Schedule of Investments (unaudited)	iShares® MSCI Netherlands ETF
May 31, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Air Freight & Logistics — 0.5%
PostNL NV		500,523	$	1,703,142
Banks — 7.9%
ABN AMRO Bank NV, CVA(a)		289,774		3,383,497
ING Groep NV		2,097,767		23,720,823
Van Lanschot Kempen NV		55,482		1,457,387
				28,561,707
Beverages — 6.6%
Coca-Cola Europacific Partners PLC		124,892		6,635,512
Heineken Holding NV		54,036		4,274,566
Heineken NV		130,160		13,087,987
				23,998,065
Biotechnology — 0.3%
Pharming Group NV(b)(c)		1,255,077		1,032,627
Capital Markets — 0.4%
Flow Traders(a)		42,674		1,339,083
Chemicals — 8.4%
Akzo Nobel NV		107,018		9,315,065
Corbion NV		50,216		1,813,074
Koninklijke DSM NV		96,837		16,307,461
OCI NV(b)		84,121		2,953,779
				30,389,379
Construction & Engineering — 1.9%
Arcadis NV		60,522		2,397,462
Boskalis Westminster		73,746		2,568,800
Ebusco Holding NV, NVS(b)		30,754		781,818
Koninklijke BAM Groep NV(b)		407,959		1,168,994
				6,917,074
Distributors — 0.1%
B&S Group Sarl(a)		62,407		376,437
Diversified Financial Services — 0.0%
SNS Real NV, NVS(c)(d)		63,320		1
Diversified Telecommunication Services — 2.1%
Koninklijke KPN NV		2,039,687		7,424,404
Electric Utilities — 0.1%
Fastned BV(b)(c)		9,004		291,248
Electrical Equipment — 2.1%
Alfen Beheer BV(a)(b)		21,171		2,281,735
Signify NV(a)		85,617		3,413,837
TKH Group NV		38,285		1,861,795
				7,557,367
Energy Equipment & Services — 0.6%
SBM Offshore NV		140,070		2,269,943
Entertainment — 2.5%
Universal Music Group NV		412,264		9,216,646
Equity Real Estate Investment Trusts (REITs) — 1.3%
Eurocommercial Properties NV		60,558		1,551,798
NSI NV		35,210		1,444,352
Vastned Retail NV		22,741		586,491
Wereldhave NV		68,177		1,141,391
				4,724,032

Security	Shares		Value
Food & Staples Retailing — 4.7%
Koninklijke Ahold Delhaize NV		574,408	$	15,839,484
Sligro Food Group NV(b)		46,940		1,002,533
				16,842,017
Food Products — 0.6%
JDE Peet's NV		73,782		2,159,114
Health Care Equipment & Supplies — 3.5%
Koninklijke Philips NV		492,879		12,704,764
Hotels, Restaurants & Leisure — 0.5%
Basic-Fit NV(a)(b)(c)		47,088		1,974,110
Household Durables — 0.3%
TomTom NV(b)(c)		132,023		1,089,070
Insurance — 5.1%
Aegon NV		1,112,785		5,924,517
ASR Nederland NV		92,989		4,234,028
NN Group NV		164,018		8,128,991
				18,287,536
Internet & Direct Marketing Retail — 7.4%
Just Eat Takeaway.com NV(a)(b)		125,670		2,796,730
Prosus NV(b)		465,667		24,074,702
				26,871,432
IT Services — 4.6%
Adyen NV(a)(b)		10,808		16,737,974
Leisure Products — 0.4%
Accell Group NV(b)		28,817		1,600,044
Machinery — 0.9%
Aalberts NV		68,176		3,377,976
Metals & Mining — 0.4%
AMG Advanced Metallurgical Group NV		41,403		1,519,745
Oil, Gas & Consumable Fuels — 1.2%
Fugro NV(b)		170,972		2,554,403
Koninklijke Vopak NV		61,228		1,753,634
				4,308,037
Professional Services — 5.9%
Brunel International NV		42,851		500,565
Intertrust NV(a)(b)		93,196		1,936,979
Randstad NV		76,137		4,283,773
Wolters Kluwer NV		146,942		14,498,985
				21,220,302
Semiconductors & Semiconductor Equipment — 25.9%
ASM International NV		27,497		8,525,766
ASML Holding NV		143,330		82,479,967
BE Semiconductor Industries NV		48,367		2,957,495
				93,963,228
Software — 0.1%
CM.Com NV(b)(c)		27,440		454,184
Trading Companies & Distributors — 2.7%
AerCap Holdings NV(b)(c)		85,482		4,226,230
IMCD NV		35,889		5,367,266
				9,593,496

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Netherlands ETF
May 31, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Transportation Infrastructure — 0.4%
InPost SA(b)		211,592	$	1,444,196
Total Common Stocks — 99.4%
(Cost: $418,763,244)				359,948,380
Short-Term Securities
Money Market Funds — 1.2%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.87%(e)(f)(g)		4,016,273		4,016,273
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.72%(e)(f)		270,000		270,000
				4,286,273
Total Short-Term Securities — 1.2%
(Cost: $4,285,657)				4,286,273
Total Investments in Securities — 100.6%
(Cost: $423,048,901)				364,234,653
Liabilities in Excess of Other Assets — (0.6)%				(2,083,185	)
Net Assets — 100.0%			$	362,151,468

^(a) 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.

^(b) Non-income producing security.

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

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

^(e) Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2022 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 Sale		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 05/31/22		Shares Held at 05/31/22		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	3,087,917	$	931,349	(a)	$	—	$	(3,207	)	$	214	$	4,016,273		4,016,273	$	71,430	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		120,000		150,000	(a)		—		—			—		270,000		270,000		207			—
								$	(3,207	)	$	214	$	4,286,273			$	71,637		$	—

^(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		52	06/17/22	$	2,116	$	84,719

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;

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Netherlands ETF
May 31, 2022

Fair Value Measurements (continued)

• 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	$	13,580,539	$	346,367,840	$	1	$	359,948,380
Money Market Funds		4,286,273		—		—		4,286,273
	$	17,866,812	$	346,367,840	$	1	$	364,234,653
Derivative financial instruments(a)
Assets
Futures Contracts	$	—	$	84,719	$	—	$	84,719

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

Portfolio Abbreviations - Equity

NVS Non-Voting Shares

3