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

Security	Shares		Value
Common Stocks
Banks — 12.1%
Banco de Bogota SA		6,106	$	92,189
Bancolombia SA		268,264		3,224,861
Grupo Aval Acciones y Valores SA		356,060		78,673
Grupo Bolivar SA		40,091		936,449
				4,332,172
Building Products — 2.7%
Tecnoglass Inc.		45,337		972,932
Capital Markets — 1.2%
Bolsa de Valores de Colombia		158,472		421,611
Construction Materials — 3.2%
Cementos Argos SA		258,517		377,147
Grupo Argos SA		215,777		774,966
				1,152,113
Diversified Financial Services — 4.0%
Corp. Financiera Colombiana SA(a)		61,626		418,469
Grupo de Inversiones Suramericana SA		86,097		1,017,406
				1,435,875
Electric Utilities — 12.3%
Celsia SA ESP		116,169		135,582
Enel Americas SA		7,252,682		785,114
Interconexion Electrica SA ESP		551,592		3,479,272
				4,399,968
Food & Staples Retailing — 2.1%
Cia Brasileira de Distribuicao		5,841		24,863
Cia Brasileira de Distribuicao(b)		167,963		725,600
				750,463
Food Products — 3.8%
Grupo Nutresa SA		137,270		1,347,212
Gas Utilities — 4.5%
Grupo Energia Bogota SA ESP		2,367,565		1,519,763
Promigas SA ESP		57,700		106,906
				1,626,669
Independent Power and Renewable Electricity Producers — 2.1%
Brookfield Renewable Corp., Class A		21,157		762,077
Metals & Mining — 1.2%
Mineros SA		543,471		418,487
Oil, Gas & Consumable Fuels — 21.8%
Canacol Energy Ltd.		394,974		952,422
Ecopetrol SA		6,181,349		5,115,599
Empresas COPEC SA		111,836		887,921
Parex Resources Inc.		39,397		872,444
				7,828,386
Specialty Retail — 1.2%
Organizacion Terpel SA		179,522		446,662
Wireless Telecommunication Services — 1.2%
Millicom International Cellular SA, SDR(a)		26,969		448,850
Total Common Stocks — 73.4%
(Cost: $20,500,305)				26,343,477

Security	Shares		Value
Preferred Stocks
Banks — 22.9%
Banco Davivienda SA, Preference Shares, NVS		175,660	$	1,703,017
Bancolombia SA, Preference Shares, NVS		517,279		5,803,953
Grupo Aval Acciones y Valores SA, Preference Shares, NVS		3,160,564		708,402
				8,215,372
Construction Materials — 0.7%
Cementos Argos SA, Preference Shares, NVS		98,494		96,534
Grupo Argos SA/Colombia, Preference Shares, NVS		56,343		137,495
				234,029
Diversified Financial Services — 1.4%
Corp. Financiera Colombiana SA, Preference Shares, NVS(a)		16,875		89,702
Grupo de Inversiones Suramericana SA, Preference Shares, NVS		71,672		423,948
				513,650
Total Preferred Stocks — 25.0%
(Cost: $6,426,642)				8,963,051
Rights
Wireless Telecommunication Services — 0.3%
Millicom International Cellular SA, (Expires 06/13/22)(a)		27,120		109,886
Total Rights — 0.3%
(Cost: $218,317)				109,886
Short-Term Securities
Money Market Funds — 1.4%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.87%(c)(d)(e)		398,668		398,668
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.72%(c)(d)		90,000		90,000
				488,668
Total Short-Term Securities — 1.4%
(Cost: $488,520)				488,668
Total Investments in Securities — 100.1%
(Cost: $27,633,784)				35,905,082
Liabilities in Excess of Other Assets — (0.1)%				(22,514	)
Net Assets — 100.0%			$	35,882,568

^(a) Non-income producing security.

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

^(c) Affiliate of the Fund.

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

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

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

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	$	—	$	399,150	(a)	$	—	$	(630	)	$	148	$	398,668		398,668	$	6,710	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		10,000		80,000	(a)		—		—			—		90,000		90,000		80			—
								$	(630	)	$	148	$	488,668			$	6,790		$	—

^(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
MSCI Emerging Markets Index		2	06/17/22	$	106	$	(386	)

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.

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

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	$	25,894,627		$	448,850	$	—	$	26,343,477
Preferred Stocks		8,963,051			—		—		8,963,051
Rights		109,886			—		—		109,886
Money Market Funds		488,668			—		—		488,668
	$	35,456,232		$	448,850	$	—	$	35,905,082
Derivative financial instruments(a)
Liabilities
Futures Contracts	$	(386	)	$	—	$	—	$	(386	)

^(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
SDR	Swedish Depositary Receipt

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