Schedule of Investments (unaudited)	iShares® MSCI Australia ETF
November 30, 2021	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Airlines — 0.3%
Qantas Airways Ltd.(a)		1,133,288	$	4,051,154
Banks — 25.2%
Australia & New Zealand Banking Group Ltd.		3,503,263		66,218,975
Commonwealth Bank of Australia		2,182,881		144,116,467
National Australia Bank Ltd.		4,051,899		78,295,073
Westpac Banking Corp.		4,514,044		65,398,999
				354,029,514
Beverages — 0.5%
Treasury Wine Estates Ltd.		886,701		7,613,103
Biotechnology — 8.7%
CSL Ltd.		559,997		121,764,338
Capital Markets — 5.6%
ASX Ltd.		237,735		15,194,268
Macquarie Group Ltd.		431,027		60,025,850
Magellan Financial Group Ltd.		169,476		3,966,915
				79,187,033
Chemicals — 0.4%
Orica Ltd.		503,155		5,036,232
Commercial Services & Supplies — 0.9%
Brambles Ltd.		1,774,018		12,568,346
Construction Materials — 1.5%
James Hardie Industries PLC.		547,038		21,440,830
Diversified Consumer Services — 0.4%
IDP Education Ltd.		254,156		6,337,504
Diversified Telecommunication Services — 1.0%
Telstra Corp. Ltd.		5,121,582		14,760,143
Electric Utilities — 0.8%
AusNet Services Ltd.		2,338,943		4,224,438
Origin Energy Ltd.		2,167,381		7,380,626
				11,605,064
Equity Real Estate Investment Trusts (REITs) — 6.7%
BGP Holdings PLC(b)		18,888,372		214
Dexus		1,323,432		10,460,996
Goodman Group		2,045,783		35,707,500
GPT Group (The)		2,357,126		8,794,994
Mirvac Group		4,862,937		9,846,003
Scentre Group		6,377,627		13,958,198
Stockland		2,927,978		9,039,513
Vicinity Centres		4,755,705		5,699,398
				93,506,816
Food & Staples Retailing — 5.3%
Coles Group Ltd.		1,641,286		20,958,879
Endeavour Group Ltd.		1,647,164		8,000,588
Woolworths Group Ltd.		1,559,756		45,158,312
				74,117,779
Gas Utilities — 0.7%
APA Group		1,447,747		9,789,239
Health Care Equipment & Supplies — 0.9%
Cochlear Ltd.		80,929		12,444,333
Health Care Providers & Services — 2.0%
Ramsay Health Care Ltd.		226,087		10,701,100

Security	Shares		Value
Health Care Providers & Services (continued)
Sonic Healthcare Ltd.		559,015	$	16,903,209
				27,604,309
Hotels, Restaurants & Leisure — 3.1%
Aristocrat Leisure Ltd.		741,494		23,045,774
Crown Resorts Ltd.(a)		462,523		3,613,985
Domino's Pizza Enterprises Ltd.		74,237		6,791,589
Tabcorp Holdings Ltd.		2,740,477		9,647,679
				43,099,027
Insurance — 3.2%
Insurance Australia Group Ltd.		3,029,788		9,516,874
Medibank Pvt Ltd.		3,384,371		8,269,014
QBE Insurance Group Ltd.		1,813,906		14,924,110
Suncorp Group Ltd.		1,577,167		12,084,384
				44,794,382
Interactive Media & Services — 1.3%
REA Group Ltd.		65,180		7,461,525
SEEK Ltd.		414,180		10,162,970
				17,624,495
IT Services — 2.1%
Afterpay Ltd.(a)		268,064		20,528,513
Computershare Ltd.		669,760		9,052,165
				29,580,678
Metals & Mining — 15.1%
BHP Group Ltd.		3,629,984		101,689,512
BlueScope Steel Ltd.		618,020		8,590,030
Evolution Mining Ltd.		2,245,786		6,418,582
Fortescue Metals Group Ltd.		2,083,611		25,021,579
Newcrest Mining Ltd.		1,005,621		16,681,628
Northern Star Resources Ltd.		1,365,731		9,117,389
Rio Tinto Ltd.		456,757		30,307,073
South32 Ltd.		5,752,164		14,373,915
				212,199,708
Multiline Retail — 4.0%
Wesfarmers Ltd.		1,395,108		56,236,005
Oil, Gas & Consumable Fuels — 3.3%
Ampol Ltd.		295,367		5,990,446
Oil Search Ltd.		2,426,568		6,525,514
Santos Ltd.		2,306,818		10,401,979
Washington H Soul Pattinson & Co. Ltd.		266,406		5,873,155
Woodside Petroleum Ltd.		1,185,602		17,988,283
				46,779,377
Real Estate Management & Development — 0.4%
Lendlease Corp. Ltd.		846,854		6,382,665
Road & Rail — 0.4%
Aurizon Holdings Ltd.		2,273,340		5,436,623
Software — 1.7%
WiseTech Global Ltd.		179,786		6,586,037
Xero Ltd.(a)		164,757		16,733,948
				23,319,985
Trading Companies & Distributors — 0.4%
Reece Ltd.		359,364		5,939,194
Transportation Infrastructure — 3.3%
Sydney Airport(a)		1,622,344		9,555,104

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Australia ETF
November 30, 2021	(Percentages shown are based on Net Assets)

Security	Shares		Value
Transportation Infrastructure (continued)
Transurban Group		3,752,379	$	36,221,850
				45,776,954
Total Common Stocks — 99.2%
(Cost: $1,577,513,872)				1,393,024,830
Short-Term Investments
Money Market Funds — 0.1%
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d)		820,000		820,000
Total Short-Term Investments — 0.1%
(Cost: $820,000)				820,000
Total Investments in Securities — 99.3%
(Cost: $1,578,333,872)				1,393,844,830
Other Assets, Less Liabilities — 0.7%				10,380,917
Net Assets — 100.0%			$	1,404,225,747

(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 November 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 08/31/21		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 11/30/21		Shares Held at 11/30/21		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares(a)	$	—	$	0	(b)	$	—	$	—	$	—	$	—		—	$	18,962	(c)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		750,000		70,000	(b)		—		—		—		820,000		820,000		8			—
								$	—	$	—	$	820,000			$	18,970		$	—

(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.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
SPI 200 Index		82	12/16/21	$	10,492	$	(336,549	)

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Australia ETF
November 30, 2021

Fair Value Measurements (continued)

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2			Level 3		Total
Investments
Assets
Common Stocks	$	—	$	1,393,024,616		$	214	$	1,393,024,830
Money Market Funds		820,000		—			—		820,000
	$	820,000	$	1,393,024,616		$	214	$	1,393,844,830
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	—	$	(336,549	)	$	—	$	(336,549	)

^(a) Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

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