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

Security	Shares		Value
Common Stocks
Brazil — 5.4%
Ambev SA		153,558	$	438,671
Americanas SA(a)		15,276		82,387
Atacadao SA		20,520		55,955
B3 SA - Brasil, Bolsa, Balcao		194,085		383,554
Banco Bradesco SA		41,781		126,491
Banco BTG Pactual SA		38,648		143,954
Banco do Brasil SA		24,738		140,107
Banco Inter SA		11,172		71,998
Banco Santander Brasil SA		11,058		64,831
BB Seguridade Participacoes SA		22,230		82,564
BRF SA(a)		19,722		69,285
CCR SA		35,055		76,759
Centrais Eletricas Brasileiras SA		13,395		77,746
Cia. de Saneamento Basico do Estado de Sao Paulo		12,141		72,736
Cia. Siderurgica Nacional SA		22,800		88,250
Cosan SA		34,770		131,427
Energisa SA		5,187		41,971
Engie Brasil Energia SA		9,483		64,993
Equatorial Energia SA		28,500		114,419
Getnet Adquirencia e Servicos para Meios de Pagamento SA(a)		1		—
Hapvida Participacoes e Investimentos SA(b)		35,283		68,472
Hypera SA		13,395		64,618
JBS SA		28,614		181,451
Klabin SA		20,292		86,158
Localiza Rent a Car SA		18,468		167,898
Lojas Renner SA		32,171		162,803
Magazine Luiza SA		97,413		135,155
Natura & Co. Holding SA(a)		30,096		142,882
Notre Dame Intermedica Participacoes SA		16,758		183,204
Petroleo Brasileiro SA		116,964		627,070
Raia Drogasil SA		32,205		128,205
Rede D'Or Sao Luiz SA(b)		11,685		104,278
Rumo SA(a)		35,910		112,230
Suzano SA(a)		25,266		252,397
Telefonica Brasil SA		13,509		120,844
TIM SA		34,327		84,263
TOTVS SA		16,929		95,428
Ultrapar Participacoes SA		28,956		74,323
Vale SA		125,742		1,564,548
Via S/A(a)		39,900		40,242
Vibra Energia SA		37,341		144,533
WEG SA		53,010		303,906
XP Inc.(a)		—		2
				7,173,008
Cayman Islands — 0.2%
Hygeia Healthcare Holdings Co. Ltd.(b)		11,400		88,665
Kanzhun Ltd., ADR(a)		1,995		63,800
Legend Biotech Corp., ADR(a)		1,254		64,594
				217,059
China — 62.4%
360 DigiTech Inc., ADR(a)		2,166		50,424
360 Security Technology Inc., Class A(a)		28,531		53,559
3SBio Inc.(a)(b)		28,500		24,377
51job Inc., ADR(a)		1,026		59,200
AAC Technologies Holdings Inc.		29,500		128,846
Advanced Micro-Fabrication Equipment Inc., Class A(a)		2,300		57,629
AECC Aviation Power Co. Ltd., Class A		5,700		57,841

Security	Shares		Value
China (continued)
Agora Inc., ADR(a)		1,571	$	32,834
Agricultural Bank of China Ltd., Class A		136,800		62,475
Agricultural Bank of China Ltd., Class H		798,000		263,558
Aier Eye Hospital Group Co. Ltd., Class A		12,491		84,021
Air China Ltd., Class A(a)		11,400		14,289
Air China Ltd., Class H(a)		114,000		71,725
Akeso Inc.(a)(b)		11,000		69,386
Alibaba Group Holding Ltd.(a)		482,420		7,703,135
Alibaba Health Information Technology Ltd.(a)		148,000		136,123
A-Living Smart City Services Co. Ltd., Class A(b)		14,250		33,479
Aluminum Corp. of China Ltd., Class A(a)		34,200		27,999
Aluminum Corp. of China Ltd., Class H(a)		114,000		55,654
Anhui Conch Cement Co. Ltd., Class A		11,400		65,087
Anhui Conch Cement Co. Ltd., Class H		28,500		129,756
Anhui Gujing Distillery Co. Ltd., Class B		5,700		78,663
ANTA Sports Products Ltd.		35,440		565,932
Autohome Inc., ADR		2,223		75,960
AVIC Electromechanical Systems Co. Ltd., Class A		11,400		30,516
AVIC Industry-Finance Holdings Co. Ltd., Class A		51,399		30,954
AviChina Industry & Technology Co. Ltd., Class H		86,000		56,564
Baidu Inc., ADR(a)(c)		8,721		1,306,755
Bank of Beijing Co. Ltd., Class A		63,990		43,977
Bank of Chengdu Co. Ltd., Class A		11,400		19,995
Bank of China Ltd., Class A		68,400		32,762
Bank of China Ltd., Class H		2,451,000		851,076
Bank of Communications Co. Ltd., Class A		102,600		73,589
Bank of Communications Co. Ltd., Class H		228,200		132,867
Bank of Hangzhou Co. Ltd., Class A		22,899		49,228
Bank of Jiangsu Co. Ltd., Class A		39,960		36,860
Bank of Nanjing Co. Ltd., Class A		28,500		40,484
Bank of Ningbo Co. Ltd., Class A		17,100		102,779
Bank of Shanghai Co. Ltd., Class A		45,690		51,252
Baoshan Iron & Steel Co. Ltd., Class A		39,900		40,558
BBMG Corp., Class A		22,800		9,626
BeiGene Ltd., ADR(a)(c)		1,482		515,039
Beijing Capital International Airport Co. Ltd., Class H(a)		114,000		66,172
Beijing Dabeinong Technology Group Co. Ltd., Class A		17,100		24,364
Beijing Enlight Media Co. Ltd., Class A		11,400		18,200
Beijing Enterprises Holdings Ltd.		28,500		96,304
Beijing Enterprises Water Group Ltd.		228,000		84,811
Beijing Kingsoft Office Software Inc., Class A		378		15,928
Beijing New Building Materials PLC, Class A		5,700		23,839
Beijing Originwater Technology Co. Ltd., Class A		28,500		31,506
Beijing Roborock Technology Co. Ltd., Class A		358		45,655
Beijing Sinnet Technology Co. Ltd., Class A		11,400		26,442
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		79,800		56,657
Bilibili Inc., ADR(a)(c)		5,130		338,631
BOC Aviation Ltd.(b)		5,700		40,145
BOE Technology Group Co. Ltd., Class A		114,000		86,157
Bosideng International Holdings Ltd.		114,000		80,224
BYD Co. Ltd., Class A		3,900		186,972
BYD Co. Ltd., Class H		28,500		1,121,007
BYD Electronic International Co. Ltd.		29,500		109,136
Caitong Securities Co. Ltd., Class A		11,400		18,236
CanSino Biologics Inc., Class H(a)(b)		2,600		57,083
CGN Power Co. Ltd., Class H(b)		342,000		93,522
Changchun High & New Technology Industry Group Inc., Class A		810		36,025
Changjiang Securities Co. Ltd., Class A		28,500		32,132
Chaozhou Three-Circle Group Co. Ltd., Class A		5,700		37,358

 1

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

Security	Shares		Value
China (continued)
China Baoan Group Co. Ltd., Class A		5,700	$	15,756
China Bohai Bank Co. Ltd., Class H(b)		116,500		34,660
China Cinda Asset Management Co. Ltd., Class H		171,000		27,323
China CITIC Bank Corp. Ltd., Class H		228,000		97,858
China Communications Services Corp. Ltd., Class H		54,800		26,088
China Conch Venture Holdings Ltd.		57,000		278,612
China Construction Bank Corp., Class A		17,100		15,432
China Construction Bank Corp., Class H		3,021,370		1,968,743
China CSSC Holdings Ltd., Class A		5,700		21,452
China Eastern Airlines Corp. Ltd., Class A(a)		28,500		20,834
China Education Group Holdings Ltd.		31,000		57,025
China Everbright Bank Co. Ltd., Class A		91,200		47,916
China Everbright Bank Co. Ltd., Class H		57,000		19,590
China Everbright Environment Group Ltd.		114,000		75,403
China Evergrande Group(c)		63,000		18,501
China Feihe Ltd.(b)		116,000		155,175
China Galaxy Securities Co. Ltd., Class H		142,500		78,541
China Gas Holdings Ltd.		92,400		166,700
China Greatwall Technology Group Co. Ltd., Class A		11,400		25,184
China Hongqiao Group Ltd.		85,500		82,766
China Huarong Asset Management Co. Ltd., Class H(a)(b)(d)		448,000		43,950
China Huishan Dairy Holdings Co. Ltd.(d)		51,450		—
China International Capital Corp. Ltd., Class H(b)		45,600		110,313
China Jinmao Holdings Group Ltd.		172,000		52,481
China Jushi Co. Ltd., Class A		11,473		31,362
China Lesso Group Holdings Ltd.		57,000		82,777
China Life Insurance Co. Ltd., Class A		5,493		25,449
China Life Insurance Co. Ltd., Class H		228,000		374,983
China Literature Ltd.(a)(b)		11,400		79,581
China Longyuan Power Group Corp. Ltd., Class H		128,000		261,641
China Medical System Holdings Ltd.		57,000		93,354
China Mengniu Dairy Co. Ltd.		106,000		594,087
China Merchants Bank Co. Ltd., Class A		34,200		265,549
China Merchants Bank Co. Ltd., Class H		129,456		1,002,887
China Merchants Energy Shipping Co. Ltd., Class A		5,740		3,940
China Merchants Port Holdings Co. Ltd.		48,000		73,862
China Merchants Securities Co. Ltd., Class A		17,150		45,736
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		12,581		22,626
China Minsheng Banking Corp. Ltd., Class A		57,000		34,803
China Minsheng Banking Corp. Ltd., Class H		199,500		76,705
China Molybdenum Co. Ltd., Class A		28,500		26,376
China Molybdenum Co. Ltd., Class H		108,000		66,257
China National Building Material Co. Ltd., Class H		150,000		161,148
China National Chemical Engineering Co. Ltd., Class A		11,400		19,912
China National Nuclear Power Co. Ltd., Class A		34,200		36,607
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		5,700		47,987
China Oilfield Services Ltd., Class H		68,000		53,545
China Overseas Land & Investment Ltd.		142,800		328,291
China Pacific Insurance Group Co. Ltd., Class A		17,100		72,673
China Pacific Insurance Group Co. Ltd., Class H		79,800		231,469
China Petroleum & Chemical Corp., Class A		57,000		36,031
China Petroleum & Chemical Corp., Class H		798,600		348,117
China Power International Development Ltd.		114,000		58,008
China Railway Group Ltd., Class A		39,900		33,162
China Railway Group Ltd., Class H		114,000		54,197
China Renewable Energy Investment Ltd.(d)		7,709		—
China Resources Beer Holdings Co. Ltd.		38,000		311,701

Security	Shares		Value
China (continued)
China Resources Cement Holdings Ltd.		116,000	$	84,436
China Resources Gas Group Ltd.		15,000		77,616
China Resources Land Ltd.		114,444		478,114
China Resources Mixc Lifestyle Services Ltd.(b)		12,000		59,208
China Resources Power Holdings Co. Ltd.		74,200		192,115
China Shenhua Energy Co. Ltd., Class A		17,100		52,545
China Shenhua Energy Co. Ltd., Class H		114,000		236,189
China Southern Airlines Co. Ltd., Class A(a)		45,600		43,684
China State Construction Engineering Corp. Ltd., Class A		102,600		74,628
China State Construction International Holdings Ltd.		18,000		18,200
China Suntien Green Energy Corp. Ltd., Class H		57,000		39,983
China Taiping Insurance Holdings Co. Ltd.		57,040		79,349
China Tourism Group Duty Free Corp. Ltd., Class A		4,000		129,250
China Tower Corp. Ltd., Class H(b)		1,254,000		158,723
China Traditional Chinese Medicine Holdings Co. Ltd.		114,000		54,968
China United Network Communications Ltd., Class A		57,000		34,738
China Vanke Co. Ltd., Class A		17,138		49,042
China Vanke Co. Ltd., Class H		51,301		116,385
China Yangtze Power Co. Ltd., Class A		39,956		122,570
China Zheshang Bank Co. Ltd., Class A		28,500		15,355
Chinasoft International Ltd.		114,000		189,545
Chindata Group Holdings Ltd., ADR(a)		1,653		15,637
Chongqing Changan Automobile Co. Ltd., Class A		11,440		31,137
Chongqing Zhifei Biological Products Co. Ltd., Class A		4,300		86,899
CIFI Ever Sunshine Services Group Ltd.		28,000		47,109
CIFI Holdings Group Co. Ltd.		114,000		62,131
CITIC Ltd.		191,000		172,048
CITIC Securities Co. Ltd., Class A		28,500		106,257
CITIC Securities Co. Ltd., Class H		57,000		135,514
Contemporary Amperex Technology Co. Ltd., Class A		5,700		608,446
COSCO SHIPPING Holdings Co. Ltd., Class A(a)		22,770		61,897
COSCO SHIPPING Holdings Co. Ltd., Class H(a)		113,849		194,036
COSCO SHIPPING Ports Ltd.		114,000		89,588
Country Garden Holdings Co. Ltd.		234,046		206,269
Country Garden Services Holdings Co. Ltd.		49,000		297,070
CRRC Corp. Ltd., Class A		45,600		43,620
CRRC Corp. Ltd., Class H		114,000		50,582
CSC Financial Co. Ltd., Class A		11,400		50,080
CSPC Pharmaceutical Group Ltd.		304,160		315,340
Dada Nexus Ltd., ADR(a)		2,280		41,200
Dali Foods Group Co. Ltd.(b)		85,500		44,954
Daqo New Energy Corp., ADR(a)		1,938		111,125
DHC Software Co. Ltd., Class A		28,500		32,436
DiDi Global Inc., ADR(a)(c)		9,633		73,500
Dongfang Electric Corp. Ltd., Class A		11,400		36,559
Dongfeng Motor Group Co. Ltd., Class H		114,000		105,830
Dongxing Securities Co. Ltd., Class A		11,499		21,590
Dongyue Group Ltd.		57,000		108,328
East Money Information Co. Ltd., Class A		22,812		123,983
ENN Energy Holdings Ltd.		23,500		439,994
ENN Natural Gas Co. Ltd., Class A		11,400		34,923
Eve Energy Co. Ltd., Class A		900		20,641
Everbright Securities Co. Ltd., Class A		11,497		26,053
Fangda Carbon New Material Co. Ltd., Class A		11,440		21,677
Far East Horizon Ltd.		61,000		52,958
Fiberhome Telecommunication Technologies Co. Ltd., Class A		5,700		15,888
First Capital Securities Co. Ltd., Class A		11,400		12,440
Flat Glass Group Co. Ltd., Class A		9,300		66,963

 2

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

Security	Shares		Value
China (continued)
Focus Media Information Technology Co. Ltd., Class A		39,939	$	44,520
Foshan Haitian Flavouring & Food Co. Ltd., Class A		9,574		169,086
Fosun International Ltd.		85,500		93,309
Founder Securities Co. Ltd., Class A		34,299		41,654
Foxconn Industrial Internet Co. Ltd., Class A		22,800		39,983
Fujian Sunner Development Co. Ltd., Class A		5,700		19,636
Fuyao Glass Industry Group Co. Ltd., Class A		5,700		41,486
Fuyao Glass Industry Group Co. Ltd., Class H(b)		23,600		129,521
Ganfeng Lithium Co. Ltd., Class H(b)		11,400		220,331
GD Power Development Co. Ltd., Class A		34,200		13,645
GDS Holdings Ltd., ADR(a)		2,679		150,131
Geely Automobile Holdings Ltd.		171,000		505,034
GEM Co. Ltd., Class A		17,199		30,559
Gemdale Corp., Class A		11,400		17,906
Genscript Biotech Corp.(a)		42,000		220,688
GF Securities Co. Ltd., Class A		17,100		62,545
GF Securities Co. Ltd., Class H		22,800		39,723
GoerTek Inc., Class A		5,700		46,460
GOME Retail Holdings Ltd.(a)		405,400		35,260
Great Wall Motor Co. Ltd., Class A		11,400		107,034
Great Wall Motor Co. Ltd., Class H		85,500		355,264
Greenland Holdings Corp. Ltd., Class A		78		50
Greentown Service Group Co. Ltd.		56,000		53,716
Guangdong Haid Group Co. Ltd., Class A		5,700		57,481
Guangdong Investment Ltd.		114,000		151,747
Guanghui Energy Co. Ltd., Class A(a)		11,400		10,668
Guangzhou Automobile Group Co. Ltd., Class H		114,235		116,514
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A		5,700		26,288
Guangzhou R&F Properties Co. Ltd., Class H(c)		45,600		24,680
Guosen Securities Co. Ltd., Class A		22,800		39,483
Guotai Junan Securities Co. Ltd., Class A		22,800		59,848
Guoyuan Securities Co. Ltd., Class A		16,920		19,765
Haidilao International Holding Ltd.(b)(c)		30,000		66,108
Haier Smart Home Co. Ltd., Class A		17,179		73,214
Haier Smart Home Co. Ltd., Class H		68,400		255,240
Haitian International Holdings Ltd.		28,000		77,343
Haitong Securities Co. Ltd., Class A		28,500		52,925
Haitong Securities Co. Ltd., Class H		68,400		57,430
Hangzhou Tigermed Consulting Co. Ltd., Class A		100		2,166
Hangzhou Tigermed Consulting Co. Ltd., Class H(b)		5,700		90,290
Hansoh Pharmaceutical Group Co. Ltd.(b)		50,000		102,489
Hello Group Inc., ADR		4,788		55,397
Henan Shuanghui Investment & Development Co. Ltd., Class A		11,400		51,007
Hengan International Group Co. Ltd.		28,500		137,635
Hengli Petrochemical Co. Ltd., Class A		17,100		56,840
HengTen Networks Group Ltd.(a)(c)		108,000		45,471
Hengyi Petrochemical Co. Ltd., Class A		13,530		22,284
Hesteel Co. Ltd., Class A		28,500		10,387
Hopson Development Holdings Ltd.		24,690		59,743
Huaan Securities Co. Ltd., Class A		34,260		27,365
Huadian Power International Corp. Ltd., Class A		17,100		9,750
Huadong Medicine Co. Ltd., Class A		5,700		30,394
Hualan Biological Engineering Inc., Class A		2,250		10,203
Huaneng Power International Inc., Class A		17,100		16,680
Huaneng Power International Inc., Class H(c)		114,000		50,891
Huatai Securities Co. Ltd., Class A		22,800		56,646
Huatai Securities Co. Ltd., Class H(b)		22,800		32,668
Huaxia Bank Co. Ltd., Class A		45,600		40,330

Security	Shares		Value
China (continued)
Huaxin Cement Co. Ltd., Class A		5,700	$	15,920
Huayu Automotive Systems Co. Ltd., Class A		11,499		46,550
Huazhu Group Ltd., ADR(a)		5,871		232,022
Hunan Valin Steel Co. Ltd., Class A		17,100		13,407
Hundsun Technologies Inc., Class A		5,700		52,295
Iflytek Co. Ltd., Class A		5,729		48,517
I-Mab, ADR(a)		1,311		79,263
Industrial & Commercial Bank of China Ltd., Class A		114,000		81,861
Industrial & Commercial Bank of China Ltd., Class H		1,780,050		940,637
Industrial Bank Co. Ltd., Class A		39,900		112,540
Industrial Securities Co. Ltd., Class A		17,100		22,962
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A(a)		91,200		41,219
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		17,100		14,215
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		11,400		70,063
Innovent Biologics Inc.(a)(b)		28,500		251,780
Inspur Electronic Information Industry Co. Ltd., Class A		8,383		42,798
iQIYI Inc., ADR(a)		8,855		55,255
JA Solar Technology Co. Ltd., Class A		5,700		77,856
JD Health International Inc.(a)(b)		11,400		98,521
JD.com Inc., ADR(a)		28,110		2,364,332
Jiangsu Eastern Shenghong Co. Ltd., Class A		5,700		21,158
Jiangsu Expressway Co. Ltd., Class H		114,000		110,813
Jiangsu Hengrui Medicine Co. Ltd., Class A		13,968		110,332
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		2,900		79,107
Jiangsu Zhongtian Technology Co. Ltd., Class A		5,700		16,635
Jiangxi Copper Co. Ltd., Class H		36,000		57,852
Jiangxi Zhengbang Technology Co. Ltd., Class A		11,400		17,259
Jinke Properties Group Co. Ltd., Class A		5,700		3,680
Jinxin Fertility Group Ltd.(a)(b)		57,000		79,674
Jiumaojiu International Holdings Ltd.(b)		28,000		57,834
JOYY Inc., ADR		1,539		78,797
KE Holdings Inc., ADR(a)		11,115		222,411
Kingboard Holdings Ltd.		28,500		143,067
Kingboard Laminates Holdings Ltd.		28,500		49,972
Kingdee International Software Group Co. Ltd.(a)		89,000		267,120
Kingsoft Cloud Holdings Ltd., ADR(a)(c)		1,254		21,669
Kingsoft Corp. Ltd.		31,600		136,741
Kuaishou Technology(a)(b)		17,100		185,639
Kunlun Energy Co. Ltd.		114,000		107,215
Kweichow Moutai Co. Ltd., Class A		2,400		727,899
KWG Group Holdings Ltd.		28,500		21,134
LB Group Co. Ltd., Class A		5,700		25,033
Lee & Man Paper Manufacturing Ltd.		57,000		39,122
Lenovo Group Ltd.		228,000		233,474
Lens Technology Co. Ltd., Class A		17,100		56,216
Lepu Medical Technology Beijing Co. Ltd., Class A		5,700		19,880
Li Auto Inc., ADR(a)(c)		17,556		622,185
Li Ning Co. Ltd.		71,000		803,052
Lingyi iTech Guangdong Co., Class A(a)		45,600		48,474
Longfor Group Holdings Ltd.(b)		57,000		270,566
LONGi Green Energy Technology Co. Ltd., Class A		11,820		163,705
Luxshare Precision Industry Co. Ltd., Class A		17,602		109,420
Luzhou Laojiao Co. Ltd., Class A		2,800		101,533
Mango Excellent Media Co. Ltd., Class A		5,700		39,023
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A(a)		22,853		26,778
Meituan, Class B(a)(b)		131,100		3,984,692
Metallurgical Corp. of China Ltd., Class A		34,200		20,368
Microport Scientific Corp.		22,800		94,761

 3

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

Security	Shares		Value
China (continued)
Ming Yuan Cloud Group Holdings Ltd.		15,000	$	42,757
Minth Group Ltd.		32,000		148,619
Muyuan Foods Co. Ltd., Class A		11,178		91,551
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A		2,535		16,571
Nanjing Securities Co. Ltd., Class A		11,400		17,032
NARI Technology Co. Ltd., Class A		13,920		90,445
National Silicon Industry Group Co. Ltd., Class A(a)		12,177		56,572
NavInfo Co. Ltd., Class A(a)		5,708		13,993
NetEase Inc., ADR		13,075		1,408,570
New China Life Insurance Co. Ltd., Class A		5,700		33,838
New China Life Insurance Co. Ltd., Class H		17,100		45,679
New Hope Liuhe Co. Ltd., Class A(a)		11,400		25,698
New Oriental Education & Technology Group Inc., ADR(a)		46,630		103,052
Nine Dragons Paper Holdings Ltd.		57,000		63,580
Ningxia Baofeng Energy Group Co. Ltd., Class A		11,400		29,080
NIO Inc., ADR(a)		43,263		1,692,881
Noah Holdings Ltd., ADR(a)		798		29,071
Nongfu Spring Co. Ltd., Class H(b)		57,000		327,108
Offshore Oil Engineering Co. Ltd., Class A		5,724		3,858
OFILM Group Co. Ltd., Class A		17,100		23,529
Orient Securities Co. Ltd., Class A		17,100		37,732
Pacific Securities Co. Ltd. (The), Class A(a)		22,800		11,364
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(a)		28,500		16,897
People's Insurance Co. Group of China Ltd. (The), Class A		51,300		37,462
People's Insurance Co. Group of China Ltd. (The), Class H		114,000		33,309
Perfect World Co. Ltd., Class A		8,950		26,486
PetroChina Co. Ltd., Class A		28,500		21,025
PetroChina Co. Ltd., Class H		570,000		246,815
Pharmaron Beijing Co. Ltd., Class H(b)		5,700		117,599
PICC Property & Casualty Co. Ltd., Class H		228,322		195,202
Pinduoduo Inc., ADR(a)		13,851		921,091
Ping An Bank Co. Ltd., Class A		34,200		93,604
Ping An Healthcare and Technology Co. Ltd.(a)(b)(c)		17,700		66,642
Ping An Insurance Group Co. of China Ltd., Class A		22,800		172,550
Ping An Insurance Group Co. of China Ltd., Class H		200,000		1,386,448
Poly Developments and Holdings Group Co. Ltd., Class A		17,100		37,187
Postal Savings Bank of China Co. Ltd., Class A		51,300		40,934
Postal Savings Bank of China Co. Ltd., Class H(b)		285,000		193,070
Power Construction Corp. of China Ltd., Class A		34,200		35,293
RiseSun Real Estate Development Co. Ltd., Class A		5,700		3,704
RLX Technology Inc., ADR(a)		19,608		80,589
Rongsheng Petrochemical Co. Ltd., Class A		31,850		81,142
SAIC Motor Corp. Ltd., Class A		17,100		53,593
Sanan Optoelectronics Co. Ltd., Class A		11,494		63,430
Sany Heavy Equipment International Holdings Co. Ltd.		57,000		59,281
Sany Heavy Industry Co. Ltd., Class A		17,153		59,115
SDIC Capital Co. Ltd., Class A		17,104		21,471
SDIC Power Holdings Co. Ltd., Class A		22,899		35,718
Sealand Securities Co. Ltd., Class A		45,700		27,951
Seazen Group Ltd.		114,000		81,755
SF Holding Co. Ltd., Class A		11,400		109,623
Shaanxi Coal Industry Co. Ltd., Class A		22,805		42,665
Shandong Gold Mining Co. Ltd., Class A		8,180		24,624
Shandong Gold Mining Co. Ltd., Class H(b)(c)		28,500		51,350
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		7,740		35,887

Security	Shares		Value
China (continued)
Shandong Nanshan Aluminum Co. Ltd., Class A		34,200	$	23,603
Shandong Weigao Group Medical Polymer Co. Ltd.,  Class H		68,400		96,244
Shanghai Baosight Software Co. Ltd., Class A		90		937
Shanghai Baosight Software Co. Ltd., Class B		11,400		55,529
Shanghai Construction Group Co. Ltd., Class A		17,100		8,323
Shanghai Electric Group Co. Ltd., Class A		57,000		43,243
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		5,700		50,137
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		23,000		118,841
Shanghai Lujiazui Finance & Trade Zone Development  Co. Ltd., Class B.		34,276		31,054
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		11,400		32,963
Shanghai Pharmaceuticals Holding Co. Ltd., Class H.		28,500		51,965
Shanghai Pudong Development Bank Co. Ltd., Class A		62,700		83,714
Shanghai RAAS Blood Products Co. Ltd., Class A		33,900		34,913
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A		5,700		8,554
Shanxi Coking Coal Energy Group Co. Ltd., Class A		15,300		19,178
Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A		52		88
Shanxi Meijin Energy Co. Ltd., Class A(a)		11,400		24,177
Shanxi Securities Co. Ltd., Class A		16,860		16,725
Shanxi Taigang Stainless Steel Co. Ltd., Class A		17,100		19,093
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		2,360		115,749
Shenergy Co. Ltd., Class A		22,800		22,081
Shenghe Resources Holding Co. Ltd., Class A		5,700		19,877
Shengyi Technology Co. Ltd., Class A		5,700		21,095
Shenwan Hongyuan Group Co. Ltd., Class A		51,394		40,732
Shenzhen Energy Group Co. Ltd., Class A		12,820		16,066
Shenzhen Inovance Technology Co. Ltd., Class A		5,797		59,941
Shenzhen International Holdings Ltd.		28,500		31,085
Shenzhen Kaifa Technology Co. Ltd., Class A		5,700		13,844
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		3,100		175,309
Shenzhen Overseas Chinese Town Co. Ltd., Class A		39,900		36,970
Shenzhen Transsion Holding Co. Ltd., Class A		1,079		28,351
Shenzhou International Group Holdings Ltd.		22,800		428,135
Shimao Group Holdings Ltd.		28,500		32,846
Sichuan Chuantou Energy Co. Ltd., Class A		5,705		10,233
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		11,400		33,963
Sichuan Road & Bridge Co. Ltd., Class A		5,620		10,593
Sinolink Securities Co. Ltd., Class A		5,700		9,492
Sinopec Shanghai Petrochemical Co. Ltd., Class A		22,800		16,450
Sinopharm Group Co. Ltd., Class H		45,600		99,099
Sinotruk Hong Kong Ltd.		28,500		42,176
Smoore International Holdings Ltd.(b)		57,000		339,795
Songcheng Performance Development Co. Ltd., Class A		11,380		23,546
SooChow Securities Co. Ltd., Class A		17,040		23,360
Southwest Securities Co. Ltd., Class A		34,200		26,034
Sun Art Retail Group Ltd.		57,000		23,051
Sunac China Holdings Ltd.		57,000		102,220
Sunac Services Holdings Ltd.(a)(b)		24,000		37,942
Sungrow Power Supply Co. Ltd., Class A		5,700		144,575
Suning.com Co. Ltd., Class A(a)		22,800		13,788
Sunny Optical Technology Group Co. Ltd.		22,900		689,766
Sunwoda Electronic Co. Ltd., Class A		5,700		47,407
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		5,700		21,386
TAL Education Group, ADR(a)		13,281		68,796
TBEA Co. Ltd., Class A		5,700		20,493

 4

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

Security	Shares		Value
China (continued)
TCL Technology Group Corp., Class A		51,300	$	49,409
Tencent Holdings Ltd.		182,400		10,637,396
Tencent Music Entertainment Group, ADR(a)		21,147		152,047
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A		11,400		80,804
Tianma Microelectronics Co. Ltd., Class A		28,500		55,992
Tianshui Huatian Technology Co. Ltd., Class A		22,800		49,391
Tingyi Cayman Islands Holding Corp.		64,000		123,642
Tongcheng-Elong Holdings Ltd.(a)		45,600		93,907
TongFu Microelectronics Co. Ltd., Class A		11,400		39,005
Tonghua Dongbao Pharmaceutical Co. Ltd., Class A		5,700		9,890
Tongling Nonferrous Metals Group Co. Ltd., Class A		34,200		18,438
Tongwei Co. Ltd., Class A		11,495		80,992
Topsports International Holdings Ltd.(b)		57,000		66,278
Transfar Zhilian Co. Ltd., Class A		17,100		24,443
TravelSky Technology Ltd., Class H		30,000		49,552
Trip.com Group Ltd., ADR(a)		15,732		432,630
Tsingtao Brewery Co. Ltd., Class H		16,000		129,335
Uni-President China Holdings Ltd.		57,000		55,923
Unisplendour Corp. Ltd., Class A		8,180		33,165
Venus MedTech Hangzhou Inc., Class H(a)(b)		8,500		42,447
Vipshop Holdings Ltd., ADR(a)		14,934		145,905
Vnet Group Inc., ADR(a)		2,166		21,054
Walvax Biotechnology Co. Ltd., Class A		5,700		61,434
Wanhua Chemical Group Co. Ltd., Class A		6,400		95,887
Want Want China Holdings Ltd.		114,000		96,229
Weibo Corp., ADR(a)		1,653		65,806
Weichai Power Co. Ltd., Class A		13,400		32,544
Weichai Power Co. Ltd., Class H		57,100		101,270
Weimob Inc.(a)(b)		57,000		68,476
Wens Foodstuffs Group Co. Ltd., Class A(a)		14,240		35,642
Western Securities Co. Ltd., Class A		34,200		41,956
Wharf Holdings Ltd. (The)		57,000		199,186
Will Semiconductor Co. Ltd. Shanghai, Class A		2,500		107,346
Wingtech Technology Co. Ltd., Class A		3,000		57,692
Winning Health Technology Group Co. Ltd., Class A		5,750		14,210
Wuhan Guide Infrared Co. Ltd., Class A		5,700		21,783
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd., Class A		5,700		21,067
Wuliangye Yibin Co. Ltd., Class A		9,200		315,259
WUS Printed Circuit Kunshan Co. Ltd., Class A		17,160		40,978
WuXi AppTec Co. Ltd., Class A		5,728		129,636
WuXi AppTec Co. Ltd., Class H(b)		11,487		254,496
Wuxi Biologics Cayman Inc., New(a)(b)		115,000		1,551,325
XCMG Construction Machinery Co. Ltd., Class A		39,400		36,671
Xiamen C & D Inc., Class A		28,500		36,091
Xiaomi Corp., Class B(a)(b)		456,000		1,134,278
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		11,453		32,968
Xinjiang Goldwind Science & Technology Co. Ltd., Class H		23,434		51,361
Xinyi Solar Holdings Ltd.		156,000		286,866
XPeng Inc., ADR(a)		12,141		667,755
Yadea Group Holdings Ltd.(b)		52,000		92,935
Yanzhou Coal Mining Co. Ltd., Class A		5,700		20,341
Yanzhou Coal Mining Co. Ltd., Class H		58,000		90,811
Yihai International Holding Ltd.		19,000		101,940
Yihai Kerry Arawana Holdings Co. Ltd., Class A		5,700		55,080
Yonghui Superstores Co. Ltd., Class A		22,893		13,946
Yonyou Network Technology Co. Ltd., Class A		10,230		52,289
Youngor Group Co. Ltd., Class A		5,700		5,855

Security	Shares		Value
China (continued)
Yum China Holdings Inc.		13,395	$	671,089
Yunda Holding Co. Ltd., Class A		7,830		24,385
Yunnan Baiyao Group Co. Ltd., Class A		5,720		79,421
Yutong Bus Co. Ltd., Class A		17,100		29,653
Zai Lab Ltd., ADR(a)		2,394		165,784
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		1,400		98,476
Zhejiang Century Huatong Group Co. Ltd., Class A(a)		11,400		13,125
Zhejiang Chint Electrics Co. Ltd., Class A		5,700		46,313
Zhejiang Dahua Technology Co. Ltd., Class A		11,400		43,871
Zhejiang Expressway Co. Ltd., Class H		114,000		107,451
Zhejiang Huayou Cobalt Co. Ltd., Class A		5,700		115,853
Zhejiang Juhua Co. Ltd., Class A		5,700		11,820
Zhejiang Longsheng Group Co. Ltd., Class A		22,800		44,801
Zhejiang NHU Co. Ltd., Class A		8,536		38,847
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A		13,530		49,547
Zheshang Securities Co. Ltd., Class A		11,400		22,251
ZhongAn Online P&C Insurance Co. Ltd., Class H(a)(b)(c)		17,100		58,279
Zhongjin Gold Corp. Ltd., Class A		22,800		29,904
Zhongsheng Group Holdings Ltd.		28,500		233,438
Zhongtai Securities Co. Ltd., NVS		11,400		18,622
Zhuzhou CRRC Times Electric Co. Ltd.		17,100		112,244
Zijin Mining Group Co. Ltd., Class A		17,100		27,459
Zijin Mining Group Co. Ltd., Class H		231,000		306,525
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		28,600		31,481
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H		45,600		29,873
ZTE Corp., Class A		5,700		27,507
ZTE Corp., Class H		22,848		61,986
ZTO Express Cayman Inc., ADR		13,623		430,623
				82,656,325
Cyprus — 0.1%
Ozon Holdings PLC, ADR(a)		1,881		76,662
Hong Kong — 0.3%
China Youzan Ltd.(a)		456,000		40,631
Hutchmed China Ltd., ADR(a)		2,622		88,781
Sino Biopharmaceutical Ltd.		302,000		220,775
Yuexiu Property Co. Ltd.		50,400		47,045
				397,232
India — 22.6%
ACC Ltd.		2,451		74,422
Adani Enterprises Ltd.		8,226		181,725
Adani Green Energy Ltd.(a)		12,719		218,898
Adani Ports & Special Economic Zone Ltd.		15,561		141,621
Adani Total Gas Ltd.		8,664		184,440
Adani Transmission Ltd.(a)		8,664		206,427
Ambuja Cements Ltd.		22,290		111,055
Apollo Hospitals Enterprise Ltd.		3,306		249,925
Asian Paints Ltd.		12,654		529,524
Aurobindo Pharma Ltd.		8,835		77,568
Avenue Supermarts Ltd.(a)(b)		5,130		321,256
Axis Bank Ltd.(a)		71,364		621,485
Bajaj Auto Ltd.		1,995		86,120
Bajaj Finance Ltd.		8,664		807,032
Bajaj Finserv Ltd.		1,254		287,735
Balkrishna Industries Ltd.		2,907		84,097
Bandhan Bank Ltd.(b)		20,634		74,649
Berger Paints India Ltd.		11,628		116,307

 5

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

Security	Shares		Value
India (continued)
Bharat Electronics Ltd.		39,403	$	106,851
Bharat Forge Ltd.		7,439		68,680
Bharat Petroleum Corp. Ltd.		24,681		121,404
Bharti Airtel Ltd.(a)		77,762		753,593
Biocon Ltd.(a)		17,400		83,510
Britannia Industries Ltd.		3,192		150,711
Cholamandalam Investment and Finance Co. Ltd.		13,267		97,095
Cipla Ltd.		14,250		184,091
Coal India Ltd.		36,433		73,626
Colgate-Palmolive India Ltd.		2,679		51,108
Container Corp. of India Ltd.		10,426		85,974
Dabur India Ltd.		16,644		131,759
Divi's Laboratories Ltd.		3,990		259,233
DLF Ltd.		28,443		141,673
Dr. Reddy's Laboratories Ltd.		3,477		216,740
Eicher Motors Ltd.		3,819		120,225
GAIL India Ltd.		48,735		84,161
Godrej Consumer Products Ltd.(a)		11,286		138,395
Godrej Properties Ltd.(a)		4,902		130,239
Grasim Industries Ltd.		8,094		179,239
Havells India Ltd.		8,265		149,202
HCL Technologies Ltd.		34,099		516,476
HDFC Asset Management Co. Ltd.(b)		1,539		51,419
HDFC Life Insurance Co. Ltd.(b)		26,847		243,275
Hero MotoCorp Ltd.		3,534		115,285
Hindalco Industries Ltd.		50,616		277,727
Hindustan Petroleum Corp. Ltd.		19,551		76,819
Hindustan Unilever Ltd.		25,707		793,223
Housing Development Finance Corp. Ltd.		54,435		1,937,500
ICICI Bank Ltd.		163,077		1,541,479
ICICI Lombard General Insurance Co. Ltd.(b)		7,011		133,982
ICICI Prudential Life Insurance Co. Ltd.(b)		10,830		85,413
Indian Oil Corp. Ltd.		57,000		89,931
Indian Railway Catering & Tourism Corp.		7,638		80,814
Indraprastha Gas Ltd.		12,476		80,460
Indus Towers Ltd.		22,287		84,333
Info Edge India Ltd.		2,508		193,762
Infosys Ltd.		107,901		2,454,315
InterGlobe Aviation Ltd.(a)(b)		2,964		75,118
ITC Ltd.		94,278		277,017
JSW Steel Ltd.		26,619		214,677
Jubilant Foodworks Ltd.		2,394		116,562
Kotak Mahindra Bank Ltd.		17,442		455,549
Larsen & Toubro Infotech Ltd.(b)		1,770		160,091
Larsen & Toubro Ltd.		21,147		497,152
Lupin Ltd.		6,840		80,467
Mahindra & Mahindra Ltd.		27,132		301,545
Marico Ltd.		12,768		91,507
Maruti Suzuki India Ltd.		4,332		407,801
Mindtree Ltd.		2,223		128,038
Motherson Sumi Systems Ltd.		41,040		114,550
Mphasis Ltd.		2,736		105,401
MRF Ltd.		81		80,367
Muthoot Finance Ltd.		4,275		81,098
Nestle India Ltd.		1,026		261,340
NTPC Ltd.		147,744		249,679
Oil & Natural Gas Corp. Ltd.		83,505		156,655
Page Industries Ltd.		171		87,393
Petronet LNG Ltd.		20,520		60,025
PI Industries Ltd.		2,736		104,314

Security	Shares		Value
India (continued)
Pidilite Industries Ltd.		5,643	$	165,669
Piramal Enterprises Ltd.		3,819		122,684
Power Grid Corp. of India Ltd.		97,968		269,332
Reliance Industries Ltd.		90,288		2,886,876
SBI Cards & Payment Services Ltd.(a)		7,626		96,193
SBI Life Insurance Co. Ltd.(b)		13,168		203,496
Shree Cement Ltd.		342		118,873
Shriram Transport Finance Co. Ltd.		6,270		117,477
Siemens Ltd.		3,047		87,191
SRF Ltd.		4,617		123,230
State Bank of India		56,088		343,121
Sun Pharmaceutical Industries Ltd.		25,656		257,217
Tata Consultancy Services Ltd.		29,184		1,371,567
Tata Consumer Products Ltd.		18,867		195,654
Tata Motors Ltd.(a)		52,841		322,690
Tata Power Co. Ltd. (The)		46,740		134,836
Tata Steel Ltd.		22,857		324,323
Tech Mahindra Ltd.		20,235		414,442
Titan Co. Ltd.		10,545		333,144
Torrent Pharmaceuticals Ltd.		2,052		82,972
Trent Ltd.		6,099		82,365
UltraTech Cement Ltd.		3,078		303,968
United Spirits Ltd.(a)		9,063		106,489
UPL Ltd.		18,069		164,145
Vedanta Ltd.		37,527		168,067
Wipro Ltd.		43,092		363,202
Yes Bank Ltd.(a)		454,720		74,745
Zomato Ltd.(a)		52,497		106,562
				29,904,884
Russia — 6.8%
Alrosa PJSC		83,790		145,661
Gazprom PJSC		380,194		1,706,028
Inter RAO UES PJSC		1,065,900		61,524
LUKOIL PJSC		13,167		1,160,077
Magnit PJSC, GDR(e)		10,659		164,324
Mail.Ru Group Ltd., GDR(a)(e)		4,446		75,171
MMC Norilsk Nickel PJSC		1,995		578,185
Mobile TeleSystems PJSC, ADR		11,343		90,857
Moscow Exchange MICEX-RTS PJSC		41,040		83,891
Novatek PJSC, GDR(e)		2,917		636,344
Novolipetsk Steel PJSC		47,310		137,783
PhosAgro PJSC, GDR(e)		4,421		97,527
Polymetal International PLC		11,400		213,349
Polyus PJSC		1,083		211,104
Rosneft Oil Co. PJSC		37,278		283,610
Sberbank of Russia PJSC		339,720		1,449,578
Severstal PAO		6,669		141,412
Surgutneftegas PJSC		216,610		107,372
Tatneft PJSC		44,650		285,615
TCS Group Holding PLC, GDR(e)		3,884		379,095
United Co. RUSAL International PJSC(a)		95,760		89,442
VTB Bank PJSC		120,330,001		77,292
X5 Retail Group NV, GDR(e)		3,192		89,634
Yandex NV, Class A(a)		9,690		700,837
				8,965,712
Total Common Stocks — 97.8%
(Cost: $128,113,908)				129,390,882

 6

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

Security	Shares		Value
Preferred Stocks
Brazil — 1.9%
Alpargatas SA, Preference Shares, NVS		5,700	$	39,633
Banco Bradesco SA, Preference Shares, NVS		153,729		544,437
Bradespar SA, Preference Shares, NVS		7,496		66,335
Braskem SA, Class A, Preference Shares, NVS(a)		7,980		71,044
Centrais Eletricas Brasileiras SA, Class B, Preference  Shares, NVS		4,065		23,174
Cia. Energetica de Minas Gerais, Preference  Shares, NVS		33,210		77,621
Gerdau SA, Preference Shares, NVS		37,563		172,386
Itau Unibanco Holding SA, Preference Shares, NVS		154,755		616,064
Itausa SA, Preference Shares, NVS		127,452		219,227
Petroleo Brasileiro SA, Preference Shares, NVS		149,568		782,978
				2,612,899
Russia — 0.1%
Surgutneftegas PJSC, Preference Shares, NVS		193,800		98,038
Total Preferred Stocks — 2.0%
(Cost: $2,271,613)				2,710,937
Rights
Cayman Islands — 0.0%
CIFI Holdings Group Co. Ltd. (Expires 12/20/21)(a)		5,700		183
Total Rights — 0.0%
(Cost: $0)				183

Security	Shares		Value
Short-Term Investments
Money Market Funds — 1.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(f)(g)(h)		1,714,468	$	1,715,154
Total Short-Term Investments — 1.3%
(Cost: $1,714,372)				1,715,154
Total Investments in Securities — 101.1%
(Cost: $132,099,893)				133,817,156
Other Assets, Less Liabilities — (1.1)%				(1,447,077	)
Net Assets — 100.0%			$	132,370,079

^(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) Affiliate of the Fund.

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

^(h) 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	$	2,056,503	$	—	$	(340,930	)(a)	$	(344		$	(75	)	$	1,715,154		1,714,468	$	6,898	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares(c)		520,000		—		(520,000	)(a)		—			—			—		—		20			—
								$	(344	)	$	(75	)	$	1,715,154			$	6,918		$	—

^(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.

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Schedule of Investments (unaudited) (continued)	iShares® MSCI BRIC 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 China Free Index		1	12/17/21	$	47	$	(2,360	)
MSCI Emerging Markets Index		3	12/17/21		182		(8,315	)
						$	(10,675	)

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	$	22,985,775		$	106,361,157		$	43,950	$	129,390,882
Preferred Stocks		2,612,899			98,038			—		2,710,937
Rights		—			183			—		183
Money Market Funds		1,715,154			—			—		1,715,154
	$	27,313,828		$	106,459,378		$	43,950	$	133,817,156
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	(8,315	)	$	(2,360	)	$	—	$	(10,675	)

^(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
GDR	Global Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company

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