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

Security	Shares		Value
Common Stocks
Aerospace & Defense — 6.0%
Airbus SE(a)		218,930	$	24,436,982
Dassault Aviation SA		9,102		862,632
Safran SA		126,904		14,174,382
Thales SA		39,435		3,235,487
				42,709,483
Auto Components — 1.9%
Cie. Generale des Etablissements Michelin SCA		63,048		9,304,014
Faurecia SE		43,396		1,865,069
Valeo		84,930		2,448,090
				13,617,173
Automobiles — 0.3%
Renault SA(a)		71,054		2,286,148
Banks — 5.9%
BNP Paribas SA		417,755		25,963,314
Credit Agricole SA		459,347		6,254,792
Societe Generale SA		301,699		9,388,062
				41,606,168
Beverages — 2.8%
Pernod Ricard SA		77,898		17,874,434
Remy Cointreau SA		8,463		1,984,728
				19,859,162
Building Products — 1.7%
Cie. de Saint-Gobain		187,785		11,911,141
Capital Markets — 0.7%
Amundi SA(b)		22,379		1,861,789
Euronext NV(b)		31,823		3,134,458
				4,996,247
Chemicals — 4.5%
Air Liquide SA		175,949		29,056,663
Arkema SA		22,688		2,974,883
				32,031,546
Construction & Engineering — 3.5%
Bouygues SA		85,028		2,871,819
Eiffage SA		30,937		2,881,374
Vinci SA		199,767		18,900,291
				24,653,484
Diversified Financial Services — 0.3%
Eurazeo SE		14,758		1,210,260
Wendel SE		9,921		1,134,386
				2,344,646
Diversified Telecommunication Services — 1.1%
Orange SA		742,448		7,981,881
Electric Utilities — 0.3%
Electricite de France SA		175,922		2,468,634
Electrical Equipment — 6.6%
Legrand SA		99,527		10,933,534
Schneider Electric SE		200,771		35,631,617
				46,565,151
Entertainment — 0.5%
Bollore SA		329,619		1,768,573
Ubisoft Entertainment SA(a)		34,299		1,758,038
				3,526,611

Security	Shares		Value
Equity Real Estate Investment Trusts (REITs) — 1.2%
Covivio		19,262	$	1,596,121
Gecina SA		17,147		2,310,393
Klepierre SA		75,486		1,588,432
Unibail-Rodamco-Westfield(a)		46,385		3,053,087
				8,548,033
Food & Staples Retailing — 0.6%
Carrefour SA		235,006		3,887,076
Food Products — 2.0%
Danone SA		242,532		14,264,166
Health Care Equipment & Supplies — 0.3%
BioMerieux		15,493		2,192,309
Health Care Providers & Services — 0.3%
Orpea SA		19,240		1,818,038
Hotels, Restaurants & Leisure — 0.9%
Accor SA(a)		63,565		1,884,353
La Francaise des Jeux SAEM(b)		35,540		1,646,051
Sodexo SA(a)		32,704		2,751,636
				6,282,040
Household Durables — 0.2%
SEB SA		10,358		1,535,182
Insurance — 3.0%
AXA SA		719,618		19,780,890
CNP Assurances		63,975		1,559,653
				21,340,543
IT Services — 3.2%
Capgemini SE		59,511		13,739,398
Edenred		92,696		4,146,605
Worldline SA(a)(b)		88,419		4,635,783
				22,521,786
Life Sciences Tools & Services — 1.8%
Eurofins Scientific SE		49,688		6,356,571
Sartorius Stedim Biotech		10,290		6,074,960
				12,431,531
Machinery — 0.6%
Alstom SA		117,807		4,198,857
Media — 1.3%
Publicis Groupe SA		84,676		5,479,283
Vivendi SE		288,129		3,669,294
				9,148,577
Metals & Mining — 1.0%
ArcelorMittal SA		249,329		6,768,746
Multi-Utilities — 2.9%
Engie SA		679,710		9,833,098
Suez SA		129,884		2,906,995
Veolia Environnement SA		243,935		7,822,813
				20,562,906
Oil, Gas & Consumable Fuels — 6.1%
TotalEnergies SE		931,616		42,866,225
Personal Products — 5.9%
L'Oreal SA		93,203		42,084,654
Pharmaceuticals — 5.9%
Ipsen SA		13,868		1,353,439

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

Security	Shares		Value
Pharmaceuticals (continued)
Sanofi		422,312	$	40,145,953
				41,499,392
Professional Services — 1.8%
Bureau Veritas SA		108,713		3,442,976
Teleperformance		21,857		8,990,504
				12,433,480
Semiconductors & Semiconductor Equipment — 1.7%
STMicroelectronics NV		253,402		12,341,132
Software — 2.1%
Dassault Systemes SE		246,940		14,885,777
Textiles, Apparel & Luxury Goods — 20.5%
EssilorLuxottica SA		106,641		21,371,705
Hermes International		11,762		22,072,626
Kering SA		27,844		21,442,385
LVMH Moet Hennessy Louis Vuitton SE		103,106		80,174,630
				145,061,346
Transportation Infrastructure — 0.5%
Aeroports de Paris(a)		10,960		1,281,316
Getlink SE		162,645		2,403,087
				3,684,403
Total Common Stocks — 99.9%
(Cost: $718,435,389)				706,913,674

Security	Shares		Value
Short-Term Investments
Money Market Funds — 0.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(c)(d)		61,640	$	61,665
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d)		4,820,000		4,820,000
				4,881,665
Total Short-Term Investments — 0.7%
(Cost: $4,881,665)				4,881,665
Total Investments in Securities — 100.6%
(Cost: $723,317,054)				711,795,339
Other Assets, Less Liabilities — (0.6)%				(3,972,084	)
Net Assets — 100.0%			$	707,823,255

^(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) 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	$	21,424	$	40,296	(a)	$	—	$	(55	)	$	—	$	61,665		61,640	$	5,822	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		350,000		4,470,000	(a)		—		—			—		4,820,000		4,820,000		43			—
								$	(55	)	$	—	$	4,881,665			$	5,865		$	—

^(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
CAC 40 10 Euro Index		14	12/17/21	$	1,065	$	(50,067	)

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

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.

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	$	2,906,995	$	704,006,679		$	—	$	706,913,674
Money Market Funds		4,881,665		—			—		4,881,665
	$	7,788,660	$	704,006,679		$	—	$	711,795,339
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	—	$	(50,067	)	$	—	$	(50,067	)

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

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