| Schedule of Investments (unaudited) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Brazil — 5.8% | ||||||||
| Ambev SA | 3,119,399 | $ | 9,569,760 | |||||
| Americanas SA | 420,852 | 856,407 | ||||||
| Atacadao SA | 384,153 | 1,182,214 | ||||||
| B3 SA - Brasil, Bolsa, Balcao | 4,029,749 | 9,885,382 | ||||||
| Banco Bradesco SA | 1,068,213 | 2,832,457 | ||||||
| Banco BTG Pactual SA | 786,605 | 3,815,285 | ||||||
| Banco do Brasil SA | 565,683 | 3,845,818 | ||||||
| Banco Santander Brasil SA | 242,116 | 1,290,514 | ||||||
| BB Seguridade Participacoes SA | 461,093 | 2,782,898 | ||||||
| BRF SA(a) | 398,004 | 722,479 | ||||||
| CCR SA | 804,710 | 1,831,371 | ||||||
| Centrais Eletricas Brasileiras SA | 751,620 | 6,879,850 | ||||||
| Cia. de Saneamento Basico do Estado de Sao Paulo | 227,313 | 2,640,928 | ||||||
| Cia. Siderurgica Nacional SA | 443,328 | 1,240,449 | ||||||
| Cosan SA | 809,640 | 2,813,032 | ||||||
| CPFL Energia SA | 153,876 | 1,034,864 | ||||||
| Energisa SA | 131,288 | 1,095,722 | ||||||
| Engie Brasil Energia SA | 136,518 | 1,039,140 | ||||||
| Equatorial Energia SA | 679,428 | 3,607,049 | ||||||
| Hapvida Participacoes e Investimentos SA(b) | 3,090,163 | 3,096,505 | ||||||
| Hypera SA | 276,503 | 2,367,887 | ||||||
| JBS SA | 510,137 | 2,167,617 | ||||||
| Klabin SA | 502,873 | 1,909,025 | ||||||
| Localiza Rent a Car SA | 491,657 | 5,694,082 | ||||||
| Localiza Rent a Car SA, NVS(a) | 1,208 | 13,299 | ||||||
| Lojas Renner SA | 659,788 | 2,943,354 | ||||||
| Magazine Luiza SA(a) | 2,037,094 | 1,338,605 | ||||||
| Natura & Co. Holding SA | 595,586 | 1,343,966 | ||||||
| Petro Rio SA(a) | 474,819 | 3,298,530 | ||||||
| Petroleo Brasileiro SA | 2,468,666 | 14,457,063 | ||||||
| Raia Drogasil SA | 719,713 | 3,196,814 | ||||||
| Rede D’Or Sao Luiz SA(b) | 265,455 | 1,588,837 | ||||||
| Rumo SA | 859,274 | 3,222,267 | ||||||
| Sendas Distribuidora SA | 498,796 | 1,927,189 | ||||||
| Suzano SA | 494,057 | 5,060,196 | ||||||
| Telefonica Brasil SA | 329,330 | 2,414,755 | ||||||
| Tim SA | 571,360 | 1,431,331 | ||||||
| TOTVS SA | 348,105 | 2,070,109 | ||||||
| Ultrapar Participacoes SA | 490,923 | 1,343,349 | ||||||
| Vale SA | 2,524,113 | 41,689,561 | ||||||
| Vibra Energia SA | 779,739 | 2,483,757 | ||||||
| WEG SA | 1,111,025 | 8,349,789 | ||||||
| XP Inc.(a) | 1 | 17 | ||||||
| 172,373,523 | ||||||||
| Chile — 0.5% | ||||||||
| Banco de Chile | 29,952,705 | 2,833,818 | ||||||
| Banco de Credito e Inversiones SA | 36,717 | 994,307 | ||||||
| Banco Santander Chile | 43,744,088 | 1,700,640 | ||||||
| Cencosud SA | 950,000 | 1,412,465 | ||||||
| Cia. Cervecerias Unidas SA | 86,918 | 527,841 | ||||||
| Cia. Sud Americana de Vapores SA | 10,469,435 | 853,959 | ||||||
| Empresas CMPC SA | 729,675 | 1,208,614 | ||||||
| Empresas COPEC SA | 260,115 | 1,818,030 | ||||||
| Enel Americas SA | 14,278,240 | 1,892,007 | ||||||
| Enel Chile SA | 18,627,541 | 847,219 | ||||||
| Falabella SA | 504,412 | 900,635 | ||||||
| 14,989,535 | ||||||||
| Security | Shares | Value | ||||||
| Colombia — 0.1% | ||||||||
| Bancolombia SA | 171,801 | $ | 1,423,372 | |||||
| Interconexion Electrica SA ESP | 309,819 | 1,251,340 | ||||||
| 2,674,712 | ||||||||
| Czech Republic — 0.2% | ||||||||
| CEZ AS(c) | 107,231 | 3,684,883 | ||||||
| Komercni Banka AS | 50,389 | 1,496,177 | ||||||
| Moneta Money Bank AS(b) | 238,228 | 732,775 | ||||||
| 5,913,835 | ||||||||
| Egypt — 0.1% | ||||||||
| Commercial International Bank Egypt SAE | 1,582,811 | 2,594,157 | ||||||
| Eastern Co. SAE | 601,868 | 316,269 | ||||||
| Egyptian Financial Group-Hermes Holding Co.(a) | 407,407 | 251,634 | ||||||
| 3,162,060 | ||||||||
| Greece — 0.4% | ||||||||
| Alpha Services and Holdings SA(a) | 1,419,126 | 1,527,159 | ||||||
| Eurobank Ergasias Services and Holdings SA, Class A(a) | 1,732,581 | 1,998,164 | ||||||
| Hellenic Telecommunications Organization SA(c) | 134,539 | 2,081,267 | ||||||
| JUMBO SA | 66,267 | 1,058,352 | ||||||
| Mytilineos SA | 65,059 | 1,227,589 | ||||||
| National Bank of Greece SA(a) | 347,290 | 1,428,757 | ||||||
| OPAP SA | 128,581 | 1,780,392 | ||||||
| Public Power Corp. SA(a) | 133,733 | 929,354 | ||||||
| Terna Energy SA | 32,598 | 661,469 | ||||||
| 12,692,503 | ||||||||
| Hungary — 0.3% | ||||||||
| MOL Hungarian Oil & Gas PLC | 275,590 | 1,995,107 | ||||||
| OTP Bank Nyrt | 147,230 | 4,059,390 | ||||||
| Richter Gedeon Nyrt | 93,447 | 2,010,267 | ||||||
| 8,064,764 | ||||||||
| India — 21.4% | ||||||||
| ABB India Ltd. | 29,599 | 1,090,641 | ||||||
| ACC Ltd. | 50,478 | 1,595,079 | ||||||
| Adani Enterprises Ltd. | 189,520 | 9,166,483 | ||||||
| Adani Green Energy Ltd.(a) | 209,685 | 5,498,568 | ||||||
| Adani Ports & Special Economic Zone Ltd. | 349,698 | 3,804,864 | ||||||
| Adani Power Ltd.(a) | 504,746 | 2,072,951 | ||||||
| Adani Total Gas Ltd. | 182,726 | 8,225,588 | ||||||
| Adani Transmission Ltd.(a) | 185,142 | 6,673,071 | ||||||
| Ambuja Cements Ltd. | 396,734 | 2,795,959 | ||||||
| Apollo Hospitals Enterprise Ltd. | 66,832 | 3,899,608 | ||||||
| Asian Paints Ltd. | 253,477 | 9,894,062 | ||||||
| AU Small Finance Bank Ltd.(b) | 114,945 | 910,796 | ||||||
| Aurobindo Pharma Ltd. | 175,062 | 1,011,394 | ||||||
| Avenue Supermarts Ltd.(a)(b) | 107,284 | 5,338,597 | ||||||
| Axis Bank Ltd. | 1,501,761 | 16,693,889 | ||||||
| Bajaj Auto Ltd. | 45,427 | 2,095,653 | ||||||
| Bajaj Finance Ltd. | 179,990 | 14,962,039 | ||||||
| Bajaj Finserv Ltd. | 253,018 | 5,098,256 | ||||||
| Bajaj Holdings & Investment Ltd. | 12,553 | 970,336 | ||||||
| Balkrishna Industries Ltd. | 53,734 | 1,353,377 | ||||||
| Bandhan Bank Ltd.(a)(b) | 399,184 | 1,172,823 | ||||||
| Berger Paints India Ltd. | 162,544 | 1,245,104 | ||||||
| Bharat Electronics Ltd. | 2,436,387 | 3,164,203 | ||||||
| Bharat Forge Ltd. | 176,120 | 1,867,804 | ||||||
| Bharat Petroleum Corp. Ltd. | 576,717 | 2,424,093 | ||||||
| Bharti Airtel Ltd. | 1,463,469 | 15,293,658 | ||||||
| Biocon Ltd. | 283,293 | 986,950 | ||||||
| Britannia Industries Ltd. | 72,296 | 3,880,828 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Cholamandalam Investment and Finance Co. Ltd. | 278,006 | $ | 2,453,631 | |||||
| Cipla Ltd. | 321,583 | 4,524,243 | ||||||
| Coal India Ltd. | 1,041,251 | 2,934,140 | ||||||
| Colgate-Palmolive India Ltd. | 79,548 | 1,595,442 | ||||||
| Container Corp. of India Ltd. | 188,819 | 1,800,394 | ||||||
| Dabur India Ltd. | 418,458 | 3,035,247 | ||||||
| Divi’s Laboratories Ltd. | 87,722 | 3,686,038 | ||||||
| DLF Ltd. | 418,175 | 2,079,884 | ||||||
| Dr. Reddy’s Laboratories Ltd. | 77,179 | 4,268,148 | ||||||
| Eicher Motors Ltd. | 90,950 | 3,900,779 | ||||||
| GAIL India Ltd. | 1,500,671 | 1,759,197 | ||||||
| Godrej Consumer Products Ltd.(a) | 273,289 | 2,970,654 | ||||||
| Godrej Properties Ltd.(a) | 80,783 | 1,305,495 | ||||||
| Grasim Industries Ltd. | 176,907 | 3,829,579 | ||||||
| Havells India Ltd. | 169,174 | 2,614,901 | ||||||
| HCL Technologies Ltd. | 717,706 | 9,962,170 | ||||||
| HDFC Life Insurance Co. Ltd.(b) | 640,728 | 4,661,653 | ||||||
| Hero MotoCorp Ltd. | 71,818 | 2,526,268 | ||||||
| Hindalco Industries Ltd. | 890,137 | 4,993,734 | ||||||
| Hindustan Petroleum Corp. Ltd. | 410,171 | 1,210,499 | ||||||
| Hindustan Unilever Ltd. | 544,054 | 17,973,924 | ||||||
| Housing Development Finance Corp. Ltd. | 1,138,782 | 37,853,086 | ||||||
| ICICI Bank Ltd. | 3,404,393 | 39,887,949 | ||||||
| ICICI Lombard General Insurance Co. Ltd.(b) | 159,708 | 2,384,847 | ||||||
| ICICI Prudential Life Insurance Co. Ltd.(b) | 229,233 | 1,344,655 | ||||||
| Indian Hotels Co. Ltd. (The) | 507,578 | 2,004,789 | ||||||
| Indian Oil Corp. Ltd. | 1,898,725 | 1,796,651 | ||||||
| Indian Railway Catering & Tourism Corp. Ltd. | 153,235 | 1,391,230 | ||||||
| Indraprastha Gas Ltd. | 202,110 | 1,099,857 | ||||||
| Indus Towers Ltd. | 432,617 | 1,068,120 | ||||||
| Info Edge India Ltd. | 46,165 | 2,288,383 | ||||||
| Infosys Ltd. | 2,223,872 | 45,202,222 | ||||||
| InterGlobe Aviation Ltd.(a)(b) | 65,185 | 1,554,875 | ||||||
| ITC Ltd. | 1,965,428 | 8,233,428 | ||||||
| Jindal Steel & Power Ltd. | 274,055 | 1,821,633 | ||||||
| JSW Steel Ltd. | 477,914 | 4,389,409 | ||||||
| Jubilant Foodworks Ltd. | 257,956 | 1,746,918 | ||||||
| Kotak Mahindra Bank Ltd. | 367,370 | 8,810,065 | ||||||
| Larsen & Toubro Infotech Ltd.(b) | 31,529 | 1,896,472 | ||||||
| Larsen & Toubro Infotech Ltd., NVS | 26,990 | 1,603,633 | ||||||
| Larsen & Toubro Ltd. | 455,161 | 11,632,893 | ||||||
| Lupin Ltd. | 128,882 | 1,215,435 | ||||||
| Mahindra & Mahindra Ltd. | 578,486 | 9,306,041 | ||||||
| Marico Ltd. | 350,251 | 2,186,317 | ||||||
| Maruti Suzuki India Ltd. | 80,327 | 8,881,779 | ||||||
| Mphasis Ltd. | 56,713 | 1,421,358 | ||||||
| MRF Ltd. | 1,217 | 1,403,989 | ||||||
| Muthoot Finance Ltd. | 80,350 | 1,070,790 | ||||||
| Nestle India Ltd. | 22,631 | 5,619,553 | ||||||
| NTPC Ltd. | 2,576,388 | 5,458,944 | ||||||
| Oil & Natural Gas Corp. Ltd. | 1,652,377 | 2,895,229 | ||||||
| Page Industries Ltd. | 4,075 | 2,381,287 | ||||||
| Petronet LNG Ltd. | 502,941 | 1,319,103 | ||||||
| PI Industries Ltd. | 49,606 | 2,140,997 | ||||||
| Pidilite Industries Ltd. | 102,718 | 3,477,655 | ||||||
| Power Grid Corp. of India Ltd. | 2,080,988 | 5,741,678 | ||||||
| Reliance Industries Ltd. | 2,011,754 | 67,670,376 | ||||||
| Samvardhana Motherson International Ltd. | 1,369,000 | 1,267,718 | ||||||
| SBI Cards & Payment Services Ltd. | 153,120 | 1,557,785 | ||||||
| SBI Life Insurance Co. Ltd.(b) | 299,800 | 4,729,485 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Shree Cement Ltd. | 7,300 | $ | 2,149,793 | |||||
| Shriram Transport Finance Co. Ltd. | 162,226 | 2,700,250 | ||||||
| Siemens Ltd. | 47,946 | 1,639,905 | ||||||
| SRF Ltd. | 100,301 | 2,929,342 | ||||||
| State Bank of India | 1,181,138 | 8,779,096 | ||||||
| Sun Pharmaceutical Industries Ltd. | 636,750 | 8,210,946 | ||||||
| Tata Consultancy Services Ltd. | 604,625 | 25,391,515 | ||||||
| Tata Consumer Products Ltd. | 373,135 | 3,758,692 | ||||||
| Tata Elxsi Ltd. | 22,873 | 1,994,154 | ||||||
| Tata Motors Ltd.(a) | 1,098,297 | 5,987,850 | ||||||
| Tata Power Co. Ltd. (The) | 956,872 | 2,658,392 | ||||||
| Tata Steel Ltd. | 4,826,264 | 6,460,196 | ||||||
| Tech Mahindra Ltd. | 385,315 | 5,141,975 | ||||||
| Titan Co. Ltd. | 235,873 | 7,741,208 | ||||||
| Torrent Pharmaceuticals Ltd. | 67,838 | 1,385,874 | ||||||
| Trent Ltd. | 122,498 | 2,225,895 | ||||||
| Tube Investments of India Ltd. | 58,102 | 1,977,264 | ||||||
| TVS Motor Co. Ltd. | 126,803 | 1,632,057 | ||||||
| UltraTech Cement Ltd. | 66,856 | 5,826,628 | ||||||
| United Spirits Ltd.(a) | 188,963 | 2,174,186 | ||||||
| UPL Ltd. | 324,216 | 3,158,838 | ||||||
| Varun Beverages Ltd. | 106,535 | 1,634,924 | ||||||
| Vedanta Ltd. | 480,979 | 1,818,318 | ||||||
| Wipro Ltd. | 903,682 | 4,577,794 | ||||||
| Yes Bank Ltd.(a) | 7,586,571 | 1,603,812 | ||||||
| Zomato Ltd.(a) | 1,924,850 | 1,567,719 | ||||||
| 640,155,951 | ||||||||
| Indonesia — 2.8% | ||||||||
| Adaro Energy Indonesia Tbk PT | 9,647,900 | 2,387,579 | ||||||
| Aneka Tambang Tbk | 5,478,900 | 697,763 | ||||||
| Astra International Tbk PT | 13,378,500 | 5,176,127 | ||||||
| Bank Central Asia Tbk PT | 36,526,300 | 21,699,491 | ||||||
| Bank Jago Tbk PT(a) | 2,818,100 | 827,447 | ||||||
| Bank Mandiri Persero Tbk PT | 12,302,800 | 8,298,994 | ||||||
| Bank Negara Indonesia Persero Tbk PT | 4,893,100 | 3,099,732 | ||||||
| Bank Rakyat Indonesia Persero Tbk PT | 44,858,471 | 14,270,055 | ||||||
| Barito Pacific Tbk PT | 18,994,000 | 956,981 | ||||||
| Charoen Pokphand Indonesia Tbk PT | 4,883,600 | 1,772,566 | ||||||
| Gudang Garam Tbk PT | 9,300 | 11,794 | ||||||
| Indah Kiat Pulp & Paper Tbk PT | 1,805,400 | 1,154,052 | ||||||
| Indofood CBP Sukses Makmur Tbk PT | 1,600,000 | 1,027,217 | ||||||
| Indofood Sukses Makmur Tbk PT | 2,924,100 | 1,200,722 | ||||||
| Kalbe Farma Tbk PT | 14,047,800 | 1,854,298 | ||||||
| Merdeka Copper Gold Tbk PT(a) | 8,095,259 | 2,154,861 | ||||||
| Sarana Menara Nusantara Tbk PT | 14,108,600 | 1,016,906 | ||||||
| Semen Indonesia Persero Tbk PT | 1,972,100 | 957,154 | ||||||
| Sumber Alfaria Trijaya Tbk PT | 11,163,400 | 2,201,037 | ||||||
| Telkom Indonesia Persero Tbk PT | 32,632,800 | 8,418,438 | ||||||
| Unilever Indonesia Tbk PT | 5,103,100 | 1,559,753 | ||||||
| United Tractors Tbk PT | 1,116,500 | 2,196,090 | ||||||
| Vale Indonesia Tbk PT(a) | 1,688,300 | 799,801 | ||||||
| 83,738,858 | ||||||||
| Kuwait — 1.4% | ||||||||
| Agility Public Warehousing Co. KSC | 979,069 | 2,528,223 | ||||||
| Boubyan Bank KSCP | 865,616 | 2,381,950 | ||||||
| Gulf Bank KSCP | 1,067,248 | 1,180,727 | ||||||
| Kuwait Finance House KSCP | 4,883,453 | 13,844,788 | ||||||
| Mabanee Co. KPSC | 406,398 | 1,170,696 | ||||||
| Mobile Telecommunications Co. KSCP | 1,448,315 | 2,772,188 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Kuwait (continued) | ||||||||
| National Bank of Kuwait SAKP | 4,754,704 | $ | 17,396,604 | |||||
| 41,275,176 | ||||||||
| Malaysia — 2.2% | ||||||||
| AMMB Holdings Bhd | 1,243,700 | 1,170,733 | ||||||
| Axiata Group Bhd | 1,891,200 | 1,389,394 | ||||||
| CIMB Group Holdings Bhd | 4,489,900 | 5,872,760 | ||||||
| Dialog Group Bhd | 2,454,900 | 1,260,970 | ||||||
| DiGi.Com Bhd | 2,090,900 | 1,887,759 | ||||||
| Genting Bhd | 1,407,400 | 1,408,940 | ||||||
| Genting Malaysia Bhd | 2,002,900 | 1,208,324 | ||||||
| HAP Seng Consolidated Bhd | 410,700 | 614,076 | ||||||
| Hartalega Holdings Bhd | 1,179,100 | 461,242 | ||||||
| Hong Leong Bank Bhd(c) | 429,700 | 2,019,501 | ||||||
| Hong Leong Financial Group Bhd | 144,500 | 602,974 | ||||||
| IHH Healthcare Bhd | 1,193,100 | 1,560,737 | ||||||
| Inari Amertron Bhd | 1,825,400 | 1,109,155 | ||||||
| IOI Corp. Bhd | 1,811,600 | 1,561,515 | ||||||
| Kuala Lumpur Kepong Bhd | 288,000 | 1,355,662 | ||||||
| Malayan Banking Bhd | 3,133,400 | 6,090,381 | ||||||
| Malaysia Airports Holdings Bhd(a) | 443,544 | 643,266 | ||||||
| Maxis Bhd(c) | 1,615,900 | 1,400,424 | ||||||
| MISC Bhd | 918,800 | 1,492,306 | ||||||
| MR DIY Group M Bhd(b) | 1,609,150 | 762,588 | ||||||
| Nestle Malaysia Bhd(c) | 36,800 | 1,149,302 | ||||||
| Petronas Chemicals Group Bhd | 1,586,200 | 3,056,702 | ||||||
| Petronas Dagangan Bhd | 187,700 | 1,003,599 | ||||||
| Petronas Gas Bhd | 534,200 | 2,017,889 | ||||||
| PPB Group Bhd | 434,340 | 1,683,541 | ||||||
| Press Metal Aluminium Holdings Bhd | 2,466,300 | 2,709,806 | ||||||
| Public Bank Bhd(c) | 9,595,500 | 9,731,457 | ||||||
| QL Resources Bhd | 678,300 | 849,495 | ||||||
| RHB Bank Bhd(c) | 957,200 | 1,212,527 | ||||||
| Sime Darby Bhd | 1,878,700 | 911,374 | ||||||
| Sime Darby Plantation Bhd | 1,414,600 | 1,356,882 | ||||||
| Telekom Malaysia Bhd | 794,400 | 1,004,129 | ||||||
| Tenaga Nasional Bhd | 1,692,600 | 3,590,023 | ||||||
| Top Glove Corp. Bhd(c) | 3,499,300 | 688,841 | ||||||
| 64,838,274 | ||||||||
| Mexico — 3.5% | ||||||||
| Alfa SAB de CV, Class A | 1,919,900 | 1,330,417 | ||||||
| America Movil SAB de CV, Series L, NVS | 18,288,500 | 17,791,808 | ||||||
| Arca Continental SAB de CV | 293,300 | 2,447,764 | ||||||
| Banco del Bajio SA(b) | 454,500 | 1,517,042 | ||||||
| Cemex SAB de CV, NVS(a) | 9,972,800 | 4,574,442 | ||||||
| Coca-Cola Femsa SAB de CV | 346,900 | 2,365,587 | ||||||
| Fibra Uno Administracion SA de CV | 2,028,500 | 2,520,117 | ||||||
| Fomento Economico Mexicano SAB de CV | 1,283,000 | 10,223,304 | ||||||
| Gruma SAB de CV, Class B | 136,315 | 1,701,500 | ||||||
| Grupo Aeroportuario del Pacifico SAB de CV, Class B | 236,200 | 3,811,715 | ||||||
| Grupo Aeroportuario del Sureste SAB de CV, Class B | 130,045 | 3,217,289 | ||||||
| Grupo Bimbo SAB de CV, Series A(c) | 894,900 | 3,800,565 | ||||||
| Grupo Carso SAB de CV, Series A1 | 306,500 | 1,323,761 | ||||||
| Grupo Financiero Banorte SAB de CV, Class O | 1,712,600 | 13,696,184 | ||||||
| Grupo Financiero Inbursa SAB de CV, Class O(a) | 1,457,000 | 2,705,728 | ||||||
| Grupo Mexico SAB de CV, Series B | 2,049,300 | 8,356,946 | ||||||
| Grupo Televisa SAB, CPO | 1,584,600 | 1,740,317 | ||||||
| Industrias Penoles SAB de CV | 93,870 | 1,261,947 | ||||||
| Kimberly-Clark de Mexico SAB de CV, Class A | 1,024,000 | 1,740,811 | ||||||
| Security | Shares | Value | ||||||
| Mexico (continued) | ||||||||
| Operadora De Sites Mexicanos SAB de CV | 882,700 | $ | 968,069 | |||||
| Orbia Advance Corp. SAB de CV | 661,600 | 1,293,779 | ||||||
| Promotora y Operadora de Infraestructura SAB de CV | 154,200 | 1,360,579 | ||||||
| Wal-Mart de Mexico SAB de CV | 3,456,500 | 13,744,308 | ||||||
| 103,493,979 | ||||||||
| Netherlands — 0.1% | ||||||||
| NEPI Rockcastle NV | 294,156 | 1,739,879 | ||||||
| Pepco Group NV(a)(b) | 62,225 | 569,930 | ||||||
| 2,309,809 | ||||||||
| Peru — 0.4% | ||||||||
| Cia. de Minas Buenaventura SAA, ADR | 144,175 | 1,176,468 | ||||||
| Credicorp Ltd. | 47,571 | 7,304,527 | ||||||
| Southern Copper Corp.(c) | 57,318 | 3,497,544 | ||||||
| 11,978,539 | ||||||||
| Philippines — 1.1% | ||||||||
| Aboitiz Equity Ventures Inc. | 1,110,920 | 1,183,691 | ||||||
| ACEN Corp. | 5,992,220 | 756,253 | ||||||
| Ayala Corp. | 162,840 | 2,021,959 | ||||||
| Ayala Land Inc. | 4,841,400 | 2,737,993 | ||||||
| Bank of the Philippine Islands | 1,198,620 | 2,252,008 | ||||||
| BDO Unibank Inc. | 1,295,060 | 2,997,439 | ||||||
| Globe Telecom Inc. | 17,989 | 734,225 | ||||||
| GT Capital Holdings Inc. | 1,430 | 11,145 | ||||||
| International Container Terminal Services Inc. | 677,430 | 2,466,523 | ||||||
| JG Summit Holdings Inc. | 2,090,320 | 1,834,557 | ||||||
| Jollibee Foods Corp. | 309,180 | 1,344,500 | ||||||
| Manila Electric Co. | 140,380 | 696,144 | ||||||
| Metro Pacific Investments Corp. | 15,000 | 918 | ||||||
| Metropolitan Bank & Trust Co. | 1,282,427 | 1,306,772 | ||||||
| Monde Nissin Corp.(b) | 4,220,200 | 945,097 | ||||||
| PLDT Inc. | 57,550 | 1,789,303 | ||||||
| SM Investments Corp. | 157,875 | 2,636,500 | ||||||
| SM Prime Holdings Inc. | 7,665,000 | 4,968,842 | ||||||
| Universal Robina Corp. | 559,090 | 1,317,175 | ||||||
| 32,001,044 | ||||||||
| Poland — 0.9% | ||||||||
| Allegro.eu SA (a)(b)(c) | 245,135 | 1,253,640 | ||||||
| Bank Polska Kasa Opieki SA | 120,991 | 2,314,336 | ||||||
| CD Projekt SA | 43,726 | 1,302,911 | ||||||
| Cyfrowy Polsat SA | 173,236 | 726,332 | ||||||
| Dino Polska SA(a)(b) | 32,878 | 2,702,193 | ||||||
| KGHM Polska Miedz SA | 93,707 | 2,480,577 | ||||||
| LPP SA | 708 | 1,534,727 | ||||||
| mBank SA(a) | 10,049 | 721,461 | ||||||
| PGE Polska Grupa Energetyczna SA(a) | 613,832 | 897,350 | ||||||
| Polski Koncern Naftowy ORLEN SA | 414,635 | 6,103,094 | ||||||
| Powszechna Kasa Oszczednosci Bank Polski SA | 583,412 | 3,764,861 | ||||||
| Powszechny Zaklad Ubezpieczen SA | 404,155 | 2,893,224 | ||||||
| Santander Bank Polska SA | 24,372 | 1,518,760 | ||||||
| 28,213,466 | ||||||||
| Qatar — 1.5% | ||||||||
| Barwa Real Estate Co. | 1,213,504 | 1,094,890 | ||||||
| Commercial Bank PSQC (The) | 2,147,368 | 3,486,475 | ||||||
| Industries Qatar QSC | 1,015,611 | 4,138,922 | ||||||
| Masraf Al Rayan QSC | 3,721,319 | 3,601,180 | ||||||
| Mesaieed Petrochemical Holding Co. | 3,043,685 | 1,943,184 | ||||||
| Ooredoo QPSC | 531,437 | 1,282,567 | ||||||
| Qatar Electricity & Water Co. QSC | 318,936 | 1,467,080 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Qatar (continued) | ||||||||
| Qatar Fuel QSC | 260,481 | $ | 1,286,468 | |||||
| Qatar Gas Transport Co. Ltd. | 1,658,582 | 1,798,487 | ||||||
| Qatar International Islamic Bank QSC | 557,814 | 1,672,956 | ||||||
| Qatar Islamic Bank SAQ | 1,102,153 | 7,319,721 | ||||||
| Qatar National Bank QPSC | 3,072,023 | 16,453,259 | ||||||
| 45,545,189 | ||||||||
| Russia — 0.0% | ||||||||
| Alrosa PJSC(d) | 1,271,273 | 208 | ||||||
| Gazprom PJSC(d) | 5,613,440 | 920 | ||||||
| Inter RAO UES PJSC(d) | 19,580,300 | 3,209 | ||||||
| LUKOIL PJSC(d) | 197,285 | 32 | ||||||
| Magnit PJSC(d) | 26,665 | 4 | ||||||
| Magnit PJSC, GDR(d) | 1 | — | ||||||
| MMC Norilsk Nickel PJSC(d) | 29,789 | 5 | ||||||
| Mobile TeleSystems PJSC(d) | 418,880 | 69 | ||||||
| Moscow Exchange MICEX-RTS PJSC(a)(d) | 631,870 | 104 | ||||||
| Novatek PJSC(d) | 433,150 | 71 | ||||||
| Novolipetsk Steel PJSC(d) | 785,210 | 129 | ||||||
| Ozon Holdings PLC, GDR(a)(d) | 534 | — | ||||||
| PhosAgro PJSC(d) | 22,411 | 4 | ||||||
| PhosAgro PJSC, GDR(d)(e) | 1 | — | ||||||
| PhosAgro PJSC, New(d) | 433 | 4 | ||||||
| Polymetal International PLC(a)(d) | 137,561 | 23 | ||||||
| Polyus PJSC(a)(d) | 13,397 | 2 | ||||||
| Rosneft Oil Co. PJSC(d) | 532,936 | 87 | ||||||
| Sberbank of Russia PJSC(a)(d) | 4,933,827 | 808 | ||||||
| Severstal PAO(d) | 109,143 | 18 | ||||||
| Surgutneftegas PJSC(d) | 3,671,000 | 602 | ||||||
| Tatneft PJSC(d) | 685,605 | 112 | ||||||
| TCS Group Holding PLC, GDR(a)(d)(e) | 58,085 | 10 | ||||||
| United Co. RUSAL International PJSC(a)(d) | 1,500,930 | 246 | ||||||
| VK Co. Ltd.(a)(d) | 873 | — | ||||||
| VTB Bank PJSC(a)(d) | 1,160,968,000 | 190 | ||||||
| X5 Retail Group NV, GDR(d) | 67,732 | 11 | ||||||
| Yandex NV(a)(d) | 149,219 | 24 | ||||||
| 6,892 | ||||||||
| Saudi Arabia — 6.2% | ||||||||
| ACWA Power Co. | 53,395 | 2,007,939 | ||||||
| Advanced Petrochemical Co. | 85,036 | 947,437 | ||||||
| Al Rajhi Bank(a) | 1,294,628 | 27,876,577 | ||||||
| Alinma Bank | 648,774 | 6,005,549 | ||||||
| Almarai Co. JSC | 166,324 | 2,369,310 | ||||||
| AngloGold Ashanti Ltd. | 276,109 | 5,039,743 | ||||||
| Arab National Bank | 399,589 | 3,694,612 | ||||||
| Arabian Internet & Communications Services Co. | 11,723 | 769,008 | ||||||
| Bank AlBilad(a) | 327,207 | 4,534,112 | ||||||
| Bank Al-Jazira | 266,831 | 1,513,078 | ||||||
| Banque Saudi Fransi | 393,593 | 4,512,186 | ||||||
| Bupa Arabia for Cooperative Insurance Co. | 40,065 | 1,898,903 | ||||||
| Dallah Healthcare Co. | 9,089 | 419,725 | ||||||
| Dar Al Arkan Real Estate Development Co.(a) | 358,025 | 1,321,916 | ||||||
| Dr Sulaiman Al Habib Medical Services Group Co. | 58,570 | 3,629,550 | ||||||
| Elm Co. | 16,043 | 1,417,163 | ||||||
| Emaar Economic City(a) | 273,614 | 625,706 | ||||||
| Etihad Etisalat Co. | 252,007 | 2,458,073 | ||||||
| Jarir Marketing Co. | 40,122 | 1,771,099 | ||||||
| Mobile Telecommunications Co.(a) | 289,051 | 862,714 | ||||||
| Mouwasat Medical Services Co. | 32,699 | 1,653,378 | ||||||
| Nahdi Medical Co. | 19,161 | 968,435 | ||||||
| National Industrialization Co.(a) | 217,449 | 647,260 | ||||||
| Security | Shares | Value | ||||||
| Saudi Arabia (continued) | ||||||||
| Rabigh Refining & Petrochemical Co.(a) | 280,298 | $ | 768,304 | |||||
| Reinet Investments SCA | 90,954 | 1,605,668 | ||||||
| Riyad Bank | 897,461 | 8,312,305 | ||||||
| SABIC Agri-Nutrients Co. | 142,030 | 5,498,794 | ||||||
| Sahara International Petrochemical Co. | 238,712 | 2,312,333 | ||||||
| Saudi Arabian Mining Co.(a) | 570,573 | 10,525,084 | ||||||
| Saudi Arabian Oil Co.(b) | 1,604,560 | 14,353,806 | ||||||
| Saudi Basic Industries Corp. | 593,271 | 13,212,111 | ||||||
| Saudi British Bank (The) | 614,203 | 6,724,272 | ||||||
| Saudi Electricity Co. | 558,146 | 3,701,046 | ||||||
| Saudi Industrial Investment Group | 247,942 | 1,359,959 | ||||||
| Saudi Investment Bank (The) | 325,960 | 1,636,965 | ||||||
| Saudi Kayan Petrochemical Co.(a) | 487,500 | 1,526,174 | ||||||
| Saudi National Bank (The) | 1,451,246 | 19,982,056 | ||||||
| Saudi Research & Media Group(a) | 24,353 | 1,246,390 | ||||||
| Saudi Tadawul Group Holding Co. | 32,017 | 1,478,132 | ||||||
| Saudi Telecom Co. | 993,525 | 10,213,418 | ||||||
| Savola Group (The) | 175,993 | 1,346,886 | ||||||
| Yanbu National Petrochemical Co. | 168,934 | 1,899,429 | ||||||
| 184,646,605 | ||||||||
| South Africa — 5.0% | ||||||||
| Absa Group Ltd. | 559,099 | 6,704,279 | ||||||
| African Rainbow Minerals Ltd. | 76,241 | 1,279,737 | ||||||
| Anglo American Platinum Ltd. | 34,959 | 3,533,467 | ||||||
| Aspen Pharmacare Holdings Ltd. | 250,345 | 2,077,470 | ||||||
| Bid Corp. Ltd. | 222,322 | 4,292,949 | ||||||
| Bidvest Group Ltd. (The) | 192,925 | 2,593,118 | ||||||
| Capitec Bank Holdings Ltd. | 57,494 | 6,825,978 | ||||||
| Clicks Group Ltd. | 163,205 | 2,786,319 | ||||||
| Discovery Ltd.(a) | 328,655 | 2,418,534 | ||||||
| Exxaro Resources Ltd. | 163,023 | 2,131,380 | ||||||
| FirstRand Ltd. | 3,331,392 | 12,947,367 | ||||||
| Foschini Group Ltd. (The) | 222,140 | 1,354,265 | ||||||
| Gold Fields Ltd. | 588,541 | 6,535,113 | ||||||
| Growthpoint Properties Ltd. | 2,223,981 | 1,827,905 | ||||||
| Harmony Gold Mining Co. Ltd. | 367,512 | 1,330,629 | ||||||
| Impala Platinum Holdings Ltd. | 561,150 | 6,819,982 | ||||||
| Kumba Iron Ore Ltd. | 43,271 | 1,222,457 | ||||||
| Mr. Price Group Ltd. | 170,020 | 1,661,739 | ||||||
| MTN Group Ltd. | 1,118,681 | 9,167,201 | ||||||
| MultiChoice Group | 247,988 | 1,706,659 | ||||||
| Naspers Ltd., Class N | 143,787 | 22,037,386 | ||||||
| Nedbank Group Ltd. | 302,579 | 4,000,609 | ||||||
| Northam Platinum Holdings Ltd.(a) | 226,092 | 2,567,809 | ||||||
| Old Mutual Ltd. | 3,122,815 | 2,006,014 | ||||||
| Pepkor Holdings Ltd.(b) | 1,098,850 | 1,400,522 | ||||||
| Remgro Ltd. | 344,364 | 2,839,400 | ||||||
| Sanlam Ltd. | 1,170,406 | 3,843,080 | ||||||
| Sasol Ltd. | 374,060 | 6,503,393 | ||||||
| Shoprite Holdings Ltd. | 334,055 | 4,917,148 | ||||||
| Sibanye Stillwater Ltd. | 1,860,113 | 5,175,611 | ||||||
| SPAR Group Ltd. (The) | 131,536 | 1,013,877 | ||||||
| Standard Bank Group Ltd. | 885,019 | 9,313,924 | ||||||
| Vodacom Group Ltd. | 422,829 | 3,077,563 | ||||||
| Woolworths Holdings Ltd. | 649,521 | 2,473,337 | ||||||
| 150,386,221 | ||||||||
| South Korea — 16.2% | ||||||||
| Alteogen Inc.(a) | 1,993 | 56,681 | ||||||
| Amorepacific Corp. | 19,668 | 1,980,028 | ||||||
| AMOREPACIFIC Group | 5,666 | 137,727 | ||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| BGF retail Co. Ltd. | 5,358 | $ | 840,871 | |||||
| Celltrion Healthcare Co. Ltd. | 57,466 | 2,884,484 | ||||||
| Celltrion Inc. | 65,041 | 8,817,268 | ||||||
| Celltrion Pharm Inc.(a) | 11,791 | 605,079 | ||||||
| Cheil Worldwide Inc. | 47,940 | 889,179 | ||||||
| CJ CheilJedang Corp. | 5,519 | 1,664,642 | ||||||
| CJ Corp. | 10,233 | 601,359 | ||||||
| CJ ENM Co. Ltd. | 1,059 | 68,371 | ||||||
| CJ Logistics Corp.(a) | 1,031 | 69,950 | ||||||
| Coway Co. Ltd. | 36,926 | 1,625,733 | ||||||
| DB Insurance Co. Ltd. | 30,470 | 1,448,290 | ||||||
| Doosan Bobcat Inc. | 33,916 | 928,348 | ||||||
| Doosan Enerbility Co. Ltd.(a) | 271,686 | 3,520,434 | ||||||
| Ecopro BM Co. Ltd.(c) | 32,043 | 2,839,305 | ||||||
| E-MART Inc. | 13,761 | 973,399 | ||||||
| F&F Co. Ltd./New | 11,860 | 1,384,583 | ||||||
| GS Engineering & Construction Corp. | 1,093 | 19,768 | ||||||
| GS Holdings Corp. | 30,460 | 1,132,168 | ||||||
| Hana Financial Group Inc. | 194,422 | 6,649,630 | ||||||
| Hankook Tire & Technology Co. Ltd. | 48,446 | 1,265,263 | ||||||
| Hanmi Pharm Co. Ltd. | 4,408 | 881,324 | ||||||
| Hanon Systems | 119,564 | 800,169 | ||||||
| Hanwha Solutions Corp.(a) | 76,098 | 3,012,114 | ||||||
| HD Hyundai Co. Ltd. | 30,826 | 1,524,190 | ||||||
| HLB Inc.(a) | 65,305 | 1,644,342 | ||||||
| HMM Co. Ltd. | 178,148 | 3,070,219 | ||||||
| Hotel Shilla Co. Ltd. | 20,853 | 1,171,855 | ||||||
| HYBE Co. Ltd.(a) | 12,357 | 1,370,229 | ||||||
| Hyundai Engineering & Construction Co. Ltd. | 50,861 | 1,607,686 | ||||||
| Hyundai Glovis Co. Ltd. | 12,593 | 1,708,353 | ||||||
| Hyundai Heavy Industries Co. Ltd.(a)(c) | 11,283 | 1,033,540 | ||||||
| Hyundai Mipo Dockyard Co. Ltd.(a) | 14,833 | 972,859 | ||||||
| Hyundai Mobis Co. Ltd. | 40,719 | 6,664,825 | ||||||
| Hyundai Motor Co. | 91,316 | 11,896,718 | ||||||
| Hyundai Steel Co. | 58,157 | 1,521,668 | ||||||
| Iljin Materials Co. Ltd. | 15,892 | 762,147 | ||||||
| Industrial Bank of Korea | 169,125 | 1,447,652 | ||||||
| Kakao Corp. | 205,873 | 9,032,968 | ||||||
| Kakao Games Corp.(a)(c) | 23,821 | 807,249 | ||||||
| KakaoBank Corp.(a)(c) | 88,684 | 1,720,549 | ||||||
| Kangwon Land Inc.(a) | 64,289 | 1,235,449 | ||||||
| KB Financial Group Inc. | 256,118 | 10,169,864 | ||||||
| Kia Corp. | 174,081 | 9,167,784 | ||||||
| Korea Aerospace Industries Ltd. | 47,865 | 1,777,579 | ||||||
| Korea Electric Power Corp.(a) | 169,795 | 2,692,151 | ||||||
| Korea Investment Holdings Co. Ltd. | 26,860 | 1,193,976 | ||||||
| Korea Shipbuilding & Offshore Engineering Co. Ltd.(a) | 28,329 | 1,705,522 | ||||||
| Korea Zinc Co. Ltd. | 5,924 | 2,863,951 | ||||||
| Korean Air Lines Co. Ltd.(a) | 117,626 | 2,307,699 | ||||||
| Krafton Inc.(a)(c) | 18,239 | 3,210,204 | ||||||
| KT&G Corp. | 72,869 | 5,529,233 | ||||||
| Kumho Petrochemical Co. Ltd. | 11,713 | 1,347,328 | ||||||
| L&F Co. Ltd.(a)(c) | 15,406 | 2,656,541 | ||||||
| LG Chem Ltd. | 32,686 | 18,658,201 | ||||||
| LG Corp. | 62,595 | 4,036,782 | ||||||
| LG Display Co. Ltd. | 156,686 | 1,748,611 | ||||||
| LG Electronics Inc. | 70,149 | 5,293,415 | ||||||
| LG Energy Solution(a) | 20,266 | 9,167,674 | ||||||
| LG H&H Co. Ltd. | 6,193 | 3,125,231 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| LG Innotek Co. Ltd. | 9,562 | $ | 2,305,375 | |||||
| LG Uplus Corp. | 143,293 | 1,324,638 | ||||||
| Lotte Chemical Corp. | 11,399 | 1,609,219 | ||||||
| Lotte Shopping Co. Ltd. | 7,863 | 511,049 | ||||||
| Meritz Fire & Marine Insurance Co. Ltd. | 22,177 | 783,807 | ||||||
| Meritz Securities Co. Ltd. | 182,362 | 820,296 | ||||||
| Mirae Asset Securities Co. Ltd.(c) | 179,551 | 916,379 | ||||||
| NAVER Corp. | 86,619 | 12,591,249 | ||||||
| NCSoft Corp. | 10,882 | 3,942,073 | ||||||
| Netmarble Corp.(b) | 14,959 | 562,538 | ||||||
| NH Investment & Securities Co. Ltd. | 103,844 | 766,421 | ||||||
| Orion Corp./Republic of Korea | 15,566 | 1,397,789 | ||||||
| Pan Ocean Co. Ltd. | 185,804 | 772,942 | ||||||
| Pearl Abyss Corp.(a)(c) | 19,891 | 669,942 | ||||||
| POSCO Chemical Co. Ltd. | 18,003 | 3,040,853 | ||||||
| POSCO Holdings Inc. | 51,725 | 11,839,858 | ||||||
| S-1 Corp. | 11,949 | 584,450 | ||||||
| Samsung Biologics Co. Ltd.(a)(b) | 11,785 | 8,015,427 | ||||||
| Samsung C&T Corp. | 55,700 | 5,225,092 | ||||||
| Samsung Electro-Mechanics Co. Ltd. | 37,059 | 4,056,767 | ||||||
| Samsung Electronics Co. Ltd. | 3,150,675 | 151,386,631 | ||||||
| Samsung Engineering Co. Ltd.(a) | 103,153 | 1,950,222 | ||||||
| Samsung Fire & Marine Insurance Co. Ltd. | 20,241 | 3,177,047 | ||||||
| Samsung Heavy Industries Co. Ltd.(a) | 413,325 | 1,653,609 | ||||||
| Samsung Life Insurance Co. Ltd. | 52,896 | 2,969,480 | ||||||
| Samsung SDI Co. Ltd. | 36,343 | 20,516,640 | ||||||
| Samsung SDS Co. Ltd. | 23,491 | 2,295,357 | ||||||
| Samsung Securities Co. Ltd. | 41,058 | 1,111,120 | ||||||
| SD Biosensor Inc. | 24,962 | 631,533 | ||||||
| Seegene Inc. | 9,228 | 216,005 | ||||||
| Shinhan Financial Group Co. Ltd. | 304,514 | 8,827,897 | ||||||
| SK Biopharmaceuticals Co. Ltd.(a) | 21,020 | 1,188,085 | ||||||
| SK Bioscience Co. Ltd.(a)(c) | 15,163 | 969,863 | ||||||
| SK Chemicals Co. Ltd. | 163 | 11,129 | ||||||
| SK Hynix Inc. | 360,474 | 23,791,279 | ||||||
| SK IE Technology Co. Ltd.(a)(b) | 17,085 | 874,554 | ||||||
| SK Inc. | 24,476 | 4,131,182 | ||||||
| SK Innovation Co. Ltd.(a) | 36,732 | 5,082,252 | ||||||
| SK Square Co. Ltd.(a) | 66,827 | 1,936,153 | ||||||
| SKC Co. Ltd. | 13,843 | 1,200,705 | ||||||
| S-Oil Corp. | 30,329 | 2,008,022 | ||||||
| Woori Financial Group Inc. | 359,693 | 3,593,310 | ||||||
| Yuhan Corp. | 33,347 | 1,490,593 | ||||||
| 483,689,243 | ||||||||
| Taiwan — 20.6% | ||||||||
| Accton Technology Corp. | 336,000 | 2,989,817 | ||||||
| Acer Inc. | 1,890,000 | 1,516,834 | ||||||
| Advantech Co. Ltd. | 281,299 | 3,062,033 | ||||||
| Airtac International Group | 93,439 | 2,898,254 | ||||||
| ASE Technology Holding Co. Ltd. | 2,164,000 | 6,921,009 | ||||||
| Asia Cement Corp. | 1,538,000 | 2,066,632 | ||||||
| Asustek Computer Inc. | 463,000 | 4,024,442 | ||||||
| AUO Corp. | 4,330,800 | 2,284,711 | ||||||
| Catcher Technology Co. Ltd. | 432,000 | 2,576,895 | ||||||
| Cathay Financial Holding Co. Ltd. | 5,176,063 | 7,365,838 | ||||||
| Chailease Holding Co. Ltd. | 930,035 | 6,138,587 | ||||||
| Chang Hwa Commercial Bank Ltd. | 3,188,153 | 1,815,589 | ||||||
| Cheng Shin Rubber Industry Co. Ltd. | 1,196,000 | 1,362,817 | ||||||
| China Airlines Ltd. | 1,861,000 | 1,110,496 | ||||||
| China Development Financial Holding Corp. | 10,280,920 | 4,488,551 | ||||||
5
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| China Steel Corp. | 7,781,000 | $ | 7,386,381 | |||||
| Chunghwa Telecom Co. Ltd. | 2,515,000 | 9,257,489 | ||||||
| Compal Electronics Inc. | 2,822,000 | 1,987,245 | ||||||
| CTBC Financial Holding Co. Ltd. | 11,598,000 | 8,712,396 | ||||||
| Delta Electronics Inc. | 1,291,000 | 12,766,325 | ||||||
| E Ink Holdings Inc. | 571,000 | 3,423,787 | ||||||
| E.Sun Financial Holding Co. Ltd. | 8,514,855 | 6,879,223 | ||||||
| Eclat Textile Co. Ltd. | 128,000 | 1,923,243 | ||||||
| eMemory Technology Inc. | 43,000 | 2,098,571 | ||||||
| Eva Airways Corp. | 1,607,000 | 1,482,355 | ||||||
| Evergreen Marine Corp. Taiwan Ltd. | 664,400 | 3,566,997 | ||||||
| Far Eastern New Century Corp. | 2,114,000 | 2,237,493 | ||||||
| Far EasTone Telecommunications Co. Ltd. | 1,033,000 | 2,280,944 | ||||||
| Feng TAY Enterprise Co. Ltd. | 294,000 | 1,796,588 | ||||||
| First Financial Holding Co. Ltd. | 7,044,466 | 6,013,007 | ||||||
| Formosa Chemicals & Fibre Corp. | 2,334,000 | 5,778,688 | ||||||
| Formosa Petrochemical Corp. | 731,000 | 2,014,299 | ||||||
| Formosa Plastics Corp. | 2,729,000 | 8,004,438 | ||||||
| Fubon Financial Holding Co. Ltd. | 4,908,441 | 9,749,237 | ||||||
| Giant Manufacturing Co. Ltd. | 207,620 | 1,559,979 | ||||||
| Globalwafers Co. Ltd. | 146,000 | 2,267,314 | ||||||
| Hon Hai Precision Industry Co. Ltd. | 8,247,200 | 27,003,693 | ||||||
| Hotai Motor Co. Ltd. | 200,600 | 4,256,248 | ||||||
| Hua Nan Financial Holdings Co. Ltd. | 5,974,078 | 4,423,924 | ||||||
| Innolux Corp. | 6,011,045 | 2,448,800 | ||||||
| Inventec Corp. | 1,766,000 | 1,425,071 | ||||||
| Largan Precision Co. Ltd. | 66,000 | 4,972,816 | ||||||
| Lite-On Technology Corp. | 1,314,000 | 2,804,271 | ||||||
| MediaTek Inc. | 1,003,000 | 24,236,292 | ||||||
| Mega Financial Holding Co. Ltd. | 7,362,825 | 7,668,081 | ||||||
| Micro-Star International Co. Ltd. | 451,000 | 1,817,570 | ||||||
| momo.com Inc. | 44,200 | 871,994 | ||||||
| Nan Ya Plastics Corp. | 3,132,000 | 7,833,654 | ||||||
| Nan Ya Printed Circuit Board Corp. | 141,000 | 1,262,597 | ||||||
| Nanya Technology Corp. | 796,000 | 1,485,433 | ||||||
| Nien Made Enterprise Co. Ltd. | 110,000 | 1,044,271 | ||||||
| Novatek Microelectronics Corp. | 382,000 | 3,742,940 | ||||||
| Parade Technologies Ltd. | 48,000 | 1,259,719 | ||||||
| Pegatron Corp. | 1,301,000 | 2,626,420 | ||||||
| PharmaEssentia Corp.(a) | 75,000 | 1,286,179 | ||||||
| Pou Chen Corp. | 1,389,000 | 1,462,961 | ||||||
| Powerchip Semiconductor Manufacturing Corp. | 1,922,000 | 2,107,736 | ||||||
| President Chain Store Corp. | 381,000 | 3,368,266 | ||||||
| Quanta Computer Inc. | 1,786,000 | 4,162,693 | ||||||
| Realtek Semiconductor Corp. | 305,000 | 3,170,763 | ||||||
| Ruentex Development Co. Ltd. | 1,159,600 | 1,750,452 | ||||||
| Shanghai Commercial & Savings Bank Ltd. (The) | 2,393,437 | 3,954,984 | ||||||
| Shin Kong Financial Holding Co. Ltd. | 8,713,897 | 2,531,261 | ||||||
| Silergy Corp. | 213,000 | 3,195,629 | ||||||
| SinoPac Financial Holdings Co. Ltd. | 6,956,401 | 4,124,196 | ||||||
| Synnex Technology International Corp. | 869,000 | 1,652,518 | ||||||
| Taishin Financial Holding Co. Ltd. | 7,216,981 | 3,569,714 | ||||||
| Taiwan Business Bank | 3,224,000 | 1,366,566 | ||||||
| Taiwan Cement Corp. | 4,021,671 | 4,433,272 | ||||||
| Taiwan Cooperative Financial Holding Co. Ltd. | 6,537,535 | 5,676,738 | ||||||
| Taiwan High Speed Rail Corp. | 1,260,000 | 1,184,876 | ||||||
| Taiwan Mobile Co. Ltd. | 1,148,000 | 3,555,869 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 16,265,000 | 261,213,442 | ||||||
| Unimicron Technology Corp. | 819,000 | 4,216,167 | ||||||
| Uni-President Enterprises Corp. | 3,198,000 | 6,863,908 | ||||||
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| United Microelectronics Corp. | 7,833,000 | $ | 11,799,114 | |||||
| Vanguard International Semiconductor Corp. | 596,000 | 1,618,506 | ||||||
| Voltronic Power Technology Corp. | 44,000 | 2,497,191 | ||||||
| Walsin Lihwa Corp. | 1,714,473 | 2,637,655 | ||||||
| Wan Hai Lines Ltd. | 438,015 | 1,096,716 | ||||||
| Win Semiconductors Corp. | 226,000 | 1,164,387 | ||||||
| Winbond Electronics Corp. | 1,956,000 | 1,365,456 | ||||||
| Wiwynn Corp. | 58,000 | 1,673,760 | ||||||
| WPG Holdings Ltd. | 1,064,520 | 1,680,424 | ||||||
| Yageo Corp. | 230,858 | 3,509,833 | ||||||
| Yang Ming Marine Transport Corp. | 1,126,000 | 2,449,741 | ||||||
| Yuanta Financial Holding Co. Ltd. | 6,658,229 | 4,899,040 | ||||||
| Zhen Ding Technology Holding Ltd. | 425,000 | 1,664,498 | ||||||
| 615,896,809 | ||||||||
| Thailand — 3.0% | ||||||||
| Advanced Info Service PCL, NVDR | 771,900 | 4,148,823 | ||||||
| Airports of Thailand PCL, NVDR(a) | 2,794,300 | 5,967,720 | ||||||
| Asset World Corp. PCL, NVDR | 5,600,800 | 1,008,746 | ||||||
| B Grimm Power PCL, NVDR(c) | 622,000 | 666,866 | ||||||
| Bangkok Dusit Medical Services PCL, NVDR | 6,904,800 | 5,948,261 | ||||||
| Bangkok Expressway & Metro PCL, NVDR | 5,014,300 | 1,334,088 | ||||||
| Berli Jucker PCL, NVDR | 845,400 | 826,303 | ||||||
| BTS Group Holdings PCL, NVDR | 5,223,700 | 1,249,683 | ||||||
| Bumrungrad Hospital PCL, NVDR | 398,900 | 2,580,251 | ||||||
| Carabao Group PCL, NVDR | 196,700 | 535,192 | ||||||
| Central Pattana PCL, NVDR | 1,324,900 | 2,740,872 | ||||||
| Central Retail Corp. PCL, NVDR | 1,248,800 | 1,535,083 | ||||||
| Charoen Pokphand Foods PCL, NVDR | 2,578,100 | 1,749,210 | ||||||
| CP ALL PCL, NVDR(c) | 3,856,600 | 7,140,261 | ||||||
| Delta Electronics Thailand PCL, NVDR | 202,400 | 3,894,162 | ||||||
| Electricity Generating PCL, NVDR | 163,700 | 799,287 | ||||||
| Energy Absolute PCL, NVDR | 1,113,600 | 3,066,731 | ||||||
| Global Power Synergy PCL, NVDR(c) | 463,400 | 920,966 | ||||||
| Gulf Energy Development PCL, NVDR | 1,963,100 | 2,969,170 | ||||||
| Home Product Center PCL, NVDR | 3,933,600 | 1,650,327 | ||||||
| Indorama Ventures PCL, NVDR | 1,114,500 | 1,351,189 | ||||||
| Intouch Holdings PCL, NVDR | 738,650 | 1,553,220 | ||||||
| JMT Network Services PCL, NVDR | 450,900 | 862,939 | ||||||
| Kasikornbank PCL, NVDR | 381,900 | 1,573,659 | ||||||
| Krung Thai Bank PCL, NVDR | 2,328,300 | 1,168,424 | ||||||
| Krungthai Card PCL, NVDR | 614,200 | 1,029,896 | ||||||
| Land & Houses PCL, NVDR | 5,370,600 | 1,466,555 | ||||||
| Minor International PCL, NVDR(a) | 2,097,100 | 1,846,112 | ||||||
| Muangthai Capital PCL, NVDR | 511,100 | 542,161 | ||||||
| Osotspa PCL, NVDR | 1,025,800 | 825,766 | ||||||
| PTT Exploration & Production PCL, NVDR | 915,900 | 4,883,591 | ||||||
| PTT Global Chemical PCL, NVDR | 1,476,500 | 2,022,659 | ||||||
| PTT Oil & Retail Business PCL, NVDR | 2,065,100 | 1,432,592 | ||||||
| PTT Public Company Ltd., NVDR | 6,613,400 | 6,258,003 | ||||||
| Ratch Group PCL, NVDR | 715,600 | 834,782 | ||||||
| SCB X PCL, NVS | 547,200 | 1,642,956 | ||||||
| SCG Packaging PCL, NVDR | 849,500 | 1,338,797 | ||||||
| Siam Cement PCL (The), NVDR | 506,800 | 4,845,968 | ||||||
| Srisawad Corp. PCL, NVDR | 459,200 | 595,866 | ||||||
| Thai Oil PCL, NVDR(c) | 809,400 | 1,279,268 | ||||||
| Thai Union Group PCL, NVDR | 1,910,800 | 928,314 | ||||||
| True Corp. PCL, NVDR(c) | 7,806,800 | 1,008,456 | ||||||
| 90,023,175 | ||||||||
| Turkey — 0.8% | ||||||||
| Akbank TAS | 2,078,300 | 1,930,216 | ||||||
6
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Turkey (continued) | ||||||||
| Aselsan Elektronik Sanayi Ve Ticaret AS | 462,381 | $ | 1,209,971 | |||||
| BIM Birlesik Magazalar AS | 304,540 | 2,208,351 | ||||||
| Eregli Demir ve Celik Fabrikalari TAS | 909,272 | 2,078,100 | ||||||
| Ford Otomotiv Sanayi AS | 47,194 | 1,126,720 | ||||||
| Haci Omer Sabanci Holding AS | 674,541 | 1,534,208 | ||||||
| Hektas Ticaret TAS(a) | 664,581 | 1,274,006 | ||||||
| KOC Holding AS | 508,830 | 1,937,657 | ||||||
| Sasa Polyester Sanayi AS(a) | 241,412 | 1,679,962 | ||||||
| Turk Hava Yollari AO(a) | 369,782 | 2,391,807 | ||||||
| Turkcell Iletisim Hizmetleri AS | 813,866 | 1,486,220 | ||||||
| Turkiye Is Bankasi AS, Class C(c) | 2,364,942 | 1,330,947 | ||||||
| Turkiye Petrol Rafinerileri AS(a) | 83,693 | 2,162,466 | ||||||
| Turkiye Sise ve Cam Fabrikalari AS | 911,646 | 1,922,778 | ||||||
| Yapi ve Kredi Bankasi AS | 1,857,310 | 1,200,804 | ||||||
| 25,474,213 | ||||||||
| United Arab Emirates — 1.9% | ||||||||
| Abu Dhabi Commercial Bank PJSC | 1,850,926 | 4,938,802 | ||||||
| Abu Dhabi Islamic Bank PJSC | 960,486 | 2,516,528 | ||||||
| Abu Dhabi National Oil Co. for Distribution PJSC | 2,092,575 | 2,596,888 | ||||||
| Aldar Properties PJSC | 2,593,098 | 3,365,761 | ||||||
| Dubai Islamic Bank PJSC | 1,935,968 | 3,003,533 | ||||||
| Emaar Properties PJSC | 2,665,835 | 4,432,241 | ||||||
| Emirates NBD Bank PJSC | 1,260,408 | 4,551,848 | ||||||
| Emirates Telecommunications Group Co. PJSC | 2,302,716 | 16,191,821 | ||||||
| First Abu Dhabi Bank PJSC | 2,923,845 | 14,022,049 | ||||||
| Q Holding PJSC(a) | 1,249,024 | 1,530,208 | ||||||
| 57,149,679 | ||||||||
| Total Common Stocks — 96.4% | ||||||||
| (Cost: $3,179,387,596) | 2,880,694,054 | |||||||
| Preferred Stocks | ||||||||
| Brazil — 1.9% | ||||||||
| Banco Bradesco SA, Preference Shares, NVS | 3,505,154 | 10,523,534 | ||||||
| Braskem SA, Class A, Preference Shares, NVS | 128,705 | 697,921 | ||||||
| Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS | 186,041 | 1,759,544 | ||||||
| Cia. Energetica de Minas Gerais, Preference Shares, NVS | 927,981 | 2,052,901 | ||||||
| Gerdau SA, Preference Shares, NVS | 755,504 | 4,596,194 | ||||||
| Itau Unibanco Holding SA, Preference Shares, NVS | 3,192,587 | 15,995,695 | ||||||
| Itausa SA, Preference Shares, NVS | 3,358,461 | 5,746,989 | ||||||
| Petroleo Brasileiro SA, Preference Shares, NVS | 3,133,369 | 16,097,511 | ||||||
| 57,470,289 | ||||||||
| Chile — 0.3% | ||||||||
| Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares | 94,533 | 9,427,315 | ||||||
| Colombia — 0.1% | ||||||||
| Bancolombia SA, Preference Shares, NVS | 301,018 | 1,994,525 | ||||||
| Russia — 0.0% | ||||||||
| Surgutneftegas PJSC, Preference Shares, NVS(d) | 3,036,700 | 498 | ||||||
| Security | Shares | Value | ||||||
| South Korea — 0.9% | ||||||||
| Hyundai Motor Co. | ||||||||
| Preference Shares, NVS | 15,935 | $ | 1,022,759 | |||||
| Series 2, Preference Shares, NVS | 24,494 | 1,543,909 | ||||||
| LG Chem Ltd., Preference Shares, NVS | 4,953 | 1,275,657 | ||||||
| LG H&H Co. Ltd., Preference Shares, NVS | 270 | 57,746 | ||||||
| Samsung Electronics Co. Ltd., Preference Shares, NVS | 545,808 | 23,470,646 | ||||||
| 27,370,717 | ||||||||
| Total Preferred Stocks — 3.2% | ||||||||
| (Cost: $103,584,390) | 96,263,344 | |||||||
| Rights | ||||||||
| South Korea — 0.0% | ||||||||
| HLB Inc., (Expires 12/09/22, Strike Price KRW 25,200.00)(a) | 4,436 | 24,722 | ||||||
| Total Rights — 0.0% | ||||||||
| (Cost: $—) | 24,722 | |||||||
| Total Long-Term Investments — 99.6% | ||||||||
| (Cost: $3,282,971,986) | 2,976,982,120 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 0.8% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(f)(g)(h) | 18,577,564 | 18,579,422 | ||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(f)(g) | 4,700,000 | 4,700,000 | ||||||
| Total Short-Term Securities — 0.8% | ||||||||
| (Cost: $23,281,039) | 23,279,422 | |||||||
| Total Investments — 100.4% | ||||||||
| (Cost: $3,306,253,025) | 3,000,261,542 | |||||||
| Liabilities in Excess of Other Assets — (0.4)% | (11,582,691 | ) | ||||||
| Net Assets — 100.0% | $ | 2,988,678,851 | ||||||
| (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) | 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) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (f) | Affiliate of the Fund. |
| (g) | Annualized 7-day yield as of period end. |
| (h) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
7
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 08/31/22 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 11/30/22 | Shares Held at 11/30/22 | Income | Capital Gain Distributions from Underlying Funds | ||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 16,624,717 | $ | 1,957,131 | (a) | $ | — | $ | 4,951 | $ | (7,377 | ) | $ | 18,579,422 | 18,577,564 | $ | 111,056 | (b) | $ | — | |||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 4,900,000 | — | (200,000 | )(a) | — | — | 4,700,000 | 4,700,000 | 27,812 | — | |||||||||||||||||||||||||
| $ | 4,951 | $ | (7,377 | ) | $ | 23,279,422 | $ | 138,868 | $ | — | |||||||||||||||||||||||||
| (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 | 104 | 12/16/22 | $ | 5,109 | $ | 244,482 | |||||||
Fair
Value Hierarchy as of Period End
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 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 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.
8
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2022 |
Fair Value Hierarchy as of Period End (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 | $ | 358,663,554 | $ | 2,522,023,608 | $ | 6,892 | $ | 2,880,694,054 | ||||||||
| Preferred Stocks | 59,464,814 | 36,798,032 | 498 | 96,263,344 | ||||||||||||
| Rights | — | 24,722 | — | 24,722 | ||||||||||||
| Money Market Funds | 23,279,422 | — | — | 23,279,422 | ||||||||||||
| $ | 441,407,790 | $ | 2,558,846,362 | $ | 7,390 | $ | 3,000,261,542 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Futures Contracts | $ | 244,482 | $ | — | $ | — | $ | 244,482 | ||||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
| Portfolio Abbreviation | |||
| ADR | American Depositary Receipt | NVDR | Non-Voting Depositary Receipt |
| CPO | Certificates of Participation (Ordinary) | NVS | Non-Voting Shares |
| GDR | Global Depositary Receipt | PJSC | Public Joint Stock Company |
| JSC | Joint Stock Company | ||
9