,825
Shenzhen International Holdings Ltd.		4,218,000		6,416,253
Shenzhen Investment Ltd.		12,318,000		4,376,054
Shenzhen Kangtai Biological Products Co. Ltd., Class A		173,186		4,868,486
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		278,232		21,169,937
Shenzhen Overseas Chinese Town Co. Ltd., Class A		2,697,300		3,537,328
Shenzhen Sunway Communication Co. Ltd., Class A		304,240		1,344,819
Shenzhou International Group Holdings Ltd.		3,151,300		81,126,410
Shimao Group Holdings Ltd.		4,626,000		13,123,197
Shimao Services Holdings Ltd.(b)		2,233,000		6,188,721
Sichuan Chuantou Energy Co. Ltd., Class A		2,046,060		3,778,654
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		560,478		1,958,711
Sichuan Swellfun Co. Ltd., Class A		144,793		2,905,343
Sino Biopharmaceutical Ltd.		39,462,750		44,348,023
Sinopharm Group Co. Ltd., Class H		5,127,200		17,431,681
Sinotruk Hong Kong Ltd.		2,696,000		6,313,002
Skshu Paint Co. Ltd., Class A		43,300		1,606,784
Smoore International Holdings Ltd.(b)		4,488,000		32,117,968
Songcheng Performance Development Co. Ltd., Class A		985,913		2,748,081
Spring Airlines Co. Ltd., Class A		396,832		4,075,148
SSY Group Ltd.		6,204,000		4,123,814
Sun Art Retail Group Ltd.(c)		7,553,500		5,733,572
Sunac China Holdings Ltd.		9,649,000		35,606,932
Sunac Services Holdings Ltd.(a)(b)		2,345,000		7,338,609
Sungrow Power Supply Co. Ltd., Class A		366,200		5,592,081
Suning.com Co. Ltd., Class A		2,807,338		3,004,812
Sunny Optical Technology Group Co. Ltd.		2,708,100		68,976,657
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		565,100		1,614,168
TAL Education Group, ADR(a)		1,560,695		62,380,979
TCL Technology Group Corp., Class A		3,932,655		5,002,571
Tencent Holdings Ltd.		21,732,500		1,748,498,804
Tencent Music Entertainment Group, ADR(a)		2,524,096		39,729,271
Thunder Software Technology Co. Ltd., Class A		67,700		1,609,528
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A		944,193		4,279,108
Tianma Microelectronics Co. Ltd., Class A		835,279		1,817,932
Tingyi Cayman Islands Holding Corp.		7,766,000		14,748,846
Tongcheng-Elong Holdings Ltd.(a)		3,556,000		9,609,221
Tonghua Dongbao Pharmaceutical Co. Ltd., Class A		772,700		1,510,399
Tongkun Group Co. Ltd., Class A		408,200		1,368,064

Security	Shares		Value
China (continued)
Tongwei Co. Ltd., Class A		1,076,584	$	6,812,787
Topchoice Medical Corp., Class A(a)		84,900		4,692,058
Topsports International Holdings Ltd.(b)		5,597,000		8,518,440
Transfar Zhilian Co. Ltd., Class A		2,209,798		2,245,196
TravelSky Technology Ltd., Class H		3,691,000		7,991,280
Trip.com Group Ltd., ADR(a)(c)		1,911,868		80,011,676
Tsingtao Brewery Co. Ltd., Class A		270,200		4,461,267
Tsingtao Brewery Co. Ltd., Class H		1,896,000		20,717,311
Unigroup Guoxin Microelectronics Co. Ltd., Class A		174,800		3,829,614
Uni-President China Holdings Ltd.		5,449,000		5,886,002
Unisplendour Corp. Ltd., Class A		790,154		2,507,639
Up Fintech Holding Ltd., ADR(a)		300,154		6,840,510
Venus MedTech Hangzhou Inc., Class H(a)(b)		815,500		7,508,167
Vinda International Holdings Ltd.(c)		1,441,000		4,575,559
Vipshop Holdings Ltd., ADR(a)		1,687,168		39,024,196
Walvax Biotechnology Co. Ltd., Class A		429,047		4,739,955
Wanhua Chemical Group Co. Ltd., Class A		765,391		13,098,583
Want Want China Holdings Ltd.(c)		19,588,000		14,563,637
Weibo Corp., ADR(a)(c)		227,712		11,576,878
Weichai Power Co. Ltd., Class A		1,601,644		4,493,672
Weichai Power Co. Ltd., Class H		7,114,800		15,994,727
Weimob Inc.(a)(b)(c)		6,126,000		14,028,962
Wens Foodstuffs Group Co. Ltd., Class A		1,731,870		3,806,511
Western Securities Co. Ltd., Class A		1,781,680		2,471,721
Wharf Holdings Ltd. (The)		5,395,000		18,623,927
Will Semiconductor Co. Ltd. Shanghai, Class A		209,400		9,939,323
Wingtech Technology Co. Ltd., Class A		308,100		4,249,039
Winning Health Technology Group Co. Ltd., Class A		757,624		1,976,357
Wuhan Guide Infrared Co. Ltd., Class A		490,490		2,941,938
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd., Class A		566,588		2,158,599
Wuliangye Yibin Co. Ltd., Class A		904,228		44,894,931
WUS Printed Circuit Kunshan Co. Ltd., Class A		681,058		1,643,433
WuXi AppTec Co. Ltd., Class A		585,608		15,414,960
WuXi AppTec Co. Ltd., Class H(b)		1,165,070		24,925,697
Wuxi Biologics Cayman Inc., New(a)(b)		12,698,500		198,612,391
Wuxi Lead Intelligent Equipment Co. Ltd., Class A		197,425		2,976,925
XCMG Construction Machinery Co. Ltd., Class A		3,018,769		3,185,643
Xiaomi Corp., Class B(a)(b)		54,276,600		204,946,858
Xinhu Zhongbao Co. Ltd., Class A		3,072,750		1,521,775
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		1,856,593		3,575,049
Xinjiang Goldwind Science & Technology Co. Ltd., Class H(c)		2,248,646		3,832,930
Xinyi Solar Holdings Ltd.		18,172,000		32,602,576
XPeng Inc., ADR(a)(c)		1,223,700		39,317,481
Yadea Group Holdings Ltd.(b)		4,466,000		9,951,112
Yantai Jereh Oilfield Services Group Co. Ltd., Class A		313,298		1,971,292
Yanzhou Coal Mining Co. Ltd., Class H		6,770,800		9,031,161
Yealink Network Technology Corp. Ltd., Class A		244,780		2,950,472
Yifeng Pharmacy Chain Co. Ltd., Class A		201,659		2,817,380
Yihai International Holding Ltd.		1,806,000		14,445,422

6 

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

Security	Shares		Value
China (continued)
Yihai Kerry Arawana Holdings Co. Ltd., Class A		300,800	$	4,360,256
Yonghui Superstores Co. Ltd., Class A		2,709,900		2,437,953
Yonyou Network Technology Co. Ltd., Class A		870,351		4,968,950
Yuexiu Property Co. Ltd.		26,970,000		6,703,909
Yum China Holdings Inc.		1,571,222		106,277,456
Yunda Holding Co. Ltd., Class A		754,204		1,708,300
Yunnan Baiyao Group Co. Ltd., Class A		326,401		6,450,970
Yunnan Energy New Material Co. Ltd., Class A		249,400		6,980,846
Yutong Bus Co. Ltd., Class A		1,099,267		2,297,142
Zai Lab Ltd., ADR(a)		286,770		50,947,558
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		148,850		8,995,608
Zhaojin Mining Industry Co. Ltd., Class H		4,593,500		4,958,320
Zhejiang Century Huatong Group Co. Ltd., Class A(a)		2,080,478		2,157,681
Zhejiang Chint Electrics Co. Ltd., Class A		860,923		4,359,136
Zhejiang Dahua Technology Co. Ltd., Class A		1,110,784		4,042,691
Zhejiang Expressway Co. Ltd., Class H		5,990,000		5,200,709
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A		462,204		1,538,772
Zhejiang Huayou Cobalt Co. Ltd., Class A		304,658		4,967,321
Zhejiang Longsheng Group Co. Ltd., Class A		1,056,500		2,364,946
Zhejiang NHU Co. Ltd., Class A		930,173		4,675,690
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A		1,137,917		3,995,795
Zhejiang Supor Co. Ltd., Class A		249,882		2,783,754
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A		169,247		1,826,777
Zhenro Properties Group Ltd.(c)		5,819,000		3,703,934
Zheshang Securities Co. Ltd., Class A		958,500		2,006,175
ZhongAn Online P&C Insurance Co. Ltd., Class H(a)(b)(c)		1,829,200		9,421,324
Zhongji Innolight Co. Ltd., Class A		223,800		1,450,082
Zhongsheng Group Holdings Ltd.		2,209,500		19,003,444
Zhuzhou CRRC Times Electric Co. Ltd., Class H		2,108,200		10,229,515
Zijin Mining Group Co. Ltd., Class A		5,429,500		9,625,234
Zijin Mining Group Co. Ltd., Class H		20,944,000		32,844,485
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		1,790,054		3,032,503
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H		4,933,400		5,949,424
ZTE Corp., Class A		915,900		4,535,981
ZTE Corp., Class H		2,913,600		7,967,754
ZTO Express Cayman Inc., ADR		1,636,046		52,500,716
				12,248,444,490
Colombia — 0.1%
Bancolombia SA		932,371		6,789,109
Ecopetrol SA		19,580,322		11,564,430
Grupo de Inversiones Suramericana SA		610,024		3,293,603
Interconexion Electrica SA ESP		1,826,003		9,858,840
				31,505,982
Cyprus — 0.1%
Ozon Holdings PLC, ADR(a)		153,962		8,193,073
TCS Group Holding PLC, GDR		456,276		34,311,832
				42,504,905
Czech Republic — 0.1%
CEZ AS		582,828		17,470,703

Security	Shares		Value
Czech Republic (continued)
Komercni Banka AS(a)		289,795	$	10,669,191
Moneta Money Bank AS(a)(b)		1,779,751		6,672,477
				34,812,371
Egypt — 0.1%
Commercial International Bank Egypt SAE		4,852,366		16,575,561
Eastern Co. SAE		4,643,222		3,483,122
Fawry for Banking & Payment Technology Services SAE(a)		1,000,000		1,387,269
				21,445,952
Greece — 0.2%
Eurobank Ergasias Services and Holdings SA, Class A(a)		9,810,746		9,161,128
FF Group(a)(d)		246,892		1,445,148
Hellenic Telecommunications Organization SA		864,290		15,576,966
JUMBO SA		417,642		8,136,121
OPAP SA		745,983		11,723,837
				46,043,200
Hungary — 0.2%
MOL Hungarian Oil & Gas PLC(a)		1,626,334		13,154,030
OTP Bank Nyrt(a)		846,432		46,239,914
Richter Gedeon Nyrt		557,028		15,781,967
				75,175,911
India — 9.9%
ACC Ltd.		293,719		8,038,766
Adani Enterprises Ltd.(a)		794,262		14,417,797
Adani Green Energy Ltd.(a)		1,497,977		26,220,414
Adani Ports & Special Economic Zone Ltd.(a)		1,890,636		20,055,004
Adani Total Gas Ltd.(a)		779,501		14,484,164
Adani Transmission Ltd.(a)		828,849		16,851,097
Ambuja Cements Ltd.		2,620,968		11,835,073
Apollo Hospitals Enterprise Ltd.		357,112		15,688,296
Asian Paints Ltd.		1,461,531		59,999,553
Aurobindo Pharma Ltd.		1,112,494		15,360,245
Avenue Supermarts Ltd.(a)(b)		617,483		26,151,008
Axis Bank Ltd.(a)		8,551,073		88,215,705
Bajaj Auto Ltd.(a)		270,238		15,603,484
Bajaj Finance Ltd.(a)		1,025,389		79,603,990
Bajaj Finserv Ltd.(a)		146,483		23,879,166
Balkrishna Industries Ltd.		364,660		11,060,783
Bandhan Bank Ltd.(a)(b)		2,493,419		10,551,957
Berger Paints India Ltd.		960,901		10,681,864
Bharat Electronics Ltd.		4,603,427		9,213,917
Bharat Forge Ltd.(a)		889,598		8,278,495
Bharat Petroleum Corp. Ltd.		3,247,389		21,137,136
Bharti Airtel Ltd.		9,268,468		68,487,364
Biocon Ltd.(a)		1,502,574		8,051,201
Britannia Industries Ltd.		410,398		19,499,695
Cholamandalam Investment and Finance Co. Ltd.		1,549,270		11,720,197
Cipla Ltd.(a)		1,738,306		22,704,534
Coal India Ltd.		4,778,713		9,736,564
Colgate-Palmolive India Ltd.		423,813		10,068,850
Container Corp. of India Ltd.		971,128		9,134,933
Dabur India Ltd.		2,112,443		15,795,495
Divi’s Laboratories Ltd.(a)		505,585		29,175,068
DLF Ltd.		2,351,369		9,351,847
Dr. Reddy’s Laboratories Ltd.		438,918		32,044,279
Eicher Motors Ltd.(a)		519,592		19,097,500
GAIL India Ltd.		6,125,749		13,539,960

7 

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

Security	Shares		Value
India (continued)
Godrej Consumer Products Ltd.(a)		1,470,777	$	17,420,674
Grasim Industries Ltd.		1,094,423		22,155,016
Havells India Ltd.		767,213		10,911,430
HCL Technologies Ltd.		4,100,418		53,483,311
HDFC Asset Management Co. Ltd.(b)		194,081		7,934,639
HDFC Life Insurance Co. Ltd.(a)(b)		2,917,595		26,763,760
Hero MotoCorp Ltd.		463,714		19,200,441
Hindalco Industries Ltd.		6,068,182		32,952,568
Hindustan Petroleum Corp. Ltd.		2,525,811		9,720,038
Hindustan Unilever Ltd.		3,118,505		100,679,035
Housing Development Finance Corp. Ltd.		6,480,172		227,768,529
ICICI Bank Ltd.(a)		19,347,767		177,363,366
ICICI Lombard General Insurance Co. Ltd.(b)		803,504		16,342,566
ICICI Prudential Life Insurance Co. Ltd.(a)(b)		1,355,878		10,377,360
Indian Oil Corp. Ltd.		6,972,862		10,514,390
Indraprastha Gas Ltd.		1,187,732		8,649,054
Indus Towers Ltd.		2,340,768		7,826,919
Info Edge India Ltd.(a)		278,382		16,742,596
Infosys Ltd.		12,866,621		247,289,105
InterGlobe Aviation Ltd.(a)(b)		369,259		8,920,392
Ipca Laboratories Ltd.		283,549		8,096,937
ITC Ltd.		11,007,705		32,931,640
JSW Steel Ltd.		3,209,062		31,516,738
Jubilant Foodworks Ltd.(a)		294,720		12,647,601
Kotak Mahindra Bank Ltd.(a)		2,097,073		52,227,921
Larsen & Toubro Infotech Ltd.(b)		204,171		11,113,650
Larsen & Toubro Ltd.		2,591,018		52,555,294
Lupin Ltd.		862,188		14,488,226
Mahindra & Mahindra Ltd.		3,196,331		35,638,022
Marico Ltd.		1,789,818		11,755,645
Maruti Suzuki India Ltd.		520,241		50,740,003
Motherson Sumi Systems Ltd.(a)		4,765,117		15,767,562
MRF Ltd.		7,670		8,846,478
Muthoot Finance Ltd.		492,055		8,946,785
Nestle India Ltd.		129,060		31,384,092
NTPC Ltd.		17,210,407		26,238,248
Oil & Natural Gas Corp. Ltd.		9,462,515		14,813,050
Page Industries Ltd.		21,923		9,316,888
Petronet LNG Ltd.		2,596,774		8,670,091
PI Industries Ltd.		330,162		11,908,889
Pidilite Industries Ltd.(a)		577,529		16,705,372
Piramal Enterprises Ltd.		381,368		9,529,999
Power Grid Corp. of India Ltd.		8,228,415		25,619,251
REC Ltd.		3,216,824		6,478,031
Reliance Industries Ltd.		10,767,108		319,654,150
SBI Cards & Payment Services Ltd.		708,456		10,196,671
SBI Life Insurance Co. Ltd.(b)		1,566,899		21,074,263
Shree Cement Ltd.(a)		39,533		15,078,234
Shriram Transport Finance Co. Ltd.		727,020		14,272,444
Siemens Ltd.		272,736		7,860,221
State Bank of India(a)		6,707,012		39,253,030
Sun Pharmaceutical Industries Ltd.		3,150,730		29,026,313
Tata Consultancy Services Ltd.		3,491,804		152,310,077
Tata Consumer Products Ltd.		2,302,336		21,067,550
Tata Motors Ltd.(a)		6,298,584		27,641,396
Tata Steel Ltd.		2,375,943		36,933,345
Tech Mahindra Ltd.		2,394,210		33,831,361
Titan Co. Ltd.		1,344,461		29,523,431
Torrent Pharmaceuticals Ltd.		193,897		7,338,218
Trent Ltd.		725,757		8,572,163

Security	Shares		Value
India (continued)
UltraTech Cement Ltd.		400,684	$	36,990,132
United Spirits Ltd.(a)		1,160,174		9,821,092
UPL Ltd.		1,914,253		21,524,021
Vedanta Ltd.		4,349,166		16,427,325
Wipro Ltd.		5,174,608		38,474,973
Yes Bank Ltd.(a)		40,026,167		7,447,503
				3,231,004,916
Indonesia — 1.2%
Adaro Energy Tbk PT		54,803,000		4,563,798
Aneka Tambang Tbk		31,844,500		5,463,522
Astra International Tbk PT		76,713,100		28,165,252
Bank Central Asia Tbk PT		41,922,400		93,485,941
Bank Mandiri Persero Tbk PT		70,320,900		29,493,043
Bank Negara Indonesia Persero Tbk PT		27,768,676		10,494,450
Bank Rakyat Indonesia Persero Tbk PT		208,373,110		62,145,747
Barito Pacific Tbk PT		108,232,700		6,811,180
Charoen Pokphand Indonesia Tbk PT		28,865,245		13,630,658
Gudang Garam Tbk PT(a)		1,658,800		3,847,382
Indah Kiat Pulp & Paper Tbk PT		10,659,400		6,342,318
Indocement Tunggal Prakarsa Tbk PT		5,862,100		4,962,934
Indofood CBP Sukses Makmur Tbk PT		8,569,500		4,918,067
Indofood Sukses Makmur Tbk PT		16,554,200		7,356,458
Kalbe Farma Tbk PT		79,505,315		8,066,101
Merdeka Copper Gold Tbk PT(a)		40,695,400		7,696,138
Sarana Menara Nusantara Tbk PT		88,507,600		7,276,277
Semen Indonesia Persero Tbk PT		11,553,300		7,842,784
Telkom Indonesia Persero Tbk PT		182,935,900		44,123,697
Tower Bersama Infrastructure Tbk PT		29,963,900		5,432,336
Unilever Indonesia Tbk PT		28,337,300		11,608,604
United Tractors Tbk PT		6,320,053		9,974,059
				383,700,746
Kuwait — 0.5%
Agility Public Warehousing Co. KSC		4,202,065		12,831,692
Boubyan Bank KSCP		5,233,357		11,668,325
Kuwait Finance House KSCP		17,717,314		43,859,109
Mabanee Co. KPSC		2,203,741		5,199,057
Mobile Telecommunications Co. KSCP		7,545,391		14,904,573
National Bank of Kuwait SAKP		25,755,028		71,148,233
				159,610,989
Malaysia — 1.3%
AMMB Holdings Bhd		6,707,975		4,624,243
Axiata Group Bhd		10,863,100		9,713,927
CIMB Group Holdings Bhd		23,723,900		24,563,721
Dialog Group Bhd		15,047,812		10,517,975
DiGi.Com Bhd		12,309,700		12,676,704
Fraser & Neave Holdings Bhd(c)		563,000		3,622,970
Genting Bhd		7,968,900		9,405,326
Genting Malaysia Bhd		11,443,300		7,723,916
HAP Seng Consolidated Bhd		2,452,400		4,814,458
Hartalega Holdings Bhd(c)		6,486,600		14,108,183
Hong Leong Bank Bhd		2,576,200		11,461,751
Hong Leong Financial Group Bhd		985,900		4,183,428
IHH Healthcare Bhd(c)		6,585,500		8,439,224
IOI Corp. Bhd		8,390,620		8,302,319
Kossan Rubber Industries		4,969,500		4,858,020
Kuala Lumpur Kepong Bhd		1,782,600		9,573,901
Malayan Banking Bhd(c)		13,995,500		27,682,886
Malaysia Airports Holdings Bhd		4,126,900		5,580,282
Maxis Bhd		9,357,400		10,522,030

8 

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

Security	Shares		Value
Malaysia (continued)
MISC Bhd	4,828,100	$	8,018,580
Nestle Malaysia Bhd	278,300		9,187,689
Petronas Chemicals Group Bhd	9,303,300		18,101,402
Petronas Dagangan Bhd	1,107,300		5,062,002
Petronas Gas Bhd	2,909,800		11,402,676
PPB Group Bhd	2,526,260		11,318,818
Press Metal Aluminium Holdings Bhd	11,732,700		14,754,156
Public Bank Bhd	54,746,850		55,757,498
QL Resources Bhd	4,243,000		6,158,945
RHB Bank Bhd	6,238,425		7,999,268
Sime Darby Bhd	10,233,073		5,669,224
Sime Darby Plantation Bhd(c)	8,457,073		9,305,968
Supermax Corp. Bhd(c)	5,791,002		5,771,315
Telekom Malaysia Bhd	4,350,100		6,470,506
Tenaga Nasional Bhd	8,169,350		19,659,573
Top Glove Corp. Bhd(c)	19,871,200		24,870,123
Westports Holdings Bhd	3,809,500		3,972,165
			415,855,172
Mexico — 1.8%
America Movil SAB de CV, Series L, NVS	127,897,400		100,170,672
Arca Continental SAB de CV	1,624,136		9,142,390
Becle SAB de CV	1,920,000		4,840,004
Cemex SAB de CV, CPO, NVS(a)	57,856,773		48,799,768
Coca-Cola Femsa SAB de CV	1,944,493		9,713,679
Fibra Uno Administracion SA de CV	12,116,700		14,301,818
Fomento Economico Mexicano SAB de CV	7,355,100		62,033,500
Gruma SAB de CV, Class B	794,040		8,650,802
Grupo Aeroportuario del Pacifico SAB de CV, Class B	1,492,800		16,187,114
Grupo Aeroportuario del Sureste SAB de CV, Class B(a)	801,070		14,520,047
Grupo Bimbo SAB de CV, Series A(c)	5,964,400		13,106,828
Grupo Carso SAB de CV, Series A1(a)	1,876,841		5,713,067
Grupo Financiero Banorte SAB de CV, Class O.	9,803,856		67,890,645
Grupo Financiero Inbursa SAB de CV, Class O(a)	9,083,300		9,252,945
Grupo Mexico SAB de CV, Series B	11,840,788		57,753,417
Grupo Televisa SAB, CPO	9,175,800		24,365,301
Industrias Penoles SAB de CV(a)	544,863		8,272,518
Kimberly-Clark de Mexico SAB de CV, Class A	5,863,800		10,627,733
Megacable Holdings SAB de CV, CPO	1,197,960		4,551,743
Orbia Advance Corp. SAB de CV	4,147,034		11,813,571
Promotora y Operadora de Infraestructura SAB de CV	852,475		6,797,373
Telesites SAB de CV(a)(c)	4,990,200		4,968,153
Wal-Mart de Mexico SAB de CV	19,330,200		63,625,259
			577,098,347
Pakistan — 0.0%
Habib Bank Ltd.	2,457,141		2,152,188
Lucky Cement Ltd.(a)	200,000		1,207,275
MCB Bank Ltd.	1,743,032		1,872,968
			5,232,431
Peru — 0.2%
Cia. de Minas Buenaventura SAA, ADR(a)	837,556		9,648,645
Credicorp Ltd.	252,342		34,689,455
Southern Copper Corp.	324,324		22,618,356
			66,956,456

Security	Shares		Value
Philippines — 0.6%
Aboitiz Equity Ventures Inc.		7,921,420	$	6,680,000
Ayala Corp.		1,113,636		18,499,440
Ayala Land Inc.		29,754,600		21,414,472
Bank of the Philippine Islands		5,749,274		10,103,855
BDO Unibank Inc.		7,509,821		16,289,657
Globe Telecom Inc.		118,135		4,463,660
GT Capital Holdings Inc.		385,152		4,751,764
International Container Terminal Services Inc.		3,873,470		11,596,706
JG Summit Holdings Inc.		11,882,623		14,165,366
Jollibee Foods Corp.		1,727,369		6,971,274
Manila Electric Co.		832,020		4,936,071
Metro Pacific Investments Corp.		55,273,500		4,601,033
Metropolitan Bank & Trust Co.		6,705,365		6,733,275
PLDT Inc.		307,978		8,473,060
SM Investments Corp.		958,962		19,464,726
SM Prime Holdings Inc.		37,382,825		28,137,882
Universal Robina Corp.		3,523,470		10,246,610
				197,528,851
Poland — 0.7%
Allegro.eu SA(a)(b)		1,345,459		21,101,364
Bank Polska Kasa Opieki SA(a)		692,691		18,075,726
CD Projekt SA(c)		258,453		11,841,080
Cyfrowy Polsat SA		1,023,983		8,494,895
Dino Polska SA(a)(b)		187,673		14,525,610
KGHM Polska Miedz SA(a)		533,170		29,291,065
LPP SA(a)		4,814		14,665,252
Orange Polska SA(a)		2,547,255		4,612,350
PGE Polska Grupa Energetyczna SA(a)		3,208,293		8,714,261
Polski Koncern Naftowy ORLEN SA		1,103,168		24,537,757
Polskie Gornictwo Naftowe i Gazownictwo SA		6,576,189		11,783,686
Powszechna Kasa Oszczednosci Bank Polski SA(a)		3,277,109		36,237,267
Powszechny Zaklad Ubezpieczen SA(a)		2,197,071		22,138,918
Santander Bank Polska SA(a)		136,784		9,915,732
				235,934,963
Qatar — 0.6%
Barwa Real Estate Co.		7,301,796		6,273,441
Commercial Bank PSQC (The)		8,086,303		11,694,886
Industries Qatar QSC		6,600,256		23,081,214
Masraf Al Rayan QSC		13,629,661		16,378,220
Mesaieed Petrochemical Holding Co.		17,685,345		9,013,287
Ooredoo QPSC		3,181,902		5,960,820
Qatar Electricity & Water Co. QSC		2,063,220		8,926,747
Qatar Fuel QSC		1,862,260		9,011,260
Qatar Gas Transport Co. Ltd.		9,093,194		7,654,819
Qatar International Islamic Bank QSC		2,255,495		5,812,509
Qatar Islamic Bank SAQ		4,491,715		21,006,344
Qatar National Bank QPSC		16,655,816		79,695,054
				204,508,601
Russia — 3.0%
Alrosa PJSC.		9,840,640		15,747,948
Gazprom PJSC		43,357,829		154,016,539
Gazprom PJSC, ADR		548,498		3,894,125
Inter RAO UES PJSC		134,210,000		9,266,887
LUKOIL PJSC		1,573,243		128,633,809
Magnit PJSC, GDR		1,293,737		19,755,364
Mail.Ru Group Ltd., GDR(a)		420,449		9,590,835
MMC Norilsk Nickel PJSC		239,671		86,180,326
Mobile TeleSystems PJSC, ADR		1,698,634		15,491,542

9 

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

Security	Shares		Value
Russia (continued)
Moscow Exchange MICEX-RTS PJSC		5,222,230	$	11,985,157
Novatek PJSC, GDR.		346,714		69,021,064
Novolipetsk Steel PJSC		5,661,470		20,211,288
PhosAgro PJSC, GDR		538,613		11,020,022
Polymetal International PLC		1,337,100		31,707,604
Polyus PJSC		128,881		27,898,987
Rosneft Oil Co. PJSC		4,365,417		31,590,204
Sberbank of Russia PJSC		40,499,561		171,101,436
Severstal PAO		795,848		18,283,138
Surgutneftegas PJSC		21,272,460		10,550,717
Surgutneftegas PJSC, ADR		572,331		2,807,771
Tatneft PJSC		5,318,116		36,058,837
VTB Bank PJSC		12,111,051,998		8,044,206
X5 Retail Group NV, GDR		464,569		14,084,497
Yandex NV, Class A(a)		1,152,078		77,485,881
				984,428,184
Saudi Arabia — 2.8%
Abdullah Al Othaim Markets Co.		147,630		5,067,768
Advanced Petrochemical Co.		402,984		8,840,345
Al Rajhi Bank		4,629,746		127,516,524
Alinma Bank		3,682,259		19,731,988
Almarai Co. JSC		961,045		14,135,384
Arab National Bank		2,255,626		13,380,549
Bank AlBilad.		1,443,663		14,565,864
Bank Al-Jazira		1,724,128		8,512,957
Banque Saudi Fransi		2,275,045		22,024,557
Bupa Arabia for Cooperative Insurance Co.(a)		232,927		7,343,422
Co for Cooperative Insurance (The)		223,604		4,787,788
Dar Al Arkan Real Estate Development Co.(a)		2,107,642		5,839,570
Dr Sulaiman Al Habib Medical Services Group Co.		202,208		8,897,863
Emaar Economic City(a)		1,464,264		4,413,017
Etihad Etisalat Co.		1,478,378		13,046,197
Jarir Marketing Co.		219,508		12,306,587
Mobile Telecommunications Co.(a)		1,545,883		6,026,481
Mouwasat Medical Services Co.		185,150		9,145,453
National Industrialization Co.(a)		1,388,708		6,956,258
National Petrochemical Co.		453,429		5,701,010
Rabigh Refining & Petrochemical Co.(a)		902,643		5,439,851
Riyad Bank		5,156,288		36,158,368
SABIC Agri-Nutrients Co.		771,485		21,183,347
Sahara International Petrochemical Co.		1,396,771		10,775,850
Saudi Airlines Catering Co.(a)		21,993		466,336
Saudi Arabian Mining Co.(a)		1,677,271		26,527,949
Saudi Arabian Oil Co.(b)		7,974,149		75,095,622
Saudi Basic Industries Corp.		3,412,015		113,385,536
Saudi British Bank (The)		3,081,525		25,199,354
Saudi Cement Co.		279,520		4,896,864
Saudi Electricity Co.		3,071,892		20,232,180
Saudi Industrial Investment Group		832,050		8,398,052
Saudi Kayan Petrochemical Co.(a)		2,961,172		14,066,666
Saudi National Bank		8,266,972		117,052,520
Saudi Telecom Co.		2,276,745		75,817,055
Savola Group (The)		999,285		10,886,575
Yanbu National Petrochemical Co.		967,058		17,990,031
				901,811,738
South Africa — 3.8%
Absa Group Ltd.(a)		2,728,185		28,346,695
African Rainbow Minerals Ltd.		420,409		8,112,731

Security	Shares		Value
South Africa (continued)
Anglo American Platinum Ltd.		203,808	$	26,872,985
AngloGold Ashanti Ltd.		1,585,550		39,153,090
Aspen Pharmacare Holdings Ltd.(a)		1,487,229		17,374,612
Bid Corp. Ltd.(a)		1,292,786		27,244,541
Bidvest Group Ltd. (The)		1,062,149		14,968,885
Capitec Bank Holdings Ltd.		305,834		36,989,908
Clicks Group Ltd.		957,765		17,895,654
Discovery Ltd.(a)(c)		1,551,400		15,826,672
Exxaro Resources Ltd.		990,330		11,055,766
FirstRand Ltd.		18,362,981		74,656,841
Gold Fields Ltd.		3,403,675		42,921,233
Growthpoint Properties Ltd.		11,417,677		11,971,732
Harmony Gold Mining Co. Ltd.		2,132,417		11,408,448
Impala Platinum Holdings Ltd.		3,016,428		54,823,794
Kumba Iron Ore Ltd.		248,864		11,547,442
Mr. Price Group Ltd.		974,684		16,500,229
MTN Group Ltd.(a)		6,434,627		46,420,089
MultiChoice Group		1,516,916		15,171,086
Naspers Ltd., Class N(c)		1,642,924		363,835,045
Nedbank Group Ltd.		1,419,707		16,765,656
NEPI Rockcastle PLC		1,638,281		11,432,452
Northam Platinum Ltd.(a)		1,389,641		23,500,441
Old Mutual Ltd.		18,011,152		18,684,021
Rand Merchant Investment Holdings Ltd.		3,203,841		7,519,550
Reinet Investments SCA		583,733		12,095,901
Remgro Ltd.		1,974,578		17,150,738
Sanlam Ltd.		7,152,574		30,862,025
Sasol Ltd.(a)		2,141,635		34,818,548
Shoprite Holdings Ltd.		1,894,769		21,257,160
Sibanye Stillwater Ltd.		10,558,337		49,990,683
SPAR Group Ltd. (The)		722,380		10,017,527
Standard Bank Group Ltd.		4,797,189		47,206,812
Tiger Brands Ltd.		630,545		10,125,323
Vodacom Group Ltd.		2,400,481		22,788,690
Woolworths Holdings Ltd.(a)		3,806,251		15,407,000
				1,242,720,005
South Korea — 12.2%
Alteogen Inc.(a)(c)		106,427		6,970,367
Amorepacific Corp.		121,654		31,271,179
AMOREPACIFIC Group		113,905		7,917,510
BGF retail Co. Ltd.		32,161		5,232,098
Celltrion Healthcare Co. Ltd.(a)		315,829		34,182,160
Celltrion Inc.(a)		363,402		89,351,114
Celltrion Pharm Inc.(a)		62,075		7,740,383
Cheil Worldwide Inc.		267,725		6,214,514
CJ CheilJedang Corp.(c)		32,234		14,114,089
CJ Corp.		55,901		5,735,674
CJ ENM Co. Ltd.		40,688		6,027,229
CJ Logistics Corp.(a)		33,697		5,136,539
Coway Co. Ltd.		195,412		14,581,356
Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)(c)		148,920		4,494,623
DB Insurance Co. Ltd.		182,065		8,272,931
Doosan Bobcat Inc.(a)		200,066		9,194,229
Doosan Heavy Industries & Construction Co. Ltd.(a)(c)		811,155		14,472,165
Douzone Bizon Co. Ltd.		75,161		5,565,676
E-MART Inc.		72,985		10,406,228
Fila Holdings Corp.		193,308		9,434,300
Green Cross Corp.		22,079		6,755,173

10 

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

Security	Shares		Value
South Korea (continued)
GS Engineering & Construction Corp.		230,839	$	9,253,009
GS Holdings Corp.		189,084		7,808,901
Hana Financial Group Inc.		1,127,342		47,030,913
Hankook Tire & Technology Co. Ltd.		290,518		12,718,187
Hanmi Pharm Co. Ltd.		25,655		8,180,138
Hanon Systems		725,304		11,003,522
Hanwha Solutions Corp.(a)		459,421		18,533,572
HLB Inc.(a)(c)		347,335		10,700,526
HMM Co. Ltd.(a)		977,467		41,934,704
Hotel Shilla Co. Ltd.		119,024		10,825,030
HYBE Co. Ltd.(a)		35,756		8,491,826
Hyundai Engineering & Construction Co. Ltd.		287,337		14,769,593
Hyundai Glovis Co. Ltd.		71,084		12,021,052
Hyundai Heavy Industries Holdings Co. Ltd.		184,120		11,628,935
Hyundai Mobis Co. Ltd.		251,005		62,899,490
Hyundai Motor Co.		531,195		111,668,801
Hyundai Steel Co.		330,494		15,795,213
Industrial Bank of Korea		929,304		8,993,501
Kakao Corp.		1,172,769		129,266,142
Kangwon Land Inc.(a)		389,302		10,039,972
KB Financial Group Inc.		1,486,949		78,590,800
Kia Corp.		995,387		76,099,951
KMW Co. Ltd.(a)(c)		102,473		5,001,253
Korea Aerospace Industries Ltd.		278,004		8,491,812
Korea Electric Power Corp.		940,188		21,732,185
Korea Investment Holdings Co. Ltd.		160,720		14,957,322
Korea Shipbuilding & Offshore Engineering  Co. Ltd.(a)		148,402		18,958,438
Korea Zinc Co. Ltd.		32,734		13,245,009
Korean Air Lines Co. Ltd.(a)		586,434		16,797,374
KT&G Corp.		422,158		31,908,289
Kumho Petrochemical Co. Ltd.		69,653		14,431,630
LG Chem Ltd.		172,969		126,888,692
LG Corp.		334,782		30,303,623
LG Display Co. Ltd.(a)(c)		874,654		18,853,227
LG Electronics Inc.		403,233		54,956,358
LG Household & Health Care Ltd.		34,965		48,839,160
LG Innotek Co. Ltd.		54,261		9,951,815
LG Uplus Corp.		774,287		10,473,667
Lotte Chemical Corp.		64,188		16,050,745
Lotte Shopping Co. Ltd.(c)		41,135		4,474,859
LX Holdings Corp.(a)		162,347		1,593,921
Meritz Securities Co. Ltd.		1,100,185		4,424,756
Mirae Asset Securities Co. Ltd.		1,144,174		10,144,936
NAVER Corp.		465,325		151,173,283
NCSoft Corp.		62,230		48,446,600
Netmarble Corp.(b)(c)		81,691		10,221,105
NH Investment & Securities Co. Ltd.		475,485		5,600,264
Orion Corp./Republic of Korea(c)		90,476		9,688,030
Ottogi Corp.		23		11,253
Pan Ocean Co. Ltd.(c)		1,053,281		6,428,708
Pearl Abyss Corp.(a)		116,310		6,319,754
POSCO		278,574		88,599,437
POSCO Chemical Co. Ltd.		112,807		14,655,742
S-1 Corp.		65,609		4,764,932
Samsung Biologics Co. Ltd.(a)(b)		62,332		47,275,033
Samsung C&T Corp.		314,208		38,977,800
Samsung Electro-Mechanics Co. Ltd.		209,914		32,093,788
Samsung Electronics Co. Ltd.		18,007,888		1,299,065,572
Samsung Engineering Co. Ltd.(a)		601,843		10,200,348

Security	Shares		Value
South Korea (continued)
Samsung Fire & Marine Insurance Co. Ltd.		116,157	$	22,005,348
Samsung Heavy Industries Co. Ltd.(a)(c)		1,782,821		9,664,105
Samsung Life Insurance Co. Ltd.		265,667		19,935,880
Samsung SDI Co. Ltd.		208,152		114,804,665
Samsung SDS Co. Ltd.		128,749		20,939,672
Samsung Securities Co. Ltd.		241,536		10,265,809
Seegene Inc.(c)		138,930		8,449,176
Shin Poong Pharmaceutical Co. Ltd.(c)		117,401		6,806,539
Shinhan Financial Group Co. Ltd.		1,641,777		62,587,053
Shinsegae Inc.(c)		27,496		7,917,566
SK Biopharmaceuticals Co. Ltd.(a)(c)		102,958		10,470,807
SK Chemicals Co. Ltd.		29,501		6,704,723
SK Holdings Co. Ltd.		120,331		28,535,116
SK Hynix Inc.		2,059,827		234,645,199
SK Innovation Co. Ltd.(a)		192,908		45,756,599
SK Telecom Co. Ltd.		148,381		42,325,002
SKC Co. Ltd.		78,699		8,976,145
S-Oil Corp.(a)		171,221		14,354,655
Woori Financial Group Inc.		1,914,635		19,121,657
Yuhan Corp.(c)		189,443		11,142,049
				3,982,731,800
Taiwan — 13.8%
Accton Technology Corp.		1,926,000		21,376,179
Acer Inc.(c)		11,261,121		12,926,573
Advantech Co. Ltd.(c)		1,483,455		17,639,525
Airtac International Group		474,000		17,040,718
ASE Technology Holding Co. Ltd.(c)		12,377,110		49,640,926
Asia Cement Corp.(c)		8,148,077		15,258,868
ASMedia Technology Inc.(c)		107,000		5,818,588
Asustek Computer Inc.(c)		2,671,968		38,002,271
AU Optronics Corp.(a)(c)		30,998,000		28,660,311
Catcher Technology Co. Ltd.(c)		2,533,210		16,769,448
Cathay Financial Holding Co. Ltd.		28,940,710		58,254,573
Chailease Holding Co. Ltd.(c)		4,737,990		35,614,241
Chang Hwa Commercial Bank Ltd.(c)		20,187,653		12,255,432
Cheng Shin Rubber Industry Co. Ltd.		7,127,128		11,980,086
China Development Financial Holding Corp.(c)		51,021,848		22,869,344
China Life Insurance Co. Ltd.		8,341,679		7,439,082
China Steel Corp.(c)		44,726,313		59,544,746
Chunghwa Telecom Co. Ltd.		13,968,410		57,226,204
Compal Electronics Inc.(c)		15,571,908		13,157,625
CTBC Financial Holding Co. Ltd.		66,289,772		55,030,827
Delta Electronics Inc.(c)		7,381,000		78,639,571
E.Sun Financial Holding Co. Ltd.(c)		42,404,186		39,028,562
Eclat Textile Co. Ltd.		723,427		16,818,160
Evergreen Marine Corp. Taiwan Ltd.(a)		9,779,810		34,713,266
Far Eastern New Century Corp.		11,156,038		12,717,198
Far EasTone Telecommunications Co. Ltd.		5,930,000		13,777,091
Feng TAY Enterprise Co. Ltd.		1,541,137		13,385,873
First Financial Holding Co. Ltd.		38,859,586		30,842,096
Formosa Chemicals & Fibre Corp.		13,532,090		41,719,321
Formosa Petrochemical Corp.(c)		4,442,000		15,995,571
Formosa Plastics Corp.		14,577,280		54,374,500
Foxconn Technology Co. Ltd.(c)		3,514,637		8,253,398
Fubon Financial Holding Co. Ltd.(c)		24,094,969		62,768,706
Giant Manufacturing Co. Ltd.		1,163,203		13,895,911
Globalwafers Co. Ltd.(c)		829,000		25,029,012
Hiwin Technologies Corp.		995,803		13,169,412
Hon Hai Precision Industry Co. Ltd.		47,064,873		192,290,510
Hotai Motor Co. Ltd.(c)		1,141,000		23,447,479

11 

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

Security	Shares		Value
Taiwan (continued)
Hua Nan Financial Holdings Co. Ltd.	32,769,327	$	21,561,462
Innolux Corp.(c)	32,442,002		28,398,364
Inventec Corp.(c)	9,651,281		8,979,836
Largan Precision Co. Ltd.(c)	377,000		41,120,442
Lite-On Technology Corp.	8,145,246		19,438,846
MediaTek Inc.	5,711,338		204,290,872
Mega Financial Holding Co. Ltd.	40,456,162		48,269,738
Micro-Star International Co. Ltd.	2,611,000		15,520,464
Nan Ya Plastics Corp.	19,778,160		60,229,956
Nan Ya Printed Circuit Board Corp.(c)	868,000		10,300,370
Nanya Technology Corp.(c)	4,682,000		13,792,176
Nien Made Enterprise Co. Ltd.	627,000		9,200,862
Novatek Microelectronics Corp.(c)	2,199,000		42,228,579
Oneness Biotech Co. Ltd.(a)(c)	820,000		6,024,279
Pegatron Corp.(c)	7,344,414		19,455,036
Phison Electronics Corp.(c)	574,535		10,097,484
Pou Chen Corp.	8,954,220		12,148,229
Powertech Technology Inc.	2,847,300		10,981,725
President Chain Store Corp.(c)	2,045,000		19,509,479
Quanta Computer Inc.(c)	10,447,000		33,792,745
Realtek Semiconductor Corp.	1,801,637		32,371,153
Ruentex Development Co. Ltd.(c)	3,451,687		6,523,114
Shanghai Commercial & Savings Bank Ltd. (The)	13,410,318		21,955,309
Shin Kong Financial Holding Co. Ltd.	41,471,582		15,020,946
Silergy Corp.	292,000		38,586,545
SinoPac Financial Holdings Co. Ltd.	40,565,626		19,805,785
Synnex Technology International Corp.	5,186,834		11,178,068
Taishin Financial Holding Co. Ltd.	37,791,877		20,158,336
Taiwan Business Bank	23,238,817		8,054,007
Taiwan Cement Corp.(c)	18,428,725		34,284,858
Taiwan Cooperative Financial Holding Co. Ltd.	35,318,975		26,675,340
Taiwan High Speed Rail Corp.	7,278,000		7,724,341
Taiwan Mobile Co. Ltd.	5,959,600		21,590,808
Taiwan Semiconductor Manufacturing Co. Ltd.	92,999,000		1,997,997,985
Unimicron Technology Corp.	4,587,000		18,546,991
Uni-President Enterprises Corp.	18,241,839		48,384,879
United Microelectronics Corp.(c)	44,605,000		84,789,234
Vanguard International Semiconductor Corp.(c)	3,438,000		14,606,481
Walsin Technology Corp.	1,180,000		8,909,723
Wan Hai Lines Ltd.	1,777,000		9,295,520
Win Semiconductors Corp.(c)	1,287,000		15,097,955
Winbond Electronics Corp.(c)	11,501,000		14,112,613
Wistron Corp.(c)	10,362,940		11,486,490
Wiwynn Corp.	298,000		9,992,909
WPG Holdings Ltd.	6,169,449		11,528,580
Yageo Corp.(c)	1,403,861		25,483,654
Yang Ming Marine Transport Corp.(a)	5,985,000		22,061,209
Yuanta Financial Holding Co. Ltd.	37,156,980		34,281,146
Zhen Ding Technology Holding Ltd.	2,387,075		8,334,781
			4,481,550,908
Thailand — 1.7%
Advanced Info Service PCL, NVDR	4,406,900		23,750,718
Airports of Thailand PCL, NVDR(c)	15,955,200		32,143,103
Asset World Corp. PCL, NVDR(a)(c)	28,078,300		4,286,559
B Grimm Power PCL, NVDR	3,069,100		4,345,133
Bangkok Bank PCL, Foreign	2,049,900		7,577,393
Bangkok Commercial Asset Management PCL, NVDR(c)	6,941,600		4,194,577
Bangkok Dusit Medical Services PCL, NVDR	36,327,900		25,077,628

Security	Shares		Value
Thailand (continued)
Bangkok Expressway & Metro PCL, NVDR		29,670,300	$	7,779,648
Berli Jucker PCL, NVDR(c)		4,519,100		5,020,259
BTS Group Holdings PCL, NVDR(c)		28,661,000		8,389,524
Bumrungrad Hospital PCL, NVDR		1,635,400		6,899,978
Carabao Group PCL, NVDR		810,200		3,432,142
Central Pattana PCL, NVDR(c)		8,008,600		12,997,317
Central Retail Corp. PCL, NVDR		6,909,734		7,340,444
Charoen Pokphand Foods PCL, NVDR		15,186,300		13,231,873
CP ALL PCL, NVDR		21,881,900		42,506,212
Delta Electronics Thailand PCL, NVDR		1,195,800		22,261,762
Electricity Generating PCL, NVDR(c)		1,100,400		6,157,107
Energy Absolute PCL, NVDR(c)		5,850,200		11,269,564
Global Power Synergy PCL, NVDR		2,720,600		6,348,528
Gulf Energy Development PCL, NVDR(c)		10,725,600		11,580,798
Home Product Center PCL, NVDR		24,349,114		10,819,580
Indorama Ventures PCL, NVDR		6,653,780		9,722,528
Intouch Holdings PCL, NVDR		7,830,300		16,089,711
Kasikornbank PCL, NVDR		1,206,600		4,592,509
Krung Thai Bank PCL, NVDR		12,820,700		4,470,724
Krungthai Card PCL, NVDR		3,280,200		7,655,122
Land & Houses PCL, NVDR		31,693,900		8,162,405
Minor International PCL, NVDR(a)		12,128,220		12,415,609
Muangthai Capital PCL, NVDR		2,862,000		5,668,981
Osotspa PCL, NVDR(c)		3,117,600		3,687,529
PTT Exploration & Production PCL, NVDR		5,273,039		19,970,530
PTT Global Chemical PCL, NVDR		8,686,930		17,555,815
PTT Oil & Retail Business, NVDR		10,868,600		10,425,436
PTT PCL, NVDR		38,736,400		48,903,467
Ratch Group PCL, NVDR		3,051,800		5,002,485
SCG Packaging PCL, NVDR		3,300,600		5,834,416
Siam Cement PCL (The), NVDR		2,965,100		41,554,603
Siam Commercial Bank PCL (The), NVDR		3,167,000		10,379,294
Sri Trang Gloves Thailand PCL, NVDR(c)		3,567,400		4,994,360
Srisawad Corp. PCL, NVDR(c)		2,937,200		7,060,938
Thai Oil PCL, NVDR(c)		4,564,700		8,605,088
Thai Union Group PCL, NVDR		11,790,300		6,712,081
True Corp. PCL, NVDR(c)		44,862,101		4,531,025
				541,404,503
Turkey — 0.2%
Akbank TAS		11,362,781		6,978,227
Aselsan Elektronik Sanayi Ve Ticaret AS		2,665,203		4,636,083
BIM Birlesik Magazalar AS		1,749,232		13,059,380
Enka Insaat ve Sanayi AS		2		1
Eregli Demir ve Celik Fabrikalari TAS		5,319,150		11,964,459
Ford Otomotiv Sanayi AS		280,055		5,685,616
KOC Holding AS		2,729,954		5,912,630
Turkcell Iletisim Hizmetleri AS		4,358,368		8,059,603
Turkiye Garanti Bankasi AS		8,410,312		7,845,010
Turkiye Is Bankasi AS, Class C(c)		5,610,951		3,334,179
Turkiye Petrol Rafinerileri AS(a)		491,185		5,582,332
Turkiye Sise ve Cam Fabrikalari AS		4,834,340		4,372,307
				77,429,827
United Arab Emirates — 0.7%
Abu Dhabi Commercial Bank PJSC		10,509,533		19,474,156
Abu Dhabi Islamic Bank PJSC		4,784,179		7,232,326
Abu Dhabi National Oil Co. for Distribution PJSC		9,446,441		10,275,647
Aldar Properties PJSC		14,586,188		14,529,089
Dubai Islamic Bank PJSC		6,742,493		8,756,720

12 

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

Security	Shares		Value
United Arab Emirates (continued)
Emaar Malls PJSC(a)		348,165	$	186,572
Emaar Properties PJSC		13,532,603		14,606,634
Emirates NBD Bank PJSC		9,651,163		36,259,355
Emirates Telecommunications Group Co. PJSC		6,544,309		38,590,782
First Abu Dhabi Bank PJSC		15,348,576		70,464,921
				220,376,202
Total Common Stocks — 97.7%
(Cost: $21,091,081,467)				31,782,419,213
Preferred Stocks
Brazil — 1.3%
Alpargatas SA, Preference Shares, NVS		734,417		6,663,964
Banco Bradesco SA, Preference Shares, NVS		18,146,744		92,201,353
Bradespar SA, Preference Shares, NVS		863,338		11,796,208
Braskem SA, Class A, Preference Shares, NVS		717,088		6,889,229
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS		1,003,856		8,394,199
Cia. Energetica de Minas Gerais, Preference Shares, NVS		3,977,528		10,364,148
Cia. Paranaense de Energia, Preference Shares, NVS		3,626,956		4,440,006
Gerdau SA, Preference Shares, NVS		4,285,519		27,069,725
Itau Unibanco Holding SA, Preference Shares, NVS		18,188,895		103,094,951
Itausa SA, Preference Shares, NVS		16,889,319		35,193,508
Lojas Americanas SA, Preference Shares, NVS		3,471,511		13,248,720
Petroleo Brasileiro SA, Preference Shares, NVS.		18,091,896		93,276,521
				412,632,532
Chile — 0.1%
Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares, NVS		519,045		23,247,771
Colombia — 0.0%
Bancolombia SA, Preference Shares, NVS		1,831,660		13,633,715
Russia — 0.0%
Surgutneftegas PJSC, Preference Shares, NVS		26,144,500		16,621,938
South Korea — 0.7%
Hyundai Motor Co.
Preference Shares, NVS		88,692		8,805,939
Series 2, Preference Shares, NVS		122,436		12,264,814
LG Chem Ltd., Preference Shares, NVS		29,733		9,902,077
LG Household & Health Care Ltd., Preference Shares, NVS		8,053		5,196,733

	Shares/
Security	Par		Value
South Korea (continued)
Samsung Electronics Co. Ltd., Preference Shares, NVS		3,116,835	$	203,879,653
				240,049,216
Total Preferred Stocks — 2.1%
(Cost: $419,454,486)				706,185,172
Warrants
Thailand — 0.0%
Minor International PCL (Expires 02/15/24)(a)		379,007		50,939
Minor International PCL (Expires 05/05/23)(a)		418,214		65,308
				116,247
Total Warrants — 0.0%
(Cost: $0)				116,247
Corporate Bonds & Notes
India — 0.0%
Britannia Industries Ltd., 5.50%, 06/03/24 (d)	INR	12,304,265		169,849
Total Corporate Bonds & Notes — 0.0%
(Cost: $169,079)				169,849
Short-Term Investments
Money Market Funds — 3.0%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(e)(f)(g)		970,598,502		971,180,861
Total Short-Term Investments — 3.0%
(Cost: $970,799,182)				971,180,861
Total Investments in Securities — 102.8%
(Cost: $22,481,504,214)				33,460,071,342
Other Assets, Less Liabilities — (2.8)%				(925,258,789	)
Net Assets — 100.0%			$	32,534,812,553

^(a) Non-income producing security.

^(b) 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.

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

^(d) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(e) Affiliate of the Fund.

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

^(g) All or a portion of this security was purchased with cash collateral received from loaned securities.

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Consolidated Schedule of Investments (unaudited) (continued)	iShares® MSCI Emerging Markets 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	$	765,984,334	$	205,425,545	(a)	$	—		$	(107,562	)	$	(121,456	)	$	971,180,861	970,598,502		$	6,087,609	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares(c)		251,040,000		—			(251,040,000	)(a)		—			—			—		—		54,419			—
									$	(107,562	)	$	(121,456	)	$	971,180,861			$	6,142,028		$	—

^(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.

^(c) As of period end, the entity is no longer held.

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 Consolidated Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common Stocks	$	5,459,715,876	$	26,304,991,981	$	17,711,356	$	31,782,419,213
Preferred Stocks		449,514,018		256,671,154		—		706,185,172
Warrants		116,247		—		—		116,247
Corporate Bonds & Notes		—		—		169,849		169,849
Money Market Funds.		971,180,861		—		—		971,180,861
	$	6,880,527,002	$	26,561,663,135	$	17,881,205	$	33,460,071,342

Portfolio Abbreviations - Equity
ADR	American Depositary Receipt	NVDR	Non-Voting Depositary Receipt
CPO	Certificates of Participation (Ordinary)	NVS	Non-Voting Shares
GDR	Global Depositary Receipt	PJSC	Public Joint Stock Company
JSC	Joint Stock Company
Currency Abbreviations
INR	Indian Rupee

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