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

Security	Shares		Value
Common Stocks
Air Freight & Logistics — 0.9%
InPost SA(a)		125,056	$	1,394,942
PostNL NV		421,461		1,800,166
				3,195,108
Banks — 7.4%
ABN AMRO Bank NV, CVA(b)		244,672		3,492,194
ING Groep NV		1,639,479		22,646,861
				26,139,055
Beverages — 5.6%
Coca-Cola Europacific Partners PLC		101,693		5,020,583
Heineken Holding NV		49,921		4,157,561
Heineken NV		107,694		10,719,122
				19,897,266
Biotechnology — 0.2%
Pharming Group NV(a)(c)		982,237		784,884
Capital Markets — 0.6%
Flow Traders(b)		33,451		1,170,846
Van Lanschot Kempen NV		44,163		1,046,783
				2,217,629
Chemicals — 8.5%
Akzo Nobel NV		93,415		9,829,719
Corbion NV		39,318		1,816,428
Koninklijke DSM NV		75,441		16,237,655
OCI NV(a)		77,853		2,131,788
				30,015,590
Construction & Engineering — 1.8%
Arcadis NV		52,726		2,344,563
Boskalis Westminster		57,994		1,571,071
Fugro NV(a)		136,436		1,003,479
Koninklijke BAM Groep NV(a)		414,517		1,237,874
				6,156,987
Distributors — 0.1%
B&S Group Sarl(b)		46,001		363,600
Diversified Financial Services — 0.0%
SNS REAAL NV(a)(c)(d)		63,320		1
Diversified Telecommunication Services — 1.4%
Koninklijke KPN NV		1,700,333		5,008,637
Electric Utilities — 0.1%
Fastned BV(a)(c)		6,525		386,809
Electrical Equipment — 2.0%
Alfen Beheer BV(a)(b)		16,435		1,602,297
SIF Holding NV		19,886		275,778
Signify NV(b)		70,284		3,208,659
TKH Group NV		31,776		1,776,851
				6,863,585
Energy Equipment & Services — 0.4%
SBM Offshore NV		109,751		1,547,783
Entertainment — 2.3%
Universal Music Group NV		282,285		8,102,733
Equity Real Estate Investment Trusts (REITs) — 1.0%
Eurocommercial Properties NV		60,357		1,186,528
NSI NV		27,570		1,089,660
Vastned Retail NV		17,821		455,307

Security	Shares		Value
Equity Real Estate Investment Trusts (REITs) (continued)
Wereldhave NV		53,453	$	722,510
				3,454,005
Food & Staples Retailing — 4.8%
Koninklijke Ahold Delhaize NV		480,783		16,178,230
Sligro Food Group NV(a)		37,993		829,011
				17,007,241
Food Products — 0.5%
ForFarmers NV		54,436		213,915
JDE Peet's NV		53,958		1,470,603
				1,684,518
Health Care Equipment & Supplies — 3.7%
Koninklijke Philips NV		368,375		12,981,668
Hotels, Restaurants & Leisure — 0.5%
Basic-Fit NV(a)(b)		42,819		1,858,419
Household Durables — 0.3%
TomTom NV(a)(c)		103,343		888,029
Insurance — 4.0%
Aegon NV		903,456		3,987,698
ASR Nederland NV		76,899		3,283,996
NN Group NV		139,745		6,943,854
				14,215,548
Internet & Direct Marketing Retail — 10.5%
Just Eat Takeaway.com NV(a)(b)		89,369		5,596,320
Prosus NV		392,977		31,580,752
				37,177,072
IT Services — 6.5%
Adyen NV(a)(b)		8,262		22,884,377
Leisure Products — 0.4%
Accell Group NV(a)		28,298		1,242,515
Machinery — 1.0%
Aalberts NV		56,403		3,468,516
Metals & Mining — 0.3%
AMG Advanced Metallurgical Group NV		40,178		1,119,582
Oil, Gas & Consumable Fuels — 0.5%
Koninklijke Vopak NV		47,899		1,824,445
Professional Services — 5.6%
Brunel International NV		31,585		375,039
Intertrust NV(a)(b)		87,360		2,021,130
Randstad NV		60,880		3,841,583
Wolters Kluwer NV		119,368		13,424,226
				19,661,978
Semiconductors & Semiconductor Equipment — 25.8%
ASM International NV		22,993		10,335,175
ASML Holding NV		97,681		76,667,903
BE Semiconductor Industries NV		42,067		4,000,143
				91,003,221
Software — 0.2%
CM.Com(a)		17,960		584,707
Trading Companies & Distributors — 3.0%
AerCap Holdings NV(a)		71,325		3,997,053

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

Security	Shares		Value
Trading Companies & Distributors (continued)
IMCD NV		29,502	$	6,552,991
				10,550,044
Total Common Stocks — 99.9%
(Cost: $312,239,759)				352,285,552

Short-Term Investments

Money Market Funds — 0.6%
BlackRock Cash Funds: Institutional, SL Agency Shares,
0.06%(e)(f)(g)	2,044,742		2,045,560
BlackRock Cash Funds: Treasury, SL Agency Shares,
0.00%(e)(f)	160,000		160,000
			2,205,560
Total Short-Term Investments — 0.6%
(Cost: $2,205,233)			2,205,560
Total Investments in Securities — 100.5%
(Cost: $314,444,992)			354,491,112
Other Assets, Less Liabilities — (0.5)%			(1,629,455	)
Net Assets—100.0%		$	352,861,657

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

^(d) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(e) Affiliate of the Fund.

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

^(g) 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	$	3,087,917	$	—		$	(1,041,997)	(a)	$	(285)	$	(75)	$	2,045,560		2,044,742	$	17,005	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		120,000		40,000	(a)		—			—		—		160,000		160,000		1			—
									$	(285)	$	(75)	$	2,205,560			$	17,006		$	—

^(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

							Value/
					Notional		Unrealized
	Number of		Expiration		Amount		Appreciation
Description	Contracts		Date		(000)		(Depreciation)
Long Contracts
Euro STOXX 50 Index		10		12/17/21	$	461	$	(5,446	)

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Schedule of Investments (unaudited) (continued)	iShares®  MSCI Netherlands 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	$	23,507,396	$	328,778,155		$	1	$	352,285,552
Money Market Funds		2,205,560		—			—		2,205,560
	$	25,712,956	$	328,778,155		$	1	$	354,491,112
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	—	$	(5,446	)	$	—	$	(5,446	)

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

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