| Consolidated Schedule of Investments (unaudited) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Argentina — 0.0% | ||||||||
| Transportadora de Gas del Sur SA, Class B, ADR(a) | 2,276 | $ | 9,218 | |||||
| Bermuda — 0.0% | ||||||||
| BOE Varitronix Ltd. | 65,000 | 81,354 | ||||||
| Brazil — 4.7% | ||||||||
| 3R Petroleum Oleo E Gas SA(a) | 57,330 | 281,661 | ||||||
| Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA(a) | 85,605 | 119,533 | ||||||
| AES Brasil Energia SA | 104,845 | 210,740 | ||||||
| Aliansce Sonae Shopping Centers SA | 52,049 | 190,351 | ||||||
| Alupar Investimento SA | 58,508 | 251,439 | ||||||
| Ambipar Participacoes e Empreendimentos S/A | 18,980 | 133,154 | ||||||
| Anima Holding SA(a) | 110,435 | 168,152 | ||||||
| Arezzo Industria e Comercio SA | 19,500 | 232,952 | ||||||
| Armac Locacao Logistica E Servicos SA | 51,350 | 197,751 | ||||||
| Boa Vista Servicos SA | 103,805 | 138,484 | ||||||
| BR Malls Participacoes SA(a) | 279,500 | 392,762 | ||||||
| BR Properties SA | 78,161 | 100,102 | ||||||
| C&A Modas Ltda(a) | 45,610 | 52,410 | ||||||
| Cia Brasileira de Distribuicao | 58,500 | 233,091 | ||||||
| Cia Paranaense de Energia | 31,590 | 164,978 | ||||||
| Cia. de Locacao das Americas | 122,265 | 503,905 | ||||||
| Cia. de Saneamento de Minas Gerais-COPASA | 67,990 | 155,044 | ||||||
| Cia. de Saneamento do Parana | 57,590 | 192,074 | ||||||
| Cielo SA | 442,000 | 162,747 | ||||||
| CM Hospitalar SA | 42,185 | 127,714 | ||||||
| Cogna Educacao(a) | 673,270 | 297,004 | ||||||
| Companhia Brasileira de Aluminio(a) | 52,520 | 111,825 | ||||||
| Cruzeiro do Sul Educacional SA | 36,075 | 41,710 | ||||||
| CVC Brasil Operadora e Agencia de Viagens SA(a) | 80,015 | 193,852 | ||||||
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | 105,755 | 255,835 | ||||||
| Dexco SA | 117,000 | 375,234 | ||||||
| EcoRodovias Infraestrutura e Logistica SA(a) | 121,485 | 179,358 | ||||||
| EDP - Energias do Brasil SA | 104,000 | 395,884 | ||||||
| Embraer SA(a) | 251,095 | 854,871 | ||||||
| Enauta Participacoes SA | 37,635 | 89,170 | ||||||
| Eneva SA(a) | 244,855 | 607,581 | ||||||
| Ez Tec Empreendimentos e Participacoes SA | 39,207 | 126,509 | ||||||
| Fleury SA | 67,275 | 209,058 | ||||||
| GPS Participacoes e Empreendimentos SA(b) | 105,430 | 272,115 | ||||||
| Grendene SA | 136,500 | 203,469 | ||||||
| GRUPO DE MODA SOMA SA(a) | 157,230 | 364,140 | ||||||
| Grupo Mateus SA(a) | 160,355 | 167,148 | ||||||
| Grupo SBF SA(a) | 39,000 | 168,852 | ||||||
| Guararapes Confeccoes SA | 41,190 | 74,733 | ||||||
| Hidrovias do Brasil SA(a) | 153,920 | 74,197 | ||||||
| Iguatemi SA(a) | 4,151 | 140,278 | ||||||
| Instituto Hermes Pardini SA | 26,000 | 89,398 | ||||||
| Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 26,260 | 123,970 | ||||||
| Iochpe Maxion SA(a) | 45,615 | 117,164 | ||||||
| IRB Brasil Resseguros S/A(a) | 363,675 | 278,812 | ||||||
| JHSF Participacoes SA | 123,610 | 103,341 | ||||||
| Light SA | 121,230 | 259,631 | ||||||
| Locaweb Servicos de Internet SA(b) | 156,390 | 366,923 | ||||||
| LOG Commercial Properties e Participacoes SA | 19,570 | 76,618 | ||||||
| Lojas Quero Quero S/A | 71,500 | 128,836 | ||||||
| Security | Shares | Value | ||||||
| Brazil (continued) | ||||||||
| M. Dias Branco SA | 29,965 | $ | 148,070 | |||||
| Mahle-Metal Leve SA | 16,445 | 85,679 | ||||||
| Marfrig Global Foods SA | 143,000 | 599,537 | ||||||
| Meliuz SA(b) | 193,830 | 103,089 | ||||||
| Minerva SA | 99,320 | 151,581 | ||||||
| Movida Participacoes SA | 52,000 | 155,209 | ||||||
| MPM Corporeos SA | 51,025 | 73,971 | ||||||
| MRV Engenharia e Participacoes SA | 110,610 | 218,196 | ||||||
| Multiplan Empreendimentos Imobiliarios SA | 119,990 | 418,333 | ||||||
| Odontoprev SA | 97,500 | 218,349 | ||||||
| Omega Geracao SA(a) | 49,790 | 240,366 | ||||||
| Pet Center Comercio e Participacoes SA | 89,505 | 289,920 | ||||||
| Petro Rio SA(a) | 221,130 | 798,087 | ||||||
| Qualicorp Consultoria e Corretora de Seguros SA | 80,340 | 224,792 | ||||||
| Santos Brasil Participacoes SA(a) | 195,110 | 207,887 | ||||||
| Sao Martinho SA | 66,800 | 417,184 | ||||||
| Sendas Distribuidora SA | 299,325 | 678,850 | ||||||
| Sequoia Logistica e Transportes SA(a) | 22,490 | 39,205 | ||||||
| SIMPAR SA | 100,880 | 188,953 | ||||||
| SLC Agricola SA | 35,230 | 240,513 | ||||||
| Smartfit | 72,605 | 233,628 | ||||||
| Sul America SA | 91,455 | 406,044 | ||||||
| Transmissora Alianca de Energia Eletrica SA | 71,500 | 458,238 | ||||||
| Tupy SA | 26,000 | 89,305 | ||||||
| Vamos Locacao de Caminhoes Maquinas e Equipamentos SA(a) | 126,295 | 251,159 | ||||||
| Vivara Participacoes SA | 39,000 | 170,031 | ||||||
| YDUQS Participacoes SA | 106,275 | 412,673 | ||||||
| 18,275,409 | ||||||||
| Cayman Islands — 0.7% | ||||||||
| Advanced Energy Solution Holding Co. Ltd. | 10,000 | 579,043 | ||||||
| Antengene Corp. Ltd.(a)(b) | 97,500 | 147,038 | ||||||
| China Youran Dairy Group Ltd.(a)(b) | 260,000 | 137,368 | ||||||
| Everest Medicines Ltd.(a)(b) | 65,000 | 295,075 | ||||||
| Fire Rock Holdings Ltd. | 780,000 | 217,056 | ||||||
| Genor Biopharma Holdings Ltd.(a)(b)(c) | 97,500 | 106,483 | ||||||
| Midea Real Estate Holding Ltd.(b) | 117,000 | 202,552 | ||||||
| New Horizon Health Ltd.(a)(b) | 32,500 | 122,948 | ||||||
| Sun King Technology Group Ltd. | 390,000 | 260,067 | ||||||
| Yeahka Ltd.(a) | 78,000 | 281,572 | ||||||
| Youdao Inc., ADR(a) | 14,365 | 227,829 | ||||||
| 2,577,031 | ||||||||
| Chile — 0.6% | ||||||||
| AES Andes SA | 1,383,460 | 152,136 | ||||||
| Aguas Andinas SA, Class A | 902,330 | 192,077 | ||||||
| CAP SA | 26,195 | 236,440 | ||||||
| Cencosud Shopping SA | 232,115 | 246,093 | ||||||
| Colbun SA | 3,682,575 | 241,150 | ||||||
| Empresa Nacional de Telecomunicaciones SA | 50,960 | 178,642 | ||||||
| Engie Energia Chile SA | 162,305 | 99,251 | ||||||
| Forus SA | 29,434 | 36,678 | ||||||
| Grupo Security SA | 184,193 | 24,887 | ||||||
| Inversiones Aguas Metropolitanas SA | 132,470 | 70,705 | ||||||
| Inversiones La Construccion SA | 9,839 | 29,730 | ||||||
| Itau CorpBanca Chile SA(a) | 102,239,877 | 210,394 | ||||||
| Parque Arauco SA(a) | 182,650 | 176,337 | ||||||
| Plaza SA | 114,595 | 121,884 | ||||||
| SMU SA | 995,605 | 120,218 | ||||||
1
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Chile (continued) | ||||||||
| Vina Concha y Toro SA | 155,610 | $ | 279,294 | |||||
| 2,415,916 | ||||||||
| China — 8.7% | ||||||||
| 111 Inc.(a)(c) | 14,170 | 54,555 | ||||||
| 361 Degrees International Ltd.(a) | 325,000 | 162,588 | ||||||
| AK Medical Holdings Ltd.(b) | 260,000 | 222,195 | ||||||
| Alphamab Oncology(a)(b) | 130,000 | 315,346 | ||||||
| Anxin-China Holdings Ltd.(d) | 1,084,000 | 1 | ||||||
| Ascentage Pharma Group International(a)(b)(c) | 52,000 | 216,198 | ||||||
| Asia Cement China Holdings Corp. | 180,000 | 114,491 | ||||||
| Baozun Inc., ADR(a) | 20,735 | 285,936 | ||||||
| Beijing Chunlizhengda Medical Instruments Co. Ltd., Class H(a)(c) | 32,500 | 76,609 | ||||||
| Beijing Energy International Holding Co. Ltd.(a) | 2,600,000 | 88,649 | ||||||
| Beijing Gas Blue Sky Holdings Ltd.(a)(d) | 2,912,000 | 26,129 | ||||||
| Beijing Jingneng Clean Energy Co. Ltd., Class H | 520,000 | 148,081 | ||||||
| Beijing Tong Ren Tang Chinese Medicine Co. Ltd.(c) | 130,000 | 174,243 | ||||||
| BEST Inc., ADR(a)(c) | 86,840 | 90,314 | ||||||
| Binjiang Service Group Co. Ltd. | 32,500 | 89,377 | ||||||
| Bit Digital Inc.(a)(c) | 21,710 | 213,626 | ||||||
| Boshiwa International Holding Ltd.(d) | 32,000 | — | ||||||
| Burning Rock Biotech Ltd., ADR(a) | 16,965 | 262,279 | ||||||
| C&D International Investment Group Ltd. | 130,000 | 247,809 | ||||||
| Canaan Inc., ADR(a)(c) | 34,515 | 303,387 | ||||||
| Canvest Environmental Protection Group Co. Ltd. | 325,000 | 172,127 | ||||||
| Cathay Media And Education Group Inc.(b) | 195,000 | 79,193 | ||||||
| Central China Management Co. Ltd. | 390,000 | 75,048 | ||||||
| Central China New Life Ltd.(c) | 195,000 | 124,477 | ||||||
| Central China Real Estate Ltd. | 325,000 | 45,845 | ||||||
| CGN New Energy Holdings Co. Ltd.(c) | 444,000 | 390,807 | ||||||
| Changsha Broad Homes Industrial Group Co Ltd., Class H(a)(b)(c) | 39,000 | 48,773 | ||||||
| China Animal Healthcare Ltd.(d) | 126,000 | — | ||||||
| China Aoyuan Group Ltd. | 845,000 | 236,227 | ||||||
| China BlueChemical Ltd., Class H | 832,000 | 252,548 | ||||||
| China Datang Corp. Renewable Power Co. Ltd., Class H | 910,000 | 349,826 | ||||||
| China Dongxiang Group Co. Ltd. | 1,560,000 | 142,036 | ||||||
| China East Education Holdings Ltd.(b) | 292,500 | 305,328 | ||||||
| China Everbright Greentech Ltd.(b)(c) | 325,000 | 110,991 | ||||||
| China Everbright Ltd. | 390,000 | 420,108 | ||||||
| China Foods Ltd. | 650,000 | 241,850 | ||||||
| China Harmony Auto Holding Ltd. | 357,500 | 197,134 | ||||||
| China High Speed Transmission Equipment Group Co. Ltd.(a)(c) | 195,000 | 161,445 | ||||||
| China Huiyuan Juice Group Ltd.(d) | 379,000 | — | ||||||
| China Isotope & Radiation Corp.(c) | 26,000 | 74,019 | ||||||
| China Kepei Education Group Ltd. | 260,000 | 141,207 | ||||||
| China Lilang Ltd. | 195,000 | 104,426 | ||||||
| China Logistics Property Holdings Co. Ltd.(a)(b)(c) | 390,000 | 210,054 | ||||||
| China Lumena New Materials Corp.(a)(c)(d) | 5,249 | — | ||||||
| China Maple Leaf Educational Systems Ltd.(a) | 520,000 | 58,000 | ||||||
| China Metal Recycling Holdings Ltd.(d) | 12,000 | — | ||||||
| China Modern Dairy Holdings Ltd.(c) | 1,105,000 | 184,775 | ||||||
| China New Higher Education Group Ltd.(b) | 325,000 | 163,171 | ||||||
| China Online Education Group, ADR(a)(c) | 3,916 | 6,501 | ||||||
| China Oriental Group Co. Ltd. | 522,000 | 137,968 | ||||||
| China Overseas Grand Oceans Group Ltd. | 585,000 | 263,852 | ||||||
| China Renaissance Holdings Ltd.(b)(c) | 65,100 | 135,328 | ||||||
| China Resources Medical Holdings Co. Ltd. | 325,000 | 203,612 | ||||||
| China SCE Group Holdings Ltd. | 780,000 | 205,955 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| China Shineway Pharmaceutical Group Ltd. | 130,000 | $ | 119,926 | |||||
| China South City Holdings Ltd. | 1,820,000 | 121,011 | ||||||
| China Tobacco International HK Co. Ltd. | 65,000 | 147,861 | ||||||
| China Travel International Investment Hong Kong Ltd.(a) | 1,042,000 | 174,979 | ||||||
| China Water Affairs Group Ltd. | 390,000 | 447,491 | ||||||
| China Zhongwang Holdings Ltd.(a)(c)(d) | 696,800 | 126,460 | ||||||
| CIMC Enric Holdings Ltd. | 260,000 | 354,030 | ||||||
| CMGE Technology Group Ltd.(c) | 390,000 | 166,652 | ||||||
| COFCO Joycome Foods Ltd. | 846,000 | 284,186 | ||||||
| Colour Life Services Group Co. Ltd.(c) | 130,000 | 18,868 | ||||||
| Concord New Energy Group Ltd. | 3,250,000 | 332,990 | ||||||
| Cosmopolitan International Holdings Ltd.(a) | 780,000 | 121,031 | ||||||
| CPMC Holdings Ltd. | 325,000 | 166,867 | ||||||
| CStone Pharmaceuticals(a)(b) | 195,000 | 259,665 | ||||||
| Dexin China Holdings Co. Ltd.(c) | 650,000 | 211,721 | ||||||
| Differ Group Holding Co. Ltd.(c) | 1,040,000 | 212,054 | ||||||
| Digital China Holdings Ltd. | 325,000 | 176,581 | ||||||
| DouYu International Holdings Ltd., ADR(a) | 51,415 | 142,934 | ||||||
| Edvantage Group Holdings Ltd. | 130,000 | 84,185 | ||||||
| EHang Holdings Ltd., ADR(a)(c) | 8,710 | 184,216 | ||||||
| Excellence Commercial Property & Facilities Management Group Ltd. | 130,000 | 77,666 | ||||||
| Fanhua Inc., ADR | 17,875 | 228,800 | ||||||
| Fantasia Holdings Group Co. Ltd. | 780,000 | 31,508 | ||||||
| FIH Mobile Ltd.(a)(c) | 1,300,000 | 189,505 | ||||||
| FinVolution Group, ADR | 41,145 | 241,521 | ||||||
| Fu Shou Yuan International Group Ltd. | 390,000 | 313,448 | ||||||
| Fufeng Group Ltd. | 650,400 | 259,926 | ||||||
| Ganglong China Property Group Ltd.(c) | 195,000 | 112,162 | ||||||
| Gaotu Techedu Inc., ADR(a) | 46,150 | 123,220 | ||||||
| GCL New Energy Holdings Ltd.(a) | 3,250,000 | 129,200 | ||||||
| Gemdale Properties & Investment Corp. Ltd. | 2,340,000 | 224,515 | ||||||
| Genertec Universal Medical Group Co. Ltd.(b) | 455,000 | 314,148 | ||||||
| Genetron Holdings Ltd., ADR(a)(c) | 7,865 | 71,100 | ||||||
| Glory Sun Financial Group Ltd.(a) | 5,720,000 | 168,208 | ||||||
| Greatview Aseptic Packaging Co. Ltd. | 325,000 | 109,195 | ||||||
| Greenland Hong Kong Holdings Ltd. | 520,000 | 105,100 | ||||||
| Greentown Management Holdings Co. Ltd.(b) | 195,000 | 112,752 | ||||||
| Haichang Ocean Park Holdings Ltd.(a)(b) | 390,000 | 137,035 | ||||||
| Hainan Meilan International Airport Co. Ltd., Class H(a) | 55,000 | 179,501 | ||||||
| Hangzhou Steam Turbine Co. Ltd., Class B | 104,080 | 231,571 | ||||||
| Harbin Electric Co. Ltd., Class H | 200,000 | 94,422 | ||||||
| Hi Sun Technology China Ltd.(a) | 780,000 | 100,288 | ||||||
| Hope Education Group Co. Ltd.(b) | 1,040,000 | 226,819 | ||||||
| Hua Han Health Industry Holdings Ltd.(d) | 1,112,400 | 1 | ||||||
| Hua Medicine(a)(b) | 260,000 | 136,692 | ||||||
| Huanxi Media Group Ltd.(a) | 650,000 | 127,533 | ||||||
| HUYA Inc., ADR(a) | 28,340 | 244,007 | ||||||
| iClick Interactive Asia Group Ltd., ADR(a)(c) | 26,065 | 172,811 | ||||||
| iDreamSky Technology Holdings Ltd.(a)(b) | 260,000 | 216,981 | ||||||
| IMAX China Holding Inc.(b) | 45,500 | 75,269 | ||||||
| Inner Mongolia Yitai Coal Co. Ltd., Class B | 422,500 | 335,955 | ||||||
| IVD Medical Holding Ltd. | 390,000 | 171,970 | ||||||
| JH Educational Technology Inc. | 260,000 | 83,021 | ||||||
| Jiayuan International Group Ltd.(c) | 520,000 | 200,051 | ||||||
| Jinchuan Group International Resources Co. Ltd.(c) | 1,300,000 | 195,724 | ||||||
| JinkoSolar Holding Co. Ltd., ADR(a)(c) | 13,455 | 703,427 | ||||||
| JNBY Design Ltd. | 97,500 | 164,292 | ||||||
| JW Cayman Therapeutics Co. Ltd.(a)(b)(c) | 65,000 | 105,106 | ||||||
| Kangji Medical Holdings Ltd. | 130,000 | 145,791 | ||||||
2
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Koolearn Technology Holding Ltd.(a)(b)(c) | 130,000 | $ | 135,817 | |||||
| KWG Living Group Holdings Ltd. | 390,000 | 235,759 | ||||||
| LexinFintech Holdings Ltd., ADR(a) | 37,960 | 159,432 | ||||||
| Lifetech Scientific Corp.(a) | 1,342,000 | 725,465 | ||||||
| Lonking Holdings Ltd. | 845,000 | 218,009 | ||||||
| Luoyang Glass Co. Ltd., Class H(a) | 130,000 | 266,735 | ||||||
| Luye Pharma Group Ltd.(a)(b) | 650,000 | 297,993 | ||||||
| LVGEM China Real Estate Investment Co. Ltd.(a)(c) | 520,000 | 94,024 | ||||||
| Maoyan Entertainment(a)(b)(c) | 169,000 | 190,011 | ||||||
| Meitu Inc.(a)(b) | 845,000 | 174,668 | ||||||
| Mobvista Inc.(a)(b) | 195,000 | 170,302 | ||||||
| Nam Tai Property Inc.(a) | 6,825 | 122,236 | ||||||
| National Agricultural Holdings Ltd.(c)(d) | 354,000 | 454 | ||||||
| NetDragon Websoft Holdings Ltd. | 130,000 | 296,128 | ||||||
| Newborn Town Inc.(a) | 130,000 | 64,268 | ||||||
| Nexteer Automotive Group Ltd. | 325,000 | 420,172 | ||||||
| Niu Technologies, ADR(a)(c) | 11,375 | 231,367 | ||||||
| Ocumension Therapeutics(a)(b) | 65,000 | 138,424 | ||||||
| OneSmart International Education Group Ltd., ADR(a)(c)(d) | 52,780 | 21,123 | ||||||
| Peijia Medical Ltd.(a)(b)(c) | 65,000 | 139,869 | ||||||
| Poly Property Group Co. Ltd. | 750,000 | 188,510 | ||||||
| Pou Sheng International Holdings Ltd.(a) | 910,000 | 128,366 | ||||||
| Powerlong Commercial Management Holdings Ltd. | 65,000 | 130,982 | ||||||
| Q Technology Group Co. Ltd.(c) | 195,000 | 274,377 | ||||||
| Qudian Inc., ADR(a) | 75,985 | 106,379 | ||||||
| Radiance Holdings Group Co. Ltd.(c) | 260,000 | 128,882 | ||||||
| Redco Properties Group Ltd.(b)(c) | 390,000 | 113,029 | ||||||
| ReneSola Ltd., ADR(a)(c) | 13,065 | 90,149 | ||||||
| Road King Infrastructure Ltd. | 65,000 | 60,648 | ||||||
| Ronshine China Holdings Ltd.(c) | 227,500 | 86,524 | ||||||
| Shanghai Industrial Holdings Ltd. | 195,000 | 280,255 | ||||||
| Shanghai Jin Jiang Capital Co. Ltd., Class H | 650,000 | 240,062 | ||||||
| Sheng Ye Capital Ltd. | 162,500 | 147,746 | ||||||
| Shoucheng Holdings Ltd. | 781,200 | 189,567 | ||||||
| Shougang Fushan Resources Group Ltd. | 910,000 | 236,105 | ||||||
| Shui On Land Ltd. | 1,367,500 | 181,754 | ||||||
| Sihuan Pharmaceutical Holdings Group Ltd. | 1,365,000 | 266,142 | ||||||
| Sino-Ocean Group Holding Ltd. | 1,040,000 | 243,208 | ||||||
| Sinopec Engineering Group Co. Ltd., Class H | 520,000 | 253,140 | ||||||
| Sinopec Kantons Holdings Ltd. | 390,000 | 142,083 | ||||||
| Skyfame Realty Holdings Ltd. | 1,690,000 | 190,716 | ||||||
| Skyworth Group Ltd.(a) | 780,000 | 474,122 | ||||||
| SOHO China Ltd.(a) | 780,000 | 174,045 | ||||||
| Sohu.com Ltd., ADR(a) | 11,635 | 196,282 | ||||||
| SOS Ltd., ADR(a) | 62,595 | 80,122 | ||||||
| SSY Group Ltd. | 520,000 | 260,067 | ||||||
| Superb Summit International Group Ltd.(d) | 11,913 | 5 | ||||||
| TCL Electronics Holdings Ltd. | 325,000 | 170,895 | ||||||
| Tian Lun Gas Holdings Ltd. | 162,500 | 154,942 | ||||||
| Tiangong International Co. Ltd. | 390,000 | 228,413 | ||||||
| Tianjin Port Development Holdings Ltd. | 608,000 | 47,843 | ||||||
| Tianli Education International Holdings Ltd. | 455,000 | 108,454 | ||||||
| Tianneng Power International Ltd.(c) | 260,000 | 286,720 | ||||||
| Times Neighborhood Holdings Ltd.(c) | 260,000 | 114,611 | ||||||
| Tong Ren Tang Technologies Co. Ltd., Class H | 260,000 | 195,882 | ||||||
| Tongdao Liepin Group(a) | 91,000 | 178,312 | ||||||
| Towngas China Co. Ltd. | 390,000 | 264,430 | ||||||
| Untrade SMI Holdings(d) | 468,800 | 1 | ||||||
| Up Fintech Holding Ltd., ADR(a) | 41,275 | 249,301 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Uxin Ltd., ADR(a) | 96,460 | $ | 213,177 | |||||
| Viva Biotech Holdings(b) | 260,000 | 155,290 | ||||||
| West China Cement Ltd. | 910,000 | 154,806 | ||||||
| Wuling Motors Holdings Ltd.(c) | 650,000 | 150,911 | ||||||
| XD Inc.(a)(c) | 65,000 | 386,225 | ||||||
| Xiabuxiabu Catering Management China Holdings Co. Ltd.(b) | 162,500 | 112,221 | ||||||
| Xtep International Holdings Ltd.(c) | 520,000 | 702,422 | ||||||
| Yixin Group Ltd.(a)(b) | 520,000 | 92,222 | ||||||
| Yuexiu REIT | 585,000 | 251,314 | ||||||
| Yuexiu Transport Infrastructure Ltd. | 390,000 | 242,062 | ||||||
| Yuzhou Group Holdings Co. Ltd. | 747,744 | 73,835 | ||||||
| Zepp Health Corp., ADR(a)(c) | 12,740 | 86,505 | ||||||
| Zhaojin Mining Industry Co. Ltd., Class H | 390,000 | 407,104 | ||||||
| Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H(c) | 91,000 | 99,890 | ||||||
| Zhenro Properties Group Ltd. | 585,000 | 330,085 | ||||||
| Zhou Hei Ya International Holdings Co. Ltd.(b) | 292,500 | 268,695 | ||||||
| Zhuguang Holdings Group Co. Ltd. | 650,000 | 132,534 | ||||||
| 33,873,018 | ||||||||
| Colombia — 0.2% | ||||||||
| Cementos Argos SA | 172,485 | 259,483 | ||||||
| Corp. Financiera Colombiana SA(a) | 32,760 | 236,003 | ||||||
| Grupo Argos SA | 113,360 | 357,531 | ||||||
| 853,017 | ||||||||
| Cyprus — 0.2% | ||||||||
| Globaltrans Investment PLC, GDR(e) | 35,100 | 250,351 | ||||||
| Lenta PLC, GDR(a) | 42,185 | 116,518 | ||||||
| QIWI PLC, SP ADR | 14,105 | 120,251 | ||||||
| United Medical Group | 11,310 | 181,006 | ||||||
| 668,126 | ||||||||
| Czech Republic — 0.0% | ||||||||
| Philip Morris CR AS | 130 | 89,792 | ||||||
| Egypt — 0.3% | ||||||||
| Cairo Investment & Real Estate Development Co. SAE | 105,860 | 93,389 | ||||||
| Cleopatra Hospital(a) | 470,267 | 135,262 | ||||||
| Egyptian Financial Group-Hermes Holding Co.(a) | 231,708 | 210,918 | ||||||
| EISewedy Electric Co. | 267,345 | 142,015 | ||||||
| Heliopolis Housing | 145,350 | 45,770 | ||||||
| Juhayna Food Industries(a) | 208,550 | 91,050 | ||||||
| Palm Hills Developments SAE | 487,050 | 55,284 | ||||||
| Six of October Development & Investment | 76,650 | 95,479 | ||||||
| Talaat Moustafa Group | 296,550 | 153,818 | ||||||
| Telecom Egypt Co. | 105,650 | 96,278 | ||||||
| 1,119,263 | ||||||||
| Greece — 0.9% | ||||||||
| Aegean Airlines SA(a) | 16,104 | 88,738 | ||||||
| Athens Water Supply & Sewage Co. SA | 17,008 | 142,574 | ||||||
| GEK Terna Holding Real Estate Construction SA(a) | 18,832 | 209,142 | ||||||
| Hellenic Petroleum Holdings SA | 20,790 | 136,545 | ||||||
| Holding Co. ADMIE IPTO SA | 67,320 | 190,773 | ||||||
| LAMDA Development SA(a) | 27,750 | 220,875 | ||||||
| Motor Oil Hellas Corinth Refineries SA | 21,976 | 332,217 | ||||||
| Mytilineos SA | 36,046 | 590,582 | ||||||
| National Bank of Greece SA(a) | 186,930 | 556,637 | ||||||
| Piraeus Financial Holdings SA(a) | 218,822 | 315,389 | ||||||
| Sarantis SA | 15,003 | 146,328 | ||||||
| Terna Energy SA | 15,095 | 231,110 | ||||||
3
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Greece (continued) | ||||||||
| Titan Cement International SA | 13,350 | $ | 207,220 | |||||
| 3,368,130 | ||||||||
| Hong Kong — 0.2% | ||||||||
| Grand Pharmaceutical Group Ltd., Class A | 425,500 | 348,672 | ||||||
| Joy Spreader Group Inc.(a)(c) | 390,000 | 109,353 | ||||||
| Truly International Holdings Ltd. | 650,000 | 218,389 | ||||||
| Untrade MH Development NPV(d) | 164,000 | 12,198 | ||||||
| 688,612 | ||||||||
| Hungary — 0.1% | ||||||||
| Magyar Telekom Telecommunications PLC | 215,800 | 277,757 | ||||||
| India — 21.3% | ||||||||
| 3M India Ltd.(a) | 1,105 | 367,588 | ||||||
| Aarti Drugs Ltd. | 10,400 | 70,180 | ||||||
| Aarti Industries Ltd. | 68,120 | 850,567 | ||||||
| Aavas Financiers Ltd.(a) | 12,415 | 464,365 | ||||||
| Adani Power Ltd.(a) | 278,005 | 363,871 | ||||||
| Aditya Birla Capital Ltd.(a) | 169,650 | 246,298 | ||||||
| Aditya Birla Fashion and Retail Ltd.(a) | 113,555 | 385,303 | ||||||
| Advanced Enzyme Technologies Ltd. | 20,930 | 91,345 | ||||||
| Aegis Logistics Ltd. | 55,705 | 169,783 | ||||||
| Affle India Ltd.(a) | 21,450 | 328,798 | ||||||
| AIA Engineering Ltd. | 16,705 | 421,781 | ||||||
| Ajanta Pharma Ltd. | 10,855 | 300,468 | ||||||
| Alembic Pharmaceuticals Ltd. | 20,605 | 220,989 | ||||||
| Alkyl Amines Chemicals | 4,680 | 198,418 | ||||||
| Allcargo Logistics Ltd. | 27,105 | 120,445 | ||||||
| Alok Industries Ltd.(a) | 441,805 | 125,591 | ||||||
| Amara Raja Batteries Ltd. | 31,915 | 262,326 | ||||||
| Amber Enterprises India Ltd.(a) | 6,565 | 263,346 | ||||||
| Angel One Ltd. | 9,945 | 134,217 | ||||||
| APL Apollo Tubes Ltd.(a) | 42,240 | 521,630 | ||||||
| Apollo Tyres Ltd. | 123,695 | 336,332 | ||||||
| Ashok Leyland Ltd. | 512,980 | 817,154 | ||||||
| Aster DM Healthcare Ltd.(a)(b) | 66,495 | 169,960 | ||||||
| Astral Ltd. | 32,544 | 953,826 | ||||||
| AstraZeneca Pharma India Ltd. | 1,950 | 81,400 | ||||||
| Atul Ltd. | 5,720 | 661,422 | ||||||
| AU Small Finance Bank Ltd.(a)(b) | 29,055 | 423,944 | ||||||
| Avanti Feeds Ltd. | 26,455 | 185,036 | ||||||
| Bajaj Consumer Care Ltd. | 44,720 | 108,843 | ||||||
| Bajaj Electricals Ltd.(a) | 16,575 | 236,973 | ||||||
| Balaji Amines Ltd. | 3,250 | 129,549 | ||||||
| Balrampur Chini Mills Ltd. | 52,650 | 218,462 | ||||||
| BASF India Ltd. | 3,445 | 124,349 | ||||||
| Bata India Ltd. | 20,605 | 515,326 | ||||||
| Bayer CropScience Ltd./India | 5,135 | 314,383 | ||||||
| BEML Ltd. | 5,980 | 147,095 | ||||||
| Bharat Heavy Electricals Ltd.(a) | 315,250 | 246,807 | ||||||
| Birla Corp. Ltd. | 9,815 | 176,213 | ||||||
| Birlasoft Ltd. | 58,500 | 368,644 | ||||||
| Blue Dart Express Ltd. | 2,340 | 204,073 | ||||||
| Blue Star Ltd. | 21,710 | 274,531 | ||||||
| Borosil Renewables Ltd.(a) | 12,448 | 97,419 | ||||||
| Brigade Enterprises Ltd. | 33,475 | 224,335 | ||||||
| Brightcom Group Ltd. | 94,355 | 172,570 | ||||||
| Brookfield India Real Estate Trust(b) | 52,000 | 196,182 | ||||||
| BSE Ltd. | 8,580 | 178,085 | ||||||
| Can Fin Homes Ltd. | 22,230 | 174,670 | ||||||
| Canara Bank(a) | 127,985 | 338,947 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Carborundum Universal Ltd. | 38,740 | $ | 472,736 | |||||
| Castrol India Ltd. | 176,930 | 304,738 | ||||||
| CCL Products India Ltd. | 25,805 | 138,669 | ||||||
| Ceat Ltd. | 7,020 | 109,746 | ||||||
| Central Depository Services India Ltd. | 17,615 | 340,275 | ||||||
| Century Plyboards India Ltd. | 16,909 | 135,357 | ||||||
| Century Textiles & Industries Ltd. | 25,480 | 259,327 | ||||||
| CESC Ltd. | 211,900 | 246,475 | ||||||
| CG Power and Industrial Solutions Ltd.(a) | 190,515 | 379,876 | ||||||
| Chambal Fertilizers and Chemicals Ltd. | 64,220 | 310,380 | ||||||
| Cholamandalam Financial Holdings Ltd. | 38,415 | 357,122 | ||||||
| City Union Bank Ltd. | 137,735 | 264,762 | ||||||
| Clean Science and Technology(a) | 9,230 | 262,748 | ||||||
| Coforge Ltd. | 7,410 | 533,868 | ||||||
| Computer Age Management Services Ltd. | 9,945 | 406,321 | ||||||
| Coromandel International Ltd. | 40,690 | 400,347 | ||||||
| CreditAccess Grameen Ltd.(a) | 19,890 | 133,375 | ||||||
| CRISIL Ltd. | 7,800 | 322,680 | ||||||
| Crompton Greaves Consumer Electricals Ltd. | 195,390 | 1,166,565 | ||||||
| Cummins India Ltd. | 47,320 | 553,867 | ||||||
| Cyient Ltd. | 32,370 | 435,644 | ||||||
| Dalmia Bharat Ltd. | 29,445 | 733,368 | ||||||
| DCB Bank Ltd.(a) | 4,655 | 5,077 | ||||||
| Deepak Nitrite Ltd. | 24,895 | 701,651 | ||||||
| Devyani International Ltd.(a) | 87,425 | 172,343 | ||||||
| Dhani Services Ltd.(a) | 81,120 | 178,186 | ||||||
| Dilip Buildcon Ltd.(b) | 15,275 | 107,340 | ||||||
| Dixon Technologies India Ltd. | 11,375 | 767,409 | ||||||
| Dr Lal PathLabs Ltd.(b) | 12,415 | 626,354 | ||||||
| eClerx Services Ltd. | 5,915 | 172,234 | ||||||
| Edelweiss Financial Services Ltd. | 185,380 | 164,911 | ||||||
| EID Parry India Ltd. | 31,460 | 194,665 | ||||||
| Emami Ltd. | 73,970 | 519,723 | ||||||
| Embassy Office Parks REIT | 160,355 | 768,569 | ||||||
| Endurance Technologies Ltd.(b) | 14,690 | 326,172 | ||||||
| Engineers India Ltd. | 158,210 | 150,854 | ||||||
| EPL Ltd. | 37,700 | 99,253 | ||||||
| Eris Lifesciences Ltd.(b) | 15,925 | 152,361 | ||||||
| Escorts Ltd. | 24,505 | 602,612 | ||||||
| Exide Industries Ltd. | 172,575 | 373,237 | ||||||
| Federal Bank Ltd. | 556,530 | 641,739 | ||||||
| Fine Organic Industries Ltd. | 2,340 | 111,711 | ||||||
| Finolex Cables Ltd. | 23,725 | 179,013 | ||||||
| Finolex Industries Ltd. | 101,400 | 285,458 | ||||||
| Firstsource Solutions Ltd. | 113,815 | 256,608 | ||||||
| Fortis Healthcare Ltd.(a) | 166,790 | 623,654 | ||||||
| Gillette India Ltd. | 4,160 | 300,526 | ||||||
| GlaxoSmithKline Pharmaceuticals Ltd. | 9,709 | 216,905 | ||||||
| Glenmark Pharmaceuticals Ltd. | 51,155 | 356,590 | ||||||
| GMM Pfaudler Ltd. | 2,730 | 162,413 | ||||||
| GMR Infrastructure Ltd.(a) | 869,505 | 435,319 | ||||||
| Godrej Industries Ltd.(a) | 24,960 | 189,321 | ||||||
| Granules India Ltd. | 54,470 | 217,647 | ||||||
| Graphite India Ltd. | 22,750 | 123,456 | ||||||
| Great Eastern Shipping Co. Ltd. (The) | 41,015 | 160,228 | ||||||
| Grindwell Norton Ltd. | 8,660 | 185,899 | ||||||
| Gujarat Fluorochemicals Ltd.(a) | 10,400 | 272,183 | ||||||
| Gujarat Gas Ltd. | 61,555 | 548,148 | ||||||
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 24,960 | 140,869 | ||||||
| Gujarat State Petronet Ltd. | 106,080 | 442,751 | ||||||
4
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Happiest Minds Technologies Ltd. | 21,580 | $ | 345,983 | |||||
| HEG Ltd. | 3,900 | 93,634 | ||||||
| HFCL Ltd. | 236,340 | 225,797 | ||||||
| ICICI Securities Ltd.(b) | 32,175 | 313,299 | ||||||
| IDFC First Bank Ltd.(a) | 1,077,180 | 637,598 | ||||||
| IDFC Ltd.(a) | 412,035 | 273,927 | ||||||
| IIFL Finance Ltd. | 45,305 | 186,274 | ||||||
| IIFL Wealth Management Ltd. | 14,885 | 295,807 | ||||||
| India Cements Ltd. (The) | 65,325 | 159,695 | ||||||
| Indiabulls Housing Finance Ltd. | 95,485 | 290,085 | ||||||
| Indiabulls Real Estate Ltd.(a) | 72,800 | 161,948 | ||||||
| IndiaMART Intermesh Ltd.(b) | 4,680 | 464,907 | ||||||
| Indian Energy Exchange Ltd.(b) | 50,050 | 495,668 | ||||||
| Indian Hotels Co. Ltd. (The) | 237,575 | 569,806 | ||||||
| Indigo Paints Ltd.(a) | 3,640 | 107,490 | ||||||
| Inox Leisure Ltd.(a) | 28,535 | 151,973 | ||||||
| Intellect Design Arena Ltd.(a) | 28,535 | 235,306 | ||||||
| Ipca Laboratories Ltd. | 27,040 | 755,656 | ||||||
| IRB Infrastructure Developers Ltd.(a) | 51,675 | 141,151 | ||||||
| JB Chemicals & Pharmaceuticals Ltd. | 14,040 | 306,400 | ||||||
| Jindal Stainless Hisar Ltd.(a) | 37,895 | 152,533 | ||||||
| Jindal Stainless Ltd.(a) | 70,785 | 155,552 | ||||||
| Jindal Steel & Power Ltd.(a) | 148,005 | 673,678 | ||||||
| JK Cement Ltd. | 13,780 | 594,733 | ||||||
| JK Lakshmi Cement Ltd. | 27,820 | 235,113 | ||||||
| JM Financial Ltd. | 216,385 | 204,732 | ||||||
| Johnson Controls-Hitachi Air Conditioning India Ltd.(a) | 4,030 | 101,607 | ||||||
| Jubilant Ingrevia Ltd. | 26,336 | 192,911 | ||||||
| Jubilant Pharmova Ltd. | 24,830 | 192,419 | ||||||
| Just Dial Ltd.(a) | 14,495 | 126,203 | ||||||
| Kajaria Ceramics Ltd. | 30,485 | 462,581 | ||||||
| Kansai Nerolac Paints Ltd. | 33,907 | 269,014 | ||||||
| Karur Vysya Bank Ltd. (The) | 191,555 | 121,986 | ||||||
| Kaveri Seed Co. Ltd. | 11,765 | 78,265 | ||||||
| KEC International Ltd. | 44,265 | 250,402 | ||||||
| KEI Industries Ltd. | 26,780 | 393,774 | ||||||
| KNR Constructions Ltd. | 60,060 | 224,728 | ||||||
| KPIT Technologies Ltd. | 56,485 | 371,504 | ||||||
| KPR Mill Ltd. | 18,952 | 132,937 | ||||||
| L&T Finance Holdings Ltd.(a) | 271,335 | 271,292 | ||||||
| L&T Technology Services Ltd.(b) | 9,490 | 665,426 | ||||||
| Laurus Labs Ltd.(b) | 115,830 | 782,629 | ||||||
| LIC Housing Finance Ltd. | 108,680 | 538,093 | ||||||
| Linde India Ltd. | 6,825 | 227,263 | ||||||
| Lux Industries Ltd | 2,600 | 131,812 | ||||||
| Mahanagar Gas Ltd. | 20,345 | 247,527 | ||||||
| Mahindra & Mahindra Financial Services Ltd. | 226,005 | 465,954 | ||||||
| Mahindra CIE Automotive Ltd.(a) | 52,650 | 167,162 | ||||||
| Manappuram Finance Ltd. | 192,140 | 417,596 | ||||||
| Mastek Ltd. | 6,435 | 230,805 | ||||||
| Max Financial Services Ltd.(a) | 74,490 | 932,562 | ||||||
| Max Healthcare Institute Ltd.(a) | 94,380 | 477,871 | ||||||
| Metropolis Healthcare Ltd.(b) | 9,815 | 429,349 | ||||||
| Minda Industries Ltd. | 28,535 | 343,520 | ||||||
| Mindspace Business Parks REIT(b) | 52,000 | 219,206 | ||||||
| Motilal Oswal Financial Services Ltd. | 18,395 | 231,363 | ||||||
| Multi Commodity Exchange of India Ltd. | 8,169 | 174,008 | ||||||
| Narayana Hrudayalaya Ltd.(a) | 20,488 | 162,563 | ||||||
| Natco Pharma Ltd. | 34,125 | 380,561 | ||||||
| National Aluminium Co. Ltd. | 322,985 | 378,782 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Navin Fluorine International Ltd. | 11,895 | $ | 592,164 | |||||
| NBCC India Ltd. | 280,735 | 150,492 | ||||||
| NCC Ltd./India | 125,905 | 118,739 | ||||||
| NIIT Ltd. | 27,040 | 144,766 | ||||||
| Nippon Life India Asset Management Ltd.(b) | 48,750 | 237,358 | ||||||
| Nuvoco Vistas Corp. Ltd.(a) | 33,550 | 237,208 | ||||||
| Oberoi Realty Ltd.(a) | 43,940 | 485,971 | ||||||
| Oil India Ltd. | 93,275 | 262,035 | ||||||
| Olectra Greentech Ltd.(a) | 11,180 | 122,589 | ||||||
| Oracle Financial Services Software Ltd. | 7,540 | 424,444 | ||||||
| Orient Electric Ltd. | 55,640 | 288,644 | ||||||
| Paisalo Digital Ltd. | 10,985 | 140,761 | ||||||
| Persistent Systems Ltd. | 17,355 | 955,499 | ||||||
| Phoenix Mills Ltd. (The) | 33,410 | 422,635 | ||||||
| PNB Housing Finance Ltd.(a)(b) | 21,710 | 159,100 | ||||||
| Poly Medicure Ltd. | 9,295 | 127,947 | ||||||
| Polycab India Ltd. | 12,090 | 370,777 | ||||||
| Poonawalla Fincorp Ltd.(a) | 54,470 | 131,405 | ||||||
| Praj Industries Ltd. | 26,740 | 115,282 | ||||||
| Prestige Estates Projects Ltd. | 51,350 | 287,989 | ||||||
| Procter & Gamble Health Ltd. | 2,990 | 211,847 | ||||||
| PVR Ltd.(a) | 17,225 | 313,945 | ||||||
| Quess Corp. Ltd.(b) | 26,260 | 311,964 | ||||||
| Radico Khaitan Ltd. | 34,450 | 516,457 | ||||||
| Rain Industries Ltd. | 56,615 | 149,291 | ||||||
| Rajesh Exports Ltd. | 23,920 | 243,627 | ||||||
| Ramco Cements Ltd. (The) | 48,880 | 612,811 | ||||||
| Ratnamani Metals & Tubes Ltd. | 7,670 | 224,787 | ||||||
| RBL Bank Ltd.(a)(b) | 139,035 | 337,274 | ||||||
| REC Ltd. | 419,640 | 751,306 | ||||||
| Redington India Ltd. | 197,340 | 386,050 | ||||||
| Relaxo Footwears Ltd. | 18,655 | 320,833 | ||||||
| Reliance Power Ltd.(a) | 983,905 | 168,888 | ||||||
| Route Mobile Ltd. | 7,085 | 170,773 | ||||||
| Sanofi India Ltd. | 3,120 | 329,789 | ||||||
| Saregama India Ltd. | 2,795 | 158,711 | ||||||
| Schaeffler India Ltd. | 3,705 | 383,012 | ||||||
| Sheela Foam Ltd.(a) | 4,160 | 180,493 | ||||||
| Shriram City Union Finance Ltd. | 8,060 | 238,730 | ||||||
| SKF India Ltd. | 7,800 | 402,091 | ||||||
| Sobha Ltd. | 15,015 | 170,880 | ||||||
| Solar Industries India Ltd. | 10,075 | 371,006 | ||||||
| Solara Active Pharma Sciences Ltd. | 3,965 | 67,226 | ||||||
| Sonata Software Ltd. | 21,905 | 266,410 | ||||||
| Spandana Sphoorty Financial Ltd.(a) | 10,270 | 54,413 | ||||||
| SpiceJet Ltd.(a) | 106,665 | 99,611 | ||||||
| Sterlite Technologies Ltd. | 66,365 | 243,698 | ||||||
| Strides Pharma Science Ltd. | 21,775 | 141,410 | ||||||
| Sumitomo Chemical India Ltd. | 19,175 | 94,826 | ||||||
| Sun TV Network Ltd. | 25,220 | 174,985 | ||||||
| Sundaram Finance Ltd. | 22,620 | 681,123 | ||||||
| Sundram Fasteners Ltd. | 37,180 | 433,343 | ||||||
| Suprajit Engineering Ltd. | 24,700 | 136,675 | ||||||
| Supreme Industries Ltd. | 23,855 | 689,132 | ||||||
| Supreme Petrochem Ltd. | 10,400 | 91,039 | ||||||
| Suven Pharmaceuticals Ltd. | 37,635 | 244,098 | ||||||
| Suzlon Energy Ltd.(a) | 2,014,509 | 183,618 | ||||||
| Syngene International Ltd.(a)(b) | 45,240 | 359,553 | ||||||
| Tanla Platforms Ltd. | 23,010 | 458,001 | ||||||
| Tata Chemicals Ltd. | 59,930 | 695,403 | ||||||
5
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Tata Communications Ltd. | 40,834 | $ | 705,173 | |||||
| Tata Elxsi Ltd. | 12,675 | 973,415 | ||||||
| Tata Teleservices Maharastra Ltd.(a) | 5,107 | 7,648 | ||||||
| TCI Express Ltd. | 4,588 | 130,746 | ||||||
| TeamLease Services Ltd.(a) | 4,940 | 280,981 | ||||||
| Tejas Networks Ltd.(a)(b) | 25,350 | 154,169 | ||||||
| Thermax Ltd. | 14,950 | 348,341 | ||||||
| Thyrocare Technologies Ltd.(b) | 8,775 | 128,927 | ||||||
| Timken India Ltd. | 6,630 | 178,285 | ||||||
| Torrent Power Ltd. | 57,330 | 420,673 | ||||||
| Trident Ltd. | 372,775 | 257,933 | ||||||
| TTK Prestige Ltd. | 2,015 | 267,472 | ||||||
| Tube Investments of India Ltd. | 36,205 | 783,932 | ||||||
| TV18 Broadcast Ltd.(a) | 158,925 | 87,151 | ||||||
| TVS Motor Co. Ltd. | 65,260 | 596,134 | ||||||
| UTI Asset Management Co. Ltd. | 15,665 | 228,527 | ||||||
| Vaibhav Global Ltd. | 17,745 | 116,168 | ||||||
| Vakrangee Ltd. | 179,595 | 81,729 | ||||||
| Vardhman Textiles Ltd. | 8,840 | 239,013 | ||||||
| Varun Beverages Ltd. | 60,255 | 714,285 | ||||||
| V-Guard Industries Ltd. | 60,580 | 197,292 | ||||||
| Vinati Organics Ltd. | 10,595 | 265,829 | ||||||
| VIP Industries Ltd.(a) | 28,535 | 212,579 | ||||||
| V-Mart Retail Ltd.(a) | 5,005 | 262,472 | ||||||
| Vodafone Idea Ltd.(a) | 3,055,780 | 449,994 | ||||||
| Voltas Ltd. | 76,654 | 1,224,030 | ||||||
| Welspun India Ltd. | 104,195 | 191,191 | ||||||
| Whirlpool of India Ltd. | 11,310 | 307,279 | ||||||
| Wockhardt Ltd.(a) | 10,400 | 60,247 | ||||||
| Yes Bank Ltd., (Acquired 03/16/20, Cost: $336,376)(f) | 433,083 | 62,069 | ||||||
| Yes Bank Ltd.(a) | 100 | 16 | ||||||
| Zee Entertainment Enterprises Ltd. | 325,000 | 1,401,856 | ||||||
| Zensar Technologies Ltd. | 39,260 | 233,280 | ||||||
| 82,621,664 | ||||||||
| Indonesia — 2.0% | ||||||||
| Ace Hardware Indonesia Tbk PT | 2,665,000 | 242,602 | ||||||
| Agung Semesta Sejahtera Tbk PT(a) | 2,071,280 | 7,231 | ||||||
| AKR Corporindo Tbk PT | 734,600 | 203,390 | ||||||
| Astra Agro Lestari Tbk PT | 208,000 | 144,768 | ||||||
| Bank Aladin Syariah Tbk PT(a) | 1,807,000 | 353,262 | ||||||
| Bank BTPN Syariah Tbk PT | 819,000 | 203,957 | ||||||
| Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 1,027,200 | 97,538 | ||||||
| Bank Tabungan Negara Persero Tbk PT(a) | 1,768,000 | 210,627 | ||||||
| Berkah Beton Sadaya Tbk(a) | 910,000 | 252,239 | ||||||
| BFI Finance Indonesia Tbk PT | 2,840,500 | 193,366 | ||||||
| Bukit Asam Tbk PT | 1,176,500 | 213,870 | ||||||
| Bumi Serpong Damai Tbk PT(a) | 2,801,500 | 211,985 | ||||||
| Ciputra Development Tbk PT | 3,568,763 | 261,389 | ||||||
| Digital Mediatama Maxima Tbk(a) | 1,040,000 | 201,138 | ||||||
| Erajaya Swasembada Tbk PT | 2,808,000 | 121,554 | ||||||
| Hanson International Tbk PT(a)(d) | 25,794,200 | — | ||||||
| Indo Tambangraya Megah Tbk PT | 143,100 | 215,312 | ||||||
| Indosat Tbk PT(a) | 494,000 | 282,028 | ||||||
| Industri Jamu Dan Farmasi Sido Muncul Tbk PT | 2,878,557 | 183,898 | ||||||
| Inti Agri Resources Tbk PT(a)(d) | 12,327,500 | — | ||||||
| Japfa Comfeed Indonesia Tbk PT | 1,690,000 | 188,864 | ||||||
| Jasa Marga Persero Tbk PT(a) | 819,000 | 232,223 | ||||||
| Lippo Karawaci Tbk PT(a) | 6,909,500 | 71,399 | ||||||
| M Cash Integrasi PT(a) | 169,000 | 155,460 | ||||||
| Security | Shares | Value | ||||||
| Indonesia (continued) | ||||||||
| Medco Energi Internasional Tbk PT(a) | 3,224,112 | $ | 106,996 | |||||
| Media Nusantara Citra Tbk PT | 2,112,500 | 141,266 | ||||||
| Metro Healthcare Indonesia TBK PT(a) | 5,115,500 | 170,759 | ||||||
| Mitra Adiperkasa Tbk PT(a) | 3,763,500 | 194,449 | ||||||
| Pabrik Kertas Tjiwi Kimia Tbk PT | 474,500 | 253,791 | ||||||
| Pacific Strategic Financial Tbk PT(a) | 2,899,000 | 220,626 | ||||||
| Pakuwon Jati Tbk PT(a) | 6,357,000 | 218,038 | ||||||
| Panin Financial Tbk PT(a) | 7,235,000 | 89,917 | ||||||
| Pelayaran Tamarin Samudra Tbk PT(a) | 2,224,400 | 7,765 | ||||||
| Perusahaan Gas Negara Tbk PT(a) | 3,848,000 | 402,801 | ||||||
| Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 1,391,000 | 120,100 | ||||||
| PP Persero Tbk PT(a) | 1,339,125 | 105,427 | ||||||
| Smartfren Telecom Tbk PT(a) | 31,726,500 | 194,515 | ||||||
| Sugih Energy Tbk PT(a)(d) | 1,824,800 | 1 | ||||||
| Summarecon Agung Tbk PT(a) | 3,848,050 | 233,301 | ||||||
| Surya Citra Media Tbk PT(a) | 7,930,000 | 189,528 | ||||||
| Timah Tbk PT(a) | 936,000 | 103,063 | ||||||
| Transcoal Pacific Tbk PT(a) | 344,500 | 205,654 | ||||||
| Waskita Karya Persero Tbk PT(a) | 1,860,000 | 102,596 | ||||||
| Wijaya Karya Persero Tbk PT(a) | 1,300,048 | 104,972 | ||||||
| XL Axiata Tbk PT | 1,209,100 | 259,081 | ||||||
| 7,672,746 | ||||||||
| Kuwait — 0.8% | ||||||||
| Boubyan Petrochemicals Co. KSCP | 177,255 | 486,403 | ||||||
| Boursa Kuwait Securities Co. KPSC | 37,245 | 237,876 | ||||||
| Gulf Bank KSCP | 457,275 | 368,843 | ||||||
| Humansoft Holding Co. KSC | 37,765 | 399,498 | ||||||
| Kuwait International Bank KSCP(a) | 360,360 | 244,211 | ||||||
| National Industries Group Holding SAK(a) | 566,815 | 477,775 | ||||||
| National Real Estate Co. KPSC(a) | 268,425 | 190,507 | ||||||
| Qurain Petrochemical Industries Co. | 217,069 | 239,366 | ||||||
| Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC | 320,190 | 245,830 | ||||||
| Warba Bank KSCP(a) | 376,806 | 329,307 | ||||||
| 3,219,616 | ||||||||
| Malaysia — 3.0% | ||||||||
| AirAsia Group Bhd(a) | 500,500 | 105,156 | ||||||
| Alliance Bank Malaysia Bhd | 416,200 | 284,662 | ||||||
| ATA IMS Bhd(c) | 162,500 | 17,347 | ||||||
| Axis Real Estate Investment Trust | 546,000 | 255,401 | ||||||
| Berjaya Sports Toto Bhd | 383,600 | 172,149 | ||||||
| Bermaz Auto Bhd. | 461,600 | 163,311 | ||||||
| BIMB Holdings Bhd | 273,000 | 189,930 | ||||||
| British American Tobacco Malaysia Bhd | 58,644 | 192,997 | ||||||
| Bumi Armada Bhd(a) | 910,000 | 94,455 | ||||||
| Bursa Malaysia Bhd | 247,150 | 378,690 | ||||||
| Carlsberg Brewery Malaysia Bhd | 65,000 | 306,591 | ||||||
| D&O Green Technologies Bhd | 156,000 | 214,798 | ||||||
| DRB-Hicom Bhd(c) | 435,500 | 159,247 | ||||||
| Dufu Technology Corp. Bhd(c) | 117,000 | 114,794 | ||||||
| Frontken Corp. Bhd. | 405,950 | 362,335 | ||||||
| Gamuda Bhd(a) | 526,500 | 366,294 | ||||||
| Greatech Technology Bhd(a)(c) | 149,600 | 248,224 | ||||||
| Heineken Malaysia Bhd. | 39,300 | 197,270 | ||||||
| Hong Seng Consolidated BHD(a) | 513,500 | 387,731 | ||||||
| IGB REIT | 689,000 | 268,303 | ||||||
| IJM Corp. Bhd. | 1,033,500 | 431,162 | ||||||
| IOI Properties Group Bhd | 481,000 | 127,916 | ||||||
6
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Malaysia (continued) | ||||||||
| Kossan Rubber Industries Bhd | 533,000 | $ | 272,100 | |||||
| Lotte Chemical Titan Holding Bhd(b) | 169,000 | 85,287 | ||||||
| Magnum Bhd | 364,150 | 162,555 | ||||||
| Mah Sing Group Bhd(c) | 487,657 | 85,686 | ||||||
| Malaysia Building Society Bhd | 1,163,600 | 162,701 | ||||||
| Malaysian Pacific Industries Bhd | 32,500 | 389,288 | ||||||
| Malaysian Resources Corp. Bhd | 1,046,600 | 84,493 | ||||||
| My EG Services Bhd | 1,898,000 | 499,207 | ||||||
| Padini Holdings Bhd | 214,500 | 142,005 | ||||||
| Pentamaster Corp. Bhd | 214,550 | 290,811 | ||||||
| Sapura Energy Bhd(a) | 3,926,000 | 78,028 | ||||||
| Scientex Bhd | 332,300 | 355,064 | ||||||
| Serba Dinamik Holdings Bhd | 637,120 | 52,948 | ||||||
| Sime Darby Property Bhd | 1,164,000 | 175,505 | ||||||
| SKP Resources Bhd | 487,500 | 217,629 | ||||||
| SP Setia Bhd Group(a) | 656,600 | 199,195 | ||||||
| Sunway Bhd | 479,200 | 192,294 | ||||||
| Sunway Construction Group Bhd | 299,120 | 116,480 | ||||||
| Sunway REIT | 812,500 | 275,582 | ||||||
| Supermax Corp. Bhd | 663,000 | 295,961 | ||||||
| Syarikat Takaful Malaysia Keluarga Bhd | 194,744 | 168,244 | ||||||
| TIME dotCom Bhd | 468,000 | 503,393 | ||||||
| UMW Holdings Bhd | 136,600 | 99,900 | ||||||
| Unisem M Bhd | 147,400 | 146,743 | ||||||
| United Plantations BHD | 13,000 | 42,351 | ||||||
| UWC BHD | 130,000 | 182,126 | ||||||
| ViTrox Corp. Bhd | 84,600 | 412,742 | ||||||
| VS Industry Bhd | 1,157,250 | 395,780 | ||||||
| Yinson Holdings Bhd | 266,600 | 359,560 | ||||||
| YTL Corp. Bhd | 1,022,900 | 143,301 | ||||||
| 11,625,722 | ||||||||
| Mexico — 1.6% | ||||||||
| Alsea SAB de CV(a) | 195,100 | 333,833 | ||||||
| Axtel SAB de CV, CPO(a) | 331,500 | 63,850 | ||||||
| Banco del Bajio SA(b) | 260,000 | 436,880 | ||||||
| Bolsa Mexicana de Valores SAB de CV | 162,500 | 274,035 | ||||||
| Concentradora Fibra Danhos SA de CV(c) | 91,000 | 91,965 | ||||||
| Controladora Vuela Cia. de Aviacion SAB de CV, Class A(a) | 305,500 | 456,772 | ||||||
| Corp Inmobiliaria Vesta SAB de CV | 240,500 | 410,956 | ||||||
| GCC SAB de CV | 65,020 | 453,358 | ||||||
| Genomma Lab Internacional SAB de CV, Class B(a) | 292,600 | 244,942 | ||||||
| Gentera SAB de CV(a) | 383,500 | 194,768 | ||||||
| Grupo Aeroportuario del Centro Norte SAB de CV(a) | 108,308 | 614,920 | ||||||
| Grupo Comercial Chedraui SA de CV | 65,000 | 116,768 | ||||||
| Grupo Herdez SAB de CV(c) | 84,500 | 148,134 | ||||||
| Grupo Rotoplas SAB de CV | 76,267 | 94,682 | ||||||
| Grupo Traxion SAB de CV(a)(b)(c) | 84,500 | 128,627 | ||||||
| La Comer SAB de CV(c) | 169,000 | 270,810 | ||||||
| Macquarie Mexico Real Estate Management SA de CV(b) | 286,100 | 329,831 | ||||||
| Nemak SAB de CV(a)(b) | 386,796 | 105,527 | ||||||
| PLA Administradora Industrial S. de RL de CV(c) | 299,000 | 358,507 | ||||||
| Prologis Property Mexico SA de CV | 169,031 | 380,197 | ||||||
| Qualitas Controladora SAB de CV | 58,500 | 255,444 | ||||||
| Regional SAB de CV | 78,000 | 370,020 | ||||||
| 6,134,826 | ||||||||
| Peru — 0.1% | ||||||||
| Intercorp Financial Services Inc. | 12,545 | 363,805 | ||||||
| Security | Shares | Value | ||||||
| Philippines — 1.0% | ||||||||
| Alliance Global Group Inc. | 1,521,000 | $ | 341,869 | |||||
| Bloomberry Resorts Corp.(a) | 1,612,000 | 249,231 | ||||||
| Cebu Air Inc.(a) | 97,510 | 89,407 | ||||||
| Century Pacific Food Inc. | 351,000 | 188,050 | ||||||
| Cosco Capital Inc. | 1,625,000 | 163,838 | ||||||
| D&L Industries Inc. | 910,100 | 157,180 | ||||||
| DMCI Holdings Inc. | 2,431,000 | 392,743 | ||||||
| First Gen Corp. | 273,050 | 159,869 | ||||||
| LT Group Inc. | 1,118,000 | 235,205 | ||||||
| Manila Water Co. Inc. | 435,600 | 207,490 | ||||||
| Megaworld Corp. | 3,900,000 | 242,752 | ||||||
| Puregold Price Club Inc. | 260,000 | 211,829 | ||||||
| Robinsons Land Corp. | 721,500 | 260,116 | ||||||
| Robinsons Retail Holdings Inc. | 99,580 | 131,429 | ||||||
| Security Bank Corp. | 120,780 | 274,937 | ||||||
| Semirara Mining & Power Corp. | 344,500 | 156,233 | ||||||
| Vista Land & Lifescapes Inc. | 1,430,100 | 108,546 | ||||||
| Wilcon Depot Inc. | 624,100 | 395,133 | ||||||
| 3,965,857 | ||||||||
| Poland — 1.3% | ||||||||
| Alior Bank SA(a) | 36,530 | 511,889 | ||||||
| AmRest Holdings SE(a) | 29,250 | 201,786 | ||||||
| Asseco Poland SA | 23,270 | 498,059 | ||||||
| Bank Millennium SA(a)(c) | 239,330 | 482,353 | ||||||
| Budimex SA | 4,485 | 237,507 | ||||||
| CCC SA(a)(c) | 12,935 | 322,201 | ||||||
| Ciech SA | 13,000 | 132,937 | ||||||
| Enea SA(a) | 79,495 | 170,591 | ||||||
| Eurocash SA | 35,295 | 93,755 | ||||||
| Grupa Azoty SA(a) | 18,330 | 157,629 | ||||||
| Grupa Lotos SA(a) | 32,175 | 421,720 | ||||||
| Jastrzebska Spolka Weglowa SA(a)(c) | 18,720 | 187,121 | ||||||
| KRUK SA | 6,500 | 533,332 | ||||||
| LiveChat Software SA | 6,630 | 199,197 | ||||||
| Mercator Medical SA(a)(c) | 298 | 9,802 | ||||||
| Neuca SA(c) | 910 | 175,699 | ||||||
| Tauron Polska Energia SA(a) | 368,745 | 257,727 | ||||||
| TEN Square Games SA(c) | 1,755 | 149,723 | ||||||
| Warsaw Stock Exchange | 12,350 | 128,095 | ||||||
| 4,871,123 | ||||||||
| Qatar — 0.9% | ||||||||
| Aamal Co. | 721,110 | 203,750 | ||||||
| Al Meera Consumer Goods Co. QSC | 37,960 | 199,811 | ||||||
| Baladna | 404,170 | 164,574 | ||||||
| Doha Bank QPSC | 563,160 | 468,455 | ||||||
| Gulf International Services QSC(a) | 205,250 | 102,004 | ||||||
| Gulf Warehousing Co. | 131,300 | 170,813 | ||||||
| Medicare Group | 65,325 | 149,656 | ||||||
| Qatar Aluminum Manufacturing Co. | 984,555 | 486,021 | ||||||
| Qatar Insurance Co. SAQ(a) | 585,780 | 399,403 | ||||||
| Qatar National Cement Co. QSC | 100,685 | 140,376 | ||||||
| Qatar Navigation QSC | 218,595 | 445,942 | ||||||
| United Development Co. QSC | 607,280 | 252,325 | ||||||
| Vodafone Qatar QSC | 617,370 | 270,076 | ||||||
| 3,453,206 | ||||||||
| Russia — 0.8% | ||||||||
| Aeroflot PJSC(a) | 480,356 | 391,661 | ||||||
| Credit Bank of Moscow PJSC(a) | 4,602,000 | 415,770 | ||||||
| Detsky Mir PJSC(b) | 231,400 | 432,352 | ||||||
7
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Russia (continued) | ||||||||
| Federal Grid Co. Unified Energy System PJSC | 89,050,000 | $ | 200,986 | |||||
| LSR Group PJSC | 16,316 | 164,399 | ||||||
| Mosenergo PJSC | 4,900,000 | 140,800 | ||||||
| Rostelecom PJSC | 362,700 | 414,830 | ||||||
| Segezha Group PJSC(a)(b) | 1,625,000 | 232,662 | ||||||
| Sistema PJSFC, GDR(e) | 66,430 | 439,979 | ||||||
| Sovcomflot OAO | 161,850 | 175,416 | ||||||
| Unipro PJSC | 6,110,000 | 224,995 | ||||||
| 3,233,850 | ||||||||
| Saudi Arabia — 2.3% | ||||||||
| Al Hammadi Co. for Development and Investment | 27,235 | 283,123 | ||||||
| Al Jouf Agricultural Development Co. | 5,200 | 78,175 | ||||||
| Al Moammar Information Systems Co. | 4,745 | 187,190 | ||||||
| Al Rajhi Co. for Co-operative Insurance(a) | 7,670 | 170,099 | ||||||
| Aldrees Petroleum and Transport Services Co. | 15,600 | 272,364 | ||||||
| Alujain Holding | 9,750 | 149,422 | ||||||
| Arabian Cement Co./Saudi Arabia | 20,670 | 203,857 | ||||||
| Arriyadh Development Co. | 42,705 | 297,100 | ||||||
| Aseer Trading Tourism & Manufacturing Co.(a) | 17,030 | 80,801 | ||||||
| City Cement Co. | 33,670 | 203,011 | ||||||
| Dallah Healthcare Co. | 10,985 | 218,396 | ||||||
| Dur Hospitality Co.(a) | 18,850 | 155,760 | ||||||
| Eastern Province Cement Co. | 20,475 | 236,044 | ||||||
| Fawaz Abdulaziz Al Hokair & Co.(a) | 31,850 | 141,099 | ||||||
| Halwani Brothers Co. | 3,640 | 74,224 | ||||||
| Herfy Food Services Co. | 9,425 | 163,211 | ||||||
| Leejam Sports Co. JSC | 10,920 | 304,225 | ||||||
| Maharah Human Resources Co. | 10,400 | 209,134 | ||||||
| National Agriculture Development Co. (The)(a) | 22,295 | 179,175 | ||||||
| National Gas & Industrialization Co. | 15,600 | 232,286 | ||||||
| Qassim Cement Co. (The) | 18,525 | 360,960 | ||||||
| Saudi Airlines Catering Co.(a) | 5,395 | 115,925 | ||||||
| Saudi Arabia Refineries Co. | 2,340 | 79,995 | ||||||
| Saudi Ceramic Co. | 17,670 | 244,652 | ||||||
| Saudi Chemical Co. Holding | 22,555 | 190,940 | ||||||
| Saudi Fisheries Co.(a) | 7,345 | 94,509 | ||||||
| Saudi Ground Services Co.(a) | 36,790 | 303,020 | ||||||
| Saudi Industrial Services Co. | 11,375 | 88,687 | ||||||
| Saudi Pharmaceutical Industries & Medical Appliances Corp. | 25,155 | 250,200 | ||||||
| Saudi Public Transport Co.(a) | 24,700 | 130,229 | ||||||
| Saudi Real Estate Co.(a) | 42,250 | 234,472 | ||||||
| Saudi Research & Media Group(a) | 14,430 | 611,730 | ||||||
| Saudia Dairy & Foodstuff Co. | 7,670 | 332,680 | ||||||
| Seera Group Holding(a) | 59,475 | 288,862 | ||||||
| Southern Province Cement Co. | 26,065 | 458,548 | ||||||
| United Electronics Co. | 11,960 | 401,685 | ||||||
| United International Transportation Co. | 14,690 | 177,709 | ||||||
| Yamama Cement Co.(a) | 49,920 | 337,315 | ||||||
| Yanbu Cement Co. | 34,775 | 320,721 | ||||||
| 8,861,535 | ||||||||
| South Africa — 3.7% | ||||||||
| Adcock Ingram Holdings Ltd. | 23,595 | 65,818 | ||||||
| AECI Ltd. | 36,985 | 263,040 | ||||||
| Alexander Forbes Group Holdings Ltd. | 340,145 | 96,023 | ||||||
| Astral Foods Ltd. | 16,185 | 173,176 | ||||||
| AVI Ltd. | 113,295 | 574,789 | ||||||
| Barloworld Ltd. | 57,395 | 545,622 | ||||||
| Coronation Fund Managers Ltd. | 86,385 | 296,658 | ||||||
| Security | Shares | Value | ||||||
| South Africa (continued) | ||||||||
| Dis-Chem Pharmacies Ltd.(b)(c) | 111,540 | $ | 243,347 | |||||
| Distell Group Holdings Ltd.(a) | 54,665 | 553,038 | ||||||
| DRDGOLD Ltd. | 169,455 | 156,475 | ||||||
| Equites Property Fund Ltd. | 204,685 | 268,838 | ||||||
| Fortress REIT Ltd., Series A | 406,445 | 321,476 | ||||||
| Foschini Group Ltd. (The)(a) | 118,300 | 899,392 | ||||||
| Hyprop Investments Ltd. | 110,500 | 223,653 | ||||||
| Imperial Logistics Ltd. | 64,805 | 255,798 | ||||||
| Investec Ltd. | 96,915 | 492,039 | ||||||
| Investec Property Fund Ltd. | 237,315 | 175,319 | ||||||
| JSE Ltd. | 34,320 | 234,111 | ||||||
| KAP Industrial Holdings Ltd. | 1,032,720 | 275,955 | ||||||
| Liberty Holdings Ltd.(a) | 43,355 | 239,468 | ||||||
| Life Healthcare Group Holdings Ltd.(a) | 489,255 | 719,809 | ||||||
| Massmart Holdings Ltd.(a) | 37,245 | 142,657 | ||||||
| Momentum Metropolitan Holdings | 306,930 | 347,745 | ||||||
| Motus Holdings Ltd. | 55,900 | 373,253 | ||||||
| Netcare Ltd.(a) | 365,365 | 330,333 | ||||||
| Ninety One Ltd. | 58,240 | 192,974 | ||||||
| Oceana Group Ltd. | 25,700 | 95,335 | ||||||
| Pick n Pay Stores Ltd. | 129,025 | 431,327 | ||||||
| PSG Group Ltd. | 57,070 | 288,562 | ||||||
| Redefine Properties Ltd.(a) | 1,959,360 | 615,957 | ||||||
| Resilient REIT Ltd. | 101,335 | 355,963 | ||||||
| Reunert Ltd. | 69,875 | 213,074 | ||||||
| Royal Bafokeng Platinum Ltd. | 60,385 | 556,582 | ||||||
| Santam Ltd. | 12,870 | 207,911 | ||||||
| Sappi Ltd.(a) | 195,585 | 550,048 | ||||||
| Steinhoff International Holdings NV(a) | 1,452,880 | 207,359 | ||||||
| Super Group Ltd./South Africa | 147,745 | 304,686 | ||||||
| Telkom SA SOC Ltd.(a) | 112,450 | 369,908 | ||||||
| Thungela Resources Ltd.(a) | 45,565 | 213,515 | ||||||
| Transaction Capital Ltd. | 198,640 | 531,538 | ||||||
| Truworths International Ltd. | 149,630 | 467,753 | ||||||
| Vukile Property Fund Ltd. | 301,990 | 238,248 | ||||||
| Wilson Bayly Holmes-Ovcon Ltd. | 22,035 | 148,239 | ||||||
| 14,256,811 | ||||||||
| South Korea — 15.7% | ||||||||
| ABLBio Inc.(a) | 11,180 | 178,987 | ||||||
| Ace Technologies Corp.(a) | 10,530 | 116,907 | ||||||
| Aekyung Industrial Co. Ltd. | 5,460 | 85,031 | ||||||
| AfreecaTV Co. Ltd. | 2,795 | 477,476 | ||||||
| Ahnlab Inc. | 2,569 | 141,807 | ||||||
| Amicogen Inc.(a) | 5,785 | 136,077 | ||||||
| Ananti Inc.(a) | 21,060 | 172,532 | ||||||
| Anterogen Co. Ltd.(a) | 2,990 | 135,716 | ||||||
| AptaBio Therapeutics Inc.(a) | 5,360 | 147,230 | ||||||
| Asiana Airlines Inc.(a) | 11,115 | 168,350 | ||||||
| BGF Co. Ltd. | 16,900 | 69,679 | ||||||
| BH Co. Ltd. | 10,660 | 189,182 | ||||||
| Binex Co. Ltd.(a) | 9,750 | 126,773 | ||||||
| Bioneer Corp.(a) | 7,638 | 298,818 | ||||||
| BNC Korea Co. Ltd.(a) | 17,030 | 343,353 | ||||||
| BNK Financial Group Inc. | 108,420 | 729,413 | ||||||
| Boryung Pharmaceutical Co. Ltd. | 11,978 | 144,824 | ||||||
| Bukwang Pharmaceutical Co. Ltd. | 14,235 | 142,267 | ||||||
| Cafe24 Corp.(a) | 5,785 | 116,815 | ||||||
| Cellid Co. Ltd.(a) | 2,145 | 93,822 | ||||||
| Cellivery Therapeutics Inc.(a) | 4,750 | 164,016 | ||||||
| Chabiotech Co. Ltd.(a) | 16,398 | 241,443 | ||||||
8
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Chong Kun Dang Pharmaceutical Corp. | 2,535 | $ | 227,550 | |||||
| Chunbo Co. Ltd. | 1,625 | 473,782 | ||||||
| CJ CGV Co. Ltd.(a) | 9,178 | 172,956 | ||||||
| CMG Pharmaceutical Co. Ltd.(a) | 51,350 | 141,550 | ||||||
| Com2uSCorp.(c) | 3,250 | 423,918 | ||||||
| Cosmax Inc.(a) | 3,309 | 251,632 | ||||||
| CosmoAM&T Co. Ltd.(a) | 7,215 | 260,934 | ||||||
| COWELL FASHION Co. Ltd. | 25,675 | 158,733 | ||||||
| Creative & Innovative System(a) | 17,160 | 203,973 | ||||||
| CS Wind Corp. | 8,970 | 427,740 | ||||||
| Cuckoo Homesys Co. Ltd. | 3,322 | 106,104 | ||||||
| Daeduck Electronics Co. Ltd./New | 14,690 | 245,380 | ||||||
| Daejoo Electronic Materials Co. Ltd. | 4,615 | 473,564 | ||||||
| Daesang Corp. | 10,270 | 185,039 | ||||||
| Daewoo Engineering & Construction Co. Ltd.(a) | 67,604 | 306,068 | ||||||
| Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a) | 12,415 | 241,423 | ||||||
| Daewoong Co. Ltd. | 7,670 | 199,459 | ||||||
| Daewoong Pharmaceutical Co. Ltd. | 1,755 | 195,429 | ||||||
| Daishin Securities Co. Ltd. | 11,765 | 185,195 | ||||||
| Daou Technology Inc. | 10,733 | 194,533 | ||||||
| Dawonsys Co. Ltd. | 8,320 | 210,119 | ||||||
| DB HiTek Co. Ltd. | 13,278 | 743,669 | ||||||
| Dentium Co. Ltd. | 3,069 | 138,497 | ||||||
| Devsisters Co. Ltd.(a)(c) | 2,015 | 170,645 | ||||||
| DGB Financial Group Inc. | 66,431 | 500,041 | ||||||
| Digital Power Communications Co. Ltd. | 10,660 | 142,968 | ||||||
| DIO Corp.(a) | 5,670 | 149,705 | ||||||
| DL E&C Co. Ltd.(a) | 5,720 | 531,967 | ||||||
| DL Holdings Co. Ltd. | 4,225 | 198,650 | ||||||
| Dong-A Socio Holdings Co. Ltd. | 1,625 | 150,549 | ||||||
| Dong-A ST Co. Ltd. | 3,055 | 175,484 | ||||||
| Dongjin Semichem Co. Ltd. | 12,970 | 368,724 | ||||||
| DongKook Pharmaceutical Co. Ltd. | 10,884 | 179,435 | ||||||
| Dongkuk Steel Mill Co. Ltd. | 22,577 | 268,633 | ||||||
| Dongsuh Cos. Inc. | 11,528 | 307,787 | ||||||
| Dongwha Enterprise Co. Ltd.(a)(c) | 1,820 | 169,998 | ||||||
| Dongwon F&B Co. Ltd. | 735 | 112,274 | ||||||
| Doosan Co. Ltd.(c) | 2,275 | 207,054 | ||||||
| Doosan Fuel Cell Co. Ltd.(a) | 15,145 | 629,788 | ||||||
| DoubleUGames Co. Ltd. | 4,160 | 194,972 | ||||||
| Duk San Neolux Co. Ltd.(a) | 3,575 | 165,995 | ||||||
| Ecopro Co. Ltd. | 6,630 | 715,430 | ||||||
| Ecopro HN Co. Ltd.(a) | 3,835 | 267,093 | ||||||
| Enzychem Lifesciences Corp.(a)(c) | 2,405 | 109,174 | ||||||
| Eo Technics Co Ltd. | 3,575 | 306,860 | ||||||
| Eoflow Co. Ltd.(a) | 2,925 | 121,727 | ||||||
| Eubiologics Co. Ltd.(a) | 11,245 | 359,719 | ||||||
| Eugene Technology Co. Ltd. | 6,500 | 262,403 | ||||||
| Fila Holdings Corp. | 17,680 | 520,175 | ||||||
| Fine Semitech Corp. | 4,940 | 90,477 | ||||||
| Foosung Co. Ltd.(a) | 23,090 | 465,697 | ||||||
| GC Cell Corp. | 3,636 | 286,634 | ||||||
| GemVax & Kael Co. Ltd.(a) | 12,870 | 170,890 | ||||||
| Geneone Life Science Inc.(a) | 17,008 | 422,372 | ||||||
| Genexine Inc.(a) | 6,695 | 321,282 | ||||||
| GOLFZON Co. Ltd. | 1,105 | 154,601 | ||||||
| Grand Korea Leisure Co. Ltd.(a) | 11,505 | 113,244 | ||||||
| Green Cross Holdings Corp. | 7,738 | 159,390 | ||||||
| GS Retail Co. Ltd. | 14,625 | 347,063 | ||||||
| Hana Materials Inc. | 3,185 | 160,443 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Hana Tour Service Inc.(a) | 3,380 | $ | 188,732 | |||||
| Hanall Biopharma Co. Ltd.(a) | 12,545 | 201,320 | ||||||
| Handsome Co. Ltd. | 6,372 | 187,823 | ||||||
| Hanil Cement Co. Ltd./New | 13,520 | 217,459 | ||||||
| Hanjin Heavy Industries & Construction Co. Ltd.(a) | 13,000 | 82,057 | ||||||
| Hanjin Transportation Co. Ltd. | 3,278 | 76,955 | ||||||
| Hankook & Co. Co. Ltd. | 9,648 | 123,219 | ||||||
| Hanmi Semiconductor Co. Ltd. | 7,540 | 206,044 | ||||||
| Hansae Co. Ltd. | 5,850 | 97,919 | ||||||
| Hansol Chemical Co. Ltd. | 3,380 | 852,730 | ||||||
| Hanssem Co. Ltd. | 3,835 | 277,468 | ||||||
| Hanwha Aerospace Co. Ltd. | 12,900 | 441,511 | ||||||
| Hanwha Corp. | 12,545 | 314,754 | ||||||
| Hanwha Investment & Securities Co. Ltd.(a) | 36,530 | 159,373 | ||||||
| Hanwha Life Insurance Co. Ltd. | 110,890 | 258,559 | ||||||
| Hanwha Systems Co. Ltd. | 16,315 | 193,535 | ||||||
| HDC Holdings Co. Ltd. | 14,892 | 121,152 | ||||||
| HDC Hyundai Development Co-Engineering & Construction, Class E | 15,015 | 262,475 | ||||||
| Helixmith Co. Ltd.(a) | 12,350 | 255,793 | ||||||
| Hite Jinro Co. Ltd. | 12,285 | 300,074 | ||||||
| HLB Life Science Co. Ltd.(a) | 31,668 | 320,259 | ||||||
| Huchems Fine Chemical Corp. | 7,957 | 144,029 | ||||||
| Hugel Inc.(a) | 2,600 | 310,265 | ||||||
| Huons Global Co. Ltd. | 2,015 | 65,606 | ||||||
| Hwaseung Enterprise Co. Ltd. | 9,555 | 120,800 | ||||||
| Hyosung Advanced Materials Corp.(a) | 988 | 497,139 | ||||||
| Hyosung Chemical Corp.(a) | 715 | 147,661 | ||||||
| Hyosung Corp. | 3,261 | 248,243 | ||||||
| Hyosung Heavy Industries Corp.(a) | 1,820 | 91,657 | ||||||
| Hyosung TNC Corp. | 910 | 384,194 | ||||||
| Hyundai Autoever Corp. | 2,405 | 226,079 | ||||||
| Hyundai Bioscience Co. Ltd.(a) | 13,390 | 348,305 | ||||||
| Hyundai Construction Equipment Co. Ltd.(a) | 5,072 | 153,429 | ||||||
| Hyundai Department Store Co. Ltd. | 5,693 | 321,467 | ||||||
| Hyundai Doosan Infracore Co. Ltd.(a)(c) | 17,420 | 108,860 | ||||||
| Hyundai Electric & Energy System Co. Ltd.(a) | 8,106 | 148,514 | ||||||
| Hyundai Elevator Co. Ltd. | 10,075 | 332,895 | ||||||
| Hyundai Home Shopping Network Corp. | 1,950 | 100,466 | ||||||
| Hyundai Marine & Fire Insurance Co. Ltd. | 17,095 | 330,578 | ||||||
| Hyundai Mipo Dockyard Co. Ltd.(a) | 8,624 | 499,889 | ||||||
| Hyundai Rotem Co. Ltd.(a) | 27,040 | 428,366 | ||||||
| Hyundai Wia Corp. | 5,889 | 354,335 | ||||||
| Iljin Diamond Co. Ltd. | 3,122 | 79,446 | ||||||
| Ilyang Pharmaceutical Co. Ltd. | 5,330 | 120,513 | ||||||
| Innocean Worldwide Inc. | 3,724 | 161,613 | ||||||
| iNtRON Biotechnology Inc.(a) | 10,050 | 195,543 | ||||||
| IS Dongseo Co. Ltd. | 5,980 | 203,418 | ||||||
| ITM Semiconductor Co. Ltd. | 3,120 | 106,211 | ||||||
| JB Financial Group Co. Ltd. | 46,103 | 311,342 | ||||||
| Jeil Pharmaceutical Co. Ltd. | 2,210 | 56,277 | ||||||
| Jeju Air Co. Ltd.(a) | 6,175 | 81,918 | ||||||
| Jin Air Co. Ltd.(a) | 10,029 | 136,353 | ||||||
| Jusung Engineering Co. Ltd.(a) | 12,805 | 172,973 | ||||||
| JW Pharmaceutical Corp. | 6,905 | 123,095 | ||||||
| JYP Entertainment Corp. | 9,702 | 369,446 | ||||||
| KCC Corp. | 1,755 | 405,801 | ||||||
| KCC Glass Corp. | 3,250 | 144,408 | ||||||
| KEPCO Engineering & Construction Co. Inc. | 5,005 | 352,507 | ||||||
| KEPCO Plant Service & Engineering Co. Ltd. | 8,450 | 275,135 | ||||||
9
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| KG Dongbu Steel Co. Ltd. | 6,630 | $ | 53,318 | |||||
| KIWOOM Securities Co. Ltd. | 5,200 | 426,020 | ||||||
| KMW Co. Ltd.(a) | 9,035 | 276,468 | ||||||
| Koh Young Technology Inc. | 19,992 | 330,675 | ||||||
| Kolmar BNH Co. Ltd. | 4,420 | 108,998 | ||||||
| Kolmar Korea Co. Ltd. | 6,890 | 214,144 | ||||||
| Kolon Industries Inc. | 6,890 | 409,426 | ||||||
| KoMiCo Ltd. | 1,885 | 105,265 | ||||||
| Komipharm International Co. Ltd.(a) | 16,640 | 114,248 | ||||||
| KONA I Co. Ltd.(a) | 4,810 | 101,273 | ||||||
| Korea Electric Terminal Co. Ltd. | 2,449 | 133,311 | ||||||
| Korea Line Corp.(a) | 64,852 | 123,794 | ||||||
| Korea Petrochemical Ind. Co Ltd. | 1,235 | 177,198 | ||||||
| Korea REIT & Trust Co. Ltd. | 102,635 | 220,892 | ||||||
| Korea United Pharm Inc. | 3,705 | 151,969 | ||||||
| Korean Reinsurance Co. | 34,811 | 272,229 | ||||||
| Kuk-Il Paper Manufacturing Co. Ltd.(a)(c) | 36,610 | 116,093 | ||||||
| Kumho Tire Co. Inc.(a) | 30,225 | 100,560 | ||||||
| Kyung Dong Navien Co. Ltd. | 3,513 | 154,635 | ||||||
| L&C Bio Co. Ltd. | 5,330 | 139,991 | ||||||
| LEENO Industrial Inc. | 3,770 | 628,082 | ||||||
| LegoChem Biosciences Inc.(a)(c) | 7,280 | 298,299 | ||||||
| LIG Nex1 Co. Ltd. | 4,854 | 218,892 | ||||||
| LOTTE Fine Chemical Co. Ltd. | 7,374 | 484,154 | ||||||
| LOTTE Reit Co. Ltd. | 45,890 | 210,234 | ||||||
| Lotte Rental Co. Ltd.(a) | 5,590 | 172,232 | ||||||
| Lotte Tour Development Co. Ltd.(a) | 13,585 | 182,044 | ||||||
| LS Corp. | 6,665 | 276,200 | ||||||
| LS Electric Co. Ltd. | 6,435 | 283,801 | ||||||
| Lx Hausys Ltd. | 2,730 | 128,882 | ||||||
| Lx International Corp. | 11,050 | 215,006 | ||||||
| LX Semicon Co. Ltd. | 4,420 | 397,779 | ||||||
| Maeil Dairies Co. Ltd. | 1,235 | 70,753 | ||||||
| Mando Corp.(a) | 11,898 | 546,966 | ||||||
| Mcnex Co. Ltd. | 4,961 | 188,397 | ||||||
| MedPacto Inc.(a)(c) | 4,745 | 187,694 | ||||||
| Medy-Tox Inc.(a) | 1,769 | 194,603 | ||||||
| MegaStudyEdu Co. Ltd. | 3,055 | 192,524 | ||||||
| Meritz Financial Group Inc. | 15,488 | 448,113 | ||||||
| Meritz Fire & Marine Insurance Co. Ltd. | 19,240 | 504,880 | ||||||
| Mezzion Pharma Co. Ltd.(a) | 2,600 | 402,547 | ||||||
| Myoung Shin Industrial Co. Ltd.(a) | 7,020 | 156,581 | ||||||
| Namhae Chemical Corp. | 18,265 | 153,212 | ||||||
| Naturecell Co. Ltd.(a) | 18,135 | 270,135 | ||||||
| NEPES Corp.(a) | 7,412 | 194,313 | ||||||
| Neptune Co.(a) | 4,940 | 110,920 | ||||||
| Next Science Co. Ltd.(a) | 16,705 | 273,518 | ||||||
| NEXTIN Inc.(a) | 1,950 | 74,470 | ||||||
| NHN Corp.(a) | 4,225 | 320,986 | ||||||
| NHN KCP Corp.(a) | 8,580 | 239,834 | ||||||
| NICE Information Service Co. Ltd. | 13,881 | 200,812 | ||||||
| NKMax Co. Ltd.(a)(c) | 12,612 | 203,148 | ||||||
| NongShim Co. Ltd. | 1,300 | 299,255 | ||||||
| OCI Co. Ltd.(a) | 6,890 | 634,835 | ||||||
| OliX Pharmaceuticals Inc.(a) | 3,705 | 114,518 | ||||||
| Orion Holdings Corp. | 7,670 | 94,715 | ||||||
| Oscotec Inc.(a)(c) | 8,515 | 191,494 | ||||||
| Osstem Implant Co. Ltd. | 4,032 | 379,134 | ||||||
| Ottogi Corp. | 260 | 95,288 | ||||||
| Paradise Co. Ltd.(a) | 18,070 | 208,049 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Park Systems Corp. | 1,690 | $ | 205,764 | |||||
| Partron Co. Ltd. | 14,365 | 133,379 | ||||||
| People & Technology Inc. | 5,850 | 235,399 | ||||||
| PharmaResearch Co. Ltd. | 1,820 | 117,913 | ||||||
| Pharmicell Co. Ltd.(a) | 20,670 | 226,721 | ||||||
| PI Advanced Materials Co. Ltd. | 6,083 | 236,346 | ||||||
| Poongsan Corp. | 7,170 | 172,467 | ||||||
| Posco ICT Co. Ltd. | 23,420 | 112,714 | ||||||
| Posco International Corp. | 19,370 | 304,770 | ||||||
| PSK Inc. | 3,510 | 129,702 | ||||||
| RFHIC Corp. | 6,713 | 186,234 | ||||||
| S&S Tech Corp. | 6,175 | 163,633 | ||||||
| Sam Chun Dang Pharm Co. Ltd.(a) | 5,200 | 183,773 | ||||||
| Sam Kang M&T Co. Ltd.(a)(c) | 9,555 | 167,958 | ||||||
| Samwha Capacitor Co. Ltd. | 3,903 | 173,926 | ||||||
| Samyang Holdings Corp. | 1,365 | 104,232 | ||||||
| Sang-A Frontec Co. Ltd.(c) | 3,510 | 167,269 | ||||||
| Seah Besteel Corp. | 4,615 | 70,905 | ||||||
| Sebang Global Battery Co. Ltd. | 2,131 | 133,712 | ||||||
| Seojin System Co. Ltd.(a) | 5,070 | 167,954 | ||||||
| Seoul Semiconductor Co. Ltd.(c) | 16,350 | 186,859 | ||||||
| SFA Engineering Corp. | 7,605 | 215,003 | ||||||
| SFA Semicon Co. Ltd.(a) | 28,860 | 148,921 | ||||||
| Shinsegae Inc. | 2,535 | 464,149 | ||||||
| Shinsegae International Inc. | 1,105 | 129,383 | ||||||
| SillaJen Inc.(a)(d) | 19,774 | 130,922 | ||||||
| SIMMTECH Co. Ltd. | 7,930 | 267,379 | ||||||
| SK Discovery Co. Ltd. | 3,575 | 132,618 | ||||||
| SK Networks Co. Ltd. | 47,125 | 190,183 | ||||||
| SL Corp. | 5,827 | 152,062 | ||||||
| SM Entertainment Co. Ltd.(a)(c) | 7,360 | 416,473 | ||||||
| SNT Motiv Co. Ltd. | 3,584 | 125,439 | ||||||
| SOLUM Co. Ltd.(a) | 10,985 | 213,139 | ||||||
| Solus Advanced Materials Co Ltd | 4,225 | 348,173 | ||||||
| Soulbrain Co. Ltd./New | 1,609 | 347,042 | ||||||
| Soulbrain Holdings Co. Ltd.(a) | 2,535 | 74,979 | ||||||
| ST Pharm Co. Ltd.(a) | 3,380 | 357,240 | ||||||
| Taekwang Industrial Co. Ltd. | 130 | 100,453 | ||||||
| Taihan Electric Wire Co. Ltd.(a) | 106,795 | 162,006 | ||||||
| TES Co. Ltd./Korea | 5,720 | 123,029 | ||||||
| Tesna Inc. | 4,550 | 162,887 | ||||||
| Tokai Carbon Korea Co. Ltd. | 1,820 | 221,275 | ||||||
| Tongyang Life Insurance Co. Ltd. | 28,497 | 159,462 | ||||||
| TY Holdings Co. Ltd./Korea(a)(c) | 9,035 | 175,073 | ||||||
| Unid Co. Ltd. | 1,885 | 157,097 | ||||||
| UniTest Inc.(a) | 6,955 | 174,893 | ||||||
| Vaxcell-Bio Therapeutics Co. Ltd.(a) | 3,055 | 134,922 | ||||||
| Vidente Co. Ltd.(a) | 12,740 | 330,414 | ||||||
| Webzen Inc.(a) | 6,048 | 123,631 | ||||||
| Wemade Co. Ltd.(c) | 7,345 | 1,215,200 | ||||||
| WONIK IPS Co. Ltd. | 11,311 | 370,355 | ||||||
| Wonik QnC Corp.(a) | 6,370 | 143,868 | ||||||
| Woori Technology Investment Co. Ltd.(a)(c) | 18,460 | 147,814 | ||||||
| Wysiwyg Studious Co. Ltd.(a) | 7,995 | 331,134 | ||||||
| Y2 Solution Co. Ltd.(a)(d) | 8,823 | 11,780 | ||||||
| YG Entertainment Inc.(a) | 4,302 | 200,865 | ||||||
| Youngone Corp. | 8,786 | 286,584 | ||||||
| Yungjin Pharmaceutical Co. Ltd.(a) | 37,141 | 127,350 | ||||||
| Zinus Inc.(c) | 3,965 | 263,480 | ||||||
| 60,961,208 | ||||||||
10
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan — 22.1% | ||||||||
| AcBel Polytech Inc. | 260,000 | $ | 325,832 | |||||
| ADATA Technology Co. Ltd. | 65,000 | 201,801 | ||||||
| Adimmune Corp. | 50,000 | 80,922 | ||||||
| Advanced Ceramic X Corp. | 13,000 | 166,788 | ||||||
| Advanced Wireless Semiconductor Co. | 65,596 | 344,878 | ||||||
| Alchip Technologies Ltd. | 28,000 | 1,028,561 | ||||||
| AmTRAN Technology Co. Ltd. | 305,471 | 200,575 | ||||||
| AP Memory Technology Corp. | 20,000 | 362,992 | ||||||
| Arcadyan Technology Corp. | 65,541 | 259,186 | ||||||
| Ardentec Corp. | 195,000 | 387,786 | ||||||
| Asia Optical Co. Inc. | 130,000 | 460,612 | ||||||
| Asia Pacific Telecom Co. Ltd.(a) | 715,910 | 210,390 | ||||||
| Asia Vital Components Co. Ltd. | 130,000 | 410,152 | ||||||
| ASPEED Technology Inc. | 8,000 | 964,806 | ||||||
| BES Engineering Corp. | 520,000 | 163,460 | ||||||
| Bizlink Holding Inc. | 65,770 | 608,922 | ||||||
| Brighton-Best International Taiwan Inc. | 195,000 | 240,585 | ||||||
| Capital Securities Corp. | 715,530 | 413,530 | ||||||
| Career Technology MFG.Co.Ltd. | 195,369 | 170,047 | ||||||
| Cathay Real Estate Development Co. Ltd. | 195,300 | 138,162 | ||||||
| Center Laboratories Inc. | 144,319 | 324,687 | ||||||
| Century Iron & Steel Industrial Co. Ltd. | 65,000 | 260,987 | ||||||
| Chang Wah Electromaterials Inc. | 130,000 | 159,251 | ||||||
| Chang Wah Technology Co. Ltd. | 65,000 | 231,625 | ||||||
| Charoen Pokphand Enterprise | 65,000 | 188,584 | ||||||
| Cheng Loong Corp. | 260,000 | 316,972 | ||||||
| Cheng Uei Precision Industry Co. Ltd. | 130,000 | 179,095 | ||||||
| Chicony Electronics Co. Ltd. | 195,000 | 556,142 | ||||||
| Chicony Power Technology Co. Ltd. | 65,000 | 173,823 | ||||||
| Chilisin Electronics Corp. | 65,459 | 212,232 | ||||||
| China Airlines Ltd.(a) | 910,000 | 842,772 | ||||||
| China General Plastics Corp. | 136,700 | 165,337 | ||||||
| China Man-Made Fiber Corp. | 541,031 | 196,658 | ||||||
| China Motor Corp. | 130,200 | 306,841 | ||||||
| China Petrochemical Development Corp.(a) | 1,170,600 | 530,539 | ||||||
| China Steel Chemical Corp. | 65,000 | 267,290 | ||||||
| Chin-Poon Industrial Co. Ltd. | 130,000 | 170,941 | ||||||
| Chipbond Technology Corp. | 260,000 | 626,225 | ||||||
| ChipMOS Technologies Inc. | 260,000 | 429,149 | ||||||
| Chong Hong Construction Co. Ltd. | 65,424 | 174,018 | ||||||
| Chroma ATE Inc. | 130,000 | 865,682 | ||||||
| Chung Hung Steel Corp. | 325,000 | 406,471 | ||||||
| Chung Hwa Pulp Corp.(a) | 130,000 | 111,556 | ||||||
| Chung-Hsin Electric & Machinery Manufacturing Corp. | 130,000 | 208,935 | ||||||
| Cleanaway Co. Ltd. | 29,000 | 255,274 | ||||||
| Clevo Co. | 195,000 | 218,808 | ||||||
| CMC Magnetics Corp. | 5,238 | 1,621 | ||||||
| Compeq Manufacturing Co. Ltd. | 390,000 | 579,722 | ||||||
| Coretronic Corp. | 130,400 | 370,942 | ||||||
| Co-Tech Development Corp. | 65,000 | 179,096 | ||||||
| CSBC Corp. Taiwan(a) | 195,548 | 156,481 | ||||||
| CTCI Corp. | 195,000 | 250,733 | ||||||
| Cub Elecparts Inc. | 17,361 | 111,099 | ||||||
| Darfon Electronics Corp. | 130,000 | 216,433 | ||||||
| Dynapack International Technology Corp. | 65,000 | 241,099 | ||||||
| E Ink Holdings Inc. | 325,000 | 1,470,640 | ||||||
| EirGenix Inc.(a) | 48,000 | 190,760 | ||||||
| Elan Microelectronics Corp. | 130,000 | 754,240 | ||||||
| Elite Material Co. Ltd. | 130,000 | 1,307,957 | ||||||
| Elite Semiconductor Microelectronics Technology Inc. | 65,000 | 373,832 | ||||||
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| ENNOSTAR Inc.(a) | 260,184 | $ | 721,279 | |||||
| Episil Holdings Inc.(a) | 65,963 | 354,815 | ||||||
| Eternal Materials Co. Ltd. | 325,399 | 421,303 | ||||||
| Eva Airways Corp.(a) | 845,000 | 758,059 | ||||||
| Evergreen International Storage & Transport Corp. | 195,000 | 204,167 | ||||||
| Everlight Electronics Co. Ltd. | 130,000 | 238,770 | ||||||
| Far Eastern Department Stores Ltd. | 455,000 | 344,162 | ||||||
| Far Eastern International Bank | 994,319 | 374,738 | ||||||
| Faraday Technology Corp. | 65,000 | 430,238 | ||||||
| Farglory Land Development Co. Ltd. | 65,000 | 150,628 | ||||||
| Feng Hsin Steel Co. Ltd. | 195,000 | 544,485 | ||||||
| Firich Enterprises Co. Ltd. | 3,000 | 3,134 | ||||||
| First Copper Technology Co. Ltd. | 65,000 | 100,518 | ||||||
| Fitipower Integrated Technology Inc. | 54,512 | 486,449 | ||||||
| FLEXium Interconnect Inc. | 130,418 | 481,063 | ||||||
| FocalTech Systems Co. Ltd. | 65,000 | 386,130 | ||||||
| Formosa Sumco Technology Corp. | 25,000 | 223,094 | ||||||
| Formosa Taffeta Co. Ltd. | 325,000 | 336,864 | ||||||
| Foxsemicon Integrated Technology Inc. | 18,200 | 145,585 | ||||||
| Fulgent Sun International Holding Co. Ltd. | 65,330 | 230,070 | ||||||
| Fusheng Precision Co. Ltd. | 54,000 | 391,617 | ||||||
| General Interface Solution Holding Ltd. | 65,000 | 231,980 | ||||||
| Genius Electronic Optical Co. Ltd. | 21,585 | 422,424 | ||||||
| Getac Holdings Corp. | 195,000 | 376,764 | ||||||
| Gigabyte Technology Co. Ltd. | 204,000 | 996,672 | ||||||
| Global Unichip Corp. | 24,000 | 505,224 | ||||||
| Gold Circuit Electronics Ltd. | 130,000 | 335,600 | ||||||
| Goldsun Building Materials Co. Ltd. | 390,426 | 371,432 | ||||||
| Gourmet Master Co. Ltd. | 49,821 | 211,665 | ||||||
| Grand Pacific Petrochemical | 325,000 | 333,052 | ||||||
| Grape King Bio Ltd. | 65,000 | 375,137 | ||||||
| Great Wall Enterprise Co. Ltd. | 260,842 | 486,673 | ||||||
| Greatek Electronics Inc. | 130,000 | 359,507 | ||||||
| Hannstar Board Corp. | 130,481 | 208,682 | ||||||
| HannStar Display Corp. | 845,320 | 462,505 | ||||||
| Highwealth Construction Corp. | 260,000 | 432,013 | ||||||
| Holtek Semiconductor Inc. | 65,000 | 245,613 | ||||||
| Holy Stone Enterprise Co. Ltd. | 65,050 | 282,471 | ||||||
| Hota Industrial Manufacturing Co. Ltd. | 65,773 | 217,114 | ||||||
| Hotai Finance Co. Ltd. | 65,000 | 210,633 | ||||||
| Hsin Kuang Steel Co. Ltd. | 65,000 | 133,287 | ||||||
| HTC Corp.(a) | 260,000 | 722,890 | ||||||
| Huaku Development Co. Ltd. | 130,080 | 428,940 | ||||||
| IBF Financial Holdings Co. Ltd. | 942,478 | 541,309 | ||||||
| International CSRC Investment Holdings Co. | 325,945 | 298,820 | ||||||
| International Games System Co. Ltd. | 19,000 | 532,174 | ||||||
| ITE Technology Inc. | 65,000 | 242,545 | ||||||
| ITEQ Corp. | 65,559 | 298,111 | ||||||
| Jentech Precision Industrial Co. Ltd. | 24,000 | 377,240 | ||||||
| Jih Sun Financial Holdings Co. Ltd. | 396,436 | 176,799 | ||||||
| Johnson Health Tech Co. Ltd. | 65,000 | 139,681 | ||||||
| Kenda Rubber Industrial Co.Ltd. | 260,675 | 275,977 | ||||||
| Kindom Development Co. Ltd. | 143,400 | 198,019 | ||||||
| King Slide Works Co. Ltd. | 14,000 | 242,393 | ||||||
| King Yuan Electronics Co. Ltd. | 390,000 | 606,957 | ||||||
| King's Town Bank Co. Ltd. | 325,000 | 469,363 | ||||||
| Kinpo Electronics | 520,000 | 257,036 | ||||||
| Kinsus Interconnect Technology Corp. | 130,000 | 1,119,790 | ||||||
| KMC Kuei Meng International Inc. | 27,000 | 193,713 | ||||||
| LandMark Optoelectronics Corp. | 21,400 | 155,966 | ||||||
11
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Lealea Enterprise Co. Ltd.(a) | 5,000 | $ | 1,940 | |||||
| Lien Hwa Industrial Holdings Corp. | 325,525 | 671,483 | ||||||
| Longchen Paper & Packaging Co. Ltd. | 260,357 | 224,446 | ||||||
| Lotes Co. Ltd. | 22,392 | 551,975 | ||||||
| Lotus Pharmaceutical Co. Ltd. | 65,000 | 260,432 | ||||||
| Lung Yen Life Service Corp. | 130,000 | 205,333 | ||||||
| Macronix International Co. Ltd. | 650,000 | 985,502 | ||||||
| Makalot Industrial Co. Ltd. | 50,391 | 420,524 | ||||||
| Medigen Vaccine Biologics Corp.(a) | 44,000 | 381,377 | ||||||
| Mercuries & Associates Holding Ltd. | 130,579 | 110,069 | ||||||
| Mercuries Life Insurance Co. Ltd.(a) | 479,651 | 159,994 | ||||||
| Merida Industry Co. Ltd. | 65,000 | 698,047 | ||||||
| Merry Electronics Co. Ltd. | 66,616 | 218,784 | ||||||
| Microbio Co. Ltd.(a) | 142,766 | 333,751 | ||||||
| Mitac Holdings Corp. | 455,383 | 523,957 | ||||||
| Nan Kang Rubber Tire Co. Ltd. | 195,000 | 270,596 | ||||||
| Nantex Industry Co. Ltd. | 130,000 | 394,821 | ||||||
| Nuvoton Technology Corp. | 65,000 | 361,198 | ||||||
| OBI Pharma Inc.(a) | 65,184 | 251,544 | ||||||
| Oriental Union Chemical Corp.(a) | 260,000 | 210,796 | ||||||
| Pan Jit International Inc. | 130,000 | 513,539 | ||||||
| Pan-International Industrial Corp. | 130,722 | 181,632 | ||||||
| PChome Online Inc. | 67,305 | 327,998 | ||||||
| Pharmally International Holding Co. Ltd.(d) | 21,603 | — | ||||||
| Phison Electronics Corp. | 65,000 | 963,153 | ||||||
| Pixart Imaging Inc. | 65,635 | 361,566 | ||||||
| Powertech Technology Inc. | 195,000 | 695,013 | ||||||
| Poya International Co. Ltd. | 17,976 | 314,852 | ||||||
| President Securities Corp. | 338,623 | 286,373 | ||||||
| Primax Electronics Ltd. | 130,000 | 245,659 | ||||||
| Prince Housing & Development Corp. | 520,917 | 246,489 | ||||||
| Qisda Corp. | 650,000 | 685,857 | ||||||
| Radiant Opto-Electronics Corp. | 195,000 | 672,299 | ||||||
| RDC Semiconductor Co. Ltd.(a) | 4,000 | 72,203 | ||||||
| Rexon Industrial Corp. Ltd. | 65,000 | 149,003 | ||||||
| RichWave Technology Corp. | 21,000 | 206,782 | ||||||
| Ritek Corp.(a) | 20,000 | 6,377 | ||||||
| Ruentex Industries Ltd. | 169,000 | 603,272 | ||||||
| Run Long Construction Co. Ltd. | 137,800 | 290,691 | ||||||
| Sanyang Motor Co. Ltd. | 195,820 | 182,480 | ||||||
| ScinoPharm Taiwan Ltd. | 130,708 | 111,883 | ||||||
| SDI Corp. | 65,000 | 379,893 | ||||||
| Sercomm Corp. | 65,000 | 153,352 | ||||||
| Shin Zu Shing Co. Ltd. | 65,856 | 222,508 | ||||||
| Shinkong Synthetic Fibers Corp. | 455,135 | 315,578 | ||||||
| Sigurd Microelectronics Corp. | 195,124 | 413,834 | ||||||
| Simplo Technology Co. Ltd. | 65,600 | 772,544 | ||||||
| Sinbon Electronics Co. Ltd. | 65,000 | 595,657 | ||||||
| Sincere Navigation Corp. | 130,000 | 134,956 | ||||||
| Sino-American Silicon Products Inc. | 195,000 | 1,447,308 | ||||||
| Sinyi Realty Inc. | 130,778 | 152,614 | ||||||
| Sitronix Technology Corp. | 57,000 | 574,602 | ||||||
| Solar Applied Materials Technology Corp. | 130,943 | 230,513 | ||||||
| Sonix Technology Co. Ltd. | 65,000 | 215,260 | ||||||
| Standard Foods Corp. | 195,000 | 356,808 | ||||||
| Sunny Friend Environmental Technology Co. Ltd. | 20,000 | 142,850 | ||||||
| Sunplus Technology Co. Ltd. | 195,000 | 288,903 | ||||||
| Supreme Electronics Co. Ltd. | 213,705 | 343,697 | ||||||
| Systex Corp. | 65,000 | 199,658 | ||||||
| TA Chen Stainless Pipe | 530,235 | 873,163 | ||||||
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Taichung Commercial Bank Co. Ltd. | 1,089,243 | $ | 465,245 | |||||
| TaiMed Biologics Inc.(a) | 65,000 | 161,592 | ||||||
| Tainan Spinning Co. Ltd. | 390,190 | 317,431 | ||||||
| Taita Chemical Co. Ltd. | 71,700 | 86,467 | ||||||
| Taiwan Business Bank | 2,016,340 | 695,324 | ||||||
| Taiwan Cogeneration Corp. | 195,000 | 267,436 | ||||||
| Taiwan Fertilizer Co. Ltd. | 325,000 | 795,100 | ||||||
| Taiwan Glass Industry Corp. | 390,000 | 370,904 | ||||||
| Taiwan Hon Chuan Enterprise Co. Ltd. | 130,004 | 312,458 | ||||||
| Taiwan Mask Corp. | 65,000 | 235,307 | ||||||
| Taiwan Paiho Ltd. | 130,050 | 363,057 | ||||||
| Taiwan Secom Co. Ltd. | 130,450 | 489,732 | ||||||
| Taiwan Semiconductor Co. Ltd. | 65,000 | 178,747 | ||||||
| Taiwan Shin Kong Security Co. Ltd. | 195,366 | 278,938 | ||||||
| Taiwan Styrene Monomer | 15,000 | 9,112 | ||||||
| Taiwan Surface Mounting Technology Corp. | 65,000 | 272,681 | ||||||
| Taiwan TEA Corp.(a) | 260,000 | 180,265 | ||||||
| Taiwan Union Technology Corp. | 65,000 | 236,530 | ||||||
| Tanvex BioPharma Inc.(a) | 71,862 | 135,172 | ||||||
| Tatung Co. Ltd.(a) | 520,000 | 665,792 | ||||||
| TCI Co. Ltd. | 26,528 | 197,483 | ||||||
| Teco Electric and Machinery Co. Ltd. | 650,000 | 719,150 | ||||||
| Test Research Inc. | 130,000 | 268,989 | ||||||
| Tong Hsing Electronic Industries Ltd. | 65,641 | 719,023 | ||||||
| Tong Yang Industry Co. Ltd. | 130,133 | 152,745 | ||||||
| Topco Scientific Co. Ltd. | 65,000 | 340,485 | ||||||
| TPK Holding Co. Ltd. | 130,000 | 184,446 | ||||||
| Transcend Information Inc. | 130,000 | 322,985 | ||||||
| Tripod Technology Corp. | 130,000 | 582,172 | ||||||
| TSEC Corp.(a) | 130,000 | 168,297 | ||||||
| TSRC Corp. | 260,000 | 305,283 | ||||||
| TTY Biopharm Co. Ltd. | 65,450 | 159,990 | ||||||
| Tung Ho Steel Enterprise Corp. | 325,000 | 495,058 | ||||||
| TXC Corp. | 130,000 | 491,458 | ||||||
| U-Ming Marine Transport Corp. | 130,000 | 251,926 | ||||||
| Union Bank of Taiwan(a) | 623,226 | 282,817 | ||||||
| United Integrated Services Co. Ltd. | 65,400 | 418,191 | ||||||
| United Renewable Energy Co. Ltd.(a) | 554,059 | 421,160 | ||||||
| UPC Technology Corp. | 260,741 | 197,598 | ||||||
| USI Corp. | 260,070 | 291,101 | ||||||
| Visual Photonics Epitaxy Co. Ltd. | 65,425 | 357,530 | ||||||
| Wafer Works Corp. | 204,918 | 602,927 | ||||||
| Wah Lee Industrial Corp. | 66,340 | 215,500 | ||||||
| Walsin Lihwa Corp. | 845,000 | 793,866 | ||||||
| Walsin Technology Corp. | 130,000 | 811,200 | ||||||
| Wisdom Marine Lines Co. Ltd. | 195,000 | 512,818 | ||||||
| Wistron NeWeb Corp. | 130,481 | 346,500 | ||||||
| WT Microelectronics Co. Ltd. | 130,757 | 297,936 | ||||||
| XinTec Inc. | 65,000 | 322,153 | ||||||
| Xxentria Technology Materials Corp. | 65,000 | 157,181 | ||||||
| YFY Inc. | 455,000 | 562,053 | ||||||
| Yieh Phui Enterprise Co. Ltd.(a) | 390,797 | 334,503 | ||||||
| Yulon Finance Corp. | 75,142 | 454,461 | ||||||
| Yulon Motor Co. Ltd. | 195,026 | 285,879 | ||||||
| YungShin Global Holding Corp. | 130,200 | 202,601 | ||||||
| Yungtay Engineering Co. Ltd. | 65,000 | 150,785 | ||||||
| 85,590,803 | ||||||||
| Thailand — 3.6% | ||||||||
| AEON Thana Sinsap Thailand PCL, NVDR(c) | 32,500 | 174,656 | ||||||
| Amata Corp. PCL, NVDR | 396,576 | 227,974 | ||||||
12
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Thailand (continued) | ||||||||
| AP Thailand PCL, NVDR | 1,124,500 | $ | 290,045 | |||||
| Bangchak Corp. PCL, NVDR | 494,100 | 353,608 | ||||||
| Bangkok Chain Hospital PCL, NVDR(c) | 611,000 | 386,714 | ||||||
| Bangkok Land PCL, NVDR(c) | 6,097,000 | 189,980 | ||||||
| Bangkok Life Assurance PCL, NVDR | 253,500 | 216,424 | ||||||
| Banpu PCL, NVDR | 1,904,500 | 582,044 | ||||||
| Central Plaza Hotel PCL, NVDR(a) | 201,500 | 183,942 | ||||||
| CH Karnchang PCL, NVDR | 481,100 | 302,323 | ||||||
| Chularat Hospital PCL, NVDR(c) | 2,788,500 | 320,300 | ||||||
| CK Power PCL, NVDR | 1,092,100 | 157,811 | ||||||
| Com7 PCL, NVDR(c) | 247,000 | 566,872 | ||||||
| Eastern Polymer Group PCL, NVDR | 475,200 | 156,406 | ||||||
| Eastern Water Resources Development and Management PCL, NVDR(c) | 767,000 | 209,414 | ||||||
| Esso Thailand PCL, NVDR(a)(c) | 604,500 | 129,393 | ||||||
| GFPT PCL, NVDR(c) | 526,600 | 182,839 | ||||||
| Gunkul Engineering PCL, NVDR(c) | 1,411,899 | 189,675 | ||||||
| Hana Microelectronics PCL, NVDR | 240,500 | 666,462 | ||||||
| IRPC PCL, NVDR | 4,147,000 | 458,007 | ||||||
| Jasmine International PCL, NVDR(c) | 2,236,000 | 189,302 | ||||||
| Jay Mart PCL, NVDR | 175,500 | 260,405 | ||||||
| JMT Network Services PCL, NVDR | 175,500 | 305,976 | ||||||
| KCE Electronics PCL, NVDR | 325,300 | 886,050 | ||||||
| Khon Kaen Sugar Industry PCL, NVDR(a) | 1,001,130 | 103,983 | ||||||
| Kiatnakin Phatra Bank PCL, NVDR | 117,032 | 198,303 | ||||||
| Major Cineplex Group PCL, NVDR | 299,000 | 163,264 | ||||||
| MBK PCL, NVDR(a) | 552,500 | 216,301 | ||||||
| Mega Lifesciences PCL, NVDR | 182,000 | 285,327 | ||||||
| Ngern Tid Lor PCL, NVDR(a) | 338,000 | 361,095 | ||||||
| Plan B Media PCL, NVDR(c) | 1,033,500 | 199,221 | ||||||
| Pruksa Holding PCL, NVDR | 572,000 | 220,374 | ||||||
| PTG Energy PCL, NVDR(c) | 357,600 | 152,376 | ||||||
| Quality Houses PCL, NVDR | 3,139,567 | 206,835 | ||||||
| Sansiri PCL, NVDR | 4,797,000 | 170,693 | ||||||
| Siam Global House PCL, NVDR | 1 | — | ||||||
| Siamgas & Petrochemicals PCL, NVDR | 409,600 | 151,600 | ||||||
| Sino-Thai Engineering & Construction PCL, NVDR(c) | 481,028 | 188,098 | ||||||
| Sri Trang Agro-Industry PCL, NVDR | 351,080 | 308,963 | ||||||
| Star Petroleum Refining PCL, NVDR(a) | 767,000 | 204,000 | ||||||
| Supalai PCL, NVDR | 624,100 | 385,991 | ||||||
| Super Energy Corp. PCL, NVDR | 7,358,000 | 205,466 | ||||||
| Thai Vegetable Oil PCL, NVDR(c) | 227,600 | 202,528 | ||||||
| Thanachart Capital PCL, NVDR(c) | 117,000 | 122,140 | ||||||
| Thonburi Healthcare Group PCL, NVDR(c) | 344,500 | 347,592 | ||||||
| Thoresen Thai Agencies PCL, NVDR | 481,000 | 130,608 | ||||||
| Tipco Asphalt PCL, NVDR(c) | 344,500 | 181,975 | ||||||
| Tisco Financial Group PCL, NVDR | 78,000 | 207,353 | ||||||
| TOA Paint Thailand PCL, NVDR(c) | 208,000 | 199,030 | ||||||
| TPI Polene Power PCL, NVDR(c) | 2,028,000 | 249,156 | ||||||
| TTW PCL, NVDR(c) | 845,000 | 285,088 | ||||||
| VGI PCL, NVDR | 1,722,500 | 342,164 | ||||||
| WHA Corp. PCL, NVDR(c) | 3,510,000 | 340,626 | ||||||
| 13,916,772 | ||||||||
| Turkey — 1.1% | ||||||||
| Anadolu Efes Biracilik Ve Malt Sanayii AS | 87,880 | 161,145 | ||||||
| Bera Holding AS(a) | 125,190 | 97,311 | ||||||
| Coca-Cola Icecek AS | 34,190 | 218,824 | ||||||
| Dogan Sirketler Grubu Holding AS | 468,260 | 105,021 | ||||||
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 756,210 | 123,749 | ||||||
| Enerjisa Enerji AS(b) | 101,920 | 97,838 | ||||||
| Security | Shares | Value | ||||||
| Turkey (continued) | ||||||||
| Gubre Fabrikalari TAS(a) | 19,083 | $ | 110,135 | |||||
| Haci Omer Sabanci Holding AS | 313,495 | 291,767 | ||||||
| Hektas Ticaret TAS(a)(c) | 135,915 | 128,088 | ||||||
| Jantsa Jant Sanayi Ve Ticaret AS | 7,121 | 32,982 | ||||||
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D(a) | 300,495 | 187,696 | ||||||
| Koza Altin Isletmeleri AS(a)(c) | 14,365 | 133,366 | ||||||
| Koza Anadolu Metal Madencilik Isletmeleri AS(a) | 89,180 | 129,295 | ||||||
| Mavi Giyim Sanayi Ve Ticaret AS, Class B(b) | 22,414 | 117,940 | ||||||
| Migros Ticaret AS(a)(c) | 35,685 | 108,733 | ||||||
| MLP Saglik Hizmetleri AS(a)(b) | 48,035 | 113,137 | ||||||
| Nuh Cimento Sanayi AS | 23,270 | 72,200 | ||||||
| Otokar Otomotiv Ve Savunma Sanayi AS | 3,315 | 96,691 | ||||||
| Oyak Cimento Fabrikalari AS(a)(c) | 179,855 | 94,209 | ||||||
| Pegasus Hava Tasimaciligi AS(a)(c) | 16,315 | 104,887 | ||||||
| Petkim Petrokimya Holding AS(a) | 444,405 | 253,236 | ||||||
| TAV Havalimanlari Holding AS(a)(c) | 93,275 | 183,031 | ||||||
| Tekfen Holding AS | 89,635 | 123,169 | ||||||
| Tofas Turk Otomobil Fabrikasi AS(c) | 45,695 | 287,258 | ||||||
| Turk Hava Yollari AO(a) | 181,415 | 233,026 | ||||||
| Turkiye Halk Bankasi AS(a)(c) | 249,210 | 85,343 | ||||||
| Turkiye Sinai Kalkinma Bankasi AS | 507,650 | 54,888 | ||||||
| Ulker Biskuvi Sanayi AS(c) | 57,291 | 84,797 | ||||||
| Vestel Elektronik Sanayi ve Ticaret AS | 34,515 | 70,703 | ||||||
| Yapi ve Kredi Bankasi AS(c) | 993,850 | 230,161 | ||||||
| 4,130,626 | ||||||||
| United Arab Emirates — 0.9% | ||||||||
| Agthia Group PJSC | 100,100 | 153,176 | ||||||
| Air Arabia PJSC(a) | 1,038,830 | 410,090 | ||||||
| Al Waha Capital PJSC | 305,435 | 138,037 | ||||||
| Al Yah Satellite Communications Co.(a) | 340,990 | 257,151 | ||||||
| Amanat Holdings PJSC(a) | 353,015 | 109,942 | ||||||
| Aramex PJSC | 268,840 | 284,179 | ||||||
| DAMAC Properties Dubai Co. PJSC(a) | 667,485 | 254,412 | ||||||
| Dana Gas PJSC | 1,146,535 | 329,158 | ||||||
| Drake & Scull International PJSC(a)(d) | 241,185 | 8,503 | ||||||
| Dubai Financial Market PJSC(a) | 642,525 | 419,966 | ||||||
| Dubai Investments PJSC | 865,475 | 445,631 | ||||||
| Emaar Development PJSC(a) | 304,005 | 378,527 | ||||||
| Ras Al Khaimah Ceramics | 171,470 | 129,311 | ||||||
| 3,318,083 | ||||||||
| Total Common Stocks — 98.8% | ||||||||
| (Cost: $331,605,174) | 382,494,896 | |||||||
| Preferred Stocks | ||||||||
| Brazil — 0.8% | ||||||||
| Azul SA, Preference Shares, NVS(a) | 104,110 | 432,970 | ||||||
| Banco ABC Brasil SA, Preference Shares, NVS | 31,929 | 96,153 | ||||||
| Banco do Estado do Rio Grande do Sul SA, Class B, Preference Shares, NVS | 79,085 | 142,081 | ||||||
| Banco Pan SA, Preference Shares, NVS | 106,080 | 212,468 | ||||||
| Cia. de Saneamento do Parana, Preference Shares, NVS | 125,515 | 84,840 | ||||||
| Cia. Energetica de Sao Paulo, Class B, Preference Shares, NVS | 65,000 | 274,830 | ||||||
| Cia. Paranaense de Energia, Preference Shares, NVS | 284,050 | 310,230 | ||||||
| Gol Linhas Aereas Inteligentes SA, Preference Shares, NVS(a) | 75,098 | 213,733 | ||||||
13
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Brazil (continued) | ||||||||
| Lojas Americanas SA, Preference Shares, NVS | 317,720 | $ | 309,138 | |||||
| Marcopolo SA, Preference Shares, NVS | 240,579 | 109,979 | ||||||
| Metalurgica Gerdau SA, Preference Shares, NVS | 279,825 | 530,099 | ||||||
| Randon SA Implementos e Participacoes, Preference | ||||||||
| Shares, NVS | 82,420 | 162,293 | ||||||
| Unipar Carbocloro SA, Class B, Preference Shares, NVS | 16,603 | 263,109 | ||||||
| 3,141,923 | ||||||||
| Chile — 0.1% | ||||||||
| Embotelladora Andina SA, Class B, Preference Shares, NVS | 116,870 | 240,132 | ||||||
| Total Preferred Stocks — 0.9% | ||||||||
| (Cost: $4,055,614) | 3,382,055 | |||||||
| Rights | ||||||||
| India — 0.0% | ||||||||
| Indian Hotels Co. Ltd. (The) (Expires 12/08/21)(a) | 26,397 | 10,959 | ||||||
| Kuwait — 0.0% | ||||||||
| Warba Bank KSCP (Expires 12/12/21)(a) | 142,825 | 36,356 | ||||||
| South Korea — 0.0% | ||||||||
| Enzychem Lifesciences Corp. (Expires 12/17/21)(a)(c) | 1,463 | — | ||||||
| Hyundai Doosan Infracore Co. Ltd. (Expires 12/09/21)(a) | 19,500 | 13,953 | ||||||
| 13,953 | ||||||||
| Thailand — 0.0% | ||||||||
| Plan B Media PCL (Expires 12/22/21)(a) | 82,680 | 3,680 | ||||||
| Total Rights — 0.0% | ||||||||
| (Cost: $76,248) | 64,948 | |||||||
| Warrants | ||||||||
| Thailand — 0.0% | ||||||||
| MBK PCL (Expires 11/15/24)(a) | 22,100 | 6,689 | ||||||
| Total Warrants — 0.0% | ||||||||
| (Cost: $0) | 6,689 | |||||||
| Security | Shares | Value | ||||||
| Short-Term Investments | ||||||||
| Money Market Funds — 3.7% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(g)(h)(i) | 14,573,578 | $ | 14,579,407 | |||||
| Total Short-Term Investments — 3.7% | ||||||||
| (Cost: $14,576,935) | 14,579,407 | |||||||
| Total Investments in Securities — 103.4% | ||||||||
| (Cost: $350,313,971) | 400,527,995 | |||||||
| Other Assets, Less Liabilities — (3.4)% | (13,302,979 | ) | ||||||
| Net Assets — 100.0% | $ | 387,225,016 | ||||||
| (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) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (f) | Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $62,069, representing less than 0.05% of its net assets as of period end, and an original cost of $336,376. |
| (g) | Affiliate of the Fund. |
| (h) | Annualized 7-day yield as of period end. |
| (i) | 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 | $ | 20,739,436 | $ | — | $ | (6,158,081 | )(a) | $ | (550 | ) | $ | (1,398 | ) | $ | 14,579,407 | 14,573,578 | $ | 196,887 | (b) | $ | — | |||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares(c) | 2,250,000 | — | (2,250,000 | )(a) | — | — | — | — | 38 | — | ||||||||||||||||||
| $ | (550 | ) | $ | (1,398 | ) | $ | 14,579,407 | $ | 196,925 | $ | — |
| (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. |
| (c) | As of period end, the entity is no longer held. |
14
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2021 |
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 | |||||||||||||
| MSCI Emerging Markets Index | 21 | 12/17/21 | $ | 1,273 | $ | (29,211 | ) |
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 | $ | 96,920,604 | $ | 285,236,714 | $ | 337,578 | $ | 382,494,896 | |||||
| Preferred Stocks | 3,382,055 | — | — | 3,382,055 | |||||||||
| Rights | 61,268 | 3,680 | — | 64,948 | |||||||||
| Warrants | — | 6,689 | — | 6,689 | |||||||||
| Money Market Funds | 14,579,407 | — | — | 14,579,407 | |||||||||
| $ | 114,943,334 | $ | 285,247,083 | $ | 337,578 | $ | 400,527,995 | ||||||
| Derivative financial instruments(a) | |||||||||||||
| Liabilities | |||||||||||||
| Futures Contracts | $ | (29,211 | ) | $ | — | $ | — | $ | (29,211 | ) |
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviations - Equity
| ADR | American Depositary Receipt | PJSC | Public Joint Stock Company |
| CPO | Certificates of Participation (Ordinary) | REIT | Real Estate Investment Trust |
| GDR | Global Depositary Receipt | ||
| NVDR | Non-Voting Depositary Receipt | ||
| NVS | Non-Voting Shares |
15