Security	Shares		Value

Common Stocks

Banks — 14.6%
Nordea Bank Abp		3,390,519	$	40,153,799
Skandinaviska Enskilda Banken AB, Class A		1,699,264		24,710,572
Svenska Handelsbanken AB, Class A		1,528,253		16,168,868
Swedbank AB, Class A		948,547		19,098,787
				100,132,026

Building Products — 7.4%
Assa Abloy AB, Class B		1,049,167		29,397,268
Nibe Industrier AB, Class B		1,488,815		21,220,891
				50,618,159

Capital Markets — 2.6%
EQT AB		309,969		18,224,433

Commercial Services & Supplies — 0.7%
Securitas AB, Class B		327,385		4,730,155

Communications Equipment — 4.4%
Telefonaktiebolaget LM Ericsson, Class B		3,048,366		30,643,590

Construction & Engineering — 1.2%
Skanska AB, Class B		354,202		8,149,885

Diversified Financial Services — 11.6%
Industrivarden AB, Class A		141,546		4,202,151
Industrivarden AB, Class C		166,967		4,921,257
Investor AB		526,830		12,727,367
Investor AB, Class B		1,906,436		44,298,960
Kinnevik AB, Class B^(a)		256,663		9,150,873
L E Lundbergforetagen AB, Class B		79,460		4,358,131
				79,658,739

Diversified Telecommunication Services — 1.6%
Telia Co. AB		2,769,963		10,705,838

Electronic Equipment, Instruments & Components — 4.4%
Hexagon AB, Class B		2,071,664		30,127,516

Entertainment — 0.8%
Embracer Group AB^(a)		495,763		5,357,342

Food & Staples Retailing — 0.9%
ICA Gruppen AB		105,766		6,264,660

Health Care Equipment & Supplies — 1.5%
Getinge AB, Class B		242,436		10,189,008

Hotels, Restaurants & Leisure — 2.7%
Evolution AB^(b)		179,954		18,894,741

Household Durables — 0.8%
Electrolux AB, Class B		235,815		5,294,528

Household Products — 3.0%
Essity AB, Class B		637,393		20,353,271

Industrial Conglomerates — 1.8%
Investment AB Latour, Class B		154,794		5,834,638
Lifco AB, Class B		247,453		6,732,873
				12,567,511

Machinery — 26.7%
Alfa Laval AB		329,776		12,724,553

Security	Shares		Value

Machinery (continued)
Atlas Copco AB, Class A	708,299	$	43,332,916
Atlas Copco AB, Class B	408,663		21,225,778
Epiroc AB, Class A	690,492		16,716,610
Epiroc AB, Class B	407,737		8,199,161
Husqvarna AB, Class B	435,048		6,124,839
Sandvik AB	1,181,771		29,177,012
SKF AB, Class B	401,130		9,156,449
Volvo AB, Class A	209,363		4,573,966
Volvo AB, Class B	1,493,201		32,147,992
			183,379,276

Metals & Mining — 1.4%
Boliden AB	284,906		9,821,576

Oil, Gas & Consumable Fuels — 1.1%
Lundin Energy AB	210,276		7,431,032

Paper & Forest Products — 1.5%
Svenska Cellulosa AB SCA, Class B	635,732		10,340,493

Real Estate Management & Development — 2.1%
Fastighets AB Balder, Class B^(a)	109,489		8,178,501
Sagax AB, Class B	169,276		6,631,721
			14,810,222

Software — 1.0%
Sinch AB^(a)(b)	546,298		7,264,347

Specialty Retail — 1.9%
H & M Hennes & Mauritz AB, Class B	761,641		13,425,860

Tobacco — 1.7%
Swedish Match AB	1,647,014		12,016,372

Wireless Telecommunication Services — 1.1%
Tele2 AB, Class B	521,014		7,435,202

Total Common Stocks — 98.5%
(Cost: $655,188,836)			677,835,782

Short-Term Investments

Money Market Funds — 0.1%
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%^(c)(d)	320,000		320,000

Total Short-Term Investments — 0.1%
(Cost: $320,000)			320,000

Total Investments in Securities — 98.6%
(Cost: $655,508,836)			678,155,782

Other Assets, Less Liabilities — 1.4%			9,679,757

Net Assets — 100.0%		$	687,835,539

^(a)

Non-income producing security.

^(b)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c)

Affiliate of the Fund.

^(d)

Annualized 7-day yield as of period end.

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:

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:

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.

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

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: Treasury, SL Agency Shares		$	260,000			$	60,000	^(a)		$	—			$	—			$	—			$	320,000				320,000			$	3			$	—

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
OMXS30 Index		383	12/17/21	$	9,483	$	(622,050	)

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	3,219,727	EUR	2,760,670	SCB	12/17/21	$	87,127
USD	9,420,460	SEK	81,133,258	SCB	12/17/21		416,235
							503,362
EUR	1,741,396	USD	2,027,774	SCB	12/17/21		(51,769	)
SEK	15,599,458	USD	1,771,760	SCB	12/17/21		(40,521	)
							(92,290	)
	Net unrealized appreciation					$	411,072

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

	Level 1		Level 2			Level 3		Total
Investments
Assets
Common Stocks	$	18,992,027	$	658,843,755		$	—	$	677,835,782
Money Market Funds		320,000		—			—		320,000
	$	19,312,027	$	658,843,755		$	—	$	678,155,782
Derivative financial instruments^(a)
Assets
Forward Foreign Currency Exchange Contracts	$	—	$	503,362		$	—	$	503,362
Liabilities
Forward Foreign Currency Exchange Contracts		—		(92,290	)		—		(92,290	)
Futures Contracts		—		(622,050	)		—		(622,050	)
	$	—	$	(210,978	)	$	—	$	(210,978	)