| Consolidated Schedule of Investments (unaudited) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Bermuda — 0.0% | ||||||||
| GCL New Energy Holdings Ltd., NVS | 371,500 | $ | 55,171 | |||||
| Productive Technologies Co. Ltd.(a)(b) | 586,000 | 85,526 | ||||||
| 140,697 | ||||||||
| Brazil — 4.9% | ||||||||
| 3R Petroleum Oleo E Gas SA(a) | 66,150 | 471,521 | ||||||
| AES Brasil Energia SA | 135,713 | 273,291 | ||||||
| Aliansce Sonae Shopping Centers SA | 60,049 | 207,247 | ||||||
| Alupar Investimento SA | 49,914 | 266,626 | ||||||
| Ambipar Participacoes e Empreendimentos SA | 40,670 | 183,391 | ||||||
| Anima Holding SA(a) | 95,229 | 81,111 | ||||||
| Arezzo Industria e Comercio SA | 28,515 | 492,179 | ||||||
| Armac Locacao Logistica E Servicos SA | 54,975 | 124,054 | ||||||
| Auren Energia SA | 109,437 | 291,658 | ||||||
| Boa Vista Servicos SA | 116,553 | 110,054 | ||||||
| BR Malls Participacoes SA | 322,500 | 543,782 | ||||||
| BR Properties SA | 77,581 | 91,046 | ||||||
| Cia. Brasileira de Aluminio | 60,600 | 141,301 | ||||||
| Cia. Brasileira de Distribuicao | 74,325 | 297,480 | ||||||
| Cia. de Saneamento de Minas Gerais-COPASA | 78,450 | 238,856 | ||||||
| Cia. de Saneamento do Parana | 66,450 | 245,729 | ||||||
| Cia. Paranaense de Energia | 36,450 | 279,696 | ||||||
| Cielo SA | 549,786 | 507,477 | ||||||
| CM Hospitalar SA | 48,675 | 156,642 | ||||||
| Cogna Educacao(a) | 728,724 | 314,556 | ||||||
| CVC Brasil Operadora e Agencia de Viagens SA(a) | 95,342 | 92,414 | ||||||
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | 122,025 | 337,668 | ||||||
| Dexco SA | 148,500 | 238,946 | ||||||
| EcoRodovias Infraestrutura e Logistica SA(a) | 203,625 | 171,082 | ||||||
| EDP - Energias do Brasil SA | 100,939 | 412,754 | ||||||
| Embraer SA(a) | 283,875 | 741,231 | ||||||
| Enauta Participacoes SA | 43,425 | 112,133 | ||||||
| Eneva SA(a) | 402,706 | 957,614 | ||||||
| Ez Tec Empreendimentos e Participacoes SA | 66,825 | 193,804 | ||||||
| Fleury SA | 77,625 | 265,215 | ||||||
| Fleury SA, NVS | 16,801 | 59,928 | ||||||
| GPS Participacoes e Empreendimentos SA(c) | 112,350 | 269,760 | ||||||
| Grendene SA | 146,775 | 187,522 | ||||||
| Grupo De Moda Soma SA | 235,860 | 524,047 | ||||||
| Grupo Mateus SA(a) | 193,311 | 226,117 | ||||||
| Grupo SBF SA | 52,125 | 146,551 | ||||||
| Iguatemi SA | 102,458 | 373,555 | ||||||
| Infracommerce CXAAS SA(a) | 92,578 | 82,242 | ||||||
| Intelbras SA Industria de Telecomunicacao Eletronica Brasileira | 30,300 | 187,837 | ||||||
| Iochpe Maxion SA | 52,625 | 133,861 | ||||||
| IRB Brasil Resseguros S/A(a) | 860,815 | 124,411 | ||||||
| JHSF Participacoes SA | 125,220 | 133,681 | ||||||
| Light SA | 100,987 | 111,314 | ||||||
| Locaweb Servicos de Internet SA(a)(c) | 214,597 | 347,368 | ||||||
| LOG Commercial Properties e Participacoes SA | 22,580 | 75,885 | ||||||
| M. Dias Branco SA | 34,575 | 261,577 | ||||||
| Mahle-Metal Leve SA | 18,975 | 105,162 | ||||||
| Marfrig Global Foods SA | 160,725 | 271,006 | ||||||
| Minerva SA | 114,600 | 276,046 | ||||||
| Movida Participacoes SA | 74,175 | 126,642 | ||||||
| MRV Engenharia e Participacoes SA | 86,884 | 143,820 | ||||||
| Multiplan Empreendimentos Imobiliarios SA | 109,740 | 484,904 | ||||||
| Odontoprev SA | 123,750 | 201,506 | ||||||
| Security | Shares | Value | ||||||
| Brazil (continued) | ||||||||
| Omega Energia SA(a) | 128,070 | $ | 247,287 | |||||
| Pet Center Comercio e Participacoes SA | 177,075 | 251,485 | ||||||
| Petroreconcavo SA | 50,775 | 300,677 | ||||||
| Santos Brasil Participacoes SA | 225,120 | 330,131 | ||||||
| Sao Martinho SA | 77,070 | 425,646 | ||||||
| SIMPAR SA | 164,189 | 241,410 | ||||||
| SLC Agricola SA | 44,713 | 386,700 | ||||||
| Smartfit Escola de Ginastica e Danca SA(a) | 91,161 | 266,666 | ||||||
| Sul America SA | 110,283 | 478,590 | ||||||
| Transmissora Alianca de Energia Eletrica SA | 74,655 | 496,899 | ||||||
| Tupy SA | 30,000 | 163,720 | ||||||
| Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 121,275 | 309,886 | ||||||
| Via S/A(a) | 497,132 | 208,841 | ||||||
| Vivara Participacoes SA | 45,000 | 191,296 | ||||||
| YDUQS Participacoes SA | 113,980 | 252,588 | ||||||
| 18,247,122 | ||||||||
| Cayman Islands — 0.2% | ||||||||
| HUTCHMED China Ltd.(a) | 108,000 | 296,584 | ||||||
| Keymed Biosciences Inc.(a)(c) | 38,000 | 245,924 | ||||||
| Polaris Group/Tw(a) | 69,000 | 241,122 | ||||||
| 783,630 | ||||||||
| Chile — 0.6% | ||||||||
| Aguas Andinas SA, Class A | 1,244,446 | 287,878 | ||||||
| CAP SA | 37,208 | 273,136 | ||||||
| Cencosud Shopping SA | 255,995 | 327,432 | ||||||
| Colbun SA | 3,683,850 | 326,810 | ||||||
| Empresa Nacional de Telecomunicaciones SA | 72,406 | 213,437 | ||||||
| Itau CorpBanca Chile SA | 100,052,989 | 199,432 | ||||||
| Parque Arauco SA | 36,496 | 38,648 | ||||||
| Plaza SA | 194,204 | 218,041 | ||||||
| Vina Concha y Toro SA | 235,130 | 278,565 | ||||||
| 2,163,379 | ||||||||
| China — 9.0% | ||||||||
| 361 Degrees International Ltd.(a) | 375,000 | 164,058 | ||||||
| Agora Inc., ADR(a) | 26,325 | 82,661 | ||||||
| AK Medical Holdings Ltd.(c) | 300,000 | 299,370 | ||||||
| Akeso Inc.(a)(b)(c) | 193,000 | 844,765 | ||||||
| Alibaba Pictures Group Ltd.(a) | 2,190,000 | 119,160 | ||||||
| A-Living Smart City Services Co. Ltd., Class A(c) | 194,250 | 224,566 | ||||||
| Alphamab Oncology(a)(c) | 220,000 | 254,669 | ||||||
| Antengene Corp. Ltd.(a)(c) | 241,000 | 123,699 | ||||||
| Anxin-China Holdings Ltd.(d) | 1,084,000 | 1 | ||||||
| Ascentage Pharma Group International(a)(b)(c) | 88,300 | 252,584 | ||||||
| Asia Cement China Holdings Corp. | 322,000 | 131,089 | ||||||
| Ausnutria Dairy Corp. Ltd. | 150,000 | 77,650 | ||||||
| Bairong Inc. (a)(b)(c) | 75,000 | 81,887 | ||||||
| Baozun Inc., ADR(a)(b) | 22,725 | 98,626 | ||||||
| Beijing Chunlizhengda Medical Instruments Co. Ltd., Class H | 36,750 | 67,092 | ||||||
| Beijing Jingneng Clean Energy Co. Ltd., Class H | 600,000 | 132,852 | ||||||
| Beijing Tong Ren Tang Chinese Medicine Co. Ltd. | 150,000 | 194,897 | ||||||
| Binjiang Service Group Co. Ltd. | 45,000 | 105,786 | ||||||
| BOE Varitronix Ltd. | 137,000 | 252,885 | ||||||
| Boshiwa International Holding Ltd.(d) | 32,000 | — | ||||||
| Brii Biosciences Ltd.(a) | 166,500 | 185,425 | ||||||
| Canaan Inc., ADR(a)(b) | 74,050 | 192,530 | ||||||
| Canvest Environmental Protection Group Co. Ltd. | 265,000 | 149,465 | ||||||
| CARsgen Therapeutics Holdings Ltd., NVS(a)(b)(c) | 73,000 | 131,490 | ||||||
| Central China New Life Ltd. | 262,000 | 112,632 | ||||||
1
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| CGN Mining Co. Ltd.(a) | 1,005,000 | $ | 108,347 | |||||
| CGN New Energy Holdings Co. Ltd. | 532,000 | 187,747 | ||||||
| Changsha Broad Homes Industrial Group Co Ltd., | ||||||||
| Class H(a)(b)(c) | 90,000 | 68,788 | ||||||
| China Animal Healthcare Ltd.(d) | 126,000 | — | ||||||
| China Aoyuan Group Ltd.(a)(b)(d) | 603,000 | 59,722 | ||||||
| China BlueChemical Ltd., Class H | 968,000 | 225,066 | ||||||
| China Conch Environment Protection Holdings Ltd.(a) | 675,000 | 293,144 | ||||||
| China Datang Corp. Renewable Power Co. Ltd., Class H | 975,000 | 282,417 | ||||||
| China Education Group Holdings Ltd. | 428,000 | 457,866 | ||||||
| China Everbright Greentech Ltd.(b)(c) | 600,000 | 124,309 | ||||||
| China Everbright Ltd. | 450,000 | 315,042 | ||||||
| China Foods Ltd. | 530,000 | 172,399 | ||||||
| China High Speed Transmission Equipment Group Co. Ltd.(a) | 238,000 | 111,078 | ||||||
| China Huiyuan Juice Group Ltd.(d) | 379,000 | — | ||||||
| China Lilang Ltd. | 327,000 | 154,479 | ||||||
| China Metal Recycling Holdings Ltd.(d) | 12,000 | — | ||||||
| China Modern Dairy Holdings Ltd.(b) | 2,550,000 | 319,110 | ||||||
| China Nonferrous Mining Corp Ltd. | 636,000 | 304,275 | ||||||
| China Oriental Group Co. Ltd. | 900,000 | 161,643 | ||||||
| China Overseas Grand Oceans Group Ltd.(b) | 912,000 | 422,670 | ||||||
| China Renaissance Holdings Ltd.(b)(c) | 172,500 | 168,938 | ||||||
| China Shineway Pharmaceutical Group Ltd. | 183,000 | 166,095 | ||||||
| China South City Holdings Ltd.(a) | 2,550,000 | 187,503 | ||||||
| China Tobacco International HK Co. Ltd.(b) | 129,000 | 168,000 | ||||||
| China Travel International Investment Hong Kong Ltd.(a)(b) | 1,588,000 | 300,936 | ||||||
| China Water Affairs Group Ltd.(b) | 406,000 | 330,871 | ||||||
| China XLX Fertiliser Ltd. | 322,000 | 171,125 | ||||||
| China Youran Dairy Group Ltd.(a)(b)(c) | 772,000 | 201,209 | ||||||
| China Yuhua Education Corp. Ltd.(a)(c) | 750,000 | 109,192 | ||||||
| China Zhongwang Holdings Ltd.(a)(b)(d) | 696,800 | 69,234 | ||||||
| Chindata Group Holdings Ltd., ADR(a) | 46,050 | 329,718 | ||||||
| CIFI Ever Sunshine Services Group Ltd. | 64,000 | 36,953 | ||||||
| CIFI Holdings Group Co. Ltd. | 854,000 | 129,014 | ||||||
| CIMC Enric Holdings Ltd. | 340,000 | 367,239 | ||||||
| CMGE Technology Group Ltd.(a) | 900,000 | 179,800 | ||||||
| COFCO Joycome Foods Ltd. | 1,050,000 | 308,600 | ||||||
| Concord New Energy Group Ltd. | 3,000,000 | 266,536 | ||||||
| Cosmopolitan International Holdings Ltd.(a) | 950,000 | 172,271 | ||||||
| CStone Pharmaceuticals(a)(b)(c) | 343,000 | 153,991 | ||||||
| Dada Nexus Ltd., ADR(a)(b) | 40,682 | 253,449 | ||||||
| Dexin China Holdings Co. Ltd. | 750,000 | 89,262 | ||||||
| Differ Group Auto Ltd.(b) | 1,548,000 | 332,803 | ||||||
| Digital China Holdings Ltd. | 514,000 | 235,658 | ||||||
| Everest Medicines Ltd.(a)(b)(c) | 112,500 | 168,047 | ||||||
| Excellence Commercial Property & Facilities Management Group Ltd.(b) | 312,000 | 145,898 | ||||||
| FIH Mobile Ltd. (a) | 1,500,000 | 163,085 | ||||||
| FinVolution Group, ADR | 51,450 | 240,271 | ||||||
| Fu Shou Yuan International Group Ltd. | 599,000 | 439,046 | ||||||
| Fufeng Group Ltd. | 720,400 | 458,955 | ||||||
| Ganglong China Property Group Ltd.(a)(b) | 310,000 | 28,700 | ||||||
| Gemdale Properties & Investment Corp. Ltd. | 3,268,000 | 256,831 | ||||||
| Genertec Universal Medical Group Co. Ltd.(c) | 525,000 | 288,995 | ||||||
| Golden Solar New Energy Technology Holdings Ltd. (a) | 216,800 | 250,125 | ||||||
| GOME Retail Holdings Ltd.(a)(b) | 5,175,000 | 132,784 | ||||||
| Grand Pharmaceutical Group Ltd., Class A | 562,500 | 298,217 | ||||||
| Greentown Management Holdings Co. Ltd.(c) | 300,000 | 268,021 | ||||||
| Guangzhou R&F Properties Co. Ltd., Class H(a)(b) | 180,000 | 45,544 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Guizhou Zhongyida Co. Ltd.(a) | 232,600 | $ | 116,112 | |||||
| Hainan Meilan International Airport Co. Ltd., Class H(a)(b) | 111,000 | 306,463 | ||||||
| Hangzhou Steam Turbine Power Group Co. Ltd., Class B | 155,464 | 211,660 | ||||||
| Harbin Electric Co. Ltd., Class H(a) | 356,000 | 150,822 | ||||||
| Helens International Holdings Co. Ltd. (a)(b) | 138,500 | 274,250 | ||||||
| Hello Group Inc., ADR | 57,344 | 329,155 | ||||||
| Hope Education Group Co. Ltd.(b)(c) | 1,932,000 | 191,004 | ||||||
| Hopson Development Holdings Ltd. | 211,800 | 240,788 | ||||||
| Hua Han Health Industry Holdings Ltd.(d) | 1,112,400 | 1 | ||||||
| Hua Medicine(a)(c) | 450,000 | 198,310 | ||||||
| Huabao International Holdings Ltd.(b) | 300,000 | 159,428 | ||||||
| iDreamSky Technology Holdings Ltd.(a)(b)(c) | 420,000 | 216,644 | ||||||
| I-Mab, ADR(a) | 32,280 | 119,436 | ||||||
| International Alliance Financial Leasing Co. Ltd. (a)(b)(c) | 281,200 | 159,157 | ||||||
| IVD Medical Holding Ltd.(b) | 450,000 | 106,408 | ||||||
| Jinchuan Group International Resources Co. Ltd. | 1,875,000 | 143,598 | ||||||
| JinkoSolar Holding Co. Ltd., ADR(a) | 17,250 | 884,580 | ||||||
| Jinxin Fertility Group Ltd.(c) | 394,500 | 305,561 | ||||||
| Joy Spreader Group Inc.(a)(b) | 825,000 | 194,884 | ||||||
| Kangji Medical Holdings Ltd. | 153,000 | 154,544 | ||||||
| Kingsoft Cloud Holdings Ltd., ADR(a)(b) | 42,075 | 127,066 | ||||||
| Kintor Pharmaceutical Ltd. (a)(b)(c) | 75,000 | 129,372 | ||||||
| KWG Group Holdings Ltd.(a) | 262,500 | 60,863 | ||||||
| Lee & Man Paper Manufacturing Ltd. | 651,000 | 252,195 | ||||||
| LexinFintech Holdings Ltd., ADR(a) | 68,626 | 124,213 | ||||||
| Lifetech Scientific Corp. (a) | 1,568,000 | 510,162 | ||||||
| Lonking Holdings Ltd. | 1,184,000 | 211,675 | ||||||
| Luoyang Glass Co. Ltd., Class H (a)(b) | 150,000 | 184,831 | ||||||
| Luye Pharma Group Ltd. (a)(c) | 343,000 | 133,495 | ||||||
| Meitu Inc.(a)(b)(c) | 1,335,000 | 191,321 | ||||||
| MH Development Ltd.(d) | 32,500 | 1,062 | ||||||
| Midea Real Estate Holding Ltd.(b)(c) | 157,600 | 226,560 | ||||||
| Ming Yuan Cloud Group Holdings Ltd. | 59,000 | 45,397 | ||||||
| MMG Ltd.(a) | 544,000 | 140,685 | ||||||
| Mobvista Inc.(a)(c) | 300,000 | 157,781 | ||||||
| Nayuki Holdings Ltd.(a) | 198,000 | 158,286 | ||||||
| NetDragon Websoft Holdings Ltd. | 127,500 | 253,999 | ||||||
| New Horizon Health Ltd.(a)(b)(c) | 104,500 | 280,294 | ||||||
| Nexteer Automotive Group Ltd. | 451,000 | 300,006 | ||||||
| Noah Holdings Ltd., ADR(a) | 11,922 | 174,896 | ||||||
| Ocumension Therapeutics(a)(c) | 146,000 | 138,957 | ||||||
| Peijia Medical Ltd.(a)(c) | 217,000 | 218,123 | ||||||
| Pou Sheng International Holdings Ltd. | 1,230,000 | 85,864 | ||||||
| Powerlong Real Estate Holdings Ltd. | 150,000 | 24,423 | ||||||
| Radiance Holdings Group Co. Ltd.(b) | 377,000 | 212,851 | ||||||
| Redco Properties Group Ltd.(a)(b)(c) | 570,000 | 125,105 | ||||||
| ReneSola Ltd., ADR(a)(b) | 30,715 | 144,975 | ||||||
| RLX Technology Inc., ADR(a) | 131,608 | 302,698 | ||||||
| Seazen Group Ltd.(a) | 430,000 | 192,678 | ||||||
| Shanghai Bio-heart Biological Technology Co. Ltd., NVS | 8,200 | 19,715 | ||||||
| Shanghai Industrial Holdings Ltd. | 225,000 | 265,291 | ||||||
| Shenzhen Investment Ltd. | 900,000 | 147,182 | ||||||
| Shoucheng Holdings Ltd. | 1,343,200 | 286,397 | ||||||
| Shougang Fushan Resources Group Ltd. | 900,000 | 305,168 | ||||||
| Shui On Land Ltd. | 1,767,000 | 211,606 | ||||||
| Sihuan Pharmaceutical Holdings Group Ltd. | 1,964,000 | 219,484 | ||||||
| Sino-Ocean Group Holding Ltd. | 1,425,000 | 181,651 | ||||||
| Sinopec Engineering Group Co. Ltd., Class H | 622,500 | 255,977 | ||||||
| Sinopec Kantons Holdings Ltd.(b) | 450,000 | 153,867 | ||||||
2
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Skyworth Group Ltd. | 648,000 | $ | 247,531 | |||||
| SOHO China Ltd.(a) | 1,312,500 | 224,889 | ||||||
| SSY Group Ltd. | 706,000 | 354,190 | ||||||
| Sun King Technology Group Ltd.(a) | 470,000 | 101,089 | ||||||
| Sunac Services Holdings Ltd.(c) | 375,000 | 155,706 | ||||||
| Superb Summit International Group Ltd.(d) | 11,913 | 1 | ||||||
| SY Holdings Group Ltd. | 223,000 | 167,164 | ||||||
| TCL Electronics Holdings Ltd. | 490,000 | 201,630 | ||||||
| Tiangong International Co. Ltd. | 750,000 | 309,249 | ||||||
| Tianjin Port Development Holdings Ltd. | 902,000 | 63,509 | ||||||
| Tianneng Power International Ltd.(b) | 328,000 | 354,267 | ||||||
| Tong Ren Tang Technologies Co. Ltd., Class H | 265,000 | 176,221 | ||||||
| Tongdao Liepin Group(a) | 90,000 | 90,932 | ||||||
| Towngas Smart Energy Co. Ltd. | 450,000 | 204,868 | ||||||
| Truly International Holdings Ltd. | 900,000 | 159,764 | ||||||
| Tuya Inc.(a)(b) | 133,731 | 159,140 | ||||||
| Untrade SMI Holdings(d) | 468,800 | 1 | ||||||
| Up Fintech Holding Ltd., ADR(a) | 52,029 | 270,031 | ||||||
| Venus MedTech Hangzhou Inc., Class H(a)(c) | 126,000 | 209,312 | ||||||
| Vnet Group Inc., ADR(a)(b) | 38,260 | 191,683 | ||||||
| Weimob Inc.(a)(b)(c) | 883,000 | 511,797 | ||||||
| West China Cement Ltd. | 1,760,000 | 194,991 | ||||||
| Wuling Motors Holdings Ltd.(b) | 750,000 | 82,747 | ||||||
| XD Inc.(a) | 109,600 | 285,750 | ||||||
| Xiabuxiabu Catering Management China Holdings Co. Ltd.(c) | 187,000 | 182,668 | ||||||
| Yeahka Ltd.(a)(b) | 107,600 | 272,100 | ||||||
| Yidu Tech Inc. (a)(c) | 242,800 | 163,732 | ||||||
| Yuexiu REIT. | 1,260,000 | 307,975 | ||||||
| Yuexiu Transport Infrastructure Ltd. | 554,000 | 259,454 | ||||||
| Zhou Hei Ya International Holdings Co. Ltd.(c) | 498,500 | 319,342 | ||||||
| Zhuguang Holdings Group Co. Ltd.(a)(b) | 1,050,000 | 89,342 | ||||||
| 33,890,908 | ||||||||
| Colombia — 0.1% | ||||||||
| Cementos Argos SA | 222,518 | 161,450 | ||||||
| Corp. Financiera Colombiana SA(a) | 37,800 | 123,860 | ||||||
| Grupo Argos SA | 125,625 | 257,599 | ||||||
| 542,909 | ||||||||
| Czech Republic — 0.1% | ||||||||
| Colt CZ Group SE | 3,267 | 78,056 | ||||||
| Philip Morris CR AS | 171 | 124,249 | ||||||
| 202,305 | ||||||||
| Egypt — 0.3% | ||||||||
| Cairo Investment & Real Estate Development Co. SAE | 134,772 | 73,769 | ||||||
| Cleopatra Hospital(a) | 470,267 | 87,467 | ||||||
| E-Finance for Digital & Financial Investments, NVS | 136,613 | 100,091 | ||||||
| EISewedy Electric Co.(a) | 267,345 | 101,395 | ||||||
| Fawry for Banking & Payment Technology Services SAE(a) | 339,221 | 67,290 | ||||||
| Juhayna Food Industries | 104,275 | 28,195 | ||||||
| Misr Fertilizers Production Co. SAE | 17,546 | 94,913 | ||||||
| Talaat Moustafa Group. | 499,040 | 176,991 | ||||||
| Telecom Egypt Co. | 212,632 | 199,463 | ||||||
| 929,574 | ||||||||
| Greece — 0.5% | ||||||||
| Aegean Airlines SA(a) | 16,104 | 83,932 | ||||||
| Athens Water Supply & Sewage Co. SA | 16,959 | 125,099 | ||||||
| GEK Terna Holding Real Estate Construction SA | 18,832 | 188,276 | ||||||
| Hellenic Energy Holdings SA | 10,949 | 81,479 | ||||||
| Security | Shares | Value | ||||||
| Greece (continued) | ||||||||
| Holding Co. ADMIE IPTO SA | 31,841 | $ | 57,846 | |||||
| LAMDA Development SA(a) | 33,211 | 200,372 | ||||||
| Motor Oil Hellas Corinth Refineries SA | 23,654 | 477,481 | ||||||
| Piraeus Financial Holdings SA(a) | 285,977 | 425,894 | ||||||
| Sarantis SA | 12,374 | 83,439 | ||||||
| Titan Cement International SA | 17,897 | 232,622 | ||||||
| 1,956,440 | ||||||||
| Hong Kong — 0.0% | ||||||||
| LK Technology Holdings Ltd. | 72,500 | 71,749 | ||||||
| National Agricultural Holdings Ltd., NVS(d) | 354,000 | 453 | ||||||
| 72,202 | ||||||||
| Hungary — 0.0% | ||||||||
| Magyar Telekom Telecommunications PLC | 154,732 | 135,494 | ||||||
| India — 23.4% | ||||||||
| 3M India Ltd. | 1,275 | 366,699 | ||||||
| Aarti Drugs Ltd. | 14,775 | 82,676 | ||||||
| Aarti Industries Ltd. | 78,600 | 654,031 | ||||||
| Aarti Pharmalabs Ltd., NVS | 19,126 | 53,839 | ||||||
| Aavas Financiers Ltd.(a) | 18,906 | 445,614 | ||||||
| Aditya Birla Capital Ltd.(a) | 195,750 | 351,491 | ||||||
| Aditya Birla Fashion and Retail Ltd.(a) | 126,525 | 491,935 | ||||||
| Advanced Enzyme Technologies Ltd. | 24,150 | 84,314 | ||||||
| Aegis Logistics Ltd. | 59,100 | 237,097 | ||||||
| Affle India Ltd.(a) | 24,750 | 385,753 | ||||||
| AIA Engineering Ltd. | 19,275 | 640,705 | ||||||
| Ajanta Pharma Ltd. | 17,775 | 269,061 | ||||||
| Alembic Pharmaceuticals Ltd. | 23,775 | 174,053 | ||||||
| Alkyl Amines Chemicals | 5,400 | 188,127 | ||||||
| Allcargo Logistics Ltd. | 44,331 | 243,641 | ||||||
| Alok Industries Ltd.(a) | 647,025 | 126,735 | ||||||
| Amara Raja Batteries Ltd. | 15,055 | 120,192 | ||||||
| Amber Enterprises India Ltd.(a) | 7,575 | 179,519 | ||||||
| Angel One Ltd. | 11,550 | 228,840 | ||||||
| APL Apollo Tubes Ltd. | 64,356 | 887,749 | ||||||
| Apollo Tyres Ltd. | 136,425 | 533,093 | ||||||
| Asahi India Glass Ltd. | 29,331 | 222,730 | ||||||
| Ashok Leyland Ltd. | 591,900 | 1,089,020 | ||||||
| Aster DM Healthcare Ltd.(a)(c) | 64,350 | 188,021 | ||||||
| Astral Ltd. | 36,869 | 857,969 | ||||||
| AstraZeneca Pharma India Ltd. | 2,775 | 115,332 | ||||||
| Atul Ltd. | 6,300 | 649,627 | ||||||
| Avanti Feeds Ltd. | 19,261 | 91,239 | ||||||
| Bajaj Electricals Ltd. | 19,125 | 262,694 | ||||||
| Balaji Amines Ltd. | 4,200 | 158,295 | ||||||
| Balrampur Chini Mills Ltd. | 54,687 | 259,453 | ||||||
| BASF India Ltd. | 4,987 | 163,117 | ||||||
| Bata India Ltd. | 19,641 | 415,939 | ||||||
| Bayer CropScience Ltd. | 5,925 | 337,940 | ||||||
| BEML Ltd. | 9,075 | 164,480 | ||||||
| BEML Ltd., NVS | 8,107 | 29,049 | ||||||
| Bharat Dynamics Ltd. | 17,332 | 208,245 | ||||||
| Bharat Heavy Electricals Ltd. | 363,750 | 377,300 | ||||||
| Birla Corp. Ltd. | 11,325 | 132,641 | ||||||
| Birlasoft Ltd. | 70,125 | 266,249 | ||||||
| Blue Dart Express Ltd. | 2,325 | 218,200 | ||||||
| Blue Star Ltd. | 25,050 | 377,733 | ||||||
| Borosil Renewables Ltd.(a) | 20,625 | 139,516 | ||||||
| Brigade Enterprises Ltd. | 47,700 | 286,501 | ||||||
| Brightcom Group Ltd. | 392,250 | 175,170 | ||||||
3
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Brookfield India Real Estate Trust(c) | 55,842 | $ | 200,527 | |||||
| BSE Ltd. | 25,192 | 179,522 | ||||||
| Can Fin Homes Ltd. | 29,550 | 201,699 | ||||||
| Carborundum Universal Ltd. | 44,700 | 468,414 | ||||||
| Castrol India Ltd. | 175,800 | 284,931 | ||||||
| CCL Products India Ltd. | 38,865 | 261,707 | ||||||
| CE Info Systems Ltd. | 8,406 | 126,115 | ||||||
| Ceat Ltd. | 10,644 | 247,304 | ||||||
| Central Depository Services India Ltd. | 20,325 | 311,141 | ||||||
| Century Plyboards India Ltd. | 19,875 | 132,763 | ||||||
| Century Textiles & Industries Ltd. | 25,500 | 253,864 | ||||||
| CESC Ltd. | 244,500 | 224,224 | ||||||
| CG Power and Industrial Solutions Ltd.(a) | 247,516 | 851,060 | ||||||
| Chambal Fertilisers and Chemicals Ltd. | 74,100 | 279,251 | ||||||
| Chemplast Sanmar Ltd.(a) | 27,659 | 132,714 | ||||||
| Cholamandalam Financial Holdings Ltd. | 42,375 | 308,644 | ||||||
| City Union Bank Ltd. | 137,850 | 321,798 | ||||||
| Clean Science and Technology. | 10,650 | 196,510 | ||||||
| Coforge Ltd. | 10,575 | 531,081 | ||||||
| Computer Age Management Services Ltd. | 11,475 | 325,780 | ||||||
| Coromandel International Ltd. | 45,225 | 518,610 | ||||||
| CreditAccess Grameen Ltd.(a) | 21,460 | 254,555 | ||||||
| CRISIL Ltd. | 6,450 | 232,147 | ||||||
| Crompton Greaves Consumer Electricals Ltd. | 231,826 | 1,036,850 | ||||||
| Cummins India Ltd. | 50,250 | 877,995 | ||||||
| Cyient Ltd. | 37,350 | 385,552 | ||||||
| Dalmia Bharat Ltd. | 31,125 | 697,256 | ||||||
| Deepak Fertilisers & Petrochemicals Corp. Ltd. | 24,010 | 239,348 | ||||||
| Deepak Nitrite Ltd. | 28,725 | 771,116 | ||||||
| Delta Corp. Ltd. | 47,457 | 133,351 | ||||||
| Devyani International Ltd.(a) | 100,875 | 234,655 | ||||||
| Dixon Technologies India Ltd. | 13,125 | 689,146 | ||||||
| Dr Lal PathLabs Ltd.(c) | 15,307 | 461,552 | ||||||
| Easy Trip Planners Ltd., NVS | 209,400 | 162,457 | ||||||
| eClerx Services Ltd. | 10,137 | 180,974 | ||||||
| EID Parry India Ltd. | 41,051 | 304,797 | ||||||
| Elgi Equipments Ltd. | 55,925 | 326,198 | ||||||
| Emami Ltd. | 68,574 | 404,683 | ||||||
| Embassy Office Parks REIT. | 176,550 | 743,647 | ||||||
| Endurance Technologies Ltd.(c) | 16,050 | 301,563 | ||||||
| Engineers India Ltd. | 225,835 | 224,048 | ||||||
| EPL Ltd. | 51,675 | 103,629 | ||||||
| Eris Lifesciences Ltd.(c) | 18,375 | 152,760 | ||||||
| Exide Industries Ltd. | 187,050 | 436,024 | ||||||
| Federal Bank Ltd. | 642,150 | 1,043,585 | ||||||
| Fine Organic Industries Ltd. | 3,298 | 254,395 | ||||||
| Finolex Cables Ltd. | 31,650 | 216,110 | ||||||
| Finolex Industries Ltd. | 109,650 | 212,584 | ||||||
| Firstsource Solutions Ltd. | 120,184 | 164,018 | ||||||
| Fortis Healthcare Ltd.(a) | 192,450 | 686,441 | ||||||
| GHCL Ltd. | 24,089 | 171,562 | ||||||
| Gillette India Ltd. | 3,546 | 223,615 | ||||||
| GlaxoSmithKline Pharmaceuticals Ltd. | 11,625 | 191,281 | ||||||
| Glenmark Pharmaceuticals Ltd. | 59,025 | 312,726 | ||||||
| GMM Pfaudler Ltd. | 13,500 | 324,569 | ||||||
| GMR Airports Infrastructure Ltd.(a) | 962,869 | 509,561 | ||||||
| Go Fashion India Ltd.(a) | 4,905 | 73,639 | ||||||
| Godawari Power and Ispat Ltd. | 23,925 | 93,682 | ||||||
| Godrej Industries Ltd.(a) | 18,486 | 104,960 | ||||||
| Granules India Ltd. | 58,725 | 250,342 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Graphite India Ltd. | 39,525 | $ | 191,864 | |||||
| Great Eastern Shipping Co. Ltd. (The) | 47,325 | 387,797 | ||||||
| Greaves Cotton Ltd. | 67,990 | 125,017 | ||||||
| Greenpanel Industries Ltd. | 20,850 | 99,953 | ||||||
| Grindwell Norton Ltd. | 17,475 | 414,815 | ||||||
| Gujarat Ambuja Exports Ltd. | 32,025 | 90,800 | ||||||
| Gujarat Fluorochemicals Ltd. | 10,200 | 441,692 | ||||||
| Gujarat Gas Ltd. | 71,025 | 436,084 | ||||||
| Gujarat Mineral Development Corp. Ltd. | 53,746 | 104,627 | ||||||
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 31,575 | 233,554 | ||||||
| Gujarat State Petronet Ltd. | 127,230 | 422,490 | ||||||
| Happiest Minds Technologies Ltd. | 24,900 | 293,017 | ||||||
| HFCL Ltd. | 301,800 | 296,885 | ||||||
| Hitachi Energy India Ltd. | 4,093 | 149,432 | ||||||
| ICICI Securities Ltd.(c) | 41,300 | 269,229 | ||||||
| IDFC First Bank Ltd.(a) | 1,291,650 | 937,166 | ||||||
| IDFC Ltd. | 498,225 | 504,265 | ||||||
| IIFL Finance Ltd. | 52,275 | 301,824 | ||||||
| IIFL Wealth Management Ltd. | 15,900 | 357,570 | ||||||
| India Cements Ltd. (The). | 64,575 | 191,785 | ||||||
| Indiabulls Real Estate Ltd.(a) | 236,906 | 243,546 | ||||||
| IndiaMART Intermesh Ltd.(c) | 6,975 | 377,545 | ||||||
| Indian Bank | 116,058 | 383,313 | ||||||
| Indian Energy Exchange Ltd.(c) | 173,250 | 316,885 | ||||||
| Indigo Paints Ltd. | 5,025 | 82,960 | ||||||
| Inox Leisure Ltd.(a) | 32,925 | 219,103 | ||||||
| Intellect Design Arena Ltd. | 37,500 | 212,902 | ||||||
| Ipca Laboratories Ltd. | 55,500 | 593,337 | ||||||
| IRB Infrastructure Developers Ltd. | 54,307 | 188,225 | ||||||
| Jaiprakash Power Ventures Ltd.(a) | 1,541,472 | 146,731 | ||||||
| JB Chemicals & Pharmaceuticals Ltd. | 14,672 | 364,743 | ||||||
| JK Cement Ltd. | 14,775 | 559,696 | ||||||
| JK Lakshmi Cement Ltd. | 28,200 | 248,582 | ||||||
| JK Paper Ltd. | 42,572 | 221,208 | ||||||
| JM Financial Ltd. | 278,666 | 255,864 | ||||||
| Johnson Controls-Hitachi Air Conditioning India Ltd.(a) | 4,650 | 67,477 | ||||||
| Jubilant Ingrevia Ltd. | 30,386 | 201,553 | ||||||
| Jubilant Pharmova Ltd. | 34,425 | 166,182 | ||||||
| Just Dial Ltd.(a) | 12,365 | 91,369 | ||||||
| Kajaria Ceramics Ltd. | 32,550 | 461,259 | ||||||
| Kansai Nerolac Paints Ltd. | 56,204 | 310,116 | ||||||
| Karur Vysya Bank Ltd. (The) | 168,150 | 208,080 | ||||||
| Kaveri Seed Co. Ltd. | 20,100 | 126,172 | ||||||
| KEC International Ltd. | 54,430 | 279,836 | ||||||
| KEI Industries Ltd. | 26,325 | 497,051 | ||||||
| KNR Constructions Ltd. | 95,770 | 308,015 | ||||||
| KPIT Technologies Ltd. | 65,175 | 578,488 | ||||||
| KPR Mill Ltd. | 36,575 | 250,851 | ||||||
| Krishna Institute Of Medical Sciences Ltd.(a)(c) | 13,575 | 250,315 | ||||||
| L&T Finance Holdings Ltd. | 312,625 | 336,590 | ||||||
| Lakshmi Machine Works Ltd. | 2,013 | 329,540 | ||||||
| Laurus Labs Ltd.(c) | 139,223 | 716,426 | ||||||
| Laxmi Organic Industries Ltd. | 26,475 | 98,206 | ||||||
| Lemon Tree Hotels Ltd.(a)(c) | 212,791 | 265,702 | ||||||
| LIC Housing Finance Ltd. | 116,132 | 553,880 | ||||||
| Linde India Ltd. | 8,769 | 330,411 | ||||||
| Mahanagar Gas Ltd. | 27,091 | 301,221 | ||||||
| Mahindra & Mahindra Financial Services Ltd. | 252,825 | 671,800 | ||||||
| Mahindra CIE Automotive Ltd. | 54,623 | 191,436 | ||||||
| Mahindra Lifespace Developers Ltd. | 37,411 | 178,827 | ||||||
4
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Manappuram Finance Ltd. | 222,218 | $ | 316,672 | |||||
| Mastek Ltd. | 6,900 | 145,863 | ||||||
| Max Financial Services Ltd.(a) | 85,950 | 744,454 | ||||||
| Max Healthcare Institute Ltd.(a) | 313,029 | 1,735,174 | ||||||
| Medplus Health Services Ltd.(a) | 20,046 | 169,208 | ||||||
| Metropolis Healthcare Ltd.(c) | 12,600 | 228,426 | ||||||
| Mindspace Business Parks REIT(c) | 60,000 | 246,635 | ||||||
| Motherson Sumi Wiring India Ltd. | 918,466 | 704,822 | ||||||
| Motilal Oswal Financial Services Ltd. | 17,400 | 142,077 | ||||||
| Multi Commodity Exchange of India Ltd. | 9,552 | 184,296 | ||||||
| Narayana Hrudayalaya Ltd. | 36,596 | 334,788 | ||||||
| Natco Pharma Ltd. | 30,801 | 213,133 | ||||||
| National Aluminium Co. Ltd. | 338,850 | 324,493 | ||||||
| Navin Fluorine International Ltd. | 13,200 | 705,674 | ||||||
| Nazara Technologies Ltd.(a) | 10,350 | 75,667 | ||||||
| NCC Ltd./India | 261,690 | 267,347 | ||||||
| Network18 Media & Investments Ltd.(a) | 67,050 | 56,187 | ||||||
| NIIT Ltd. | 36,900 | 144,873 | ||||||
| Nippon Life India Asset Management Ltd.(c) | 54,525 | 182,215 | ||||||
| Nuvoco Vistas Corp. Ltd.(a) | 50,850 | 232,991 | ||||||
| Oberoi Realty Ltd. | 53,956 | 615,145 | ||||||
| Oil India Ltd. | 101,475 | 257,085 | ||||||
| Olectra Greentech Ltd. | 23,100 | 143,574 | ||||||
| Oracle Financial Services Software Ltd. | 8,700 | 334,095 | ||||||
| Orient Electric Ltd. | 64,200 | 222,940 | ||||||
| Paisalo Digital Ltd. | 126,750 | 127,786 | ||||||
| PB Fintech Ltd.(a) | 64,806 | 362,246 | ||||||
| Persistent Systems Ltd. | 20,025 | 1,034,570 | ||||||
| Phoenix Mills Ltd. (The). | 44,325 | 797,020 | ||||||
| Piramal Enterprises Ltd. | 46,146 | 469,336 | ||||||
| Piramal Pharma Ltd., NVS(a) | 203,263 | 335,210 | ||||||
| Poly Medicure Ltd. | 15,970 | 191,571 | ||||||
| Polycab India Ltd. | 17,250 | 546,150 | ||||||
| Polyplex Corporation Ltd. | 7,823 | 173,254 | ||||||
| Poonawalla Fincorp Ltd. | 106,800 | 410,587 | ||||||
| Praj Industries Ltd. | 48,525 | 234,756 | ||||||
| Prestige Estates Projects Ltd. | 66,591 | 389,438 | ||||||
| Procter & Gamble Health Ltd. | 3,450 | 176,683 | ||||||
| PVR Ltd.(a) | 19,875 | 454,498 | ||||||
| Quess Corp. Ltd.(c) | 30,300 | 164,286 | ||||||
| Radico Khaitan Ltd. | 32,700 | 426,624 | ||||||
| Rain Industries Ltd. | 88,641 | 197,694 | ||||||
| Rajesh Exports Ltd. | 25,275 | 236,973 | ||||||
| Ramco Cements Ltd. (The) | 44,296 | 369,097 | ||||||
| Ratnamani Metals & Tubes Ltd. | 12,258 | 291,842 | ||||||
| RattanIndia Enterprises Ltd.(a) | 191,325 | 118,223 | ||||||
| Raymond Ltd. | 16,779 | 283,260 | ||||||
| RBL Bank Ltd.(a)(c) | 192,742 | 366,456 | ||||||
| REC Ltd. | 474,634 | 646,445 | ||||||
| Redington Ltd. | 236,680 | 525,092 | ||||||
| Relaxo Footwears Ltd. | 21,525 | 251,586 | ||||||
| Reliance Infrastructure Ltd.(a) | 91,166 | 178,017 | ||||||
| Reliance Power Ltd.(a) | 1,032,825 | 204,360 | ||||||
| Rhi Magnesita India Ltd. | 19,500 | 182,457 | ||||||
| Route Mobile Ltd. | 14,325 | 234,884 | ||||||
| Sanofi India Ltd. | 3,150 | 221,643 | ||||||
| Saregama India Ltd. | 41,542 | 194,941 | ||||||
| Schaeffler India Ltd. | 719 | 23,797 | ||||||
| Sharda Cropchem Ltd. | 8,100 | 41,178 | ||||||
| Sheela Foam Ltd.(a) | 5,625 | 178,818 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Shoppers Stop Ltd.(a) | 20,523 | $ | 173,525 | |||||
| Shree Renuka Sugars Ltd.(a) | 295,500 | 213,771 | ||||||
| SKF India Ltd. | 10,689 | 620,252 | ||||||
| Sobha Ltd. | 23,925 | 185,001 | ||||||
| Solar Industries India Ltd. | 11,625 | 557,432 | ||||||
| Sonata Software Ltd. | 33,697 | 244,145 | ||||||
| SpiceJet Ltd.(a) | 9,464 | 4,459 | ||||||
| Sterlite Technologies Ltd. | 103,350 | 226,425 | ||||||
| Sumitomo Chemical India Ltd. | 38,341 | 223,806 | ||||||
| Sun TV Network Ltd. | 34,650 | 210,423 | ||||||
| Sundram Fasteners Ltd. | 41,250 | 465,176 | ||||||
| Suprajit Engineering Ltd. | 36,750 | 158,205 | ||||||
| Supreme Industries Ltd. | 25,875 | 774,364 | ||||||
| Supreme Petrochem Ltd. | 13,875 | 130,018 | ||||||
| Suven Pharmaceuticals Ltd. | 43,425 | 248,510 | ||||||
| Suzlon Energy Ltd.(a) | 2,411,215 | 276,912 | ||||||
| Syngene International Ltd.(c) | 52,200 | 391,554 | ||||||
| Tanla Platforms Ltd. | 26,550 | 261,118 | ||||||
| Tata Chemicals Ltd. | 55,554 | 709,648 | ||||||
| Tata Communications Ltd. | 45,314 | 727,417 | ||||||
| Tata Teleservices Maharashtra Ltd.(a) | 207,000 | 259,397 | ||||||
| TCI Express Ltd. | 5,925 | 136,002 | ||||||
| TeamLease Services Ltd.(a) | 5,700 | 175,416 | ||||||
| Tejas Networks Ltd.(a)(c) | 29,250 | 237,273 | ||||||
| Thermax Ltd. | 17,250 | 435,776 | ||||||
| Thyrocare Technologies Ltd.(c) | 10,125 | 78,614 | ||||||
| Timken India Ltd. | 9,225 | 376,932 | ||||||
| Torrent Power Ltd. | 66,528 | 441,299 | ||||||
| Trident Ltd. | 500,850 | 220,258 | ||||||
| Triveni Engineering & Industries Ltd. | 42,300 | 154,078 | ||||||
| TTK Prestige Ltd. | 19,500 | 213,356 | ||||||
| TV18 Broadcast Ltd.(a) | 282,525 | 129,439 | ||||||
| UNO Minda Ltd. | 73,500 | 499,078 | ||||||
| UTI Asset Management Co. Ltd. | 18,075 | 174,252 | ||||||
| Vakrangee Ltd. | 282,000 | 107,054 | ||||||
| Vardhman Textiles Ltd. | 45,480 | 195,361 | ||||||
| V-Guard Industries Ltd. | 69,900 | 217,790 | ||||||
| Vijaya Diagnostic Centre Pvt Ltd. | 18,335 | 111,040 | ||||||
| Vinati Organics Ltd. | 12,225 | 323,592 | ||||||
| VIP Industries Ltd. | 30,525 | 270,488 | ||||||
| V-Mart Retail Ltd. | 5,400 | 186,498 | ||||||
| Vodafone Idea Ltd.(a) | 3,784,971 | 384,940 | ||||||
| Voltas Ltd. | 85,294 | 862,492 | ||||||
| Welspun Corp. Ltd. | 63,727 | 198,291 | ||||||
| Westlife Development Ltd.(a) | 31,384 | 279,931 | ||||||
| Whirlpool of India Ltd. | 13,050 | 245,679 | ||||||
| Yes Bank Ltd., (Acquired 03/16/20, Cost: $336,376)(e) | 433,083 | 88,469 | ||||||
| Yes Bank Ltd.(a) | 100 | 21 | ||||||
| Zee Entertainment Enterprises Ltd. | 332,987 | 1,084,834 | ||||||
| Zensar Technologies Ltd. | 45,300 | 125,098 | ||||||
| ZF Commercial Vehicle Control Systems India Ltd. | 1,529 | 182,583 | ||||||
| 87,878,069 | ||||||||
| Indonesia — 2.7% | ||||||||
| Ace Hardware Indonesia Tbk PT | 2,625,000 | 83,649 | ||||||
| AKR Corporindo Tbk PT | 3,938,000 | 347,925 | ||||||
| Astra Agro Lestari Tbk PT | 240,000 | 127,143 | ||||||
| Astrindo Nusantara Infrastructure Tbk PT(a) | 16,671,600 | 197,115 | ||||||
| Bank Aladin Syariah Tbk PT(a) | 2,085,000 | 188,865 | ||||||
| Bank BTPN Syariah Tbk PT | 945,000 | 192,869 | ||||||
| Bank Bukopin Tbk PT(a) | 7,215,000 | 59,164 | ||||||
5
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Indonesia (continued) | ||||||||
| Bank Neo Commerce Tbk PT(a) | 2,664,166 | $ | 126,074 | |||||
| Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 1,266,664 | 109,617 | ||||||
| Bank Tabungan Negara Persero Tbk PT | 1,890,000 | 185,149 | ||||||
| Berkah Beton Sadaya Tbk PT | 1,470,000 | 353,215 | ||||||
| BFI Finance Indonesia Tbk PT | 3,277,500 | 238,751 | ||||||
| Bukalapak.com PT Tbk(a) | 13,249,200 | 240,872 | ||||||
| Bukit Asam Tbk PT | 1,552,500 | 376,684 | ||||||
| Bumi Resources Minerals Tbk PT(a) | 16,117,500 | 188,345 | ||||||
| Bumi Resources Tbk PT(a) | 26,406,400 | 305,499 | ||||||
| Bumi Serpong Damai Tbk PT(a) | 3,232,500 | 188,819 | ||||||
| Ciputra Development Tbk PT | 4,117,763 | 265,163 | ||||||
| Cisarua Mountain Dairy PT TBK. | 420,000 | 125,214 | ||||||
| Digital Mediatama Maxima Tbk PT(a) | 750,000 | 56,733 | ||||||
| Erajaya Swasembada Tbk PT | 3,240,000 | 83,948 | ||||||
| Gudang Garam Tbk PT | 62,100 | 78,752 | ||||||
| Hanson International Tbk PT(a)(d) | 25,794,200 | — | ||||||
| Harum Energy Tbk PT | 1,050,000 | 118,132 | ||||||
| Indika Energy Tbk PT | 487,500 | 90,372 | ||||||
| Indo Tambangraya Megah Tbk PT | 165,100 | 439,728 | ||||||
| Indocement Tunggal Prakarsa Tbk PT | 495,000 | 314,301 | ||||||
| Industri Jamu Dan Farmasi Sido Muncul Tbk PT | 2,318,857 | 115,711 | ||||||
| Inti Agri Resources Tbk PT(a)(d) | 12,327,500 | — | ||||||
| Japfa Comfeed Indonesia Tbk PT | 1,950,000 | 165,340 | ||||||
| Jasa Marga Persero Tbk PT(a) | 945,000 | 187,263 | ||||||
| Lippo Karawaci Tbk PT(a) | 10,142,400 | 62,694 | ||||||
| Matahari Department Store Tbk PT | 382,500 | 125,922 | ||||||
| Medco Energi Internasional Tbk PT | 3,692,712 | 250,839 | ||||||
| Media Nusantara Citra Tbk PT(a) | 2,850,300 | 144,622 | ||||||
| Medikaloka Hermina Tbk PT | 2,697,700 | 261,513 | ||||||
| Metro Healthcare Indonesia TBK PT(a) | 8,287,500 | 253,922 | ||||||
| Mitra Adiperkasa Tbk PT(a) | 4,012,500 | 370,966 | ||||||
| Pabrik Kertas Tjiwi Kimia Tbk PT | 660,000 | 351,575 | ||||||
| Pacific Strategic Financial Tbk PT(a) | 2,992,500 | 213,050 | ||||||
| Pakuwon Jati Tbk PT | 7,335,000 | 221,212 | ||||||
| Panin Financial Tbk PT | 5,245,000 | 157,837 | ||||||
| Perusahaan Gas Negara Tbk PT | 4,440,000 | 534,368 | ||||||
| Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 1,605,000 | 110,931 | ||||||
| Smartfren Telecom Tbk PT(a) | 39,585,000 | 184,779 | ||||||
| Sugih Energy Tbk PT(a)(d) | 1,824,800 | — | ||||||
| Summarecon Agung Tbk PT | 4,440,050 | 180,205 | ||||||
| Surya Citra Media Tbk PT | 9,840,000 | 156,722 | ||||||
| Surya Esa Perkasa Tbk PT | 3,142,500 | 213,852 | ||||||
| Timah Tbk PT | 1,080,000 | 84,536 | ||||||
| Transcoal Pacific Tbk PT | 397,500 | 275,419 | ||||||
| Waskita Karya Persero Tbk PT(a) | 6,502,594 | 175,078 | ||||||
| XL Axiata Tbk PT | 1,312,600 | 182,163 | ||||||
| 10,062,617 | ||||||||
| Kuwait — 1.2% | ||||||||
| Al Ahli Bank of Kuwait KSCP | 300,000 | 330,717 | ||||||
| Boubyan Petrochemicals Co. KSCP | 204,525 | 544,480 | ||||||
| Boursa Kuwait Securities Co. KPSC | 42,975 | 326,357 | ||||||
| Burgan Bank SAK | 341,500 | 255,274 | ||||||
| Gulf Cable & Electrical Industries Co. KSCP | 24,675 | 106,317 | ||||||
| Humansoft Holding Co. KSC | 36,111 | 394,795 | ||||||
| Jazeera Airways Co. KSCP | 25,950 | 151,902 | ||||||
| Kuwait International Bank KSCP | 432,425 | 283,831 | ||||||
| Kuwait Projects Co. Holding KSCP | 745,228 | 300,505 | ||||||
| National Industries Group Holding SAK | 894,394 | 707,191 | ||||||
| Security | Shares | Value | ||||||
| Kuwait (continued) | ||||||||
| National Investments Co. KSCP | 136,230 | $ | 120,899 | |||||
| National Real Estate Co. KPSC(a) | 399,109 | 196,944 | ||||||
| Salhia Real Estate Co. KSCP | 62,574 | 107,851 | ||||||
| Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC | 246,071 | 157,978 | ||||||
| Warba Bank KSCP(a) | 540,832 | 438,461 | ||||||
| 4,423,502 | ||||||||
| Malaysia — 2.9% | ||||||||
| AFFIN Bank Bhd | 105,800 | 51,270 | ||||||
| Alliance Bank Malaysia Bhd | 412,700 | 360,141 | ||||||
| Axis Real Estate Investment Trust | 630,000 | 269,140 | ||||||
| Bank Islam Malaysia Bhd(b) | 208,600 | 120,112 | ||||||
| Bermaz Auto Bhd(b) | 532,600 | 235,161 | ||||||
| British American Tobacco Malaysia Bhd | 67,644 | 172,094 | ||||||
| Bumi Armada Bhd(a)(b) | 1,050,000 | 106,678 | ||||||
| Bursa Malaysia Bhd | 285,150 | 442,840 | ||||||
| Carlsberg Brewery Malaysia Bhd | 75,000 | 385,450 | ||||||
| Chin Hin Group Bhd, NVS(b) | 383,200 | 285,849 | ||||||
| D&O Green Technologies Bhd(b) | 202,500 | 185,149 | ||||||
| Dagang NeXchange Bhd(b) | 930,000 | 123,164 | ||||||
| DRB-Hicom Bhd | 502,500 | 170,173 | ||||||
| Fraser & Neave Holdings Bhd | 47,100 | 222,970 | ||||||
| Frontken Corp. Bhd | 467,950 | 332,674 | ||||||
| Gamuda Bhd(b) | 777,500 | 698,445 | ||||||
| Genting Plantations Bhd(b) | 60,000 | 83,777 | ||||||
| Greatech Technology Bhd(a) | 240,100 | 252,666 | ||||||
| Heineken Malaysia Bhd | 58,400 | 329,362 | ||||||
| Hibiscus Petroleum Bhd | 796,700 | 199,699 | ||||||
| Hong Seng Consolidated Bhd(a) | 1,045,500 | 53,281 | ||||||
| IGB Real Estate Investment Trust | 491,800 | 183,716 | ||||||
| IJM Corp. Bhd | 1,192,500 | 430,465 | ||||||
| IOI Properties Group Bhd | 555,000 | 141,011 | ||||||
| Kossan Rubber Industries Bhd(b) | 667,500 | 167,418 | ||||||
| Lotte Chemical Titan Holding Bhd(c) | 262,500 | 95,840 | ||||||
| Magnum Bhd | 155,950 | 47,115 | ||||||
| Malaysia Building Society Bhd(b) | 1,342,600 | 180,423 | ||||||
| Malaysian Pacific Industries Bhd(b) | 37,500 | 238,856 | ||||||
| My EG Services Bhd | 2,289,000 | 459,087 | ||||||
| Padini Holdings Bhd | 225,000 | 174,030 | ||||||
| Pentamaster Corp. Bhd | 307,550 | 301,422 | ||||||
| Scientex Bhd | 383,300 | 290,574 | ||||||
| Sime Darby Property Bhd | 1,343,000 | 147,141 | ||||||
| SKP Resources Bhd | 495,000 | 191,543 | ||||||
| SP Setia Bhd Group | 757,600 | 119,363 | ||||||
| Sports Toto Bhd | 124,693 | 46,582 | ||||||
| Sunway REIT | 696,300 | 227,463 | ||||||
| Supermax Corp. Bhd | 957,116 | 192,527 | ||||||
| Syarikat Takaful Malaysia Keluarga Bhd | 37,444 | 30,018 | ||||||
| TIME dotCom Bhd | 485,400 | 532,603 | ||||||
| TSH Resources Bhd | 172,500 | 46,682 | ||||||
| UMW Holdings Bhd | 157,600 | 115,629 | ||||||
| Unisem M Bhd | 243,700 | 150,371 | ||||||
| United Plantations Bhd | 15,000 | 49,039 | ||||||
| UWC Bhd(b) | 300,000 | 283,395 | ||||||
| ViTrox Corp. Bhd | 143,900 | 238,216 | ||||||
| VS Industry Bhd(b) | 1,260,250 | 259,379 | ||||||
| Yinson Holdings Bhd | 528,800 | 280,436 | ||||||
| YTL Corp. Bhd | 1,179,900 | 153,162 | ||||||
| 10,853,601 | ||||||||
6
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Mexico — 2.1% | ||||||||
| Alsea SAB de CV(a) | 225,100 | $ | 448,823 | |||||
| Bolsa Mexicana de Valores SAB de CV | 155,500 | 305,536 | ||||||
| Concentradora Fibra Danhos SA de CV(b) | 79,000 | 95,484 | ||||||
| Controladora Vuela Cia. de Aviacion SAB de CV, Class A(a)(b) | 382,500 | 379,645 | ||||||
| Corp Inmobiliaria Vesta SAB de CV | 248,000 | 554,639 | ||||||
| FIBRA Macquarie Mexico(c) | 330,100 | 492,738 | ||||||
| GCC SAB de CV | 69,220 | 498,467 | ||||||
| Genomma Lab Internacional SAB de CV, Class B | 337,600 | 272,964 | ||||||
| Gentera SAB de CV | 442,500 | 471,994 | ||||||
| Grupo Aeroportuario del Centro Norte SAB de CV | 116,808 | 1,012,918 | ||||||
| Grupo Comercial Chedraui SA de CV | 92,300 | 401,319 | ||||||
| Grupo Rotoplas SAB de CV | 87,267 | 148,536 | ||||||
| Grupo Traxion SAB de CV(a)(b)(c) | 97,500 | 141,191 | ||||||
| La Comer SAB de CV(b) | 195,000 | 365,764 | ||||||
| Nemak SAB de CV(a)(c) | 720,096 | 214,603 | ||||||
| PLA Administradora Industrial S. de RL de CV(b) | 275,600 | 399,673 | ||||||
| Prologis Property Mexico SA de CV | 242,431 | 747,498 | ||||||
| Qualitas Controladora SAB de CV | 67,300 | 283,655 | ||||||
| Regional SAB de CV | 97,200 | 711,745 | ||||||
| Sitios Latinoamerica SAB de CV(a) | 140,200 | 63,073 | ||||||
| 8,010,265 | ||||||||
| Philippines — 1.0% | ||||||||
| Alliance Global Group Inc. | 1,422,600 | 246,384 | ||||||
| AREIT Inc. | 135,000 | 86,651 | ||||||
| Bloomberry Resorts Corp.(a) | 1,860,000 | 242,334 | ||||||
| Century Pacific Food Inc. | 551,100 | 245,540 | ||||||
| Converge Information and Communications Technology Solutions Inc.(a) | 391,700 | 107,882 | ||||||
| Cosco Capital Inc. | 1,875,000 | 132,603 | ||||||
| D&L Industries Inc. | 1,050,100 | 147,441 | ||||||
| DMCI Holdings Inc. | 1,604,300 | 273,141 | ||||||
| GT Capital Holdings Inc. | 11,390 | 88,766 | ||||||
| LT Group Inc. | 1,080,000 | 180,386 | ||||||
| Manila Water Co. Inc. | 542,600 | 208,216 | ||||||
| Megaworld Corp. | 4,892,000 | 194,653 | ||||||
| Metro Pacific Investments Corp. | 1,263,000 | 77,263 | ||||||
| Puregold Price Club Inc. | 447,600 | 282,147 | ||||||
| RL Commercial REIT Inc. | 1,406,000 | 147,908 | ||||||
| Robinsons Land Corp. | 884,200 | 252,220 | ||||||
| Robinsons Retail Holdings Inc. | 129,880 | 134,898 | ||||||
| Security Bank Corp. | 193,740 | 330,490 | ||||||
| Semirara Mining & Power Corp. | 251,500 | 149,710 | ||||||
| Wilcon Depot Inc. | 693,400 | 395,627 | ||||||
| 3,924,260 | ||||||||
| Poland — 1.0% | ||||||||
| Alior Bank SA(a) | 39,375 | 323,786 | ||||||
| AmRest Holdings SE(a) | 44,615 | 199,877 | ||||||
| Asseco Poland SA | 25,889 | 424,719 | ||||||
| Bank Handlowy w Warszawie SA | 2,813 | 46,264 | ||||||
| Bank Millennium SA(a)(b) | 264,675 | 280,249 | ||||||
| Budimex SA(b) | 5,175 | 316,585 | ||||||
| CCC SA(a) | 19,703 | 168,190 | ||||||
| Ciech SA(a)(b) | 15,628 | 143,496 | ||||||
| Enea SA(a) | 127,399 | 165,872 | ||||||
| Grupa Azoty SA(a) | 24,128 | 196,165 | ||||||
| Jastrzebska Spolka Weglowa SA(a) | 22,934 | 316,086 | ||||||
| KRUK SA | 7,275 | 487,093 | ||||||
| LiveChat Software SA | 7,650 | 188,027 | ||||||
| Neuca SA(b) | 1,050 | 154,436 | ||||||
| Security | Shares | Value | ||||||
| Poland (continued) | ||||||||
| Orange Polska SA | 142,497 | $ | 200,696 | |||||
| Tauron Polska Energia SA(a)(b) | 466,019 | 214,554 | ||||||
| Warsaw Stock Exchange | 10,500 | 83,519 | ||||||
| 3,909,614 | ||||||||
| Qatar — 1.0% | ||||||||
| Aamal Co. | 773,325 | 216,998 | ||||||
| Al Meera Consumer Goods Co. QSC | 36,141 | 163,296 | ||||||
| Baladna. | 466,350 | 215,967 | ||||||
| Doha Bank QPSC | 672,104 | 392,153 | ||||||
| Gulf International Services QSC(a) | 276,656 | 118,821 | ||||||
| Gulf Warehousing Co. | 151,500 | 162,603 | ||||||
| Mannai Corp. QSC | 34,944 | 78,896 | ||||||
| Medicare Group | 85,441 | 152,570 | ||||||
| Qatar Aluminum Manufacturing Co. | 1,140,618 | 496,541 | ||||||
| Qatar Insurance Co. SAQ | 554,227 | 301,526 | ||||||
| Qatar National Cement Co. QSC | 116,175 | 145,339 | ||||||
| Qatar Navigation QSC | 240,560 | 655,689 | ||||||
| Qatari Investors Group QSC | 142,850 | 71,500 | ||||||
| United Development Co. QSC | 700,700 | 264,753 | ||||||
| Vodafone Qatar QSC | 749,853 | 347,478 | ||||||
| 3,784,130 | ||||||||
| Russia — 0.0% | ||||||||
| Credit Bank of Moscow PJSC(a)(d) | 4,743,600 | 777 | ||||||
| Detsky Mir PJSC(c)(d) | 238,520 | 39 | ||||||
| Federal Grid Co. Unified Energy System PJSC(a)(d) | 142,040,000 | 23 | ||||||
| Globaltrans Investment PLC, GDR(a)(d)(f) | 36,180 | 6 | ||||||
| Lenta PJSC, GDR(a)(d) | 58,692 | 10 | ||||||
| LSR Group PJSC(a)(d) | 16,818 | 3 | ||||||
| Mosenergo PJSC(d) | 4,900,000 | 803 | ||||||
| QIWI PJSC, ADR(d) | 20,971 | 3 | ||||||
| Rostelecom PJSC(d) | 373,860 | 61 | ||||||
| Segezha Group PJSC(c)(d) | 1,675,000 | 275 | ||||||
| Sistema PJSFC(a)(d) | 1,865,280 | 306 | ||||||
| Sovcomflot PJSC(a)(d) | 338,350 | 55 | ||||||
| Unipro PJSC(d) | 4,288,000 | 703 | ||||||
| United Medical Group, GDR(d) | 11,658 | 2 | ||||||
| 3,066 | ||||||||
| Saudi Arabia — 3.1% | ||||||||
| Abdullah Al Othaim Markets Co. | 17,732 | 544,710 | ||||||
| Al Hammadi Holding. | 38,409 | 431,606 | ||||||
| Al Jouf Agricultural Development Co. | 9,385 | 122,739 | ||||||
| Al Masane Al Kobra Mining Co. | 2,244 | 47,277 | ||||||
| Al Moammar Information Systems Co. | 6,565 | 171,271 | ||||||
| Al Rajhi Co. for Co-operative Insurance(a) | 8,850 | 202,696 | ||||||
| Al-Dawaa Medical Services Co. | 9,746 | 189,255 | ||||||
| Aldrees Petroleum and Transport Services Co. | 16,952 | 331,543 | ||||||
| AlKhorayef Water & Power Technologies Co. | 5,812 | 224,780 | ||||||
| Almunajem Foods Co. | 7,125 | 116,744 | ||||||
| Alujain Corp. | 17,665 | 176,782 | ||||||
| Arabian Cement Co./Saudi Arabia | 23,850 | 218,515 | ||||||
| Arabian Contracting Services Co. | 6,338 | 191,225 | ||||||
| Arriyadh Development Co. | 44,975 | 222,205 | ||||||
| Astra Industrial Group | 16,382 | 230,122 | ||||||
| City Cement Co. | 34,227 | 174,055 | ||||||
| Co. for Cooperative Insurance (The)(a) | 23,678 | 505,745 | ||||||
| Dur Hospitality Co.(a) | 21,750 | 115,601 | ||||||
| Eastern Province Cement Co. | 22,179 | 232,752 | ||||||
| Fawaz Abdulaziz Al Hokair & Co.(a) | 20,077 | 93,442 | ||||||
| Halwani Brothers Co. | 6,075 | 84,929 | ||||||
7
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Saudi Arabia (continued) | ||||||||
| Herfy Food Services Co.(a) | 10,875 | $ | 104,893 | |||||
| Jadwa REIT Saudi Fund | 68,333 | 220,798 | ||||||
| Leejam Sports Co. JSC | 11,947 | 270,883 | ||||||
| Maharah Human Resources Co. | 13,190 | 192,816 | ||||||
| Methanol Chemicals Co.(a) | 17,005 | 129,198 | ||||||
| Middle East Paper Co. | 12,038 | 92,139 | ||||||
| National Agriculture Development Co. (The)(a) | 28,275 | 177,942 | ||||||
| National Gas & Industrialization Co. | 16,324 | 228,788 | ||||||
| National Medical Care Co. | 11,029 | 223,335 | ||||||
| Qassim Cement Co. (The) | 21,375 | 359,922 | ||||||
| Saudi Airlines Catering Co.(a) | 19,324 | 398,576 | ||||||
| Saudi Arabia Refineries Co. | 2,700 | 59,904 | ||||||
| Saudi Cement Co. | 29,295 | 406,342 | ||||||
| Saudi Ceramic Co. | 16,863 | 141,322 | ||||||
| Saudi Chemical Co. Holding | 24,001 | 171,509 | ||||||
| Saudi Fisheries Co.(a) | 24,248 | 187,653 | ||||||
| Saudi Ground Services Co.(a) | 42,450 | 271,377 | ||||||
| Saudi Industrial Services Co. | 26,598 | 154,403 | ||||||
| Saudi Pharmaceutical Industries & Medical Appliances Corp. | 29,025 | 184,223 | ||||||
| Saudi Public Transport Co.(a) | 42,789 | 197,655 | ||||||
| Saudi Real Estate Co.(a) | 78,896 | 244,249 | ||||||
| Saudia Dairy & Foodstuff Co. | 6,867 | 398,446 | ||||||
| Seera Group Holding(a) | 68,625 | 350,365 | ||||||
| Sinad Holding Co.(a) | 19,650 | 58,555 | ||||||
| Southern Province Cement Co. | 29,100 | 393,058 | ||||||
| United Electronics Co. | 15,925 | 315,416 | ||||||
| United International Transportation Co. | 22,870 | 276,987 | ||||||
| Yamama Cement Co.(a) | 46,035 | 331,430 | ||||||
| Yanbu Cement Co. | 35,215 | 345,830 | ||||||
| 11,516,008 | ||||||||
| South Africa — 3.9% | ||||||||
| Adcock Ingram Holdings Ltd. | 27,225 | 81,942 | ||||||
| AECI Ltd. | 42,675 | 227,246 | ||||||
| Astral Foods Ltd. | 16,289 | 157,734 | ||||||
| AVI Ltd. | 126,561 | 538,054 | ||||||
| Barloworld Ltd. | 63,450 | 383,596 | ||||||
| Coronation Fund Managers Ltd. | 94,350 | 191,199 | ||||||
| Dis-Chem Pharmacies Ltd.(c) | 142,200 | 253,668 | ||||||
| Distell Group Holdings Ltd.(a) | 63,075 | 637,617 | ||||||
| DRDGOLD Ltd. | 195,525 | 125,012 | ||||||
| Equites Property Fund Ltd. | 273,793 | 262,273 | ||||||
| Fortress REIT Ltd., Series A(a)(b) | 483,991 | 310,673 | ||||||
| Hyprop Investments Ltd. | 148,454 | 294,985 | ||||||
| Investec Ltd. | 111,029 | 666,358 | ||||||
| Investec Property Fund Ltd. | 197,821 | 110,493 | ||||||
| JSE Ltd. | 40,112 | 238,301 | ||||||
| KAP Industrial Holdings Ltd. | 1,013,887 | 263,485 | ||||||
| Life Healthcare Group Holdings Ltd. | 506,941 | 511,140 | ||||||
| Momentum Metropolitan Holdings | 447,706 | 472,167 | ||||||
| Motus Holdings Ltd. | 57,668 | 389,396 | ||||||
| Netcare Ltd. | 403,350 | 349,009 | ||||||
| Ninety One Ltd. | 82,115 | 191,351 | ||||||
| Oceana Group Ltd. | 43,751 | 151,940 | ||||||
| Omnia Holdings Ltd. | 74,806 | 305,729 | ||||||
| Pick n Pay Stores Ltd.(b) | 146,254 | 526,795 | ||||||
| PSG Konsult Ltd. | 425,841 | 292,572 | ||||||
| Rand Merchant Investment Holdings Ltd. | 281,772 | 476,228 | ||||||
| Redefine Properties Ltd. | 2,689,989 | 627,465 | ||||||
| Resilient REIT Ltd.(b) | 116,925 | 360,786 | ||||||
| Security | Shares | Value | ||||||
| South Africa (continued) | ||||||||
| Reunert Ltd. | 60,000 | $ | 167,183 | |||||
| Royal Bafokeng Platinum Ltd. | 41,542 | 396,317 | ||||||
| Santam Ltd. | 14,764 | 224,597 | ||||||
| Sappi Ltd.(a) | 212,256 | 603,626 | ||||||
| Steinhoff International Holdings NV(a) | 1,808,775 | 176,859 | ||||||
| Super Group Ltd./South Africa. | 162,300 | 249,786 | ||||||
| Telkom SA SOC Ltd.(a) | 124,350 | 249,536 | ||||||
| Thungela Resources Ltd.(b) | 49,835 | 909,650 | ||||||
| Tiger Brands Ltd. | 64,290 | 721,867 | ||||||
| Transaction Capital Ltd. | 235,815 | 521,534 | ||||||
| Truworths International Ltd. | 146,625 | 485,760 | ||||||
| Vukile Property Fund Ltd.(b) | 340,608 | 270,542 | ||||||
| Wilson Bayly Holmes-Ovcon Ltd.(a) | 21,940 | 120,387 | ||||||
| 14,494,858 | ||||||||
| South Korea — 13.9% | ||||||||
| ABLBio Inc.(a) | 15,783 | 296,234 | ||||||
| Advanced Nano Products Co. Ltd. | 4,125 | 281,295 | ||||||
| AfreecaTV Co. Ltd. | 3,375 | 225,818 | ||||||
| Ahnlab Inc. | 2,959 | 155,024 | ||||||
| Alteogen Inc.(a) | 7,859 | 218,397 | ||||||
| AMOREPACIFIC Group | 4,093 | 98,225 | ||||||
| Ananti Inc.(a)(b) | 42,734 | 208,917 | ||||||
| Asiana Airlines Inc.(a) | 17,078 | 166,517 | ||||||
| BH Co. Ltd. | 11,325 | 228,870 | ||||||
| Bioneer Corp.(a)(b) | 9,811 | 252,372 | ||||||
| BNC Korea Co. Ltd.(a) | 3,394 | 13,914 | ||||||
| BNK Financial Group Inc. | 103,343 | 585,612 | ||||||
| Boryung. | 13,818 | 112,893 | ||||||
| Bukwang Pharmaceutical Co. Ltd. | 31,650 | 195,837 | ||||||
| Cellivery Therapeutics Inc.(a) | 10,519 | 102,313 | ||||||
| Chabiotech Co. Ltd.(a)(b) | 21,012 | 223,655 | ||||||
| Chong Kun Dang Pharmaceutical Corp.(b) | 3,450 | 220,822 | ||||||
| Chunbo Co. Ltd. | 2,210 | 413,323 | ||||||
| CJ CGV Co. Ltd.(a) | 14,700 | 199,193 | ||||||
| CJ ENM Co. Ltd. | 1,650 | 104,841 | ||||||
| CJ Logistics Corp.(a) | 1,097 | 73,530 | ||||||
| Com2uSCorp. | 3,600 | 172,988 | ||||||
| Cosmax Inc. | 4,875 | 228,316 | ||||||
| CosmoAM&T Co. Ltd.(a) | 9,000 | 441,001 | ||||||
| Creative & Innovative System(a)(b) | 19,800 | 191,729 | ||||||
| CS Wind Corp. | 11,284 | 664,849 | ||||||
| Cuckoo Homesys Co. Ltd.(b) | 7,775 | 191,293 | ||||||
| Daeduck Electronics Co. Ltd./New | 16,950 | 305,278 | ||||||
| Daejoo Electronic Materials Co. Ltd.(b) | 4,650 | 324,322 | ||||||
| Daesang Corp.(b) | 11,850 | 192,756 | ||||||
| Daewoo Engineering & Construction Co. Ltd.(a) | 86,906 | 341,311 | ||||||
| Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)(b) | 17,775 | 261,817 | ||||||
| Daewoong Co. Ltd.(b) | 10,125 | 157,681 | ||||||
| Daewoong Pharmaceutical Co. Ltd. | 2,025 | 229,041 | ||||||
| Daishin Securities Co. Ltd. | 16,050 | 180,388 | ||||||
| Danal Co. Ltd.(a) | 23,400 | 103,559 | ||||||
| Daou Technology Inc. | 12,383 | 197,228 | ||||||
| Dawonsys Co. Ltd.(b) | 14,852 | 199,026 | ||||||
| DB HiTek Co. Ltd. | 15,318 | 531,380 | ||||||
| Dentium Co. Ltd. | 4,125 | 279,734 | ||||||
| DGB Financial Group Inc. | 59,373 | 359,741 | ||||||
| DL E&C Co. Ltd. | 14,400 | 465,070 | ||||||
| DL Holdings Co. Ltd.(b) | 5,998 | 316,910 | ||||||
| Dong-A Socio Holdings Co. Ltd. | 1,875 | 145,649 | ||||||
| Dong-A ST Co. Ltd. | 3,525 | 163,369 | ||||||
8
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Dongjin Semichem Co. Ltd.(b) | 14,285 | $ | 365,586 | |||||
| DongKook Pharmaceutical Co. Ltd. | 12,554 | 153,261 | ||||||
| Dongkuk Steel Mill Co. Ltd. | 31,242 | 332,581 | ||||||
| Dongsuh Cos. Inc.(b) | 12,548 | 205,372 | ||||||
| Dongwha Enterprise Co. Ltd.(a)(b) | 2,100 | 106,043 | ||||||
| Dongwon F&B Co. Ltd. | 845 | 89,108 | ||||||
| Doosan Co. Ltd.(b) | 2,850 | 214,872 | ||||||
| Doosan Fuel Cell Co. Ltd.(a) | 17,475 | 454,951 | ||||||
| DoubleUGames Co. Ltd. | 4,800 | 179,157 | ||||||
| Douzone Bizon Co. Ltd. | 8,311 | 229,702 | ||||||
| Duk San Neolux Co. Ltd.(a)(b) | 4,350 | 130,953 | ||||||
| Ecopro Co. Ltd.(b) | 7,890 | 859,445 | ||||||
| Ecopro HN Co. Ltd.(b) | 5,025 | 206,426 | ||||||
| Enchem Co. Ltd.(a)(b) | 2,925 | 146,541 | ||||||
| Eo Technics Co. Ltd. | 3,375 | 183,676 | ||||||
| ESR Kendall Square REIT Co. Ltd. | 63,506 | 195,224 | ||||||
| Eugene Technology Co. Ltd. | 5,775 | 114,460 | ||||||
| Fila Holdings Corp.(b) | 18,825 | 479,249 | ||||||
| Foosung Co. Ltd. | 22,065 | 227,263 | ||||||
| GC Cell Corp.(a)(b) | 4,500 | 163,449 | ||||||
| GemVax & Kael Co. Ltd.(a) | 13,050 | 128,651 | ||||||
| Geneone Life Science Inc.(a) | 34,425 | 184,559 | ||||||
| Genexine Inc.(a) | 11,745 | 188,234 | ||||||
| Giantstep Inc., NVS(a) | 3,004 | 55,820 | ||||||
| GOLFZON Co. Ltd. | 1,425 | 120,722 | ||||||
| Grand Korea Leisure Co. Ltd.(a) | 16,510 | 214,735 | ||||||
| Green Cross Corp. | 419 | 40,983 | ||||||
| Green Cross Holdings Corp.(b) | 12,075 | 160,648 | ||||||
| GS Engineering & Construction Corp. | 15,309 | 271,623 | ||||||
| GS Retail Co. Ltd. | 16,875 | 384,948 | ||||||
| HAESUNG DS Co. Ltd. | 4,582 | 150,271 | ||||||
| Hana Materials Inc. | 3,675 | 100,625 | ||||||
| Hana Tour Service Inc.(a)(b) | 5,230 | 207,008 | ||||||
| Hanall Biopharma Co. Ltd.(a)(b) | 18,450 | 202,559 | ||||||
| Handsome Co. Ltd. | 7,352 | 146,029 | ||||||
| Hanil Cement Co. Ltd./New | 9,600 | 91,074 | ||||||
| Hanjin Transportation Co. Ltd. | 1,480 | 23,176 | ||||||
| Hankook & Co. Co. Ltd. | 9,853 | 108,294 | ||||||
| Hanmi Semiconductor Co. Ltd. | 17,400 | 182,001 | ||||||
| Hansae Co. Ltd. | 6,750 | 82,665 | ||||||
| Hansol Chemical Co. Ltd.(b) | 3,750 | 610,527 | ||||||
| Hanssem Co. Ltd.(b) | 4,500 | 161,961 | ||||||
| Hanwha Aerospace Co. Ltd.(b) | 14,880 | 825,463 | ||||||
| Hanwha Corp. | 14,475 | 323,307 | ||||||
| Hanwha Investment & Securities Co. Ltd. | 51,150 | 104,492 | ||||||
| Hanwha Life Insurance Co. Ltd.(a) | 127,950 | 247,232 | ||||||
| Hanwha Systems Co. Ltd. | 21,197 | 186,993 | ||||||
| HDC Hyundai Development Co-Engineering & Construction, Class E(b) | 14,062 | 119,588 | ||||||
| Helixmith Co. Ltd.(a)(b) | 18,230 | 184,663 | ||||||
| Hite Jinro Co. Ltd. | 13,500 | 270,467 | ||||||
| HL Mando Co. Ltd. | 13,728 | 509,083 | ||||||
| HLB Life Science Co. Ltd.(a)(b) | 34,588 | 280,016 | ||||||
| Hugel Inc.(a) | 2,850 | 250,791 | ||||||
| Hwaseung Enterprise Co. Ltd. | 11,025 | 79,569 | ||||||
| Hyosung Advanced Materials Corp. | 1,063 | 323,341 | ||||||
| Hyosung Chemical Corp.(a) | 322 | 31,141 | ||||||
| Hyosung Corp. | 3,161 | 184,857 | ||||||
| Hyosung Heavy Industries Corp.(a) | 2,661 | 173,464 | ||||||
| Hyosung TNC Corp. | 1,125 | 309,187 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Hyundai Autoever Corp. | 2,775 | $ | 238,466 | |||||
| Hyundai Bioscience Co. Ltd.(a)(b) | 16,125 | 323,107 | ||||||
| Hyundai Construction Equipment Co. Ltd. | 818 | 37,152 | ||||||
| Hyundai Department Store Co. Ltd. | 6,038 | 278,922 | ||||||
| Hyundai Doosan Infracore Co. Ltd.(a) | 50,925 | 325,566 | ||||||
| Hyundai Electric & Energy System Co. Ltd.(a) | 10,747 | 348,019 | ||||||
| Hyundai Elevator Co. Ltd. | 12,225 | 279,591 | ||||||
| Hyundai Feed Inc. | 7,280 | 83,878 | ||||||
| Hyundai Marine & Fire Insurance Co. Ltd. | 22,707 | 523,777 | ||||||
| Hyundai Rotem Co. Ltd.(a) | 31,200 | 764,032 | ||||||
| Hyundai Wia Corp. | 6,789 | 313,641 | ||||||
| Il Dong Pharmaceutical Co. Ltd.(a) | 8,265 | 243,651 | ||||||
| Iljin Hysolus Co. Ltd.(a) | 5,850 | 150,312 | ||||||
| Ilyang Pharmaceutical Co. Ltd. | 2,379 | 31,858 | ||||||
| Innocean Worldwide Inc. | 4,294 | 142,913 | ||||||
| Innox Advanced Materials Co. Ltd. | 5,254 | 118,122 | ||||||
| Intellian Technologies Inc.(b) | 3,366 | 193,429 | ||||||
| IS Dongseo Co. Ltd. | 6,900 | 181,442 | ||||||
| JB Financial Group Co. Ltd. | 39,811 | 256,104 | ||||||
| Jin Air Co. Ltd.(a) | 14,400 | 153,134 | ||||||
| Jusung Engineering Co. Ltd. | 14,775 | 144,952 | ||||||
| JW Pharmaceutical Corp. | 8,202 | 123,807 | ||||||
| JYP Entertainment Corp. | 13,233 | 618,487 | ||||||
| K Car Co. Ltd., NVS(b) | 7,863 | 86,301 | ||||||
| KCC Corp. | 1,875 | 345,065 | ||||||
| KCC Glass Corp. | 4,408 | 138,526 | ||||||
| KEPCO Engineering & Construction Co. Inc.(b) | 6,045 | 282,520 | ||||||
| KEPCO Plant Service & Engineering Co. Ltd. | 9,750 | 257,643 | ||||||
| KG Dongbu Steel Co. Ltd. | 13,725 | 95,691 | ||||||
| KIWOOM Securities Co. Ltd.(b) | 7,637 | 541,803 | ||||||
| KMW Co. Ltd.(a)(b) | 13,425 | 284,048 | ||||||
| Koh Young Technology Inc. | 23,062 | 253,812 | ||||||
| Kolmar Korea Co. Ltd. | 7,950 | 236,947 | ||||||
| Kolon Industries Inc. | 7,725 | 273,510 | ||||||
| KoMiCo Ltd. | 2,782 | 101,577 | ||||||
| Korea Electric Terminal Co. Ltd. | 2,819 | 124,976 | ||||||
| Korea Line Corp.(a) | 95,625 | 159,238 | ||||||
| Korea REIT & Trust Co. Ltd. | 43,115 | 46,034 | ||||||
| Korean Reinsurance Co. | 30,406 | 194,718 | ||||||
| Kukjeon Pharmaceutical Co. Ltd., NVS | 7,110 | 38,736 | ||||||
| Kum Yang Co. Ltd.(a) | 4,083 | 90,245 | ||||||
| Kumho Tire Co. Inc.(a) | 44,250 | 102,034 | ||||||
| Kyung Dong Navien Co. Ltd. | 3,678 | 103,286 | ||||||
| L&C Bio Co. Ltd.(b) | 10,355 | 188,924 | ||||||
| LEENO Industrial Inc. | 4,064 | 539,115 | ||||||
| LegoChem Biosciences Inc.(a)(b) | 12,296 | 365,350 | ||||||
| LIG Nex1 Co. Ltd. | 4,994 | 353,003 | ||||||
| Lotte Fine Chemical Co. Ltd. | 7,529 | 360,631 | ||||||
| LOTTE Reit Co. Ltd. | 52,950 | 158,181 | ||||||
| Lotte Rental Co. Ltd. | 7,875 | 175,421 | ||||||
| Lotte Tour Development Co. Ltd.(a)(b) | 24,825 | 227,682 | ||||||
| LS Corp. | 7,010 | 405,432 | ||||||
| LS Electric Co. Ltd. | 7,425 | 329,209 | ||||||
| Lutronic Corp. | 5,925 | 90,466 | ||||||
| LX International Corp. | 11,925 | 375,764 | ||||||
| LX Semicon Co. Ltd.(b) | 4,875 | 332,636 | ||||||
| Mcnex Co. Ltd. | 5,721 | 130,550 | ||||||
| MedPacto Inc.(a) | 9,675 | 178,946 | ||||||
| Medytox Inc. | 2,325 | 213,302 | ||||||
| MegaStudyEdu Co. Ltd. | 3,525 | 211,032 | ||||||
9
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Myoung Shin Industrial Co. Ltd.(a)(b) | 11,775 | $ | 161,443 | |||||
| Namhae Chemical Corp. | 17,325 | 121,142 | ||||||
| Naturecell Co. Ltd.(a)(b) | 21,716 | 308,794 | ||||||
| NEPES Corp.(a) | 11,102 | 166,128 | ||||||
| Nexon Games Co. Ltd.(a) | 10,425 | 112,463 | ||||||
| NEXTIN Inc.(b) | 2,748 | 116,354 | ||||||
| NHN Corp.(a) | 8,716 | 165,375 | ||||||
| NICE Information Service Co. Ltd. | 16,594 | 163,115 | ||||||
| NKMax Co. Ltd.(a)(b) | 15,675 | 183,588 | ||||||
| NongShim Co. Ltd. | 1,295 | 324,728 | ||||||
| OCI Co. Ltd.(b) | 8,250 | 606,957 | ||||||
| Orion Holdings Corp. | 8,850 | 103,436 | ||||||
| Oscotec Inc.(a)(b) | 14,563 | 225,363 | ||||||
| Ottogi Corp. | 450 | 152,632 | ||||||
| Paradise Co. Ltd.(a) | 20,850 | 276,088 | ||||||
| Park Systems Corp.(b) | 1,950 | 176,378 | ||||||
| Partron Co. Ltd.(b) | 16,575 | 112,095 | ||||||
| People & Technology Inc.(b) | 7,827 | 302,834 | ||||||
| PharmaResearch Co. Ltd. | 4,271 | 220,707 | ||||||
| Pharmicell Co. Ltd.(a) | 25,800 | 201,798 | ||||||
| PI Advanced Materials Co. Ltd. | 8,025 | 198,649 | ||||||
| Poongsan Corp. | 8,270 | 192,410 | ||||||
| Posco ICT Co. Ltd. | 27,020 | 145,746 | ||||||
| Posco International Corp. | 21,300 | 392,447 | ||||||
| PSK Inc. | 12,643 | 175,579 | ||||||
| RFHIC Corp. | 8,833 | 157,652 | ||||||
| Sam Chun Dang Pharm Co. Ltd.(a) | 5,400 | 187,406 | ||||||
| Sam Kang M&T Co. Ltd.(a)(b) | 13,686 | 243,643 | ||||||
| Samchully Co. Ltd. | 702 | 202,533 | ||||||
| Samwha Capacitor Co. Ltd. | 783 | 21,061 | ||||||
| Samyang Holdings Corp.(b) | 1,575 | 80,297 | ||||||
| Sang-A Frontec Co. Ltd., NVS | 4,919 | 110,531 | ||||||
| Sebang Global Battery Co. Ltd. | 2,775 | 103,240 | ||||||
| Seegene Inc. | 7,239 | 166,862 | ||||||
| Seojin System Co. Ltd.(b) | 11,700 | 147,566 | ||||||
| Seoul Semiconductor Co. Ltd. | 18,860 | 161,515 | ||||||
| SFA Engineering Corp. | 8,775 | 269,877 | ||||||
| SFA Semicon Co. Ltd.(a) | 33,300 | 116,163 | ||||||
| Shin Poong Pharmaceutical Co. Ltd.(a) | 16,531 | 275,780 | ||||||
| Shinsegae Inc.(b) | 2,925 | 473,041 | ||||||
| Shinsegae International Inc. | 5,625 | 104,781 | ||||||
| SIMMTECH Co. Ltd.(b) | 8,625 | 222,930 | ||||||
| SK Chemicals Co. Ltd. | 1,680 | 113,117 | ||||||
| SK Networks Co. Ltd. | 54,375 | 175,707 | ||||||
| SL Corp. | 6,717 | 145,094 | ||||||
| SM Entertainment Co. Ltd. | 8,190 | 501,755 | ||||||
| SNT Motiv Co. Ltd. | 4,575 | 156,953 | ||||||
| SOLUM Co. Ltd.(a) | 18,174 | 253,710 | ||||||
| Solus Advanced Materials Co. Ltd. | 7,511 | 227,128 | ||||||
| Soulbrain Co. Ltd. | 1,849 | 303,945 | ||||||
| ST Pharm Co. Ltd. | 3,900 | 229,981 | ||||||
| STCUBE(a) | 3,452 | 51,040 | ||||||
| Studio Dragon Corp.(a) | 1,541 | 84,712 | ||||||
| Taekwang Industrial Co. Ltd.(b) | 150 | 84,582 | ||||||
| Taihan Electric Wire Co. Ltd.(a) | 227,422 | 296,324 | ||||||
| TES Co. Ltd./Korea. | 170 | 2,325 | ||||||
| TKG Huchems Co. Ltd. | 9,177 | 151,611 | ||||||
| Tokai Carbon Korea Co. Ltd. | 2,100 | 172,745 | ||||||
| Tongyang Life Insurance Co. Ltd. | 23,427 | 98,699 | ||||||
| TY Holdings Co. Ltd./Korea(a) | 12,233 | 115,151 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Unid Co. Ltd. | 1,610 | $ | 121,342 | |||||
| UNIDBTPLUS Co. Ltd., NVS(b) | 2,526 | 12,181 | ||||||
| Vaxcell-Bio Therapeutics Co. Ltd.(a) | 4,650 | 138,396 | ||||||
| Vidente Co. Ltd.(a) | 7,155 | 21,428 | ||||||
| Webzen Inc.(a) | 12,450 | 159,013 | ||||||
| Wemade Co. Ltd.(b) | 7,351 | 202,995 | ||||||
| WONIK IPS Co. Ltd.(b) | 13,051 | 287,276 | ||||||
| Wonik QnC Corp. | 7,350 | 154,272 | ||||||
| Woori Technology Investment Co. Ltd.(a) | 2,074 | 7,172 | ||||||
| Wysiwyg Studious Co. Ltd.(a)(b) | 11,008 | 166,781 | ||||||
| YG Entertainment Inc. | 4,962 | 168,324 | ||||||
| Youngone Corp. | 10,829 | 394,576 | ||||||
| Zinus Inc. | 7,555 | 186,381 | ||||||
| 52,082,683 | ||||||||
| Switzerland — 0.0% | ||||||||
| Untradelumena Newmat, NVS(d) | 5,249 | — | ||||||
| Taiwan — 19.8% | ||||||||
| AcBel Polytech Inc. | 150,000 | 147,866 | ||||||
| ADATA Technology Co. Ltd. | 93,000 | 188,440 | ||||||
| Adimmune Corp.(a) | 133,000 | 161,144 | ||||||
| Advanced Ceramic X Corp. | 18,000 | 109,594 | ||||||
| Advanced Energy Solution Holding Co. Ltd. | 11,000 | 294,787 | ||||||
| Advanced Wireless Semiconductor Co. | 75,596 | 187,857 | ||||||
| Alchip Technologies Ltd. | 27,000 | 829,534 | ||||||
| Andes Technology Corp. | 8,000 | 136,934 | ||||||
| AP Memory Technology Corp. | 44,000 | 289,176 | ||||||
| Arcadyan Technology Corp. | 75,541 | 258,324 | ||||||
| Ardentec Corp. | 225,000 | 367,840 | ||||||
| Asia Optical Co. Inc. | 119,000 | 257,463 | ||||||
| Asia Pacific Telecom Co. Ltd.(a) | 825,910 | 166,075 | ||||||
| Asia Vital Components Co. Ltd. | 134,000 | 499,227 | ||||||
| ASMedia Technology Inc. | 6,000 | 143,858 | ||||||
| ASPEED Technology Inc. | 11,800 | 820,475 | ||||||
| BES Engineering Corp. | 1,082,000 | 291,070 | ||||||
| Bizlink Holding Inc. | 53,770 | 441,995 | ||||||
| Bora Pharmaceuticals Co. Ltd. | 7,000 | 101,697 | ||||||
| Brighton-Best International Taiwan Inc. | 150,000 | 176,628 | ||||||
| Capital Securities Corp. | 750,530 | 287,740 | ||||||
| Career Technology MFG. Co. Ltd.(a) | 226,000 | 204,764 | ||||||
| Cathay Real Estate Development Co. Ltd. | 225,300 | 113,513 | ||||||
| Center Laboratories Inc. | 185,968 | 269,204 | ||||||
| Century Iron & Steel Industrial Co. Ltd. | 75,000 | 208,379 | ||||||
| Chang Wah Electromaterials Inc. | 150,000 | 157,351 | ||||||
| Chang Wah Technology Co. Ltd. | 183,500 | 196,521 | ||||||
| Charoen Pokphand Enterprise | 88,300 | 226,255 | ||||||
| Cheng Loong Corp. | 300,000 | 264,787 | ||||||
| Cheng Uei Precision Industry Co. Ltd. | 150,000 | 193,079 | ||||||
| Chicony Electronics Co. Ltd. | 225,000 | 609,508 | ||||||
| Chicony Power Technology Co. Ltd. | 49,000 | 114,945 | ||||||
| China General Plastics Corp. | 156,700 | 114,096 | ||||||
| China Man-Made Fiber Corp.(a) | 621,031 | 177,191 | ||||||
| China Motor Corp. | 75,200 | 142,022 | ||||||
| China Petrochemical Development Corp. | 1,513,145 | 512,913 | ||||||
| China Steel Chemical Corp. | 75,000 | 266,519 | ||||||
| Chin-Poon Industrial Co. Ltd. | 150,000 | 156,426 | ||||||
| Chipbond Technology Corp. | 205,000 | 389,646 | ||||||
| ChipMOS Technologies Inc. | 225,000 | 248,146 | ||||||
| Chong Hong Construction Co. Ltd. | 75,424 | 176,265 | ||||||
| Chroma ATE Inc. | 150,000 | 978,599 | ||||||
10
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Chung Hung Steel Corp. | 375,000 | $ | 293,441 | |||||
| Chung Hwa Pulp Corp. | 150,000 | 87,165 | ||||||
| Chung-Hsin Electric & Machinery Manufacturing Corp. | 159,000 | 306,415 | ||||||
| Cleanaway Co. Ltd. | 40,000 | 224,057 | ||||||
| Clevo Co. | 150,000 | 155,412 | ||||||
| Compeq Manufacturing Co. Ltd. | 412,000 | 671,165 | ||||||
| Coretronic Corp. | 150,400 | 284,771 | ||||||
| Co-Tech Development Corp. | 118,000 | 211,199 | ||||||
| CSBC Corp. Taiwan(a) | 410,548 | 266,776 | ||||||
| CTCI Corp. | 225,000 | 297,249 | ||||||
| Cub Elecparts Inc. | 33,397 | 156,279 | ||||||
| Darfon Electronics Corp. | 150,000 | 196,325 | ||||||
| Dynapack International Technology Corp. | 58,000 | 140,766 | ||||||
| EirGenix Inc.(a) | 86,000 | 382,663 | ||||||
| Elan Microelectronics Corp. | 104,000 | 305,884 | ||||||
| Elite Material Co. Ltd. | 111,000 | 697,150 | ||||||
| Elite Semiconductor Microelectronics Technology Inc. | 99,000 | 239,108 | ||||||
| ENNOSTAR Inc. | 239,184 | 368,949 | ||||||
| Episil Technologies Inc. | 116,425 | 379,602 | ||||||
| Eternal Materials Co. Ltd. | 336,129 | 363,838 | ||||||
| Etron Technology Inc. | 101,342 | 152,642 | ||||||
| Evergreen International Storage & Transport Corp. | 225,000 | 210,402 | ||||||
| Everlight Electronics Co. Ltd. | 150,000 | 183,728 | ||||||
| Far Eastern Department Stores Ltd. | 525,000 | 335,322 | ||||||
| Far Eastern International Bank | 910,102 | 324,214 | ||||||
| Faraday Technology Corp. | 83,000 | 464,217 | ||||||
| Farglory Land Development Co. Ltd. | 107,000 | 189,927 | ||||||
| Feng Hsin Steel Co. Ltd. | 203,000 | 442,083 | ||||||
| Fitipower Integrated Technology Inc. | 42,512 | 175,722 | ||||||
| FLEXium Interconnect Inc. | 132,418 | 462,560 | ||||||
| Formosa Sumco Technology Corp. | 29,000 | 150,826 | ||||||
| Formosa Taffeta Co. Ltd. | 187,000 | 162,397 | ||||||
| Foxconn Technology Co. Ltd. | 375,000 | 637,424 | ||||||
| Foxsemicon Integrated Technology Inc. | 51,200 | 321,978 | ||||||
| Fulgent Sun International Holding Co. Ltd. | 75,330 | 371,989 | ||||||
| Fusheng Precision Co. Ltd. | 54,000 | 380,146 | ||||||
| General Interface Solution Holding Ltd. | 94,000 | 273,454 | ||||||
| Genius Electronic Optical Co. Ltd. | 30,585 | 397,477 | ||||||
| Getac Holdings Corp. | 150,000 | 208,609 | ||||||
| Gigabyte Technology Co. Ltd. | 209,000 | 744,885 | ||||||
| Global Mixed Mode Technology Inc. | 24,000 | 116,070 | ||||||
| Global Unichip Corp. | 33,000 | 798,532 | ||||||
| Gold Circuit Electronics Ltd. | 155,600 | 498,005 | ||||||
| Goldsun Building Materials Co. Ltd. | 442,426 | 366,090 | ||||||
| Gourmet Master Co. Ltd. | 49,821 | 198,380 | ||||||
| Grand Pacific Petrochemical | 375,000 | 254,614 | ||||||
| Grape King Bio Ltd. | 62,000 | 285,294 | ||||||
| Great Tree Pharmacy Co. Ltd. | 8,000 | 77,527 | ||||||
| Great Wall Enterprise Co. Ltd. | 314,284 | 454,687 | ||||||
| Greatek Electronics Inc. | 78,000 | 124,621 | ||||||
| Hannstar Board Corp. | 150,481 | 168,603 | ||||||
| HannStar Display Corp. | 900,320 | 336,789 | ||||||
| Highwealth Construction Corp. | 408,554 | 594,430 | ||||||
| Hiwin Technologies Corp. | 121,044 | 738,765 | ||||||
| Holtek Semiconductor Inc. | 75,000 | 174,887 | ||||||
| Holy Stone Enterprise Co. Ltd. | 62,050 | 181,935 | ||||||
| Hota Industrial Manufacturing Co. Ltd. | 75,773 | 186,031 | ||||||
| Hotai Finance Co. Ltd. | 75,000 | 249,598 | ||||||
| Hsin Kuang Steel Co. Ltd. | 145,000 | 180,161 | ||||||
| HTC Corp.(a) | 270,000 | 514,553 | ||||||
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Huaku Development Co. Ltd. | 104,080 | $ | 301,104 | |||||
| IBF Financial Holdings Co. Ltd. | 1,010,172 | 377,302 | ||||||
| International CSRC Investment Holdings Co. | 375,945 | 256,192 | ||||||
| International Games System Co. Ltd. | 52,000 | 660,430 | ||||||
| ITE Technology Inc. | 75,000 | 175,831 | ||||||
| ITEQ Corp. | 106,559 | 266,040 | ||||||
| Jentech Precision Industrial Co. Ltd. | 33,399 | 416,682 | ||||||
| Johnson Health Tech Co. Ltd. | 55,000 | 138,800 | ||||||
| Kenda Rubber Industrial Co. Ltd. | 232,675 | 237,106 | ||||||
| Kindom Development Co. Ltd. | 163,400 | 152,338 | ||||||
| King Slide Works Co. Ltd. | 24,000 | 323,485 | ||||||
| King Yuan Electronics Co. Ltd. | 450,000 | 523,114 | ||||||
| King’s Town Bank Co. Ltd. | 375,000 | 425,288 | ||||||
| Kinpo Electronics | 525,000 | 240,413 | ||||||
| Kinsus Interconnect Technology Corp. | 118,000 | 479,018 | ||||||
| KMC Kuei Meng International Inc. | 27,000 | 135,595 | ||||||
| Lien Hwa Industrial Holdings Corp. | 392,301 | 652,523 | ||||||
| Longchen Paper & Packaging Co. Ltd. | 300,357 | 160,672 | ||||||
| Lotes Co. Ltd. | 30,392 | 860,745 | ||||||
| Lotus Pharmaceutical Co. Ltd. | 57,000 | 455,956 | ||||||
| Lung Yen Life Service Corp. | 51,000 | 61,848 | ||||||
| Macronix International Co. Ltd. | 716,000 | 813,830 | ||||||
| Makalot Industrial Co. Ltd. | 84,391 | 642,481 | ||||||
| Medigen Vaccine Biologics Corp.(a) | 98,071 | 259,682 | ||||||
| Mercuries & Associates Holding Ltd. | 151,924 | 79,526 | ||||||
| Mercuries Life Insurance Co. Ltd.(a) | 683,644 | 134,126 | ||||||
| Merida Industry Co. Ltd. | 89,000 | 538,628 | ||||||
| Merry Electronics Co. Ltd. | 76,616 | 220,148 | ||||||
| Microbio Co. Ltd. | 157,127 | 350,857 | ||||||
| Mitac Holdings Corp. | 325,383 | 315,136 | ||||||
| Nan Kang Rubber Tire Co. Ltd.(a) | 190,000 | 217,066 | ||||||
| Nantex Industry Co. Ltd. | 123,000 | 155,533 | ||||||
| Nuvoton Technology Corp. | 75,000 | 300,777 | ||||||
| OBI Pharma Inc.(a) | 82,769 | 207,285 | ||||||
| Oneness Biotech Co. Ltd.(a) | 91,000 | 851,049 | ||||||
| Oriental Union Chemical Corp. | 300,000 | 184,161 | ||||||
| Pan Jit International Inc. | 130,000 | 270,980 | ||||||
| Pan-International Industrial Corp. | 150,722 | 176,268 | ||||||
| PharmaEngine Inc. | 36,000 | 161,913 | ||||||
| Pharmally International Holding Co. Ltd.(d) | 21,603 | — | ||||||
| Phison Electronics Corp. | 65,000 | 698,097 | ||||||
| Pixart Imaging Inc. | 75,635 | 234,320 | ||||||
| Powertech Technology Inc. | 300,000 | 818,199 | ||||||
| Poya International Co. Ltd. | 25,155 | 369,211 | ||||||
| President Securities Corp. | 388,623 | 209,862 | ||||||
| Primax Electronics Ltd. | 150,000 | 283,048 | ||||||
| Prince Housing & Development Corp. | 600,917 | 214,030 | ||||||
| Qisda Corp. | 675,000 | 618,165 | ||||||
| Radiant Opto-Electronics Corp. | 165,000 | 564,281 | ||||||
| Raydium Semiconductor Corp. | 20,000 | 204,664 | ||||||
| RDC Semiconductor Co. Ltd.(a) | 25,000 | 156,527 | ||||||
| RichWave Technology Corp. | 34,490 | 146,176 | ||||||
| Ruentex Industries Ltd. | 266,735 | 577,813 | ||||||
| Run Long Construction Co. Ltd. | 80,220 | 168,010 | ||||||
| Sanyang Motor Co. Ltd. | 225,820 | 266,553 | ||||||
| ScinoPharm Taiwan Ltd. | 150,708 | 118,585 | ||||||
| SDI Corp. | 58,000 | 199,577 | ||||||
| Sercomm Corp. | 107,000 | 292,860 | ||||||
| Shin Zu Shing Co. Ltd. | 75,856 | 209,376 | ||||||
| Shinkong Synthetic Fibers Corp. | 525,135 | 303,869 | ||||||
11
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Sigurd Microelectronics Corp. | 150,124 | $ | 246,540 | |||||
| Simplo Technology Co. Ltd. | 71,600 | 709,523 | ||||||
| Sinbon Electronics Co. Ltd. | 89,000 | 786,172 | ||||||
| Sincere Navigation Corp. | 165,000 | 108,985 | ||||||
| Sino-American Silicon Products Inc. | 205,000 | 1,075,624 | ||||||
| Sinyi Realty Inc. | 150,778 | 143,045 | ||||||
| Sitronix Technology Corp. | 47,000 | 295,196 | ||||||
| Solar Applied Materials Technology Corp. | 259,943 | 289,054 | ||||||
| Sporton International Inc. | 26,000 | 173,302 | ||||||
| Standard Foods Corp. | 225,000 | 298,525 | ||||||
| Sunny Friend Environmental Technology Co. Ltd. | 33,000 | 148,377 | ||||||
| Sunplus Technology Co. Ltd. | 225,000 | 183,628 | ||||||
| Supreme Electronics Co. Ltd. | 168,705 | 209,301 | ||||||
| Systex Corp. | 75,000 | 170,087 | ||||||
| TA Chen Stainless Pipe | 590,527 | 779,171 | ||||||
| Ta Ya Electric Wire & Cable | 237,060 | 152,761 | ||||||
| Taichung Commercial Bank Co. Ltd. | 1,244,047 | 530,024 | ||||||
| Tainan Spinning Co. Ltd. | 450,190 | 259,818 | ||||||
| Taiwan Cogeneration Corp. | 136,000 | 141,561 | ||||||
| Taiwan Fertilizer Co. Ltd. | 343,000 | 629,010 | ||||||
| Taiwan Glass Industry Corp. | 482,000 | 366,604 | ||||||
| Taiwan Hon Chuan Enterprise Co. Ltd. | 125,004 | 327,958 | ||||||
| Taiwan Mask Corp. | 83,000 | 238,115 | ||||||
| Taiwan Paiho Ltd. | 121,050 | 217,367 | ||||||
| Taiwan Secom Co. Ltd. | 95,450 | 316,356 | ||||||
| Taiwan Semiconductor Co. Ltd. | 88,000 | 239,781 | ||||||
| Taiwan Shin Kong Security Co. Ltd. | 124,366 | 158,954 | ||||||
| Taiwan Surface Mounting Technology Corp. | 116,000 | 365,365 | ||||||
| Taiwan TEA Corp.(a) | 376,000 | 276,556 | ||||||
| Taiwan Union Technology Corp. | 150,000 | 281,074 | ||||||
| Taiwan-Asia Semiconductor Corp. | 150,000 | 182,217 | ||||||
| Tanvex BioPharma Inc.(a) | 81,862 | 90,060 | ||||||
| Tatung Co. Ltd.(a) | 685,000 | 725,903 | ||||||
| TCI Co. Ltd. | 37,528 | 171,374 | ||||||
| Teco Electric and Machinery Co. Ltd. | 556,000 | 510,120 | ||||||
| Test Research Inc. | 75,000 | 160,370 | ||||||
| Ton Yi Industrial Corp. | 300,000 | 172,942 | ||||||
| Tong Hsing Electronic Industries Ltd. | 69,641 | 445,660 | ||||||
| Tong Yang Industry Co. Ltd. | 150,133 | 232,988 | ||||||
| Topco Scientific Co. Ltd. | 59,000 | 327,572 | ||||||
| TPK Holding Co. Ltd. | 150,000 | 155,956 | ||||||
| Transcend Information Inc. | 75,000 | 165,154 | ||||||
| Tripod Technology Corp. | 150,000 | 473,541 | ||||||
| TSEC Corp.(a) | 169,931 | 184,154 | ||||||
| TSRC Corp. | 242,000 | 217,979 | ||||||
| TTY Biopharm Co. Ltd. | 102,450 | 260,910 | ||||||
| Tung Ho Steel Enterprise Corp. | 214,750 | 374,580 | ||||||
| TXC Corp. | 150,000 | 409,805 | ||||||
| U-Ming Marine Transport Corp. | 245,000 | 372,661 | ||||||
| Union Bank of Taiwan. | 777,974 | 418,737 | ||||||
| United Integrated Services Co. Ltd. | 75,400 | 440,782 | ||||||
| United Renewable Energy Co. Ltd.(a) | 536,059 | 373,110 | ||||||
| UPC Technology Corp. | 375,741 | 172,286 | ||||||
| UPI Semiconductor Corp.(a) | 18,000 | 166,066 | ||||||
| USI Corp. | 300,070 | 219,487 | ||||||
| Via Technologies Inc. | 83,000 | 203,885 | ||||||
| VisEra Technologies Co. Ltd. | 26,000 | 201,485 | ||||||
| Visual Photonics Epitaxy Co. Ltd. | 75,425 | 194,959 | ||||||
| Wafer Works Corp. | 234,918 | 357,008 | ||||||
| Wah Lee Industrial Corp. | 76,340 | 214,141 | ||||||
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Walsin Technology Corp. | 150,000 | $ | 429,922 | |||||
| Wisdom Marine Lines Co. Ltd. | 172,000 | 348,639 | ||||||
| Wistron Corp. | 1,091,000 | 980,004 | ||||||
| Wistron NeWeb Corp. | 123,481 | 349,057 | ||||||
| WT Microelectronics Co. Ltd. | 150,757 | 309,579 | ||||||
| XinTec Inc. | 75,000 | 258,378 | ||||||
| Xxentria Technology Materials Corp. | 113,000 | 232,819 | ||||||
| YFY Inc. | 450,000 | 401,941 | ||||||
| Yieh Phui Enterprise Co. Ltd. | 392,586 | 194,968 | ||||||
| Yulon Finance Corp. | 100,896 | 528,256 | ||||||
| Yulon Motor Co. Ltd. | 217,026 | 461,329 | ||||||
| YungShin Global Holding Corp. | 75,200 | 98,408 | ||||||
| 74,135,818 | ||||||||
| Thailand — 4.1% | ||||||||
| AEON Thana Sinsap Thailand PCL, NVDR(b) | 57,500 | 262,875 | ||||||
| Amata Corp. PCL, NVDR | 616,376 | 340,823 | ||||||
| AP Thailand PCL, NVDR | 1,294,000 | 372,494 | ||||||
| Bangchak Corp. PCL, NVDR | 489,100 | 445,716 | ||||||
| Bangkok Chain Hospital PCL, NVDR | 705,000 | 407,900 | ||||||
| Bangkok Commercial Asset Management PCL, NVDR | 427,600 | 181,880 | ||||||
| Bangkok Land PCL, NVDR | 7,571,600 | 226,487 | ||||||
| Bangkok Life Assurance PCL, NVDR | 244,500 | 206,263 | ||||||
| Banpu PCL, NVDR | 2,322,300 | 868,293 | ||||||
| Central Plaza Hotel PCL, NVDR(a) | 240,600 | 339,833 | ||||||
| CH Karnchang PCL, NVDR(b) | 663,800 | 466,083 | ||||||
| Chularat Hospital PCL, NVDR(b) | 2,895,000 | 304,124 | ||||||
| CK Power PCL, NVDR | 1,370,500 | 190,300 | ||||||
| Com7 PCL, NVDR(b) | 502,500 | 457,447 | ||||||
| Dhipaya Group Holdings PCL, NVDR(b) | 147,900 | 215,668 | ||||||
| Ditto Thailand PCL, NVS(b) | 76,500 | 140,496 | ||||||
| Eastern Polymer Group PCL, NVDR | 601,900 | 174,854 | ||||||
| Erawan Group PCL (The), NVDR(a) | 1,561,900 | 197,716 | ||||||
| Esso Thailand PCL, NVDR | 458,600 | 158,229 | ||||||
| GFPT PCL, NVDR | 283,300 | 109,737 | ||||||
| Gunkul Engineering PCL, NVDR(b) | 1,981,399 | 302,346 | ||||||
| Hana Microelectronics PCL, NVDR(b) | 266,400 | 395,438 | ||||||
| IRPC PCL, NVDR | 3,790,700 | 332,976 | ||||||
| Jasmine International PCL, NVDR(a)(b) | 2,580,000 | 172,708 | ||||||
| Jay Mart PCL, NVDR(b) | 232,500 | 291,531 | ||||||
| KCE Electronics PCL, NVDR | 349,100 | 483,380 | ||||||
| Khon Kaen Sugar Industry PCL, NVDR | 1,328,530 | 142,827 | ||||||
| Kiatnakin Phatra Bank PCL, NVDR | 135,032 | 275,436 | ||||||
| Major Cineplex Group PCL, NVDR(b) | 336,500 | 188,046 | ||||||
| MBK PCL, NVDR | 563,500 | 297,377 | ||||||
| Mega Lifesciences PCL, NVDR | 195,000 | 259,962 | ||||||
| Ngern Tid Lor PCL, NVDR | 474,846 | 372,942 | ||||||
| Plan B Media PCL, NVDR(a)(b) | 1,677,180 | 387,548 | ||||||
| Pruksa Holding PCL, NVDR | 375,000 | 129,089 | ||||||
| PTG Energy PCL, NVDR | 448,600 | 189,574 | ||||||
| Quality Houses PCL, NVDR | 3,151,467 | 199,078 | ||||||
| Ramkhamhaeng Hospital PCL, NVS | 179,400 | 281,379 | ||||||
| Sabuy Technology PCL, NVDR(b) | 359,800 | 115,166 | ||||||
| Sansiri PCL, NVDR(b) | 7,118,200 | 318,605 | ||||||
| Siam Global House PCL, NVDR | 1 | 1 | ||||||
| Siamgas & Petrochemicals PCL, NVDR | 472,600 | 134,605 | ||||||
| Sino-Thai Engineering & Construction PCL, NVDR | 626,628 | 216,112 | ||||||
| Sri Trang Agro-Industry PCL, NVDR | 420,080 | 227,216 | ||||||
| Star Petroleum Refining PCL, NVDR | 885,000 | 292,536 | ||||||
| Supalai PCL, NVDR | 644,800 | 421,414 | ||||||
| Super Energy Corp. PCL, NVDR(b) | 8,490,000 | 159,162 | ||||||
12
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Thailand (continued) | ||||||||
| Thai Vegetable Oil PCL, NVDR(b) | 307,760 | $ | 246,884 | |||||
| Thanachart Capital PCL, NVDR | 157,500 | 189,597 | ||||||
| Thonburi Healthcare Group PCL, NVDR | 172,000 | 310,193 | ||||||
| Thoresen Thai Agencies PCL, NVDR | 649,300 | 148,782 | ||||||
| Tipco Asphalt PCL, NVDR(b) | 421,200 | 217,871 | ||||||
| Tisco Financial Group PCL, NVDR | 64,600 | 179,202 | ||||||
| TOA Paint Thailand PCL, NVDR(b) | 325,300 | 312,310 | ||||||
| TPI Polene Power PCL, NVDR(b) | 1,865,700 | 173,794 | ||||||
| TTW PCL, NVDR(b) | 982,500 | 243,779 | ||||||
| VGI PCL, NVDR(b) | 2,807,150 | 331,736 | ||||||
| WHA Corp. PCL, NVDR | 4,218,200 | 461,895 | ||||||
| 15,469,715 | ||||||||
| Turkey — 1.7% | ||||||||
| Aksa Akrilik Kimya Sanayii AS | 73,677 | 340,228 | ||||||
| Alarko Holding AS(b) | 93,226 | 419,438 | ||||||
| Anadolu Efes Biracilik Ve Malt Sanayii AS | 123,244 | 426,679 | ||||||
| Coca-Cola Icecek AS | 5,020 | 49,855 | ||||||
| Dogan Sirketler Grubu Holding AS | 651,525 | 294,986 | ||||||
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS(b) | 1,104,390 | 406,797 | ||||||
| Enerjisa Enerji AS(b)(c) | 100,875 | 157,495 | ||||||
| Hektas Ticaret TAS(a)(b) | 2 | 3 | ||||||
| Is Gayrimenkul Yatirim Ortakligi AS(a)(b) | 248,617 | 129,924 | ||||||
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D | 384,450 | 305,619 | ||||||
| Kizilbuk Gayrimenkul Yatirim Ortakligi AS, NVS(a) | 1 | — | ||||||
| Kontrolmatik Enerji Ve Muhendislik AS, NVS | 283 | 2,486 | ||||||
| Koza Altin Isletmeleri AS | 21,493 | 428,822 | ||||||
| Koza Anadolu Metal Madencilik Isletmeleri AS(a)(b) | 119,822 | 293,318 | ||||||
| Mavi Giyim Sanayi Ve Ticaret AS, Class B(c) | 52,350 | 320,999 | ||||||
| Migros Ticaret AS(a) | 54,040 | 389,107 | ||||||
| MLP Saglik Hizmetleri AS(a)(c) | 55,425 | 238,509 | ||||||
| Nuh Cimento Sanayi AS | 26,444 | 142,592 | ||||||
| ODAS Elektrik Uretim ve Sanayi Ticaret AS(a) | 116,591 | 69,937 | ||||||
| Otokar Otomotiv Ve Savunma Sanayi AS | 4,575 | 226,688 | ||||||
| Oyak Cimento Fabrikalari AS(a) | 207,525 | 239,226 | ||||||
| Pegasus Hava Tasimaciligi AS(a)(b) | 21,900 | 466,060 | ||||||
| Petkim Petrokimya Holding AS(a) | 512,775 | 497,156 | ||||||
| Smart Gunes Enerjisi Teknolojileri ArGE Uretim Sanayi ve Ticaret AS, NVS | 19,609 | 113,627 | ||||||
| TAV Havalimanlari Holding AS(a) | 96,450 | 456,399 | ||||||
| 6,415,950 | ||||||||
| United Arab Emirates — 0.8% | ||||||||
| Agthia Group PJSC. | 142,711 | 165,125 | ||||||
| Air Arabia PJSC | 1,129,167 | 639,257 | ||||||
| Al Waha Capital PJSC | 528,687 | 194,871 | ||||||
| Al Yah Satellite Communications Co. | 393,450 | 280,273 | ||||||
| Amanat Holdings PJSC | 474,433 | 108,801 | ||||||
| Aramex PJSC | 307,736 | 303,811 | ||||||
| Dana Gas PJSC. | 1,322,925 | 325,988 | ||||||
| Drake & Scull International PJSC(a)(d) | 241,185 | 3,644 | ||||||
| Dubai Financial Market PJSC | 174,057 | 77,241 | ||||||
| Dubai Investments PJSC | 895,832 | 548,841 | ||||||
| Ras Al Khaimah Ceramics | 217,958 | 160,519 | ||||||
| Sharjah Islamic Bank | 122,674 | 66,796 | ||||||
| 2,875,167 | ||||||||
| Total Common Stocks — 98.3% | ||||||||
| (Cost: $379,032,616) | 368,903,983 | |||||||
| Security | Shares | Value | ||||||
| Preferred Stocks | ||||||||
| Brazil — 1.1% | ||||||||
| Alpargatas SA, Preference Shares, NVS | 100,350 | $ | 323,906 | |||||
| Azul SA, Preference Shares, NVS | 97,099 | 229,774 | ||||||
| Banco ABC Brasil SA, Preference Shares, NVS | 36,839 | 139,353 | ||||||
| Banco do Estado do Rio Grande do Sul SA, Class B, Preference Shares, NVS | 78,564 | 150,940 | ||||||
| Banco Pan SA, Preference Shares, NVS | 192,580 | 266,454 | ||||||
| Bradespar SA, Preference Shares, NVS | 100,650 | 548,892 | ||||||
| Cia. de Saneamento do Parana, Preference Shares, NVS | 144,825 | 106,051 | ||||||
| Cia. Paranaense de Energia, Preference Shares, NVS | 346,966 | 540,238 | ||||||
| Gol Linhas Aereas Inteligentes SA, Preference Shares, NVS(a) | 60,000 | 96,081 | ||||||
| Marcopolo SA, Preference Shares, NVS | 242,264 | 114,845 | ||||||
| Metalurgica Gerdau SA, Preference Shares, NVS | 323,100 | 852,369 | ||||||
| Randon SA Implementos e Participacoes, Preference Shares, NVS | 95,100 | 170,982 | ||||||
| Unipar Carbocloro SA, Class B, Preference Shares, NVS | 21,064 | 394,462 | ||||||
| Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A, Preference Shares, NVS | 71,643 | 107,961 | ||||||
| 4,042,308 | ||||||||
| Chile — 0.1% | ||||||||
| Embotelladora Andina SA, Class B, Preference Shares, NVS | 217,673 | 418,357 | ||||||
| Total Preferred Stocks — 1.2% | ||||||||
| (Cost: $3,844,386) | 4,460,665 | |||||||
| Rights | ||||||||
| South Korea — 0.0% | ||||||||
| Genexine Inc., | ||||||||
| (Expires 01/10/23, Strike Price KRW 15,500.00) | 2,707 | 10,879 | ||||||
| Total Rights — 0.0% | ||||||||
| (Cost: $—) | 10,879 | |||||||
| Total Long-Term Investments — 99.5% | ||||||||
| (Cost: $382,877,002) | 373,375,527 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 5.0% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(g)(h)(i) | 18,964,033 | 18,965,929 | ||||||
| Total Short-Term Securities — 5.0% | ||||||||
| (Cost: $18,960,338) | 18,965,929 | |||||||
| Total Investments — 104.5% | ||||||||
| (Cost: $401,837,340) | 392,341,456 | |||||||
| Liabilities in Excess of Other Assets — (4.5)% | (16,979,912 | ) | ||||||
| Net Assets — 100.0% | $ | 375,361,544 | ||||||
| (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) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (e) | Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $88,469, representing less than 0.05% of its net assets as of period end, and an original cost of $336,376. |
13
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap ETF |
| November 30, 2022 |
| (f) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (g) | Affiliate of the Fund. |
| (h) | Annualized 7-day yield as of period end. |
| (i) | 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 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 | $ | 25,516,997 | $ | — | $ | (6,545,711 | )(a) | $ | 163 | $ | (5,520 | ) | $ | 18,965,929 | 18,964,033 | $ | 294,916 | (b) | $ | — | ||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares(c) | 490,000 | — | (490,000 | )(a) | — | — | — | — | 3,223 | — | ||||||||||||||||||||||||||
| $ | 163 | $ | (5,520 | ) | $ | 18,965,929 | $ | 298,139 | $ | — | ||||||||||||||||||||||||||
| (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. |
| (c) | As of period end, the entity is no longer held. |
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 | 29 | 12/16/22 | $ | 1,425 | $ | 108,649 | ||||||||
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.
14
| Consolidated Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets Small-Cap 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 | $ | 53,218,048 | $ | 315,548,750 | $ | 137,185 | $ | 368,903,983 | ||||||||
| Preferred Stocks | 4,460,665 | — | — | 4,460,665 | ||||||||||||
| Rights | — | 10,879 | — | 10,879 | ||||||||||||
| Money Market Funds | 18,965,929 | — | — | 18,965,929 | ||||||||||||
| $ | 76,644,642 | $ | 315,559,629 | $ | 137,185 | $ | 392,341,456 | |||||||||
| Derivative financial instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Futures Contracts | $ | 108,649 | $ | — | $ | — | $ | 108,649 | ||||||||
| (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 |
| GDR | Global Depositary Receipt |
| NVDR | Non-Voting Depositary Receipt |
| NVS | Non-Voting Shares |
| PJSC | Public Joint Stock Company |
| REIT | Real Estate Investment Trust |
15