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

Security	Shares		Value
Common Stocks
Aerospace & Defense — 1.8%
Elbit Systems Ltd.		23,032	$	3,358,629
Banks — 19.0%
Bank Hapoalim BM		986,475		9,590,249
Bank Leumi Le-Israel BM		1,261,676		12,140,619
FIBI Holdings Ltd.		15,393		686,240
First International Bank Of Israel Ltd. (The)		47,919		1,908,632
Israel Discount Bank Ltd., Class A(a)		1,010,818		6,176,921
Mizrahi Tefahot Bank Ltd.		122,061		4,488,333
				34,990,994
Biotechnology — 0.1%
UroGen Pharma Ltd.(a)(b)		17,893		216,326
Building Products — 0.1%
Caesarstone Ltd.		20,845		232,839
Capital Markets — 0.3%
Altshuler Shaham Provident Funds & Pension Ltd.		49,866		278,292
Electreon Wireless Ltd.(a)		3,897		250,620
				528,912
Chemicals — 3.6%
ICL Group Ltd.		613,327		5,329,732
Israel Corp. Ltd. (The)(a)		3,342		1,271,410
				6,601,142
Communications Equipment — 1.3%
AudioCodes Ltd.		22,737		786,612
Gilat Satellite Networks Ltd.		27,419		187,966
Ituran Location and Control Ltd.		16,309		429,416
Radware Ltd.(a)		35,588		1,030,984
				2,434,978
Construction & Engineering — 2.7%
Ashtrom Group Ltd.		35,082		852,290
Elco Ltd.		8,308		590,482
Electra Ltd./Israel		1,814		1,188,541
Shapir Engineering and Industry Ltd.		124,025		1,056,603
Shikun & Binui Ltd.(a)		205,357		1,273,544
				4,961,460
Consumer Finance — 0.4%
Isracard Ltd.		173,677		760,329
Distributors — 0.2%
Tadiran Group Ltd.		2,606		350,308
Diversified Telecommunication Services — 1.4%
Bezeq The Israeli Telecommunication Corp. Ltd.(a)		1,801,133		2,555,989
Electronic Equipment, Instruments & Components — 0.1%
Nayax Ltd.(a)		70,987		270,259
Equity Real Estate Investment Trusts (REITs) — 0.6%
REIT 1 Ltd.(b)		155,409		1,071,271
Food & Staples Retailing — 1.5%
M Yochananof & Sons Ltd.		4,377		322,041
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		7,776		604,110
Shufersal Ltd.		230,406		1,864,545
				2,790,696
Food Products — 0.7%
Mehadrin Ltd.(a)		0		33

Security	Shares		Value
Food Products (continued)
Strauss Group Ltd.		45,399	$	1,329,152
				1,329,185
Health Care Equipment & Supplies — 2.2%
Inmode Ltd.(a)(b)		43,114		3,276,664
Nano-X Imaging Ltd.(a)(b)		29,077		599,859
Sisram Medical Ltd.(c)		121,200		190,861
				4,067,384
Hotels, Restaurants & Leisure — 0.5%
Fattal Holdings 1998 Ltd.(a)		5,371		570,403
NEOGAMES SA(a)		8,824		294,016
				864,419
Household Durables — 1.0%
Azorim-Investment Development & Construction Co. Ltd.(a)		73,202		381,197
Electra Consumer Products 1970 Ltd.		9,548		481,849
Maytronics Ltd.		37,934		961,035
				1,824,081
Independent Power and Renewable Electricity Producers — 2.7%
Doral Group Renewable Energy Resources Ltd.(a)(b)		51,658		230,989
Energix-Renewable Energies Ltd.		190,390		816,025
Enlight Renewable Energy Ltd.(a)		798,145		2,095,202
Kenon Holdings Ltd./Singapore		21,055		965,841
OPC Energy Ltd.(a)(b)		78,936		815,917
				4,923,974
Industrial Conglomerates — 0.2%
Arad Investment & Industrial Development Ltd.		2,813		378,724
Insurance — 2.9%
Clal Insurance Enterprises Holdings Ltd.(a)		52,868		1,313,092
Harel Insurance Investments & Financial Services Ltd.		102,315		1,077,549
IDI Insurance Co. Ltd.		6,992		255,221
Menora Mivtachim Holdings Ltd.		21,978		508,089
Migdal Insurance & Financial Holdings Ltd.		320,320		502,823
Phoenix Holdings Ltd. (The)		131,514		1,629,103
				5,285,877
Interactive Media & Services — 0.2%
Taboola.com Ltd.(a)		49,546		389,432
Internet & Direct Marketing Retail — 2.0%
Fiverr International Ltd.(a)(b)		25,389		3,595,590
IT Services — 5.5%
Formula Systems 1985 Ltd.		7,969		943,067
Malam - Team Ltd.		6,591		218,631
Matrix IT Ltd.		29,896		856,630
One Software Technologies Ltd.		34,157		593,849
Wix.com Ltd.(a)(b)		48,654		7,434,331
				10,046,508
Life Sciences Tools & Services — 0.2%
Compugen Ltd.(a)(b)		72,561		320,720
Machinery — 3.4%
Kornit Digital Ltd.(a)		40,187		6,225,368
Marine — 1.1%
ZIM Integrated Shipping Services Ltd.		34,953		1,932,202
Media — 0.3%
Perion Network Ltd.(a)		26,457		639,528

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

Security	Shares		Value
Oil, Gas & Consumable Fuels — 1.5%
Delek Group Ltd.(a)		7,713	$	632,397
Equital Ltd.(a)		17,353		599,659
Naphtha Israel Petroleum Corp. Ltd.(a)(b)		29,269		184,691
Oil Refineries Ltd.(a)		1,531,089		392,325
Paz Oil Co. Ltd.(a)		8,286		1,022,909
				2,831,981
Pharmaceuticals — 4.5%
Taro Pharmaceutical Industries Ltd.(a)		8,195		436,302
Teva Pharmaceutical Industries Ltd., ADR(a)		957,297		7,897,700
				8,334,002
Professional Services — 0.5%
Danel Adir Yeoshua Ltd.		4,454		963,628
Real Estate Management & Development — 10.8%
AFI Properties Ltd.		9,407		545,795
Airport City Ltd.(a)		59,457		1,238,597
Alony Hetz Properties & Investments Ltd.		128,204		2,191,471
Amot Investments Ltd.		178,924		1,380,756
Azrieli Group Ltd.		36,854		3,357,418
Big Shopping Centers Ltd.		9,173		1,408,601
Blue Square Real Estate Ltd.		4,527		407,896
Brack Capital Properties NV(a)		0		28
Electra Real Estate Ltd.		19,766		370,618
Gav-Yam Lands Corp. Ltd.		121,064		1,416,878
Gazit-Globe Ltd.		59,306		444,754
Israel Canada T.R Ltd.(b)		98,079		518,064
Isras Investment Co. Ltd.		1,399		339,579
Mega Or Holdings Ltd.		20,524		880,152
Melisron Ltd.(a)		18,545		1,616,237
Mivne Real Estate KD Ltd.		520,459		2,082,469
Prashkovsky Investments and Construction Ltd.		6,253		216,641
Property & Building Corp. Ltd.(a)		2,562		351,370
Summit Real Estate Holdings Ltd.(a)		32,060		622,956
YH Dimri Construction & Development Ltd.		6,498		549,343
				19,939,623
Semiconductors & Semiconductor Equipment — 4.1%
Camtek Ltd./Israel(a)		24,674		1,161,530
Nova Ltd.(a)		24,624		3,195,667
Tower Semiconductor Ltd.(a)		89,063		3,117,992
				7,475,189
Software — 19.5%
Cellebrite DI Ltd., NVS		32,507		253,555
Check Point Software Technologies Ltd.(a)		92,256		10,269,015
Cognyte Software Ltd.(a)(b)		57,308		1,167,364
CyberArk Software Ltd.(a)		34,527		5,967,992
Hilan Ltd.		12,724		761,189
Magic Software Enterprises Ltd.		23,420		504,182
Nice Ltd.(a)		54,814		15,922,903

Security	Shares		Value
Software (continued)
Riskified Ltd.(a)		16,790	$	159,337
Sapiens International Corp. NV		26,116		936,272
				35,941,809
Specialty Retail — 1.1%
Arko Corp.(a)		1		6
Delek Automotive Systems Ltd.		44,546		622,011
Fox Wizel Ltd.		6,498		1,112,074
Retailors Ltd., NVS		10,517		329,629
				2,063,720
Technology Hardware, Storage & Peripherals — 0.6%
Nano Dimension Ltd., ADR(a)(b)		222,732		1,066,886
Textiles, Apparel & Luxury Goods — 0.3%
Delta-Galil Industries Ltd.(b)		7,766		477,515
Wireless Telecommunication Services — 0.6%
Cellcom Israel Ltd.(a)(b)		77,942		330,006
Partner Communications Co. Ltd.(a)(b)		119,816		751,598
				1,081,604
Total Common Stocks — 99.5%
(Cost: $165,669,481)				183,123,081
Short-Term Investments
Money Market Funds — 8.9%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.06%(d)(e)(f)		16,193,880		16,200,358
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e)		100,000		100,000
				16,300,358
Total Short-Term Investments — 8.9%
(Cost: $16,299,776)				16,300,358
Total Investments in Securities — 108.4%
(Cost: $181,969,257)				199,423,439
Other Assets, Less Liabilities — (8.4)%				(15,486,458	)
Net Assets — 100.0%			$	183,936,981

^(a) Non-income producing security.

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

^(c) 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.

^(d) Affiliate of the Fund.

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

^(f) All or a portion of this security was purchased with the cash collateral from loaned securities.

2

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

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	$	23,201,200	$	—		$	(6,999,574	)(a)	$	(1,064	)	$	(204	)	$	16,200,358		16,193,880	$	26,551	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		90,000		10,000	(a)		—			—			—			100,000		100,000		2			—
									$	(1,064	)	$	(204	)	$	16,300,358			$	26,553		$	—

^(a) Represents net amount purchased (sold).

^(b) All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
Euro STOXX 50 Index		18	12/17/21	$	830	$	(14,867	)

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.

3

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

Fair Value Measurements (continued)

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	$	55,034,071	$	128,089,010		$	—	$	183,123,081
Money Market Funds		16,300,358		—			—		16,300,358
	$	71,334,429	$	128,089,010		$	—	$	199,423,439
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	—	$	(14,867	)	$	—	$	(14,867	)

^(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
NVS	Non-Voting Shares
REIT	Real Estate Investment Trust

4