| Schedule of Investments (unaudited) | iShares® MSCI Australia ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Airlines — 0.3% | ||||||||
| Qantas Airways Ltd.(a) | 1,200,635 | $ | 4,368,723 | |||||
| Banks — 27.7% | ||||||||
| Australia & New Zealand Banking Group Ltd. | 3,697,259 | 82,040,367 | ||||||
| Commonwealth Bank of Australia | 2,304,956 | 177,579,062 | ||||||
| National Australia Bank Ltd. | 4,284,056 | 89,166,315 | ||||||
| Westpac Banking Corp. | 4,769,043 | 97,505,719 | ||||||
| 446,291,463 | ||||||||
| Beverages — 0.5% | ||||||||
| Treasury Wine Estates Ltd. | 940,242 | 8,449,387 | ||||||
| Biotechnology — 8.2% | ||||||||
| CSL Ltd. | 591,172 | 132,532,494 | ||||||
| Capital Markets — 4.6% | ||||||||
| ASX Ltd. | 251,265 | 14,780,736 | ||||||
| Macquarie Group Ltd. | 446,608 | 52,370,613 | ||||||
| Magellan Financial Group Ltd. | 179,548 | 6,632,782 | ||||||
| 73,784,131 | ||||||||
| Chemicals — 0.3% | ||||||||
| Orica Ltd. | 531,436 | 5,561,138 | ||||||
| Commercial Services & Supplies — 1.0% | ||||||||
| Brambles Ltd. | 1,909,667 | 15,945,490 | ||||||
| Construction Materials — 1.2% | ||||||||
| James Hardie Industries PLC | 577,094 | 19,143,619 | ||||||
| Diversified Telecommunication Services — 0.9% | ||||||||
| Telstra Corp. Ltd. | 5,399,246 | 14,662,531 | ||||||
| Electric Utilities — 0.6% | ||||||||
| AusNet Services Ltd. | 2,432,699 | 3,294,131 | ||||||
| Origin Energy Ltd. | 2,295,076 | 7,032,594 | ||||||
| 10,326,725 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 5.9% | ||||||||
| BGP Holdings PLC, NVS(a)(b) | 18,888,372 | 230 | ||||||
| Dexus | 1,408,271 | 11,352,286 | ||||||
| Goodman Group | 2,160,208 | 32,424,558 | ||||||
| GPT Group (The) | 2,530,366 | 8,996,936 | ||||||
| Mirvac Group | 5,115,274 | 11,028,799 | ||||||
| Scentre Group | 6,768,361 | 14,227,351 | ||||||
| Stockland | 3,101,168 | 11,194,000 | ||||||
| Vicinity Centres | 5,037,172 | 6,072,585 | ||||||
| 95,296,745 | ||||||||
| Food & Staples Retailing — 4.7% | ||||||||
| Coles Group Ltd. | 1,733,085 | 22,145,809 | ||||||
| Woolworths Group Ltd. | 1,644,005 | 52,819,620 | ||||||
| 74,965,429 | ||||||||
| Gas Utilities — 0.7% | ||||||||
| APA Group. | 1,531,955 | 10,913,663 | ||||||
| Health Care Equipment & Supplies — 0.9% | ||||||||
| Cochlear Ltd. | 85,417 | 14,958,705 | ||||||
| Health Care Providers & Services — 1.7% | ||||||||
| Ramsay Health Care Ltd. | 237,886 | 11,658,191 | ||||||
| Sonic Healthcare Ltd. | 589,745 | 15,829,734 | ||||||
| 27,487,925 | ||||||||
| Security | Shares | Value | ||||||
| Hotels, Restaurants & Leisure — 2.9% | ||||||||
| Aristocrat Leisure Ltd. | 746,659 | $ | 23,659,501 | |||||
| Crown Resorts Ltd.(a) | 487,348 | 4,842,456 | ||||||
| Domino’s Pizza Enterprises Ltd. | 81,572 | 6,941,826 | ||||||
| Tabcorp Holdings Ltd. | 2,894,565 | 11,421,623 | ||||||
| 46,865,406 | ||||||||
| Insurance — 3.2% | ||||||||
| Insurance Australia Group Ltd. | 3,189,028 | 12,367,490 | ||||||
| Medibank Pvt Ltd. | 3,589,664 | 8,675,603 | ||||||
| QBE Insurance Group Ltd. | 1,918,190 | 16,223,180 | ||||||
| Suncorp Group Ltd. | 1,663,725 | 14,307,555 | ||||||
| 51,573,828 | ||||||||
| Interactive Media & Services — 1.2% | ||||||||
| REA Group Ltd. | 68,327 | 8,626,881 | ||||||
| Seek Ltd. | 435,679 | 10,279,819 | ||||||
| 18,906,700 | ||||||||
| IT Services — 1.8% | ||||||||
| Afterpay Ltd.(a) | 282,094 | 20,123,720 | ||||||
| Computershare Ltd. | 704,043 | 8,535,863 | ||||||
| 28,659,583 | ||||||||
| Metals & Mining — 18.3% | ||||||||
| BHP Group Ltd. | 3,827,331 | 140,853,957 | ||||||
| BlueScope Steel Ltd. | 654,492 | 10,734,315 | ||||||
| Evolution Mining Ltd. | 2,224,127 | 9,246,296 | ||||||
| Fortescue Metals Group Ltd. | 2,200,153 | 38,101,497 | ||||||
| Newcrest Mining Ltd. | 1,060,893 | 23,106,407 | ||||||
| Northern Star Resources Ltd. | 1,433,857 | 12,888,798 | ||||||
| Rio Tinto Ltd. | 482,296 | 46,012,034 | ||||||
| South32 Ltd. | 6,208,360 | 14,263,594 | ||||||
| 295,206,898 | ||||||||
| Multi-Utilities — 0.3% | ||||||||
| AGL Energy Ltd. | 803,574 | 5,031,401 | ||||||
| Multiline Retail — 3.9% | ||||||||
| Wesfarmers Ltd. | 1,473,126 | 62,968,316 | ||||||
| Oil, Gas & Consumable Fuels — 3.2% | ||||||||
| Ampol Ltd. | 309,070 | 6,808,097 | ||||||
| Oil Search Ltd. | 2,570,267 | 7,220,970 | ||||||
| Santos Ltd. | 2,435,699 | 12,730,227 | ||||||
| Washington H Soul Pattinson & Co. Ltd. | 141,088 | 3,217,989 | ||||||
| Woodside Petroleum Ltd. | 1,250,121 | 21,042,953 | ||||||
| 51,020,236 | ||||||||
| Real Estate Management & Development — 0.5% | ||||||||
| Lendlease Corp. Ltd. | 895,776 | 8,505,034 | ||||||
| Road & Rail — 0.4% | ||||||||
| Aurizon Holdings Ltd. | 2,408,369 | 6,726,029 | ||||||
| Software — 1.3% | ||||||||
| WiseTech Global Ltd. | 188,496 | 4,091,665 | ||||||
| Xero Ltd.(a) | 172,071 | 17,569,322 | ||||||
| 21,660,987 | ||||||||
| Trading Companies & Distributors — 0.4% | ||||||||
| Reece Ltd. | 391,512 | 6,189,351 | ||||||
| Transportation Infrastructure — 2.8% | ||||||||
| Sydney Airport(a) | 1,723,645 | 7,803,109 | ||||||
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| Schedule of Investments (unaudited) (continued) | iShares® MSCI Australia ETF |
| May 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Transportation Infrastructure (continued) | ||||||||
| Transurban Group | 3,557,360 | $ | 38,107,895 | |||||
| 45,911,004 | ||||||||
| Total Common Stocks — 99.4% | ||||||||
| (Cost: $1,622,694,032) | 1,603,912,941 | |||||||
| Short-Term Investments | ||||||||
| Money Market Funds — 0.0% | ||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d) | 640,000 | 640,000 | ||||||
| Total Short-Term Investments — 0.0% | ||||||||
| (Cost: $640,000) | 640,000 | |||||||
| Total Investments in Securities — 99.4% | ||||||||
| (Cost: $1,623,334,032) | 1,604,552,941 | |||||||
| Other Assets, Less Liabilities — 0.6% | 8,894,065 | |||||||
| Net Assets — 100.0% | $ | 1,613,447,006 | ||||||
| (a) | Non-income producing security. |
| (b) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (c) | Affiliate of the Fund. |
| (d) | Annualized 7-day yield as of period-end. |
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: Treasury, SL Agency Shares | $ | 494,000 | $ | 146,000 | (a) | $ | — | $ | — | $ | — | $ | 640,000 | 640,000 | $ | 343 | $ | — | ||||||||||||||||||
| (a) | Represents net amount purchased (sold). |
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||
| Long Contracts | ||||||||||||||
| ASX SPI 200 Index | 66 | 06/17/21 | $ | 9,115 | $ | 304,829 | ||||||||
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.
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| Schedule of Investments (unaudited) (continued) | iShares® MSCI Australia ETF |
| May 31, 2021 |
Fair Value Measurements (continued)
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 | $ | — | $ | 1,603,912,711 | $ | 230 | $ | 1,603,912,941 | ||||||||
| Money Market Funds | 640,000 | — | — | 640,000 | ||||||||||||
| $ | 640,000 | $ | 1,603,912,711 | $ | 230 | $ | 1,604,552,941 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Futures Contracts | $ | 304,829 | $ | — | $ | — | $ | 304,829 | ||||||||
| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
Portfolio Abbreviations - Equity
| NVS | Non-Voting Shares |
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