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

Security	Shares		Value
Common Stocks
Aerospace & Defense — 0.3%
Korea Aerospace Industries Ltd.		534,895	$	12,248,928
Air Freight & Logistics — 0.4%
Hyundai Glovis Co. Ltd.		130,120		15,924,320
Airlines — 0.7%
Korean Air Lines Co. Ltd.(a)		1,345,921		29,911,621
Auto Components — 2.3%
Hankook Tire & Technology Co. Ltd.		551,743		17,889,179
Hanon Systems		1,401,741		15,261,296
Hyundai Mobis Co. Ltd.		366,793		68,075,203
				101,225,678
Automobiles — 4.8%
Hyundai Motor Co.		730,328		119,981,220
Kia Corp.		1,431,071		93,662,629
				213,643,849
Banks — 6.2%
Hana Financial Group Inc.		1,635,448		54,357,810
Industrial Bank of Korea		1,799,379		15,585,265
KakaoBank Corp.(a)(b)		123,377		6,813,310
KB Financial Group Inc.		2,112,020		93,864,286
Shinhan Financial Group Co. Ltd.		2,421,400		70,417,515
Woori Financial Group Inc.		3,282,355		34,741,455
				275,779,641
Biotechnology — 2.7%
Alteogen Inc.(a)		145,919		8,421,774
Celltrion Inc.(a)(b)		509,410		88,671,903
Green Cross Corp.		20,742		3,793,741
Seegene Inc.(b)		192,510		12,153,341
SK Bioscience Co. Ltd.(a)		23,213		5,481,309
				118,522,068
Capital Markets — 1.8%
Korea Investment Holdings Co. Ltd.		282,150		17,835,391
Meritz Securities Co. Ltd.		3,293,209		13,824,478
Mirae Asset Securities Co. Ltd.		2,709,069		19,521,123
NH Investment & Securities Co. Ltd.		1,241,361		12,889,585
Samsung Securities Co. Ltd.		457,226		17,031,159
				81,101,736
Chemicals — 5.0%
Hanwha Solutions Corp.(a)		928,542		25,876,930
Kumho Petrochemical Co. Ltd.(b)		169,686		22,019,919
LG Chem Ltd.		236,039		138,269,695
Lotte Chemical Corp.		109,648		18,576,783
SK Chemicals Co. Ltd.		60,235		7,051,421
SK IE Technology Co. Ltd.(a)(c)		28,804		3,772,253
SKC Co. Ltd.		47,965		7,943,864
				223,510,865
Commercial Services & Supplies — 0.2%
S-1 Corp.		145,380		9,029,858
Construction & Engineering — 1.2%
GS Engineering & Construction Corp.		479,899		14,813,393
Hyundai Engineering & Construction Co. Ltd.		520,082		19,322,763
Samsung Engineering Co. Ltd.(a)		1,104,239		19,281,162
				53,417,318
Construction Materials — 0.7%
POSCO Chemical Co. Ltd.		250,280		33,225,367

Security	Shares		Value
Diversified Telecommunication Services — 0.4%
LG Uplus Corp.	1,419,264	$	16,151,748
Electric Utilities — 0.6%
Korea Electric Power Corp.	1,465,754		25,587,906
Electrical Equipment — 0.7%
Doosan Heavy Industries & Construction Co. Ltd.(a)	1,452,385		23,256,748
Ecopro BM Co. Ltd.	16,192		7,402,342
			30,659,090
Electronic Equipment, Instruments & Components — 6.0%
Iljin Materials Co. Ltd.	37,603		4,067,670
L&F Co. Ltd.	25,945		4,898,951
LG Display Co. Ltd.(a)(b)	1,485,458		24,844,777
LG Innotek Co. Ltd.	108,455		27,682,016
Samsung Electro-Mechanics Co. Ltd.	321,762		45,058,413
Samsung SDI Co. Ltd.	279,385		161,429,169
			267,980,996
Entertainment — 3.1%
HYBE Co. Ltd.(a)(b)	35,599		10,900,728
Kakao Games Corp.(a)	44,840		3,721,882
Krafton Inc.(a)	46,030		19,490,774
NCSoft Corp.	96,647		55,177,410
Netmarble Corp.(c)	181,967		17,871,888
Pearl Abyss Corp.(a)	256,519		28,470,357
			135,633,039
Food & Staples Retailing — 0.6%
BGF retail Co. Ltd.	69,948		8,545,789
E-MART Inc.	150,861		18,111,235
			26,657,024
Food Products — 0.7%
CJ CheilJedang Corp.	60,282		17,966,558
Orion Corp./Republic of Korea	166,253		13,575,127
			31,541,685
Health Care Equipment & Supplies — 0.1%
SD Biosensor Inc.(a)	91,362		4,491,574
Health Care Providers & Services — 0.6%
Celltrion Healthcare Co. Ltd.(a)	362,239		24,659,240
Hotels, Restaurants & Leisure — 0.3%
Kangwon Land Inc.(a)	781,817		14,495,485
Household Durables — 1.7%
Coway Co. Ltd.	323,141		18,437,174
LG Electronics Inc.	600,083		58,407,578
			76,844,752
Industrial Conglomerates — 3.1%
CJ Corp.	128,462		8,647,120
LG Corp.	489,345		32,383,264
Samsung C&T Corp.	472,732		41,932,219
SK Inc.	260,631		56,758,314
			139,720,917
Insurance — 1.5%
DB Insurance Co. Ltd.	368,274		16,690,808
Samsung Fire & Marine Insurance Co. Ltd.	177,216		30,151,165
Samsung Life Insurance Co. Ltd.	421,593		21,133,782
			67,975,755
Interactive Media & Services — 7.8%
Kakao Corp.	1,445,147		147,852,881

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

Security	Shares		Value
Interactive Media & Services (continued)
NAVER Corp.		617,788	$	197,230,028
				345,082,909
Internet & Direct Marketing Retail — 0.2%
CJ ENM Co. Ltd.		88,225		10,063,508
IT Services — 0.5%
Samsung SDS Co. Ltd.		197,701		23,757,464
Leisure Products — 0.5%
HLB Inc.(a)(b)		665,176		20,182,413
Life Sciences Tools & Services — 1.6%
Samsung Biologics Co. Ltd.(a)(c)		94,378		70,752,256
Machinery — 1.4%
Doosan Bobcat Inc.(a)		423,729		12,898,968
Hyundai Heavy Industries Holdings Co. Ltd.		330,720		14,730,970
Korea Shipbuilding & Offshore Engineering Co. Ltd.(a)		236,871		17,426,681
Samsung Heavy Industries Co. Ltd.(a)		3,941,883		16,882,630
				61,939,249
Marine — 0.6%
HMM Co. Ltd.(a)		839,393		16,676,898
Pan Ocean Co. Ltd.		2,662,234		11,605,614
				28,282,512
Media — 0.2%
Cheil Worldwide Inc.		584,280		10,667,184
Metals & Mining — 2.9%
Hyundai Steel Co.		577,714		17,981,596
Korea Zinc Co. Ltd.		53,869		22,436,530
POSCO		403,363		88,560,481
				128,978,607
Multiline Retail — 0.2%
Lotte Shopping Co. Ltd.		102,717		7,223,726
Oil, Gas & Consumable Fuels — 1.8%
GS Holdings Corp.		367,200		11,566,429
SK Innovation Co. Ltd.(a)		309,401		50,617,718
S-Oil Corp.		288,542		19,328,968
				81,513,115
Personal Products — 1.7%
Amorepacific Corp.		186,957		24,699,995
AMOREPACIFIC Group.		216,640		7,519,989
LG Household & Health Care Ltd.		50,740		44,998,351
				77,218,335
Pharmaceuticals — 1.2%
Celltrion Pharm Inc.(a)(b)		87,188		8,780,685
Hanmi Pharm Co. Ltd.		51,805		10,985,528
Shin Poong Pharmaceutical Co. Ltd.(b)		157,320		4,322,716
SK Biopharmaceuticals Co. Ltd.(a)		144,262		11,583,448
Yuhan Corp.		368,487		17,939,711
				53,612,088
Road & Rail — 0.2%
CJ Logistics Corp.(a)		82,930		8,652,030
Semiconductors & Semiconductor Equipment — 6.1%
SK Hynix Inc.		2,708,261		258,912,670
SK Square Co. Ltd.(a)		188,177		10,771,981
				269,684,651

Security	Shares		Value
Software — 0.2%
Douzone Bizon Co. Ltd.	106,114	$	6,733,095
Specialty Retail — 0.3%
Hotel Shilla Co. Ltd.(b)	212,226		12,634,500
Technology Hardware, Storage & Peripherals — 23.6%
Samsung Electronics Co. Ltd.	17,413,628		1,045,274,073
Textiles, Apparel & Luxury Goods — 0.1%
F&F Co. Ltd./New(a)	5,423		3,789,115
Tobacco — 1.0%
KT&G Corp.	633,146		43,641,550
Wireless Telecommunication Services — 0.3%
SK Telecom Co. Ltd.	284,145		13,010,726
Total Common Stocks — 98.1%
(Cost: $1,661,557,521)			4,352,633,566
Preferred Stocks
Automobiles — 0.7%
Hyundai Motor Co.
Preference Shares, NVS	184,915		14,118,819
Series 2, Preference Shares, NVS	242,815		18,910,380
			33,029,199
Chemicals — 0.4%
LG Chem Ltd., Preference Shares, NVS	64,036		17,452,705
Personal Products — 0.2%
LG Household & Health Care Ltd., Preference Shares, NVS	16,634		8,331,151
Technology Hardware, Storage & Peripherals — 0.1%
Samsung Electronics Co. Ltd., Preference Shares, NVS	71,435		3,852,202
Total Preferred Stocks — 1.4%
(Cost: $30,796,451)			62,665,257
Short-Term Investments
Money Market Funds — 2.4%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(d)(e)(f)	101,613,276		101,653,922
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e)	3,920,000		3,920,000
			105,573,922
Total Short-Term Investments — 2.4%
(Cost: $105,523,388)			105,573,922
Total Investments in Securities — 101.9%
(Cost: $1,797,877,360)			4,520,872,745
Other Assets, Less Liabilities — (1.9)%			(83,819,157	)
Net Assets — 100.0%		$	4,437,053,588

^(a) Non-income producing security.

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

^(c) 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.

^(d) Affiliate of the Fund.

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

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

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

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	$	122,734,315	$	—		$	(21,063,825	)(a)	$	(7,022	)	$	(9,546	)	$	101,653,922		101,613,276	$	1,098,885	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,140,000		2,780,000	(a)		—			—			—			3,920,000		3,920,000		44			—
									$	(7,022	)	$	(9,546	)	$	105,573,922			$	1,098,929		$	—

^(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.

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
KOSPI2 Index		135	12/09/21	$	10,596	$	(407,115	)

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

• 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.

3

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

Fair Value Measurements (continued)

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	$	50,770,830	$	4,301,862,736		$	—	$	4,352,633,566
Preferred Stocks		—		62,665,257			—		62,665,257
Money Market Funds		105,573,922		—			—		105,573,922
	$	156,344,752	$	4,364,527,993		$	—	$	4,520,872,745
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	—	$	(407,115	)	$	—	$	(407,115	)

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

Portfolio Abbreviations - Equity

NVS Non-Voting Shares

4