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

Security	Shares		Value
Common Stocks
Airlines — 0.3%
China Airlines Ltd.(a)		8,022,000	$	7,489,964
Eva Airways Corp.(a)		6,483,000		7,616,548
				15,106,512
Auto Components — 0.4%
Cheng Shin Rubber Industry Co. Ltd.(b)		18,972,670		23,155,628
Banks — 11.5%
Chang Hwa Commercial Bank Ltd.		50,481,840		31,419,341
CTBC Financial Holding Co. Ltd.		111,332,325		103,386,546
E.Sun Financial Holding Co. Ltd.		78,339,789		82,098,212
First Financial Holding Co. Ltd.		71,889,123		67,441,204
Hua Nan Financial Holdings Co. Ltd.		69,838,924		56,967,438
Mega Financial Holding Co. Ltd.		69,501,271		92,331,571
Shanghai Commercial & Savings Bank Ltd. (The)		26,611,306		46,175,542
SinoPac Financial Holdings Co. Ltd.		87,973,724		54,740,012
Taishin Financial Holding Co. Ltd.		87,331,978		53,702,312
Taiwan Cooperative Financial Holding Co. Ltd.		70,804,460		68,320,771
				656,582,949
Chemicals — 4.3%
Formosa Chemicals & Fibre Corp.(b)		22,668,610		63,853,764
Formosa Plastics Corp.		24,859,518		89,648,959
Nan Ya Plastics Corp.		31,794,938		93,002,932
				246,505,655
Communications Equipment — 0.6%
Accton Technology Corp.(b)		4,046,000		32,018,530
Construction Materials — 1.4%
Asia Cement Corp.		20,876,136		31,830,767
Taiwan Cement Corp.(b)		34,428,646		50,434,569
				82,265,336
Diversified Financial Services — 2.3%
Chailease Holding Co. Ltd.		9,396,017		72,298,272
Yuanta Financial Holding Co. Ltd.(b)		68,037,657		56,792,484
				129,090,756
Diversified Telecommunication Services — 1.7%
Chunghwa Telecom Co. Ltd.		22,864,648		99,372,140
Electrical Equipment — 0.5%
Voltronic Power Technology Corp.		439,000		22,186,802
Walsin Lihwa Corp.		5,388,000		8,743,318
Ya Hsin Industrial Co. Ltd.(c)		6,845,461		2
				30,930,122
Electronic Equipment, Instruments & Components — 13.4%
AU Optronics Corp.(b)		65,308,830		40,108,734
Delta Electronics Inc.(b)		12,205,180		100,426,641
E Ink Holdings Inc.		6,050,000		42,077,710
Hon Hai Precision Industry Co. Ltd.		69,630,296		269,978,875
Innolux Corp.(b)		69,600,873		33,190,725
Largan Precision Co. Ltd.(b)		582,794		33,353,565
Nan Ya Printed Circuit Board Corp.(b)		2,808,000		37,627,714
Pacific Electric Wire & Cable Co. Ltd.(c)		197		—
Synnex Technology International Corp.(b)		15,548,364		37,410,516
Unimicron Technology Corp.(b)		9,939,000		72,948,428
WPG Holdings Ltd.(b)		19,148,604		34,727,602
Yageo Corp.(b)		3,122,125		43,184,870
Zhen Ding Technology Holding Ltd.(b)		6,089,072		25,175,434
				770,210,814

Security	Shares		Value
Food & Staples Retailing — 0.7%
President Chain Store Corp.(b)		4,427,215	$	41,899,653
Food Products — 1.2%
Uni-President Enterprises Corp.		30,429,189		70,410,366
Household Durables — 0.4%
Nien Made Enterprise Co. Ltd.(b)		1,935,000		20,921,560
Industrial Conglomerates — 0.6%
Far Eastern New Century Corp.		30,246,843		31,690,458
Insurance — 5.3%
Cathay Financial Holding Co. Ltd.(b)		50,615,315		96,544,147
China Development Financial Holding Corp.(b)		124,666,587		69,125,799
Fubon Financial Holding Co. Ltd.(b)		46,979,689		103,015,648
Shin Kong Financial Holding Co. Ltd.		112,567,273		35,758,727
				304,444,321
Internet & Direct Marketing Retail — 0.2%
momo.com Inc.		389,000		11,102,451
Leisure Products — 0.5%
Giant Manufacturing Co. Ltd.(b)		2,956,590		26,663,669
Machinery — 0.6%
Airtac International Group(b)		1,116,826		36,353,448
Marine — 2.6%
Evergreen Marine Corp. Taiwan Ltd.(b)		17,811,533		85,310,294
Wan Hai Lines Ltd.(b)		3,894,200		20,843,966
Yang Ming Marine Transport Corp.(a)(b)		9,880,000		41,957,993
				148,112,253
Metals & Mining — 1.6%
China Steel Corp.(b)		76,399,977		90,816,630
Oil, Gas & Consumable Fuels — 0.6%
Formosa Petrochemical Corp.(b)		10,261,950		34,127,255
Real Estate Management & Development — 0.7%
Ruentex Development Co. Ltd.(b)		15,834,459		41,839,012
Semiconductors & Semiconductor Equipment — 37.3%
ASE Technology Holding Co. Ltd.(b)		21,225,432		75,569,854
ASMedia Technology Inc.(b)		361,000		16,797,148
eMemory Technology Inc.		425,000		22,309,712
Globalwafers Co. Ltd.(b)		1,864,000		39,994,687
MediaTek Inc.		8,582,175		265,370,545
Nanya Technology Corp.(b)		11,560,000		26,382,244
Novatek Microelectronics Corp.(b)		4,058,544		56,220,057
Powerchip Semiconductor Manufacturing Corp.		4,272,000		8,507,204
Realtek Semiconductor Corp.(b)		3,367,063		51,103,951
Silergy Corp.(b)		596,000		61,249,992
Taiwan Semiconductor Manufacturing Co. Ltd.		68,865,882		1,302,317,534
United Microelectronics Corp.(b)		71,444,501		125,893,243
Vanguard International Semiconductor Corp.(b)		8,141,000		29,861,222
Win Semiconductors Corp.(b)		2,766,000		21,358,066
Winbond Electronics Corp.(b)		32,174,000		32,118,775
				2,135,054,234
Specialty Retail — 0.8%
Hotai Motor Co. Ltd.(b)		2,190,000		47,389,324
Technology Hardware, Storage & Peripherals — 7.0%
Acer Inc.(b)		30,336,737		30,215,907
Advantech Co. Ltd.(b)		3,261,827		40,253,643

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

Security	Shares		Value
Technology Hardware, Storage & Peripherals (continued)
Asustek Computer Inc.(b)		5,045,857	$	59,076,936
Catcher Technology Co. Ltd.(b)		5,341,743		30,065,863
Compal Electronics Inc.(b)		38,001,554		30,016,450
Inventec Corp.(b)		30,778,868		27,212,459
Lite-On Technology Corp.		17,781,071		38,466,596
Micro-Star International Co. Ltd.(b)		6,286,000		28,982,319
Pegatron Corp.		15,240,037		36,369,975
Quanta Computer Inc.(b)		18,829,240		51,380,980
Wiwynn Corp.(b)		996,000		31,378,286
				403,419,414
Textiles, Apparel & Luxury Goods — 1.5%
Eclat Textile Co. Ltd.(b)		1,877,601		31,938,210
Feng TAY Enterprise Co. Ltd.		4,277,747		27,706,072
Pou Chen Corp.		26,406,103		28,339,489
				87,983,771
Transportation Infrastructure — 0.4%
Taiwan High Speed Rail Corp.(b)		24,199,000		23,025,002
Wireless Telecommunication Services — 1.5%
Far EasTone Telecommunications Co. Ltd.(b)		14,183,259		38,828,668
Taiwan Mobile Co. Ltd.		11,930,609		44,333,388
				83,162,056
Total Common Stocks — 99.9%
(Cost: $2,344,620,569)				5,723,653,319

Security	Shares		Value
Short-Term Securities
Money Market Funds — 10.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.87%(d)(e)(f)		612,202,659	$	612,202,659
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.72%(d)(e)		2,680,000		2,680,000
				614,882,659
Total Short-Term Securities — 10.7%
(Cost: $614,841,945)				614,882,659
Total Investments in Securities — 110.6%
(Cost: $2,959,462,514)				6,338,535,978
Liabilities in Excess of Other Assets — (10.6)%				(608,850,341	)
Net Assets — 100.0%			$	5,729,685,637

^(a) Non-income producing security.

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

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

^(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.

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	$	836,443,148	$	—	$	(223,971,390	)(a)	$	(250,580	)	$	(18,519	)	$	612,202,659	612,202,659	$	10,212,874	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		46,300,000		—		(43,620,000	)(a)		—			—			2,680,000	2,680,000		2,755			—
								$	(250,580	)	$	(18,519	)	$	614,882,659		$	10,215,629		$	—

^(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
FTSE Taiwan Index		170	06/29/22	$	9,860	$	136,488

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

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	$	8,507,204	$	5,715,146,113	$	2	$	5,723,653,319
Money Market Funds		614,882,659		—		—		614,882,659
	$	623,389,863	$	5,715,146,113	$	2	$	6,338,535,978
Derivative financial instruments(a)
Assets
Futures Contracts	$	—	$	136,488	$	—	$	136,488

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

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