| Schedule of Investments (unaudited) | iShares® MSCI Switzerland ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Banks — 0.3% | ||||||||
| Banque Cantonale Vaudoise, Registered | 49,809 | $ | 4,622,433 | |||||
| Building Products — 1.8% | ||||||||
| Geberit AG, Registered | 39,656 | 28,645,127 | ||||||
| Capital Markets — 8.5% | ||||||||
| Credit Suisse Group AG, Registered | 2,536,275 | 27,561,220 | ||||||
| Julius Baer Group Ltd. | 254,637 | 17,385,809 | ||||||
| Partners Group Holding AG | 19,921 | 30,222,623 | ||||||
| UBS Group AG, Registered | 3,695,937 | 59,779,026 | ||||||
| 134,948,678 | ||||||||
| Chemicals — 6.6% | ||||||||
| Clariant AG, Registered | 300,496 | 6,490,578 | ||||||
| EMS-Chemie Holding AG, Registered | 10,221 | 9,575,275 | ||||||
| Givaudan SA, Registered | 9,522 | 42,430,503 | ||||||
| Sika AG, Registered | 145,458 | 46,702,518 | ||||||
| 105,198,874 | ||||||||
| Construction Materials — 2.1% | ||||||||
| Holcim Ltd., Registered | 548,481 | 32,534,902 | ||||||
| Diversified Telecommunication Services — 1.0% | ||||||||
| Swisscom AG, Registered | 29,599 | 16,628,637 | ||||||
| Electrical Equipment — 3.9% | ||||||||
| ABB Ltd., Registered | 1,824,975 | 62,172,958 | ||||||
| Food Products — 22.1% | ||||||||
| Barry Callebaut AG, Registered | 4,676 | 10,692,149 | ||||||
| Chocoladefabriken Lindt & Spruengli AG, Participation Certificates, NVS | 1,254 | 11,954,475 | ||||||
| Chocoladefabriken Lindt & Spruengli AG, Registered | 123 | 12,484,602 | ||||||
| Nestle SA, Registered | 2,576,461 | 317,036,786 | ||||||
| 352,168,012 | ||||||||
| Health Care Equipment & Supplies — 4.7% | ||||||||
| Alcon Inc. | 507,941 | 35,184,201 | ||||||
| Sonova Holding AG, Registered(a) | 61,666 | 21,861,747 | ||||||
| Straumann Holding AG, Registered | 11,780 | 18,407,599 | ||||||
| 75,453,547 | ||||||||
| Insurance — 7.5% | ||||||||
| Baloise Holding AG, Registered | 58,346 | 9,609,676 | ||||||
| Swiss Life Holding AG, Registered | 34,192 | 17,709,260 | ||||||
| Swiss Re AG | 301,638 | 28,937,562 | ||||||
| Zurich Insurance Group AG | 151,139 | 63,048,808 | ||||||
| 119,305,306 | ||||||||
| Life Sciences Tools & Services — 3.1% | ||||||||
| Lonza Group AG, Registered | 75,499 | 48,522,064 | ||||||
| Machinery — 1.4% | ||||||||
| Schindler Holding AG, Participation Certificates, NVS | 47,626 | 14,058,095 | ||||||
| Security | Shares | Value | ||||||
| Machinery (continued) | ||||||||
| Schindler Holding AG, Registered | 27,790 | $ | 8,024,917 | |||||
| 22,083,012 | ||||||||
| Marine — 1.3% | ||||||||
| Kuehne + Nagel International AG, Registered | 62,085 | 20,939,412 | ||||||
| Pharmaceuticals — 24.3% | ||||||||
| Novartis AG, Registered | 1,872,874 | 164,037,582 | ||||||
| Roche Holding AG, NVS | 607,752 | 210,789,593 | ||||||
| Roche Holding AG, Bearer | 7,691 | 2,875,419 | ||||||
| Vifor Pharma AG | 61,914 | 9,014,603 | ||||||
| 386,717,197 | ||||||||
| Professional Services — 2.1% | ||||||||
| Adecco Group AG, Registered | 185,548 | 12,747,243 | ||||||
| SGS SA, Registered | 6,629 | 20,622,363 | ||||||
| 33,369,606 | ||||||||
| Real Estate Management & Development — 0.6% | ||||||||
| Swiss Prime Site AG, Registered | 97,631 | 9,949,998 | ||||||
| Software — 0.8% | ||||||||
| Temenos AG, Registered | 83,616 | 12,826,140 | ||||||
| Technology Hardware, Storage & Peripherals — 1.4% | ||||||||
| Logitech International SA, Registered | 178,537 | 22,075,023 | ||||||
| Textiles, Apparel & Luxury Goods — 5.3% | ||||||||
| Cie. Financiere Richemont SA, Class A, Registered | 528,821 | 64,266,837 | ||||||
| Swatch Group AG (The), Bearer | 35,895 | 12,985,598 | ||||||
| Swatch Group AG (The), Registered | 91,601 | 6,339,619 | ||||||
| 83,592,054 | ||||||||
| Total Common Stocks — 98.8% | ||||||||
| (Cost: $1,294,421,227) | . | 1,571,752,980 | ||||||
| Short-Term Investments | ||||||||
| Money Market Funds — 0.1% | ||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(c) | 720,000 | 720,000 | ||||||
| Total Short-Term Investments — 0.1% | ||||||||
| (Cost: $720,000) | . | 720,000 | ||||||
| Total Investments in Securities — 98.9% | ||||||||
| (Cost: $1,295,141,227) | . | 1,572,472,980 | ||||||
| Other Assets, Less Liabilities — 1.1% | . | 17,825,600 | ||||||
| Net Assets — 100.0% | . | $ | 1,590,298,580 | |||||
| (a) | Non-income producing security. |
| (b) | Affiliate of the Fund. |
| (c) | Annualized 7-day yield as of period-end. |
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| Schedule of Investments (unaudited) (continued) | iShares® MSCI Switzerland 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(a) | $ | 4,438,176 | $ | — | $ | (4,437,730 | )(b) | $ | (1,261 | ) | $ | 815 | $ | — | — | $ | 50,366 | (c) | $ | — | ||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 1,330,000 | — | (610,000 | )(b) | — | — | 720,000 | 720,000 | 390 | — | ||||||||||||||||||||||||||
| $ | (1,261 | ) | $ | 815 | $ | 720,000 | $ | 50,756 | $ | — | ||||||||||||||||||||||||||
| (a) | As of period end, the entity is no longer held. |
| (b) | Represents net amount purchased (sold). |
| (c) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||
| Long Contracts | ||||||||||||||
| Euro STOXX 50 Index | 376 | 06/18/21 | $ | 18,501 | $ | 364,512 | ||||||||
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 | $ | 24,439,077 | $ | 1,547,313,903 | $ | — | $ | 1,571,752,980 | ||||||||
| Money Market Funds | 720,000 | — | — | 720,000 | ||||||||||||
| $ | 25,159,077 | $ | 1,547,313,903 | $ | — | $ | 1,572,472,980 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Futures Contracts | $ | 364,512 | $ | — | $ | — | $ | 364,512 | ||||||||
| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
Portfolio Abbreviations - Equity
| NVS | Non-Voting Shares |
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