Schedule of Investments (unaudited)	iShares® MSCI Israel ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 2.5%
Elbit Systems Ltd.		21,997	$	3,861,841
Banks — 23.1%
Bank Hapoalim BM		1,050,127		10,210,036
Bank Leumi Le-Israel BM		1,278,892		11,723,606
FIBI Holdings Ltd.		14,657		687,327
First International Bank Of Israel Ltd. (The)		45,628		2,008,555
Israel Discount Bank Ltd., Class A		1,022,855		6,125,311
Mizrahi Tefahot Bank Ltd.		127,514		4,737,795
				35,492,630
Capital Markets — 0.4%
Altshuler Shaham Penn Ltd.		58,318		130,507
Tel Aviv Stock Exchange Ltd.		83,348		556,500
				687,007
Chemicals — 4.1%
ICL Group Ltd.		585,372		4,911,011
Israel Corp Ltd.		3,183		1,312,236
Turpaz Industries Ltd., NVS		28,965		142,711
				6,365,958
Communications Equipment — 1.0%
AudioCodes Ltd.		20,861		389,993
Gilat Satellite Networks Ltd.(a)		34,604		208,083
Ituran Location and Control Ltd.		12,734		297,594
Radware Ltd.(a)		33,370		688,423
				1,584,093
Construction & Engineering — 2.6%
Ashtrom Group Ltd.		33,480		712,263
Elco Ltd.		7,826		453,758
Electra Ltd./Israel		1,745		1,023,024
Shapir Engineering and Industry Ltd.		118,169		1,026,138
Shikun & Binui Ltd.(a)		205,531		815,668
				4,030,851
Consumer Finance — 0.4%
Isracard Ltd.		165,576		554,462
Containers & Packaging — 0.2%
Hadera Paper Ltd.		3,217		327,188
Distributors — 0.2%
Tadiran Group Ltd.		2,832		319,855
Diversified Telecommunication Services — 2.1%
Bezeq The Israeli Telecommunication Corp. Ltd.		1,715,071		3,189,926
Electrical Equipment — 0.0%
Electreon Wireless Ltd.(a)		2,822		27,259
Electronic Equipment, Instruments & Components — 0.4%
Innoviz Technologies Ltd.(a)		89,838		482,430
Nayax Ltd.(a)		6,742		135,551
				617,981
Equity Real Estate Investment Trusts (REITs) — 0.9%
Reit 1 Ltd.		158,039		872,737
Sella Capital Real Estate Ltd.		171,774		443,818
				1,316,555
Food & Staples Retailing — 1.4%
M Yochananof & Sons Ltd.		4,128		235,218
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd.		7,404		531,754

Security	Shares		Value
Food & Staples Retailing (continued)
Shufersal Ltd.(b)		219,666	$	1,443,161
				2,210,133
Food Products — 0.9%
Mehadrin Ltd.(a)		0		24
Neto Malinda Trading Ltd.(a)		9,494		302,822
Strauss Group Ltd.		43,279		1,087,877
				1,390,723
Health Care Equipment & Supplies — 1.8%
Inmode Ltd.(a)(b)		58,321		2,238,943
Nano-X Imaging Ltd.(a)(b)		32,647		347,691
Sisram Medical Ltd.(c)		111,600		116,923
				2,703,557
Hotels, Restaurants & Leisure — 0.5%
Fattal Holdings 1998 Ltd.(a)		5,319		547,492
NEOGAMES SA(a)		12,458		172,045
				719,537
Household Durables — 0.8%
Azorim-Investment Development & Construction Co. Ltd.		69,077		234,579
Danya Cebus Ltd.		6,588		175,956
Electra Consumer Products 1970 Ltd.		9,814		404,808
Maytronics Ltd.		40,634		467,870
				1,283,213
Independent Power and Renewable Electricity Producers — 3.1%
Doral Group Renewable Energy Resources Ltd.(a)		74,591		223,176
Energix-Renewable Energies Ltd.		203,799		761,880
Enlight Renewable Energy Ltd.(a)		839,588		1,907,241
Kenon Holdings Ltd./Singapore.		15,576		567,986
OPC Energy Ltd.(a)		78,815		889,535
OY Nofar Energy Ltd.(a)		12,520		370,019
				4,719,837
Industrial Conglomerates — 0.2%
Arad Investment & Industrial Development Ltd.		2,531		324,034
Insurance — 2.9%
Clal Insurance Enterprises Holdings Ltd.(a)		52,052		959,292
Harel Insurance Investments & Financial Services Ltd.		96,265		955,983
IDI Insurance Co. Ltd.		6,780		165,737
Menora Mivtachim Holdings Ltd.(a)		20,540		455,438
Migdal Insurance & Financial Holdings Ltd.		348,238		460,051
Phoenix Holdings Ltd. (The)		124,733		1,465,191
				4,461,692
Interactive Media & Services — 0.2%
Taboola.com Ltd.(a)(b)		109,457		304,290
Internet & Direct Marketing Retail — 0.6%
Fiverr International Ltd.(a)(b)		26,047		916,073
IT Services — 4.1%
Formula Systems 1985 Ltd.		8,233		680,276
Malam - Team Ltd.		6,430		154,133
Matrix IT Ltd.		28,566		664,909
One Software Technologies Ltd.		32,525		482,409
Wix.com Ltd.(a)		47,342		4,283,977
				6,265,704
Machinery — 0.7%
Kornit Digital Ltd.(a)		41,166		1,055,496
Marine — 0.9%
ZIM Integrated Shipping Services Ltd.(b)		69,485		1,460,575

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Israel ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Media — 0.6%
Perion Network Ltd.(a)		33,302	$	930,231
Oil, Gas & Consumable Fuels — 2.3%
Delek Group Ltd.(a)		7,587		968,252
Equital Ltd.(a)		18,025		583,849
Naphtha Israel Petroleum Corp. Ltd.(a)		27,475		155,243
Oil Refineries Ltd.		1,723,401		640,615
Paz Oil Co. Ltd.(a)(b)		8,352		1,128,696
				3,476,655
Pharmaceuticals — 5.4%
Taro Pharmaceutical Industries Ltd.(a)		7,685		231,703
Teva Pharmaceutical Industries Ltd., ADR(a)(b)		918,298		8,053,473
				8,285,176
Professional Services — 0.3%
Danel Adir Yeoshua Ltd.		4,466		398,744
Real Estate Management & Development — 9.3%
AFI Properties Ltd.		4,751		160,505
Africa Israel Residences Ltd.		5,182		247,072
Airport City Ltd.(a)		56,499		1,009,028
Alony Hetz Properties & Investments Ltd.		122,578		1,444,313
Amot Investments Ltd.		194,245		1,264,808
Azrieli Group Ltd.		35,092		2,517,579
Big Shopping Centers Ltd.		9,906		1,168,187
Blue Square Real Estate Ltd.		4,083		289,192
Brack Capital Properties NV(a)		0		25
Electra Real Estate Ltd.		21,023		253,278
G City Ltd.		69,689		249,943
Gav-Yam Lands Corp. Ltd.		0		1
Israel Canada T.R Ltd.		109,126		305,140
Israel Land Development - Urban Renewal Ltd.		14,220		199,104
Isras Investment Co. Ltd.		1,545		289,746
Mega Or Holdings Ltd.		19,537		591,445
Melisron Ltd.		19,636		1,490,566
Mivne Real Estate KD Ltd.		487,903		1,657,052
Prashkovsky Investments and Construction Ltd.		6,224		158,534
Property & Building Corp. Ltd.(a)		2,390		172,897
Summit Real Estate Holdings Ltd.		30,787		459,649
YH Dimri Construction & Development Ltd.		6,233		421,507
				14,349,571
Semiconductors & Semiconductor Equipment — 4.3%
Camtek Ltd./Israel(a)		23,853		577,996
Nova Ltd.(a)		23,719		2,019,519
Tower Semiconductor Ltd.(a)		90,365		4,032,884
				6,630,399
Software — 18.4%
Cellebrite DI Ltd.(a)(b)		31,371		141,797
Check Point Software Technologies Ltd.(a)(b)		82,960		11,019,577
CyberArk Software Ltd.(a)(b)		33,667		5,018,740
Hilan Ltd.		12,303		609,232
Magic Software Enterprises Ltd.		22,431		393,504

Security	Shares		Value
Software (continued)
Nice Ltd.(a)		52,533	$	10,177,687
Riskified Ltd.(a)		42,228		217,897
Sapiens International Corp. NV		27,231		537,325
SimilarWeb Ltd.(a)(b)		15,827		81,034
				28,196,793
Specialty Retail — 1.1%
Carasso Motors Ltd.		26,453		172,048
Delek Automotive Systems Ltd.		43,468		580,045
Fox Wizel Ltd.(b)		6,769		765,949
Retailors Ltd.(b)		9,857		193,128
				1,711,170
Technology Hardware, Storage & Peripherals — 0.3%
Nano Dimension Ltd., ADR(a)(b)		212,400		524,628
Textiles, Apparel & Luxury Goods — 0.3%
Delta Galil Industries Ltd.(b)		9,555		411,107
Trading Companies & Distributors — 0.2%
Scope Metals Group Ltd.		6,078		260,628
Wireless Telecommunication Services — 0.9%
Cellcom Israel Ltd.(a)(b)		74,527		424,164
Partner Communications Co. Ltd.(a)		114,924		901,638
				1,325,802
Total Long-Term Investments — 99.4%
(Cost: $168,177,403)				152,691,374
Short-Term Securities
Money Market Funds — 8.2%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(d)(e)(f)		12,513,286		12,514,537
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(d)(e)		50,000		50,000
Total Short-Term Securities — 8.2%
(Cost: $12,566,207)				12,564,537
Total Investments — 107.6%
(Cost: $180,743,610)				165,255,911
Liabilities in Excess of Other Assets — (7.6)%				(11,710,598	)
Net Assets — 100.0%			$	153,545,313

^(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) Affiliate of the Fund.

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

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

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Israel ETF
November 30, 2022

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 08/31/22		Purchases at Cost			Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 11/30/22		Shares Held at 11/30/22		Income			Capital Gain Distributions  from Underlying  Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	7,068,470	$	5,448,889	(a)	$	—		$	3,077	$	(5,899	)	$	12,514,537		12,513,286	$	17,805	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		80,000		—			(30,000	)(a)		—		—			50,000		50,000		611			—
									$	3,077	$	(5,899	)	$	12,564,537			$	18,416		$	—

^(a) Represents net amount purchased (sold).

^(b) All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
Euro STOXX 50 Index		22	12/16/22	$	920	$	41,008

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.

3

Schedule of Investments (unaudited) (continued)	iShares® MSCI Israel 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	$	38,438,961	$	114,252,413	$	—	$	152,691,374
Money Market Funds		12,564,537		—		—		12,564,537
	$	51,003,498	$	114,252,413	$	—	$	165,255,911
Derivative financial instruments(a)
Assets
Futures Contracts	$	—	$	41,008	$	—	$	41,008

^(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
NVS	Non-Voting Shares

4